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Unassociated Document

    
      
        

      

    

     

    
      	
              THE
                SECURITIES TO WHICH THIS AGREEMENT RELATES HAVE NOT BEEN REGISTERED
                UNDER
                THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”) AND
                THE RULES AND REGULATIONS PROMULGATED THEREUNDER AND MAY NOT BE OFFERED
                OR
                SOLD DIRECTLY OR INDIRECTLY (A) WITHIN THE UNITED STATES OR TO OR
                FOR THE
                ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S) EXCEPT
                PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH SECURITIES
                UNDER, OR AN EXEMPTION FROM, THE PROSPECTUS AND REGISTRATION REQUIREMENTS
                OF THE 1933 ACT, OR (B) IN THE REPUBLIC OF HUNGARY OR TO RESIDENTS
                OF
                REPUBLIC OF HUNGARY EXCEPT PURSUANT TO THE APPLICABLE SECURITIES
                LAWS AND
                REGULATIONS OR PURSUANT TO AN EXEMPTION ORDER MADE BY THE APPROPRIATE
                GOVERNMENTAL SECURITIES
                REGULATOR(S).

            

    

     

     

    SUBSCRIPTION
      AGREEMENT

     

    DATED  MAY
      1, 2007 FOR REFERENCE

     

    BY
      AND BETWEEN

     

    

    A.           POWER
      OF THE
      DREAM VENTURES, INC., a Delaware corporation having its principal office
      at 1095 Budapest, Soroksari ut 94-96, Hungary (the
“Company”);

    

    And

    B.           The
      undersigned subscriber [£
      a natural
      person,  £
      a trust, £
      a corporation,
£
      a
      partnership,  £
      other (please specify)
      ______________________] having an office or residential
      address, as the case may be, set forth on the Signature Page hereto
(the “Subscriber”).

     

    RECITALS

     

    

    WHEREAS,
      the Company is offering on a no minimum basis (the “Offering”)
      up to an aggregate of 5,250,000 shares (the
“Offered Shares”) of its common stock
      (the “Common Stock”) in
70 units (the “Units”) of 75,000 Offered
      Shares each at a price of $25,500 per Unit ($0.34
per Offered Share), or $1,785,000
in
      the aggregate.

     

    WHEREAS,
      the Company will offer and sell Offered Shares only to investors (i) who are
      not
“U.S. Persons” as defined in Regulation S as promulgated under the Securities
      Act of 1933, as amended (the “1933 Act”) and (ii) who otherwise
      satisfy any applicable criteria established by the laws of the jurisdiction
      in
      which they reside.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    07
      05
      01

    Power
      of
      the Dream Ventures, Inc.

    Subscription
      Agreement

    4,125,000
      Share Offering at $0.34 per Offered Share

    Reference
      Date: May 1, 2007

    Page
      2 of
      17

     

    WHEREAS,
      the Subscriber desires to purchase from the Company and the Company desires
      to
      sell to the Subscriber the number of Units set forth on the Signature Page
      hereof (the “Subscribed for Units”), subject to the terms and
      conditions set forth herein.

     

    NOW
      THEREFORE, in consideration of the recitals and the mutual covenants
      herein contained and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto hereby agree
      as
      follows:

     

    AGREEMENTS

     

    The
      following numbering is done with the Alt NB numbering macro.  There
      are 6 levels (Heading 1 to Heading 6 styles); shortcut keys Ctrl Alt 1 to Ctrl
      Alt 6.

     

    
      	
              1.

            	
              Subscription
                and Purchase of Shares;
                Closing.

            

    

     

    
      	
            	
              1.1

            	
              Definitions.

            

    

    

    “1933
      Act” shall have the meaning ascribed thereto in the recitals to this
      Agreement.

    

    “1934
      Act” shall mean the United States Securities Exchange Act of 1934, as
      amended.

    

    “Affiliate”
      means, with respect to any Person, any other Person that directly or indirectly
      controls or is controlled by or under common control with such
      Person.  For the purposes of this definition, "control," when used
      with respect to any Person, means the possession, direct or indirect, of the
      power to direct or cause the direction of the management and policies of such
      Person, whether through the ownership of voting securities, by contract or
      otherwise; and the terms of "affiliated," "controlling" and "controlled" have
      meanings correlative to the foregoing.

    

    “Agreement”
      means this Subscription Agreement.

    

     “Business
      Day” means any day except Saturday, Sunday and any day which shall be
      a
      legal holiday or a day on which banking institutions in the State of New York
      generally are closed.

    

    “Closing
      Date” shall have the meaning ascribed thereto in Section
      1.4 hereof.

    

    “Commission”
      means the Securities and Exchange Commission.

    

    “Common
      Sock” means shares of the Company's common stock, $0.001 par value, or
      such securities that such stock shall hereafter be reclassified
      into.

    

    “Company,”
      shall have the meaning ascribed thereto in the preamble.

    

    “Effective
      Date” shall have the meaning ascribed thereto in Section
      7.12 hereof.

    

    “Offered
      Shares” shall have the meaning ascribed thereto in the recitals to this
      Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    07
      05
      01

    Power
      of
      the Dream Ventures, Inc.

    Subscription
      Agreement

    4,125,000
      Share Offering at $0.34 per Offered Share

    Reference
      Date: May 1, 2007

    Page 3
      of 17

    

    “Offering”
      means the offering of Offered Shares.

    

    “Person”
      means an individual or a corporation, partnership, trust, incorporated or
      unincorporated association, joint venture, limited liability company, joint
      stock company, government (or an agency or political subdivision thereof) or
      other entity of any kind.

    

    “Proceeding”
      means an action, claim, suit, investigation or proceeding (including, without
      limitation, an investigation or partial proceed­ing, such as a deposition),
      whether commenced or threatened.

    

    “Purchase
      Price” shall have the meaning ascribed thereto in Section
      1.2 hereof.

    

    “Reference
      Date” shall have the meaning ascribed thereto in Section
7.12 hereof.

    

    “SEC
      Filings” shall have the meaning ascribed thereto in
Section 4.5 hereof.

    

    “Subscribed
      for Units” shall have the meaning ascribed thereto in recitals to this
      Agreement.

    

    “US
      Person” shall have the meaning ascribed thereto in Section
      1.5 hereto.

    

     

    
      	
            	
              1.2

            	
              Subscription
                and Purchase of
                Shares.

            

    

     

    Subject
      to the terms and conditions herein set forth, the Subscriber hereby subscribes
      for and agrees to purchase from the Company the Subscribed for
      Units, at a price per Unit of $25,500, or $0.34 per Offered Share, (the
      “Purchase Price”).

     

    
      	
            	
              1.3

            	
              Payment
                of Purchase Price.

            

    

     

    Simultaneously
      with the execution and delivery of this Agreement by the Subscriber, the
      Subscriber shall deliver the Purchase Price by check payable to the Company
      or
      by wire transfer of funds pursuant to wiring instructions provided by the
      Company and as set forth on Exhibit 1.3
      hereto.

     

    
      	
            	
              1.4

            	
              Closing.

            

    

     

    The
      closing of the purchase and sale of the Subscribed for Units (the
“Closing”) shall take place at the offices of the Company
      simultaneously with the execution and delivery of this Agreement by the Company,
      or at such other time and place or on such other business day thereafter as
      the
      parties hereto may agree (the “Closing Date”). As soon as
      practicable following the Closing Date, the Company will deliver or cause to
      be
      delivered a certificate(s) representing the Offered Shares constituting the
      Subscribed for Units to the Subscriber against confirmation of collection of
      the
      Purchase Price.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    07
      05
      01

    Power
      of
      the Dream Ventures, Inc.

    Subscription
      Agreement

    4,125,000
      Share Offering at $0.34 per Offered Share

    Reference
      Date: May 1, 2007

    Page 4
      of 17

     

    
      	
            	
              1.5

            	
              Limitations
                of Offering.

            

    

    

    The
      Subscriber acknowledges that the Company is offering and selling the Offered
      Shares only to investors (the “Qualified Subscribers”) who are
      (a) who are not “US Persons” as that term is defined in Rule
      902(o) of Regulation as promulgated under the 1933 Act and (b) who otherwise
      satisfy any applicable criteria established by the laws of the jurisdiction
      in
      which they reside.

    

    
      	
               

            	
              1.6

            	
              No
                Minimum Number of Offered Shares Need be
                Sold.

            

    

    

    The
      Subscriber acknowledges that the Company is offering and selling the Offered
      Shares on a no minimum basis, and further acknowledges and understands that
      since there is no minimum number of Units to be sold, no proceeds will be held
      in an escrow account and all funds will be immediately available to, and for
      use
      by, the Company. Subscriber further acknowledges that he may be the only
      investor in the Offering.

     

    
      	
              2.

            	
              Subscriber’s
                Conditions of Closing.

            

    

     

    The
      Subscriber’s obligation to purchase and pay for the Subscribed for Units is
      subject to the satisfaction or waiver of the condition that the representations,
      warranties and covenants of the Company set forth in Section 4
      hereof shall be true in all material respects on and as of the Closing Date,
      except to the extent of changes caused by the transactions herein contemplated;
      and, if the Closing Date is other than the date hereof, the Company shall
      deliver to Subscriber a certificate of a duly authorized officer of the Company,
      dated the Closing Date, to such effect.

     

    
      	
              3.

            	
              Company’s
                Conditions of Closing.

            

    

     

    The
      Company’s obligation to sell the Subscribed for Units is subject to the
      satisfaction or waiver, on or before the Closing Date, of the conditions
      contained in this Section 3.

     

    
      	
            	
              3.1

            	
              Representations,
                Warranties and
                Covenants.

            

    

     

    The
      representations, warranties and covenants of the Subscriber set forth in
Section 5 hereof shall be true in all material respects on and
      as of the Closing Date.

     

    
      	
            	
              3.2

            	
              Payment
                of Purchase Price.

            

    

     

    The
      Subscriber shall have purchased and paid for the Subscribed for Units by
      delivery of the Purchase Price.

     

    
      	
            	
              3.3

            	
              No
                Adverse Action or
                Decision.

            

    

     

    There
      shall be no action, suit, investigation or proceeding pending, or to the
      Company’s knowledge, threatened, against or affecting the Company or any of its
      properties or rights, or any of its affiliates, associates, officers or
      directors, before any court, arbitrator, or administrative or governmental
      body
      that (i) seeks to restrain, enjoin, prevent the consummation of or otherwise
      adversely affect the transactions contemplated by this Agreement, or (ii)
      questions the validity or legality of any such transaction or seeks to recover
      damages or to obtain other relief in connection with any such
      transaction.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page 5
        or 17

       

    

    
      	
            	
              3.4

            	
              Compliance
                with Securities Laws.

            

    

     

    The
      offer
      and sale of the Subscribed for Units under this Agreement shall have complied
      with, and shall not be prohibited by, all applicable requirements of the 1933
      Act or applicable Hungarian Securities Laws (as hereinafter
      defined).

     

    
      	
              4.

            	
              Representations
                and Warranties of the
                Company.

            

    

     

    The
      Company represents, warrants and covenants to the Subscriber that:

     

    
      	
            	
              4.1

            	
              Corporate
                Existence and
                Business.

            

    

     

    The
      Company is a Company duly organized, legally existing, and in good standing
      under the laws of the State of Delaware with the requisite corporate power
      and
      authority to own and use its properties and assets and to carry on its business
      as currently conducted. The Company is currently a development stage start-up
      technology company focused on the acquisition and development of intellectual
      property and technologies
      in Hungary for commercialization in international markets. The Company seeks
      to
      acquire rights to and interests in intellectual property and technologies
      through a variety of methods including, but not limited to, the direct
      investment in entities owning or developing the intellectual property, licensing
      of the intellectual property or technology, or a joint venture arrangement
      to
      mutually develop and commercialize the intellectual property or
      technologies.

     

    
      	
            	
              4.2

            	
              Authorization;
                Enforcement.

            

    

     

    The
      Company has the requisite corporate power and authority to enter into and to
      consummate the transactions contemplated by this Agreement, and otherwise to
      carry out its obligations hereunder.  The execution and delivery of
      this Agreement by the Company and the consummation by it of the transactions
      contemplated hereby have been duly authorized by all necessary action on the
      part of the Company.  When executed and delivered in accordance with
      the terms hereof, this Agreement shall constitute the legal, valid and binding
      obligation of the Company enforceable against the Company in accordance with
      its
      terms, except as such enforceability may be limited by applicable bankruptcy,
      insolvency, reorganization, moratorium, liquidation or similar laws relating
      to,
      or affecting generally the enforcement of, creditors’ rights and remedies or by
      other equitable principles of general application. Anything herein to the
      contrary notwithstanding, this Agreement shall not become a binding obligation
      of the Company until it has been accepted by the Company as evidenced by its
      execution by a duly authorized officer.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page 6
        or 17

       

    

    
      	
            	
              4.3

            	
              Agreement
                Not in Conflict.

            

    

     

    The
      execution and delivery of this Agreement by the Company and the completion
      of
      the transactions contemplated hereby do not and will not conflict with or result
      in a breach or violation of any of the terms or provisions of, or constitute
      a
      default under (whether after notice or lapse of time or both): (A) any statute,
      rule or regulation applicable to the Company; (B) the charter documents, by-laws
      or resolutions of the Company which are in effect at the date hereof; (C) any
      mortgage, note, indenture, contract, agreement, instrument, lease or other
      document to which the Company is a party or by which it is bound; or (D) any
      judgment, decree or order binding the Company or, to the best of its knowledge,
      information and belief, the property or assets of the Company.

     

    
      	
            	
              4.4

            	
              Authorized
                and Outstanding Capital
                Stock.

            

    

    

    The
      Company’s authorized capital stock of consists of consists of 250,000,000 shares
      of Common Stock, and 10,000,000 preferred shares, $0.001 par
      value.  As of the Reference Date there were 37,300,000 shares of our
      common stock issued and outstanding and no shares of preferred stock issued
      and
      outstanding.  If all of the Offered Shares are sold there will be an
      aggregate of 42,550,000 shares of Common Stock issued and
      outstanding.

    

    
      	
            	
              4.5

            	
              Reporting
                Issuer Status.

            

    

    

    The
      Company has a reporting obligation under Section 12(g) of the 1934 Act and
      files
      current, quarterly and annual reports with the Commission on forms 8-K, 10-QSB
      and 10-KSB (collectively, the “SEC Filings”). The filed
      material may be inspected and copied at the Public Reference Room maintained
      by
      the Commission at 100 F Street, N.E., Washington, D.C. 20549. You can
      obtain information about operation of the Public Reference Room by calling
      the Commission at 1-800-U.S. The Commission also maintains an Internet site
      that
      contains reports, proxy and information statements, and other information
      regarding issuers that file electronically with the
      U.S.  Securities & Exchange Commission at http://www.sec.gov.
      Copies of such material can be obtained from the public reference section of
      the
      U.S.  Securities & Exchange Commission at prescribed rates. The
      Company is current in its filings with the Commission.

    

    
      	
               

            	
              4.6

            	
              Market
                for the Company’s Common
                Stock.

            

    

    

    There
      currently is no trading market
      for the Company’s securities and no assurance can be given that a trading market
      for such securities will develop.

     

    
      	
              5.

            	
              Representations,
                Warranties and Acknowledgements of
                Subscriber.

            

    

     

    The
      Subscriber represents, warrants and covenants to the Company
      that:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        7 or 17

       

    

    
      	
            	
              5.1

            	
              Organization;
                Authority.

            

    

     

    The
      Subscriber has the requisite power and authority to enter into and to consummate
      the transactions contemplated hereby and to carry out its obligations
      hereunder.  The Subscriber:

     

    (a)         if
      a company, trust, partnership, qualified plan or other entity, further warrants
      and represents that it is duly incorporated or formed, validly existing and
      in
      good standing under the laws of the jurisdiction of its organization and is
      authorized and qualified to become a holder of the Subscribed for Units, the
      person signing this Agreement on behalf of such entity has been duly authorized
      to execute and deliver this agreement, and the acquisition of the Subscribed
      for
      Units by the Subscriber and the consummation by the Subscriber of the
      transactions contemplated hereby have been duly authorized by all necessary
      action to be taken on the part of the Subscriber;

     

    (b)         if
      not an individual, further warrants and represents that it has the requisite
      power, authority and legal capacity to execute and deliver this Subscription
      Agreement, to perform all of its obligations hereunder and to undertake all
      actions required of the Subscriber hereunder, and all necessary approvals of
      its
      directors, partners, shareholders, trustees or otherwise (as the case may be)
      with respect to such matters have been given or obtained; and

     

    (c)         in
      any case, represents and warrants that this Agreement has been duly executed
      and
      delivered by the Subscriber and constitutes a valid and legally binding
      obligation of the Subscriber, enforceable against the Subscriber, in accordance
      with its terms, subject to applicable bankruptcy, insolvency, fraudulent
      transfer, reorganization, moratorium and similar laws of general applicability
      relating to or affecting creditors’ rights generally and to general principles
      of equity.  The entering into of this Agreement and the transactions
      contemplated hereby will not result in a violation of any of the terms or
      provisions of any law applicable to the Subscriber, or any of the Subscriber’s
      charter documents, or of any agreement to which the Subscriber is a party or
      by
      which it is bound.

     

    
      	
            	
              5.2

            	
              Acquisition
                of Offered Shares for
                Investment.

            

    

     

    The
      Subscriber is acquiring the Subscribed for Units as principal for its own
      account for investment purposes only and not with a view to or for distributing
      or reselling the Subscribed for Units or any part thereof or interest
      therein.  Except as otherwise disclosed in writing to the Company, the
      Subscriber is not acting jointly or in concert with any other person or company
      for the purposes of acquiring any of the Offered Shares.

     

    
      	
            	
              5.3

            	
              Experience
                of Subscriber.

            

    

     

    The
      Subscriber either alone or together with its representatives, has such
      knowledge, sophistication and experience in business and financial matters
      so as
      to be capable of evaluating and assessing the merits and risks of the
      prospective investment in the Subscribed for Units, and has so evaluated the
      merits and risks of such investment and has determined that the Subscribed
      for
      Units are suitable to investment for him.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        8 or 17

       

    

    
      	
            	
              5.4

            	
              Ability
                of Subscriber to Bear Risk of
                Investment.

            

    

     

    The
      Subscriber acknowledges that the purchase of the Subscribed for Units is a
      highly speculative investment, involving a high degree of risk and the
      Subscriber is able to bear the economic risk of an investment in the Subscribed
      for Units; and, at the present time, is able to afford a complete loss of such
      investment.

     

    
      	
            	
              5.5

            	
              No
                Conflict or Violation.

            

    

     

    The
      execution, delivery, and performance of this Agreement by Subscriber and the
      consummation by Subscriber of the transactions contemplated hereby will not
      conflict with or result in a default under the terms of any material contract,
      agreement, obligation or commitment applicable to Subscriber. The execution,
      delivery and performance by the Subscriber of this Subscription Agreement and
      the completion of the transaction contemplated hereby do not and will not result
      in a violation of any law, regulation, order or ruling applicable to the
      Subscriber, and do not and will not constitute a breach of or default under
      any
      of the Subscriber’s charter documents (if the Subscriber is not a natural
      person) or any agreement to which the Subscriber is a party or by which it
      is
      bound.

     

    
      	
            	
              5.6

            	
              Regulation
                S Representations, Acknowledgements and
                Warranties.

            

    

     

    The
      Subscriber represents, warrants, acknowledges, and covenants to the Company,
      that:

     

    (a)   he
      is not a “US Person” as that term is defined in Rule 902 of
      Regulation S, as more fully set forth in Exhibit 1.5
      hereto;

     

    (b)   the
      Subscribed for Units are being offered and sold in reliance on the exemptions
      from the registration requirements of the 1933 Act provided by the provisions
      of
      Regulation S as promulgated under the 1933 Act, and that the Subscribed for
      Units may not be resold in the United States or to a US Person as defined in
      Regulation S, except pursuant to an effective registration statement or an
      exemption from the registration provisions of the 1933 Act as evidenced by
      an
      opinion of counsel acceptable to the Company, and that in the absence of an
      effective registration statement covering the Subscribed for Units or an
      available exemption from registration under the 1933 Act, the Subscribed for
      Units must be held indefinitely.  The Subscriber further acknowledges
      that this Agreement is not intended as a plan or scheme to evade the
      registration requirements of the 1933 Act;

     

    (c)    he
      is a resident of the country set forth on the signature page
      hereto;

     

    (d)    he
      is not, and on the Closing Date will not be, an affiliate of the
      Company;

     

    (e)    all
      offers and sales of the Subscribed for Units shall be made in compliance with
      all applicable laws of any applicable jurisdiction and, particularly, in
      accordance with Rules 903 and 904, as applicable, of Regulation S or pursuant
      to
      registration of the Subscribed for Units under the 1933 Act or pursuant to
      an
      exemption from registration.  In any case, none of the Subscribed for
      Units have been and will be offered or sold by the Subscriber to, or for the
      account or benefit of a U.S. Person or within the United States until after
      the
      end of a one year period commencing on the date on which this Agreement is
      accepted by the Company (the “Distribution Compliance Period”),
      except pursuant to an effective registration statement as to the Subscribed
      for
      Units or an applicable exemption from the registration requirements of the
      1933
      Act;

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        9 or 17

       

    

    (f)     the
      Subscribed for Units have not been offered to the Subscriber in the United
      States and the individuals making the decision to purchase the Subscribed for
      Units and executing and delivering this Agreement on behalf of the Subscriber
      were not in the United States when the decision was made and this Agreement
      was
      executed and delivered;

     

    (g)    he
      will not engage in any activity for the purpose of, or that could reasonably
      be
      expected to have the effect of, conditioning the market in the United States
      for
      any of the Shares;

     

    (h)    neither
      the Subscriber nor any of his affiliates will directly or indirectly maintain
      any short position, purchase or sell put or call options or otherwise engage
      in
      any hedging activities in any of the Subscribed for Units or any other
      securities of the Company until after the end of the Distribution Compliance
      Period, and acknowledges that such activities are prohibited by Regulation
      S.

     

    
      	
            	
              5.7

            	
              Transfer
                Restrictions.

            

    

     

    (a)    The
      Subscriber acknowledges that the certificates representing the Offered Shares,
      shall bear a legend substantially as follows:

     

    “THE
      SECURITIES TO WHICH THIS CERTIFICATE RELATES HAVE NOT BEEN REGISTERED UNDER
      THE
      UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”) AND THE RULES
      AND REGULATIONS PROMULGATED THEREUNDER AND MAY NOT BE OFFERED OR SOLD DIRECTLY
      OR INDIRECTLY (A) WITHIN THE UNITED STATES OR TO OR FOR THE ACCOUNT OR BENEFIT
      OF U.S. PERSONS (AS DEFINED IN REGULATION S) EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT AS TO SUCH SECURITIES UNDER, IN COMPLIANCE WITH
      REGULATION S AND/OR OTHER APPLICABLE EXEMPTION FROM, THE REGISTRATION
      REQUIREMENTS OF THE 1933 ACT, OR (B) IN REPUBLIC OF HUNGARY OR TO RESIDENTS
      OF
      REPUBLIC OF HUNGARY EXCEPT PURSUANT TO APPLICABLE SECURITIES LAWS AND
      REGULATIONS IN EACH CASE AS EVIDENCED BY AN OPINION OF COUNSEL ACCEPTABLE TO
      THE
      COMPANY.”

     

    (b)    The
      Subscriber understands and acknowledges that the Company has the right not
      to
      record a purported transfer of the Subscribed for Units, without the Company
      being satisfied that such transfer is exempt from or not subject to (a)
      registration under the U.S. 1933 Act and any applicable state securities laws,
      and (b) the registration and prospectus requirements under Hungarian Securities
      Laws.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        10 or 17

    

    (c)    In
      addition to resale restrictions imposed under U.S. federal securities law,
      there
      are additional restrictions on the Subscriber’s ability to resell the Subscribed
      for Units under applicable Hungarian Securities Law.

     

    (d)   
      The Subscriber understands and acknowledges that the Company is not obligated
      to
      file and, except as provided in a registration rights agreements of even date
      herewith between the Subscriber and the Company, has no present intention of
      filing any registration statement or prospectus in respect of re-sales of the
      Subscribed for Units with the SEC in the United States or with any of the
      provincial securities regulatory authorities in Republic of
      Hungary.

    

    (e)    The
      Subscriber confirms that it has been advised to consult its own legal and
      financial advisors with respect to the suitability of the Subscribed for Units
      as an investment for the Subscriber and the resale restrictions (including
      “hold periods”) to which the Subscribed for Units will be
      subject under applicable securities legislation and confirms that no
      representation has been made to the Subscriber by or on behalf of the Company
      with respect thereto.

    

    (f)     The
      Subscriber will not resell any Subscribed for Units except in accordance with
      the provisions of applicable securities legislation and stock exchange
      rules.

     

    
      	
            	
              5.8

            	
              No
                Offering Memorandum.

            

    

     

    The
      Subscriber acknowledges that the offering is being conducted without delivery
      of
      an offering memorandum and that it has not relied on any oral representation,
      warranty or information in connection with the offering of the Subscribed for
      Units by the Company, or any officer, employee, agent, affiliate or subsidiary
      of the Company.

     

    
      	
            	
              5.9

            	
              No
                Approval by Regulatory
                Authority.

            

    

     

    The
      Subscriber understands that no securities commission, stock exchange,
      governmental agency, regulatory body or similar authority has made any finding
      or determination or expressed any opinion with respect to the merits of an
      investment in Offered Shares of which the Subscribed for Units are a
      part.

     

    
      	
            	
              5.10

            	
              No
                Representation as to Value of Offered
                Shares.

            

    

     

    The
      Subscriber confirms that neither the Company nor any of its directors,
      employees, officers, consultants, agents or affiliates, has made any
      representations (written or oral) to the Subscriber regarding the future value
      of the Offered Shares and acknowledges and confirms that no representation
      has
      been made to the Subscriber with respect to the listing of the Offered Shares
      on
      any exchange or that application has been or will be made be made for such
      listing. In making its investment decision with respect to the Subscribed for
      Units, the Subscriber has relied solely upon publicly available information
      relating to the Company and the written representation made by or on behalf
      of
      the Company herein.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        11 or 17

       

    

    
      	
            	
              5.11

            	
              No
                Advertisement.

            

    

     

    The
      Subscriber is not and has not become aware of any advertisement in printed
      public media or on radio, television or other form of communication (including
      electronic display such as the Internet) with respect to the
      Offering.

     

    
      	
            	
              5.12

            	
              Conditional
                Sale.

            

    

     

    The
      Subscriber understands that the sale and delivery of the Subscribed for Units
      is
      conditional upon such sale being exempt from the registration and prospectus
      requirements under applicable securities legislation or upon the issuance of
      such orders, consents or approvals as may be required to permit such sale and
      delivery without complying with such requirements. If required under applicable
      securities legislation or regulatory policy, or by any securities commission,
      stock exchange or other regulatory authority, the Subscriber will execute,
      deliver, file and otherwise assist the Company in filing such reports,
      undertakings and other documents with respect to the issue of the Subscribed
      for
      Units.

     

    
      	
            	
              5.13

            	
              No
                Joint Action.

            

    

     

    Except
      as
      disclosed in writing to the Company, the Subscriber does not act jointly or
      in
      concert with any other person or company for the purposes of acquiring the
      Subscribed for Units.

     

    
      	
            	
              5.14

            	
              Tax
                Consequences.

            

    

     

    The
      Subscriber understands that the investment in the Subscribed for Units may
      have
      tax consequences under applicable taxation laws, that it is the sole
      responsibility of the Subscriber to determine and assess such tax consequences
      as may apply to its particular circumstances, and the Subscriber has not
      received and is not relying on the Company for any tax advice
      whatsoever.

     

    
      	
            	
              5.15

            	
              Legal
                Advice.

            

    

     

    The
      Subscriber is responsible for obtaining such legal advice as he, she or it
      considers appropriate in connection with the execution and delivery of this
      Subscription Agreement and the purchase of the Subscribed for
      Units.

     

    
      	
            	
              5.16

            	
              Risk
                Acknowledgement.

            

    

    

    The
      Subscriber acknowledges that the purchase of the Shares is a speculative
      investment involving
      substantial business and market risks.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        12 or 17

       

    

    
      	
              6.

            	
              Reliance
                and Indemnification.

            

    

     

    
      	
            	
              6.1

            	
              Reliance
                and Timeliness.

            

    

     

    The
      Subscriber understands and acknowledges that (i) the Offered Shares are being
      offered and sold to the Subscriber without registration under the Securities
      Act or applicable Hungarian securities laws in a private placement that is
      exempt from the registration provisions of the Securities Act and/or
      the requirements of applicable Hungarian securities laws and (ii) the
      availability of such exemption, depends in part on, and the Company will rely
      upon, the accuracy and truthfulness of, the foregoing representations and
      warranties and the Subscriber hereby consents to such reliance. The Subscriber
      agrees that the representations, warranties and covenants of the Subscriber
      contained herein (or in any Representation Letter executed and delivered by
      the
      Subscriber pursuant to the provisions hereof) shall be true and correct both
      as
      of the execution of this Subscription Agreement and as of the Closing Date,
      and
      shall survive the completion of the distribution of the Offered
      Shares.  The Subscriber hereby agrees to notify the Company
      immediately of any change in any representation, warranty, covenant or other
      information relating to the Subscriber contained in this Agreement which takes
      place prior to Closing.

     

    
      	
            	
              6.2

            	
              Indemnification.

            

    

     

    The
      Subscriber agrees to indemnify the Company, and each of its officers, directors,
      employees, consultants and agents from and against all losses, claims, costs,
      expenses, damages or liabilities that any of them they may suffer or incur
      as a
      result of or in connection with their reliance on such representations,
      warranties and covenants.  The Subscriber acknowledges and agrees that
      the Company acts as trustee of the Subscriber’s covenants hereunder for each of
      its officers, directors, employees, consultants and agents entitled to indemnity
      hereunder and shall be entitled to enforce such covenants on behalf of such
      persons.

     

    
      	
              7.

            	
              Miscellaneous.

            

    

     

    
      	
            	
              7.1

            	
              Amendment;
                Waivers.

            

    

     

    No
      provision of this Agreement may be waived or amended except in a written
      instrument signed, in the case of an amendment, by both the Company and the
      Subscriber; or, in the case of a waiver, by the party against whom enforcement
      of any such waiver is sought.  No waiver of any default with respect
      to any provision, condition or requirement of this Agreement shall be deemed
      to
      be a continuing waiver in the future or a waiver of any other provision,
      condition or requirement hereof, nor shall any delay or omission of either
      party
      to exercise any right hereunder in any manner impair the exercise of any such
      right accruing to it thereafter.

     

    
      	
            	
              7.2

            	
              Survival
                of Representations and
                Warranties.

            

    

     

    All
      representations, warranties and agreements contained herein or made in writing
      by or on behalf of any party to this Agreement in connection herewith shall
      survive the execution and delivery of this Agreement.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        13 or 17

       

    

    
      	
            	
              7.3

            	
              Successors
                and Assigns; No Third
                Party.

            

    

     

    All
      covenants and agreements in this Agreement contained by or on behalf of the
      parties hereto shall be binding upon and inure to the benefit of the parties
      and
      their respective successors and assigns and, to the extent provided in this
      Agreement.

     

    
      	
            	
              7.4

            	
              Notices.

            

    

     

    Any
      and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be in writing and shall be deemed given and effective
      on the earliest of (i) the date of transmission, if such notice or communication
      is delivered via facsimile at the facsimile telephone number specified in this
      Section prior to 4:30 p.m. (New York Time) on a business day, (ii) the business
      day after the date of transmission, if such notice or communication is delivered
      via facsimile at the facsimile telephone number specified in the this Agreement
      later than 4:30 p.m. (New York Time) on any date and earlier than 11:59 p.m.
      (New York Time) on such date, (iii) the business day following the date of
      mailing, if sent by nationally recognized overnight courier service, or (iv)
      upon actual receipt by the party to whom such notice is required to be
      given.  The address for such notices and communications shall be as
      follows:

    

    
      	
              If
                to the Company:

            	
              Power
                of the Dream Ventures,
                Inc.

            

    

    

    
      	
               

            	
              1095
                Budapest

            

    

    
      	
               

            	
              Soroksari
                ut 94-96

            

    

    
      	
               

            	
              Hungary

            

    

    
      	
               

            	
              Telephone:

            	
              +36-1-456-6061

            

    

    
      	
               

            	
              Facsimile:

            	
              +36-1-456-6062

            

    

    

    If
      to the Subscriber: At the address set forth below the Subscriber’s
      name on the signature page hereto; or, such other address as may be designated
      in writing hereafter, in the same manner, by such party.

     

    
      	
            	
              7.5

            	
              Headings.

            

    

     

    The
      headings herein are inserted for convenience only and do not constitute a part
      of this Agreement.  Whenever the context requires, the gender of any
      word used in this Agreement includes the masculine, feminine or neuter, and
      the
      number of any word includes the singular or plural. Unless the context otherwise
      requires, all references to articles and sections refer to articles and sections
      of this Agreement, and all references to schedules are to schedules attached
      hereto, each of which is made a part hereof for all purposes. The descriptive
      headings of the several articles and sections of this Agreement are inserted
      for
      purposes of reference only, and shall not affect the meaning or construction
      of
      any of the provisions hereof.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        14 or 17

       

    

    
      	
            	
              7.6

            	
              Governing
                Law; Consent to
                Jurisdiction.

            

    

     

    The
      corporate laws of the State of Delaware shall govern all issues concerning
      the
      relative rights of the Company and its shareholders. All other questions
      concerning the construction, validity, enforcement and interpretation of this
      Agreement shall be governed by the internal laws of the State of New York,
      without giving effect to any choice of law or conflict of law provision or
      rule
      (whether of the State of New York or any other jurisdictions) that would cause
      the application of the laws of any jurisdictions other than the State of New
      York.  Each party hereby irrevocably submits to the exclusive
      jurisdiction of the state and federal courts sitting in the City of New York,
      for the adjudication of any dispute hereunder or in connection herewith or
      therewith, or with any transaction contemplated hereby or discussed herein,
      and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      any such court, that such suit, action or proceeding is brought in an
      inconvenient forum or that the venue of such suit, action or proceeding is
      improper.  Each party hereby irrevocably waives personal service of
      process and consents to process being served in any such suit, action or
      proceeding by mailing a copy thereof to such party at the address for such
      notices to it under this 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.  EACH PARTY HEREBY IRREVOCABLY
      WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE
      ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING
      OUT
      OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

     

    
      	
            	
              7.7

            	
              Remedies.

            

    

     

    In
      addition to being entitled to exercise all rights provided herein or granted
      by
      law, including recovery of damages, the Subscriber will be entitled to specific
      performance of the obligations of the Company hereunder.  The Company
      and the Subscriber agree that monetary damages would not be adequate
      compensation for any loss incurred by reason of any breach of its obligations
      described in the foregoing sentence and hereby agrees to waive in any action
      for
      specific performance of any such obligation the defense that a remedy at law
      would be adequate.

     

    
      	
            	
              7.8

            	
              Entire
                Agreement.

            

    

     

    This
      Agreement and the other writings referred to herein or delivered pursuant hereto
      contain the entire agreement among the parties with respect to the subject
      matter hereof and supersede all prior and contemporaneous arrangements or
      understandings with respect thereto.

     

    
      	
            	
              7.9

            	
              Severability.

            

    

     

    Any
      provision of this Agreement that is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or unenforceability without invalidating the remaining
      provisions hereof, and the parties will attempt to agree upon a valid and
      enforceable provision which shall be a reasonable substitute therefore, and
      upon
      so agreeing, shall incorporate such substitute provision in this
      Agreement.  Any such prohibition or unenforceability in any
      jurisdiction shall not invalidate or render unenforceable such provision in
      any
      other jurisdiction.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        15 or 17

       

    

    
      	
            	
              7.10

            	
              Counterparts.

            

    

     

    This
      Agreement may be executed in any number of counterparts, all of which when
      taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission or by e-mail delivery of a “.pdf” format data file, such signature
      shall create a valid and binding obligation of the party executing (or on whose
      behalf such signature is executed) with the same force and effect as if such
      facsimile or “.pdf” signature page were an original thereof.

     

    
      	
            	
              7.11

            	
              Fees
                and Expenses.

            

    

     

    Except
      as
      otherwise provided herein, each of the parties hereto shall pay its own fees
      and
      expenses, including attorney fees, in connection with the transactions
      contemplated by this Agreement.

     

    
      	
            	
              7.12

            	
              English
                Language.

            

    

     

    The
      Subscriber acknowledges that it has consented to and requested that all
      documents evidencing or relating in any way to the sale of the Offered Shares,
      of which the Subscribed for Units are part, be drawn up in the English language
      only.

     

    
      	
            	
              7.13

            	
              Knowledge.

            

    

     

    As
      used
      in this Agreement, the term “knowledge” of any person or entity shall mean and
      include (i) actual knowledge and (ii) that knowledge which a reasonably prudent
      business person could have obtained in the management of his or her business
      affairs after making due inquiry and exercising due diligence which a prudent
      business person should have made or exercised, as applicable, with respect
      thereto.

     

    
      	
            	
              7.14

            	
              Reference
                Date and Effective
                Date.

            

    

     

    May
      1,
      2007 is the “reference date” of this Agreement. The date of acceptance of this
      Agreement by the Company, as set forth on the signature page, shall be the
      “effective date” hereof.

     

    
      	
            	
              7.15

            	
              Currency.

            

    

     

    All
      dollar references herein are to U.S. dollars unless otherwise
      indicated.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      07
        05
        01

      Power
        of
        the Dream Ventures, Inc.

      Subscription
        Agreement

      4,125,000
        Share Offering at $0.34 per Offered Share

      Reference
        Date: May 1, 2007

      Page
        16 or 17

    

    IN
      WITNESS WHEREOF, the parties hereto caused this Agreement to be duly
      executed as of the dates set forth below.

     

    

    
      	 	 	 	 
	 	 	 	
              Date
                the
                Subscription:                            ,2007

            
	 	 	 	 
	 (Name
              of Subscriber – please print)	 	
              Number
                Of Subscribed for Units:____________________

            
	 	 	 	
              Price
                Per Unit: $25,500

            
	 	 	 	
              Aggregate
                Consideration: $_______________________

            
	
              By:

            	 	 	 
	 	
              Authorized
                Signature

            	 	
              Paid
                by  □ Check    □  Wire
                Transfer

            
	  	 	 
	 	 	 
	 	 	 
	
              (Official
                Capacity or Title – please print)

            	 	
              (Subscriber’s
                Address including Country of Residence)

            
	 	 	 
	 
              	 	 
	
              (Please
                print name of individual whose signature appears above if different
                than
                the name of the subscriber printed above.)

            	 	 
	 	 	 	
              (Telephone
                Number)/(Facsimile Number)

            
	 	 	 	 
	 Tax
              Identification Number:	 	
              Email
                Address:

            

    

     

     

    ACCEPTANCE

     

    The
      Company hereby accepts the above subscription for the Subscribed for Units
      effective the ____________day of ________________, 2007.

     

    

    
      	 	 	
              Address:

            	
              Power
                of the Dream Ventures, Inc.

            
	
              Power
                of the Dream Ventures, Inc. 

            	
               

            	
              1095
                Budapest

            
	 	 	 	
              Soroksari
                ut 94-96

            
	
              By:

            	   
              	 	
              Hungary

            
	
              Name: 

            	 	
              Telephone: +36-1-456-6061

            
	
              Title:
                President 

            	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    07
      05
      01

    Power
      of
      the Dream Ventures, Inc.

    Subscription
      Agreement

    4,125,000
      Share Offering at $0.34 per Offered Share

    Reference
      Date: May 1, 2007

    Page
      17 or 17

     

    Exhibit
      1.3

     

    WIRE
      TRANSFER INFORMATION

     

    Remit
      U.S. Dollar Wire Payments to:

    

    

    
      	
              Name
                of the acct:

            	
              Power
                of the Dream Ventures Inc.

            

    

    
      	
              Acct
                no:

            	
              1500876685

            

    

    
      	
              Name
                of the Bank:

            	
              Signature
                Bank

            

    

    
      	
               

            	
              950
                Third Avenue, 9th
                flr

            

    

    
      	
               

            	
              New
                York NY 10022

            

    

    
      	
              Bank
                Swift no:

            	
              SIGNUS33.Unassociated Document

    
      07
        05
        01--Power of the Dream Ventures, Inc.

      Registration
        Statement Related to the

      Subscription
        Agreement-Share Offering

      Reference
        Date: May 1, 2007  

       

      REGISTRATION
        RIGHTS AGREEMENT, entered into as of the Effective Date (as defined
        below), by and between POWER
        OF THE DREAM VENTURES, INC., a Delaware corporation, and the
        Person named on the signature page hereof (the
“Purchaser”).

      

      In
        consideration of the mutual promises herein contained and other consideration,
        the receipt and adequacy of which is hereby acknowledged, the parties hereto
        hereby agree as follows:

      

      SECTION
        1

      CERTAIN
        DEFINITIONS

      

      All
        capitalized terms used herein and not otherwise defined shall have the meaning
        ascribed thereto to in the Subscription Agreement.

      

      As
        used
        in this Agreement, the following terms shall have the following
        meanings:

      

      “Advice”
        has the meaning set forth in Section 6.6
        hereof.

      

      “Affiliate”
        means, with respect to any Person, any other Person that directly or indirectly
        controls or is controlled by or under common control with such
        Person.  For the purposes of this definition, "control," when used
        with respect to any Person, means the possession, direct or indirect, of
        the
        power to direct or cause the direction of the management and policies of
        such
        Person, whether through the ownership of voting securities, by contract or
        otherwise; and the terms of "affiliated," "controlling" and "controlled"
        have
        meanings correlative to the foregoing.

      

      “Agreement”
        means this Registration Rights Agreement.

      

      “Business
        Day” means any day except Saturday, Sunday and any day which shall be
        a
        legal holiday or a day on which banking institutions in the State of New
        York
        generally are closed.

      

      “Commission”
        means the Securities and Exchange Commission.

      

      “Common
        Shares” means shares of the Company's common stock, $0.001 par value,
        or such securities that such stock shall hereafter be reclassified
        into.

      

      “Company”
        means Power of the Dream Ventures, Inc.

      

      “Effectiveness
        Date” means the date that the Registration Statement is declared
        effective by the Commission.

      

      “Effectiveness
        Period” has the meaning set forth in Section
        2.1 hereof.

      

      “Exchange
        Act” means the Securities Exchange Act of 1934, as
        amended.

      

      
        
          
          

        

        
          Page
            1 of
            30

          
            

          

        

        
          
            07
              05
              01--Power of the Dream Ventures, Inc.

            Registration
              Statement Related to the

            Subscription
              Agreement-Share Offering

            Reference
              Date: May 1, 2007

          

        

      

       

      “Filing
        Date” has the meaning ascribed thereto in Section
        2.1 hereof.

      

      “Holder”
        or “Holders” means the holder or holders, as the case may be,
        from time to time, of Registrable Securities.

      

      “Indemnified
        Party” has the meaning set forth in Section 5.3
hereof.

      

      “Indemnifying
        Party” has the meaning set forth in Section 5.3
hereof.

      

      “Offering”
        means the offering of the Offered Shares in accordance with the Subscription
        Agreement.

      

      “Person”
        means an individual or a corporation, partnership, trust, incorporated or
        unincorporated association, joint venture, limited liability company, joint
        stock company, government (or an agency or political subdivision thereof)
        or
        other entity of any kind.

      

      “Plan
        of Distribution” has the meaning set forth in Section
        2.1 hereof.

      

      “Proceeding”
        means an action, claim, suit, investigation or proceeding (including, without
        limitation, an investigation or partial proceed­ing, such as a deposition),
        whether commenced or threatened.

      

      “Prospectus”
        means the prospectus included in the Registration Statement (including, without
        limitation, a prospectus that includes any information previously omitted
        from a
        prospectus filed as part of an effective Registration Statement in reliance
        upon
        Rule 430A promulgated under the Securities Act), as amended or supplemented
        by
        any prospectus supplement, with respect to the terms of the offering of any
        portion of the Registrable Securities covered by the Registration Statement,
        and
        all other amendments and supplements to the Prospectus, including post-effective
        amendments, and all material incorporated by reference or deemed to be
        incorporated by reference in such Prospectus.

      

      “Purchaser”
        has the meaning set forth in the recitals to this Agreement.

      

      “Registrable
        Securities” means (i) Offered Shares, (ii) the Common Shares issuable
        upon exercise of any issued and outstanding warrants to purchase Common Shares,
        (iii) issued and outstanding Common Shares deemed

      

      “Restricted
        Shares,” as that term is defined in the rules and regulations
        promulgated under the Securities Act and not otherwise transferable in their
        entirety by the holder thereof pursuant to Rule 144.  Shares shall
        cease to be Registrable Securities when they have (a) been effectively
        registered under the Securities Act and disposed of in accordance with the
        Registration Statement covering them, (b) been sold to the public in accordance
        with Rule 144, (c) otherwise transferred and new certificates for them not
        bearing a Securities Act restrictive legend have been delivered by the Company,
        or (d) as to any Holder, become eligible to be sold in a single sale in
        accordance with Rule 144.  Notwithstanding anything herein to the
        contrary any shares owned by any Holder which may be sold pursuant to 144(k),
        as
        of the date of the filing of the Registration Statement, shall not be included
        in any such Registration Statement.

      
        

        
          
            
            

          

          
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              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

         

      

      “Registration
        Statement” means the registration statements required to be filed
        hereunder with respect to the Registrable Securities including (in each case)
        the Prospectus, amendments and supplements to such registration statement
        or
        Prospectus, including pre- and post-effective amendments, all exhibits thereto,
        and all material incorporated by reference or deemed to be incorporated by
        reference in such registration statement.

      

      “Restricted
        Shares” has the meaning ascribed thereto in the definition of
        Registrable Securities in this Section 1
        hereof.

      

      “Rule
        144” means Rule 144 promulgated by the Commission pursuant to the
        Securities Act as such Rule may be amended from time to time, or any similar
        rule or regulation hereafter adopted by the Commission having substantially
        the
        same effect as such Rule.

      

      “Rule
        415” means Rule 415 promulgated by the Commission pursuant to the
        Securities Act, as such Rule may be amended from time to time, or any similar
        rule or regulation hereafter adopted by the Commission having substantially
        the
        same purpose and effect as such Rule.

      

      “Rule
        424” means Rule 424 promulgated by the Commission pursuant to the
        Securities Act, as such Rule may be amended from time to time, or any similar
        rule orregulation hereafter adopted by the Commission having substantially
        the
        same purpose and effect as such Rule.

      

      “Securities
        Act” means the Securities Act of 1933, as amended, and the rules and
        regulations promulgated thereunder.

      

      “Selling
        Shareholder Questionnaire” shall have the meaning set forth in
Section
3(a) hereof.

      

      “Subscription
        Agreement” means the several Subscription Agreements between the
        Company and the individual subscribers executing the same, including the
        Purchaser, dated for reference as of May 1, 2007, pursuant to which the Company
        offered for sale up to 4,125,000 Offered Shares at a price of $0.34 per Offered
        Share in Units of 75,000 Offered Shares each at a Unit Price of
        $25,500.

      
        

        
          
            
            

          

          
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              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

         

      

      SECTION
        2

      REGISTRATION
        RIGHTS

      

      2.1           Shelf
        Registration.  (a)        Within
        90 days from the Offering Termination Date (the “Filing Date”)
        the Company shall prepare and file with the Commission a “Shelf” Registration
        Statement covering the resale of 100% of the Registrable Securities on such
        Filing Date for an offering to be made on a continuous basis pursuant to
        Rule
        415. The Registration Statement shall be on Form SB-2 (except if the Company
        is
        not then eligible to register for resale the Registrable Securities on Form
        SB-2, in which case such registration shall be on another appropriate form
        in
        accordance herewith) and shall contain  substantially the
“Plan of Distribution” attached hereto
        as Exhibit A hereto. Subject
        to the terms of this Agreement, the Company shall use its best efforts to
        cause
        a Registration Statement to be declared effective under the Securities Act
        as
        promptly as possible after the filing thereof, and shall use its best efforts
        to
        keep such Registration Statement continuously effective under the Securities
        Act
        until all Registrable Securities covered by such Registration Statement have
        been sold, or may be sold without volume restrictions pursuant to Rule 144(k),
        as determined by the counsel to the Company pursuant to a written opinion
        letter
        to such effect, addressed and acceptable to the Company's transfer agent
        and the
        affected Holders, but in no event for more than two years following the
        Effectiveness Date (the “Effectiveness Period”).

      

      (b)
        At
        such time as it may file an acceleration request, the Company shall
        telephonically request effectiveness of a Registration Statement as of 5:00
        p.m.
        New York City time. The Company shall immediately notify the Holders via
        facsimile or e-mail of the effectiveness of a Registration Statement on the
        same
        Business Day that the Company telephonically confirms effectiveness with
        the
        Commission, which shall be the date requested for effectiveness of a
        Registration Statement. The Company shall on the Business Day after the
        Effective Date file a final Prospectus with the Commission as required by
        Rule
        424.

      

      2.2           Expenses
        of Registration.All fees and expenses incident to the performance of or
        compliance with this Agreement by the Company shall be borne by the Company
        whether or not any Registrable Securities are sold pursuant to the Registration
        Statement. The fees and expenses referred to in the foregoing sentence shall
        include, without limitation, (i) all registration and filing fees (including,
        without limitation, fees and expenses (A) with respect to filings required
        to be
        made with any trading market or exchange on which the Common Stock is then
        listed for trading, (B) in compliance with applicable state securities or
        Blue
        Sky laws reasonably agreed to by the Company in writing (including, without
        limitation, fees and disbursements of counsel for the Company in connection
        with
        Blue Sky qualifications or exemptions of the Registrable Securities) and
        (C) if
        not previously paid by the Company in connection with an Issuer Filing, with
        respect to any filing that may be required to be made by any broker through
        which a Holder intends to make sales of Registrable Securities with NASD
        Regulation, Inc. pursuant to the NASD Rule 2710, so long as the broker is
        receiving no more than a customary brokerage commission in connection with
        such
        sale, (ii) printing expenses (including, without limitation, expenses of
        printing certificates for Registrable Securities), (iii) messenger, telephone
        and delivery expenses, (iv) fees and disbursements of counsel for the Company;
        (v) and fees and disbursements up to an aggregate of $5,000 for one
        counsel for all of the Holders, (vi) Securities Act liability insurance,
        if the
        Company so desires such insurance, and (vii) fees and expenses of all other
        Persons retained by the Company in connection with the consummation of the
        transactions contemplated by this Agreement. In addition, the Company shall
        be
        responsible for all of its internal expenses incurred in connection with
        the
        consummation of the transactions contemplated by this Agreement (including,
        without limitation, all salaries and expenses of its officers and employees
        performing legal or accounting duties), the expense of any annual audit and
        the
        fees and expenses incurred in connection with the listing of the Registrable
        Securities on any securities exchange as required hereunder. In no event
        shall
        the Company be responsible for any broker or similar commissions of any Holder
        or, except to the extent provided for in the Transaction Documents, any legal
        fees or other costs of the Holders.

      
        
          

          
            
              
              

            

            
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                07
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                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      SECTION
        3

      OBLIGATIONS
        OF THE COMPANY WITH RESPECT TO THE FILING OF A REGISTRATION
        STATEMENT

       

                                    
        In connection with the Company's registration obligations hereunder, the
        Company
        shall:

      

      (a)           Not
        less than five Business Days prior to the filing of the Registration Statement
        and not less than one Business Day prior to the filing of any related Prospectus
        or any amendment or supplement thereto (including any document that would
        be
        incorporated or deemed to be incorporated therein by reference), the Company
        shall (i) furnish to each Holder copies of all such documents proposed to
        be
        filed, which documents (other than those incorporated or deemed to be
        incorporated by reference) will be subject to the review of such Holders
        and
        (ii) cause its officers and directors, counsel and independent certified
        public
        accountants to respond to such inquiries as shall be necessary, to conduct
        a
        reasonable investigation within the meaning of the Securities Act.

      

      (b)           The
        Company shall not file the Registration Statement or any such Prospectus
        or any
        amendments or supplements thereto to which the Holders of a majority of the
        Registrable Securities shall reasonably object in good faith, provided that
        the
        Company is notified of such objection in writing no later than
        five Business Days after the Holders have been so furnished copies of a
        Registration Statement or one Business Day after the Holders have been so
        furnished copies of any related Prospectus or amendments or supplements thereto.
        Each Holder agrees to furnish to the Company a completed Questionnaire in
        the
        form attached to this Agreement (with such changes as may be required to
        reasonably comply with all then applicable federal and state securities laws)
        as Exhibit B (the “Selling Shareholder
        Questionnaire”) not less than two Business Days prior to the Filing
        Date or by the end of the fourth Business Day following the date on which
        such
        Holder receives draft materials in accordance with this
Section.

      
        
          

          
            
              
              

            

            
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                07
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                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      (c) (i)      Prepare
        and file with the Commission such amendments, including post-effective
        amendments, to the Registration Statement and the Prospectus used in connection
        therewith as may be necessary to keep such Registration Statement continuously
        effective as to the applicable Registrable Securities for the Effectiveness
        Period and prepare and file with the Commission such additional Registration
        Statements in order to register for resale under the Securities Act all of
        the
        Registrable Securities; (ii) cause therelated Prospectus to be amended or
        supplemented by any required Prospectus supplement (subject to the terms
        of this
        Agreement), and, as so supplemented or amended, to be filed pursuant to Rule
        424; (iii) respond as promptly as reasonably possible to any comments received
        from the Commission with respect to a Registration Statement or any amendment
        thereto; and (iv) comply in all material respects with the provisions of
        the
        Securities Act and the Exchange Act with respect to the disposition of all
        Registrable Securities covered by a Registration Statement during the applicable
        period in accordance (subject to the terms of this Agreement) with the intended
        methods of disposition by the Holders thereof set forth in such Registration
        Statement as so amended or in such Prospectus as so supplemented.

      

      (d)          Notify
        the Holders of Registrable Securities to be sold (which notice shall, pursuant
        to clauses (iii) through (vi) hereof, be accompanied by an instruction to
        suspend the use of the Prospectus until the requisite changes have been made)
        as
        promptly as reasonably possible (and, in the case of (i)(A) below, not less
        than
        one Business Day prior to such filing) and (if requested by any such Person)
        confirm such notice in writing no later than one Business Day following the
        day
        (i)(A) when a Prospectus or any Prospectus supplement or post-effective
        amendment to the Registration Statement is proposed to be filed; (B) when
        the
        Commission notifies the Company whether there will be a “review” of such
        Registration Statement and whenever the Commission comments in writing on
        such
        Registration Statement; and (C) with respect to the Registration Statement
        or
        any post-effective amendment, when the same has become effective; (ii) of
        any
        request by the Commission or any other federal or state governmental authority
        for amendments or supplements to a Registration Statement or Prospectus or
        for
        additional information; (iii) of the issuance by the Commission or any other
        federal or state governmental authority of any stop order suspending the
        effectiveness of the Registration Statement covering any or all of the
        Registrable Securities or the initiation of any Proceedings for that purpose;
        (iv) of the receipt by the Company of any notification with respect to the
        suspension of the qualification or exemption from qualification of any of
        the
        Registrable Securities for sale in any jurisdiction, or the initiation or
        threatening of any Proceeding for such purpose; (v) of the occurrence of
        any
        event or passage of time that makes the financial statements included in
        the
        Registration Statement ineligible for inclusion therein or any statement
        made in
        the Registration Statement or Prospectus or any document incorporated or
        deemed
        to be incorporated therein by reference untrue in any material respect or
        that
        requires any revisions to the  Registration Statement, Prospectus or
        other documents so that, in the caseof the Registration Statement or the
        Prospectus, as the case may be, it will not contain any untrue statement
        of a
        material fact or omit to state any material fact required to be stated therein
        or necessary to make the statements therein, in light of the circumstances
        under
        which they were made, not misleading; and (vi) the occurrence or existence
        of
        any pending corporate development with respect to the Company that the Company
        believes may be material and that, in the determination of the Company, makes
        it
        not in the best interest of the Company to allow continued availability of
        the
        Registration Statement or Prospectus; provided that any and all of such
        information shall remain confidential to each Holder until such information
        otherwise becomes public, unless disclosure by a Holder is required by
        law; provided, further, notwithstanding each Holder's
        agreement to keep such information confidential, the Holders make no
        acknowledgement that any such information is material, non-public
        information.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      (e)           Use
        its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal
        of (i) any order suspending the effectiveness of the Registration Statement,
        or
        (ii) any suspension of the qualification (or exemption from qualification)
        of
        any of the Registrable Securities for sale in any jurisdiction, at the earliest
        practicable moment.

      

      (f)           Furnish
        to each Holder, without charge, if requested, at least one conformed copy
        of
        each such Registration Statement and each amendment thereto, including financial
        statements and schedules, all documents incorporated or deemed to be
        incorporated therein by reference to the extent requested by such Person,
        and
        all exhibits to the extent requested by such Person (including those previously
        furnished or incorporated by reference) promptly after the filing of such
        documents with the Commission.

      

      (g)           Subject
        to the terms of this Agreement, the Company hereby consents to the use of
        such
        Prospectus and each amendment or supplement thereto by each of the selling
        Holders in connection with the offering and sale of the Registrable Securities
        covered by such Prospectus and any amendment or supplement thereto, except
        after
        the giving of any notice pursuant to Section
        3(d).

      

      (h)           Prior
        to any resale of Registrable Securities by a Holder, use its commercially
        reasonable efforts to register or qualify or cooperate with the selling Holders
        in connection with the registration or qualification (or exemption from the
        Registration or qualification) of such Registrable Securities for the resale
        by
        the Holder under the securities or Blue Sky laws of such jurisdictions within
        the United States as any Holder reasonably requests in writing, to keep each
        registration or qualification (or exemption therefrom) effective during the
        Effectiveness Period and to do any and all other acts or things reasonably
        necessary to enable the disposition in such jurisdictions ofthe Registrable
        Securities covered by each Registration Statement; provided, that the Company
        shall not be required to qualify generally to do business in any jurisdiction
        where it is not then so qualified, or subject the Company to any material
        tax in
        any such jurisdiction where it is not then so subject or file a general consent
        to service of process in any such jurisdiction.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      (i)           If
        requested by the Holders, cooperate with the Holders to facilitate the timely
        preparation and delivery of certificates representing Registrable Securities
        to
        be delivered to a transferee pursuant to the Registration Statement, which
        certificates shall be free, to the extent permitted by the Purchase Agreement,
        of all restrictive legends, and to enable such Registrable Securities to
        be in
        such denominations and registered in such names as any such Holders may
        reasonably request.

      

      (j)           Upon
        the occurrence of any event contemplated by this Section
        3, as promptly as reasonably possible under the circumstances
        taking into account the Company's good faith assessment of any adverse
        consequences to the Company and its stockholders of the premature disclosure
        of
        such event, prepare a supplement or amendment, including a post-effective
        amendment, to a Registration Statement or a supplement to the related Prospectus
        or any document incorporated or deemed to be incorporated therein by reference,
        and file any other required document so that, as thereafter delivered, neither
        a
        Registration Statement nor such Prospectus will contain an untrue statement
        of a
        material fact or omit to state a material fact required to be stated therein
        or
        necessary to make the statements therein, in light of the circumstances under
        which they were made, not misleading. If the Company notifies the Holders
        in accordance with clauses (iii) through (vi) of Section
        3(d) above to suspend the use of any Prospectus until the requisite
        changes to such Prospectus have been made, then the Holders shall suspend
        use of
        such Prospectus. The Company will use its best efforts to ensure that the
        use of
        the Prospectus may be resumed as promptly as is practicable. The Company
        shall
        be entitled to exercise its right under this Section
        3(j) to suspend the availability of a Registration Statement and
        Prospectus.

      

      (k)           Comply
        with all applicable rules and regulations of the Commission.

      

      SECTION
        4

      FURNISH
        INFORMATION

      

      It
        shall
        be a condition precedent to the obligations of the Company to take any action
        pursuant to Sections 2 or 3 hereof that the selling
        Holders shall furnish to the Company such information regarding themselves,
        the
        Registrable Securities held by them and the intended method of disposition
        of
        such securities as shall be required to timely effect the registration of
        their
        Registrable Securities. The Company may require, at any time prior to the
        Filing
        Date, each Holder to furnish to the Company a statement as to the number
        of
        shares of Common Stock beneficially owned by such Holder the  Selling
        Shareholder Questionnaire and, if required by the Commission, the natural
        persons thereof that have voting and dispositive control over the Shares.
        Such
        information is to be provided within three (3) days of the company’s request
        therefor.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      SECTION
        5

      INDEMINIFICATION

      

      5.1           By
        the Company.  The Company shall, notwithstanding any
        termination of this Agreement, indemnify and hold harmless each Holder and
        the
        Placement Agent, the officers, directors, members, partners, agents, brokers
        (including brokers who offer and sell Registrable Securities as principal
        as a
        result of a pledge or any failure to perform under a margin call of Common
        Stock), investment advisors and employees (and any other Persons with a
        functionally equivalent role of a Person holding such titles, notwithstanding
        a
        lack of such title or any other title) of each of them, each Person who controls
        any such Holder or the Placement Agent (within the meaning of Section 15
        of the
        Securities Act or Section 20 of the Exchange Act) and the officers, directors,
        members, shareholders, partners, agents and employees (and any other Persons
        with a functionally equivalent role of a Person holding such titles,
        notwithstanding a lack of such title or any other title) of each such
        controlling Person, to the fullest extent permitted by applicable law, from
        and
        against any and all losses, claims, damages, liabilities, costs (including,
        without limitation, reasonable attorneys' fees) and expenses (collectively,
        “ Losses”), as incurred, arising out of or relating to (1) any
        untrue or alleged untrue statement of a material fact contained in a
        Registration Statement, any Prospectus or any form of prospectus or in any
        amendment or supplement thereto or in any preliminary prospectus, or arising
        out
        of orrelating to any omission or alleged omission of a material fact required
        to
        be stated therein or necessary to make the statements therein (in the case
        of
        any Prospectus or form of prospectus or supplement thereto, in light of the
        circumstances under which they were made) not misleading or (2) any violation
        or
        alleged violation by the Company of the Securities Act, the Exchange Act
        or any
        state securities law, or any rule or regulation thereunder, in connection
        with
        the performance of its obligations under this Agreement, except to the extent,
        but only to the extent, that (i) such untrue statements or omissions are
        based
        solely upon information regarding such Holder furnished in writing to the
        Company by such Holder expressly for use therein, or to the extent that such
        information relates to such Holder or such Holder's proposed method of
        distribution of Registrable Securities and was reviewed and expressly approved
        in writing by such Holder expressly for use in a Registration Statement,
        such
        Prospectus or such form of Prospectus or in any amendment or supplement thereto
        (it being understood that the Holder has approved Exhibit
        A hereto for this purpose) or (ii) in the case of an occurrence
        of
        an event of the type specified in Section
        3(d)(iii)-(vi), the use by such Holder of an outdated or defective
        Prospectus after the Company has notified such Holder in writing that the
        Prospectus is outdated or defective and prior to the receipt by such Holder
        of
        the Advice contemplated in Section 6(d). The Company
        shall notify the Holders promptly of the institution, threat or assertion
        of any
        Proceeding arising from or in connection with the transactions contemplated
        by
        this Agreement of which the Company is aware.

      
        
          

          
            
              
              

            

            
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                07
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                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      5.2           Indemnification
        By Selling Holders.Each Holder shall, severally and not
        jointly, indemnify and hold harmless the Company, its directors, officers,
        agents and employees, each Person who controls the Company (within the meaning
        of Section 15 of the Securities Act and Section 20 of the Exchange Act),
        and the
        directors, officers, agents or employees of such controlling Persons, to
        the
        fullest extent permitted by applicable law, from and against all Losses,
        as
        incurred, to the extent arising out of or based solely upon: (x) such Holder's
        failure to comply with the prospectus delivery requirements of the Securities
        Act or (y) any untrue or alleged untrue statement of a material fact contained
        in any Registration Statement, any Prospectus, or any form of prospectus, or in
        any amendment or supplement thereto or in any preliminary prospectus, or
        arising
        out of or relating to any omission or alleged omission of a material fact
        required to be stated therein or necessary to make the statements therein
        not
        misleading (i) to the extent, but only to the extent, that such untrue statement
        or omission is contained in any information so furnished in writing by such
        Holder to the Company specifically for inclusion in such Registration Statement
        or such Prospectus or (ii) to the extent that such information relates to
        such
        Holder's proposed method of distribution of Registrable Securities and was
        reviewed and expressly approved in writing by such Holder expressly for use
        in a
        Registration Statement (it being understood that the Holder has approved
        Exhibit A hereto for this purpose), such Prospectus or
        such form of Prospectus or in any amendment or supplement thereto or (ii)
        in the
        case of an occurrence of an event of the type specified in Section
        3(d)(iii)-(vi), the use by such Holder of an outdated or
        defective Prospectus after the Company has notified such Holder in writing
        that
        the Prospectus is outdated or defective and prior to the receipt by such
        Holder
        of the Advice contemplated in Section 6(d). In no event
        shall the liability of any selling Holder hereunder be greater in amountthan
        the
        dollar amount of the net proceeds received by such Holder upon the sale of
        the
        Registrable Securities giving rise to such indemnification
        obligation.

      

      5.3           Conduct
        of Indemnification Proceedings.

      

      (a)           If
        any Proceeding shall be brought or asserted against any Person entitled to
        indemnity hereunder (an “Indemnified
        Party”), such Indemnified Party shall promptly
        notify the Person from whom indemnity is sought (the “Indemnifying
        Party”) in writing, and the Indemnifying Party shall assume the
        defense thereof, including the employment of counsel reasonably satisfactory
        to
        the Indemnified Party and the payment of all fees and expenses incurred in
        connection with defense thereof; provided, that the failure of any Indemnified
        Party to give such notice shall not relieve the Indemnifying Party of its
        obligations or liabilities pursuant to this Agreement, except (and only)
        to the
        extent that such failure shall have prejudiced the Indemnifying
        Party.

      

      (b)           An
        Indemnified Party shall have the right to employ separate counsel in any
        such
        Proceeding and to participate in the defense thereof, but the fees and expenses
        of such counsel shall be at the expense of such Indemnified Party or Parties
        unless: (1) the Indemnifying Party has agreed in writing to pay such fees
        and
        expenses; or (2) the Indemnifying Party shall have failed promptly to assume
        the
        defense of such Proceeding and to employ counsel reasonably satisfactory
        to such
        Indemnified Party in any such Proceeding; or (3) the named parties to any
        such
        Proceeding (including any impleaded parties) include both such Indemnified
        Party
        and the Indemnifying Party, and such Indemnified Party shall have been advised
        by counsel that a material conflict of interest is likely to exist if the
        same
        counsel were to represent such Indemnified Party and the Indemnifying Party
        (in
        which case, if such Indemnified Party notifies the Indemnifying Party in
        writing
        that it elects to employ separate counsel at the expense of the Indemnifying
        Party, the Indemnifying Party shall not have the right to assume the defense
        thereof and the expense of one such counsel for each Holder shall be at the
        expense of the Indemnifying Party).  The Indemnifying Party shall not
        be liable for any settlement of any such Proceeding effected without its
        written
        consent, which consent shall not be unreasonably withheld.  No
        Indemnifying Party shall, without the prior written consent of the Indemnified
        Party, effect any settlement of any pending Proceeding in respect of which
        any
        Indemnified Party is a party, unless such settlement includes an unconditional
        release of such Indemnified Party from all liability on claims that are the
        subject matter of such Proceeding.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      (c)           Subject
        to the terms of this Agreement, all fees and expenses of the Indemnified
        Party
        (including reasonable fees and expenses to the extent incurred in connection
        with investigating or preparing to defend such Proceeding in a manner not
        inconsistent with this Section) shall be paid to the Indemnified Party, as
        incurred, within ten Business Days of written notice thereof to the Indemnifying
        Party (regardless of whether it is ultimately determined that an Indemnified
        Party is not entitled to indemnification hereunder; provided, that the
        Indemnifying Party may require such Indemnified Party to undertake to reimburse
        all such fees and expenses to the extent it is finally judicially determined
        that such Indemnified Party is not entitled to indemnification
        hereunder).

      

      5.4           Contribution.  In
        order to provide for just and equitable contribution to joint liability under
        the Securities Act in any case in which contribution under the Securities
        Act
        may be required on the part of any such selling Holder or any such controlling
        person in circumstances for which indemnification is provided under this
        Section 5; then, and in each such case, the Company and such Holder will
        contribute to the aggregate losses, claims, damages or liabilities to which
        they
        may be subject (after contribution from others) in such proportion so that
        such
        Holder is responsible for the portion represented by the percentage that
        the
        public offering price of its Registrable Securities offered by and sold under
        the Registration Statement bears to the public offering price of all securities
        offered by and sold under such Registration Statement, and the Company and
        other
        selling Holders are responsible for the remaining portion in proportion to
        the
        securities offered by and sold by each under such Registration Statement;
        provided, however, that, in any such case, (A) no such Holder will be
        required to contribute any amount in excess of the public offering price
        of all
        such Registrable Securities offered and sold by such Holder pursuant to such
        Registration Statement and (B) no person or entity guilty of fraudulent
        misrepresentation (within the meaning of Section 11(f) of the Securities
        Act) will be entitled to contribution from any person or entity who was not
        guilty of such fraudulent misrepresentation.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      5.6           Survival.  The
        obligations of the Company and Holders under this
Section 5 shall survive the completion of any offering of
        Registrable Securities in a Registration Statement, and otherwise.

       

      

      SECTION
        6

      

      GENERAL
        PROVISIONS

      

      6.1          Remedies.  In
        the event of a breach by the Com­pany or by a Holder, of any of their
        obliga­tions under this Agreement, each Holder or the Company, as the case
        may be, in addition to being entitled to exercise all rights granted by law
        and
        under this Agreement, including recovery of dam­ages, will be entitled to
        specific performance of its rights under this Agreement.  The Company
        and each Holder agree that monetary damages would not provide adequate
        com­pensation for any losses incurred by reason of a breach by it of any of
        the provisions of this Agreement and hereby further agrees that, in the event
        of
        any action for specific performance in respect of such breach, it shall waive
        the defense that a remedy at law would be adequate. The remedies provided
        herein are cumulative and not exclusive of any other remedies provided by
        law.

      

      6.2           Compliance.  Each
        Holder covenants and agrees that it will comply with the prospectus delivery
        requirements of the Securities Act as applicable to it in connection with
        sales
        of Registrable Securities pursuant to the Registration Statement.

      

      6.3           Notices.  Any
        and all notices or other communications or deliveries required or permitted
        to
        be provided hereunder shall be in writing and shall be deemed given and
        effective on the earliest of (i) the date of transmission, if such notice
        or
        communication is delivered via facsimile at the facsimile telephone number
        specified in this Section prior to 6:30 p.m. (New York City time) on a Business
        Day, (ii) the Business Day after the date of transmission, if such notice
        or
        communication is delivered via facsimile at the facsimile telephone number,
        if
        any, specified in this Agreement no later than 6:30 p.m. (New York
        City  time) on any date and earlier than 11:59 p.m. (New York City
        time) on such date, (iii) the Business Day following the date of mailing,
        if
        sent by nationally recognized overnight courier service, or (iv) upon actual
        receipt by the party to whom such notice is required to be given.  The
        address for such notices and communications shall be as follows:

      

      
        	
                If
                  to the Company:

              	
                Power
                  of the Dream Ventures, Inc.

              
	 	
                1095
                  Budapest

              
	 	
                Soroksari
                  ut 94-96

              
	 	
                Hungary

              
	 	
                 +36-1-456-6061

              
	 	 
	
                With
                  copies to:

              	
                Sierchio
                  Greco & Greco, LLP

              
	 	
                720
                  Fifth Avenue

              
	 	
                New
                  York, New York 10019

              
	 	
                Telephone:
                  (212) 246-3030

              
	 	
                Facsimile:
                  (212) 246-2225

              
	 	
                Attention:     Joseph
                  Sierchio, Esq.

              

      

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      
        	
                If
                  to a Holder:   

              	
                To
                  the address of such Holder as it appears in the stock transfer
                  books of
                  the Company,

              

      

      

      or
        such
        other address as may be designated in writing hereafter, in the same manner,
        by
        such Person.

      

      6.4      Successors
        and Assigns.  This Agreement shall inure to the benefit of
        and be binding upon the successors and permitted assigns of each of the parties
        and shall inure to the benefit of each Holder.  The Company may not
        assign its rights or obligations hereunder without the prior written consent
        of
        each Holder.  Each Holder may assign their respective rights hereunder
        in the manner and to the Persons as may be permitted under the Subscription
        Agreement.

      

      6.5      Counterparts.  This
        Agreement may be executed in any number of counterparts, all of which when
        taken
        together shall be considered one and the same agreement and shall become
        effective when counterparts have been signed by each party and delivered
        to the
        other party, it being understood that both parties need not sign the same
        counterpart. In the event that any signature is delivered by facsimile
        transmission or by e-mail delivery of a “.pdf” format data file, such signature
        shall create a valid and binding obligation of the party executing (or on
        whose
        behalf such signature is executed) with the same force and effect as if such
        facsimile or “.pdf” signature page were an original thereof.

      

      6.6      Discontinued
        Disposition. By its acquisition of Registrable Securities, each Holder
        agrees that, upon receipt of a notice from the Company of the occurrence
        of any
        event of the kind described in Section 3(d) (iii) through
        (vi), such Holder will forthwith discontinue disposition of such
        Registrable Securities under a Registration Statement until it is advised
        in
        writing (the “Advice”) by the Company that the use of the
        applicable Prospectus (as it may have been supplemented or amended) may be
        resumed. The Company will use its best efforts to ensure that the use of
        the
        Prospectus may be resumed as promptly as it practicable.

      

      6.7          Cumulative
        Remedies.  The remedies provided herein are cumulative and
        not exclusive of any remedies provided by law.

      

      6.8          Severability.
        If any term, provision, covenant or restriction of this Agree­ment is held
        by a court of competent jurisdiction to be invalid, illegal, void or
        unenforceable, the remainder of the terms, provisions, covenants and
        restrictions set forth herein shall remain in full force and effect and shall in
        no way be affected, impaired or invalidated, and the parties hereto shall
        use
        their reasonable efforts to find and employ an alternative means to achieve
        the
        same or substantially the same result as that contemplated by such term,
        provision, covenant or restric­tion.  It is hereby stipulated and
        declared to be the intention of the parties that they would have executed
        the
        remaining terms, provisions, cove­nants and restrictions without terms that
        may be invalid, illegal, void or unenforceable.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      6.9          Headings.  The
        headings in this Agreement are for convenience of reference only and shall
        not
        limit or other­wise affect the meaning hereof.

      

      6.10        Shares
        Held by the Company and its Affiliates.  Whenever the consent
        or approval of Holders of a specified percentage of Registrable Securities
        is
        required hereunder, the Registrable Securities held by the Company or its
        Affiliates (other than any Holder or transferees or successors or assigns
        thereof if such Holder is deemed to be an Affiliate solely by reason of its
        holdings of such Registrable Securities) shall not be counted in determining
        whether such consent or approval was given by the Holders of such required
        percentage.

      

      6.11        Independent
        Nature ofHolders' Obligations and Rights.

      

      The
        Holder who is a party to this Agreement, acknowledges that the Company is
        entering into substantially identical agreements with other holders of the
        Company’s Registrable Securities; each such agreement being deemed a separate
        and independent agreement between the Company and such other Holders, except
        that each Holder acknowledges and consents to the rights granted to each
        other
        Holder under such agreements. The obligations of each Holder hereunder are
        several and not joint with the obligations of any other Holder hereunder,
        and
        neither Holder shall be responsible in any way for the performance of the
        obligations of any other Holder hereunder.  Nothing contained herein
        or in any other agreement or document delivered at any closing, and no action
        taken by any Holder pursuant hereto or thereto, shall be deemed to constitute
        the Holders as a partnership, an association, a joint venture or any other
        kind
        of entity, or create a presumption that the Holders are in any way acting
        in
        concert with respect to such obligations or the transactions contemplated
        by
        this Agreement.  Each Holder shall be entitled to protect and enforce
        its rights, including without limitation the rights arising out of this
        Agreement, and it shall not be necessary for any other Holder to be joined
        as an
        additional party in any Proceeding for such purpose.

      

      6.12.       Entire Agreement.  This
        Agreement, together with all the exhibits hereto, constitutes and contains
        the
        entire agreement and understanding of the parties with respect to the subject
        matter hereof and supersedes any and all prior negotiations, correspondence,
        agreements, understandings, duties or obligations between the parties respecting
        the subject matter hereof.

      

      6.13        Third Parties.  Nothing
        in this Agreement, express or implied, is intended to confer upon any person,
        other than the parties hereto and their successors and assigns, any rights
        or
        remedies under or by reason of this Agreement.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      6.14        Costs and Attorneys’ Fees.  In
        the event that any action, suit or other proceeding is instituted concerning
        or
        arising out of this Agreement or any transaction contemplated hereunder,
        the
        prevailing party shall recover all of such party’s costs and attorneys’ fees
        incurred in each such action, suit or other proceeding, including any and
        all
        appeals or petitions therefrom.

      

      6.15        Adjustments for Stock Splits
        and Certain Other Changes.  Wherever in this Agreement there
        is a reference to a specific number of shares of Common Stock or Preferred
        Stock
        of the Company of any class or series, then, upon the occurrence of any
        subdivision, combination or stock dividend of such class or series of
        stock, the specific number of shares so referenced in this Agreement shall
        automatically be proportionally adjusted to reflect the effect on the
        outstanding shares of such class or series of stock by such subdivision,
        combination or stock dividend.

      

      6.16      
        Rule 144 Reporting.With
        a view to making available the benefits of certain rules and regulations
        of the
        Commission which may at any time permit the sale of the Registrable Securities
        to the public without registration, the Company agrees to:

      

      (a)           make
        and keep public information available, as those terms are understood and
        defined
        in Rule 144 under the Securities Act, at all times during the Effectiveness
        Period; and

      

      (b)           use
        its best efforts to file with the SEC in a timely manner all reports and
        other
        documents required of the Company under the Securities Act and the Exchange
        Act
        during the Effectiveness Period.

       

      6.17           Governing
        Law. The
        corporate laws of the State of Delaware shall govern all issues concerning
        the
        relative rights of the Company and its shareholders. All other questions
        concerning the construction, validity, enforcement and interpretation of
        this
        Agreement shall be governed by the internal laws of the State of New York,
        without giving effect to any choice of law or conflict of law provision or
        rule
        (whether of the State of New York or any other jurisdictions) that would
        cause
        the application of the laws of any jurisdictions other than the State of
        New
        York.  Each party hereby irrevocably submits to the exclusive
        jurisdiction of the state and federal courts sitting in the City of New York,
        for the adjudication of any dispute hereunder or in connection herewith or
        therewith, or with any transaction contemplated hereby or discussed herein,
        and
        hereby irrevocably waives, and agrees not to assert in any suit, action or
        proceeding, any claim that it is not personally subject to the jurisdiction
        of
        any such court, that such suit, action or proceeding is brought in an
        inconvenient forum or that the venue of such suit, action or proceeding is
        improper.  Each party hereby irrevocably waives personal service of
        process and consents to process being served in any such suit, action or
        proceeding by mailing a copy thereof to such party at the address for such
        notices to it under this 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.  EACH PARTY HEREBY IRREVOCABLY
        WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR
        THE
        ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING
        OUT
        OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      [SIGNATURES
        APPEAR ON THE FOLLOWING PAGE]

      

      [BALANCE
        OF THIS PAGE INTENTIONALLY LEFT BLANK]

      
        

        
          
            
            

          

          
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              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

         

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this Registration
        Rights Agreement as of the dates and year set forth opposite their respective
        names.

      
        	
                 

                EFFECTIVE
                  DATE:

              	
                 

                 

                 

                Power
                  of the Dream Ventures, Inc.

              
	 	
                By:

              
	 	
                 Name:     Viktor
                  Rozsnyay

                 Title:       President

              
	 	
                Telephone:
                  +36-1-456-6061

              
	 	
                Facsimile:   +36-1-456-6062

              
	 	 

      

      

      

      

      
        	
                Execution
                  Date:

              	
                Purchaser:

                 

              
	 	
                Signed:

              
	 	
                Printed:

              
	 	
                Title
                  (if applicable):

              
	 	
                 

                Address:

                 

                 

              
	 	
                Telephone:

              
	 	
                Facsimile:

              

      

      
        

        
          
            
            

          

          
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              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

         

      

      Exhibit
        A

      

      Plan
        of Distribution

      

      Each
        Selling Stockholder, or his pledgees, assignees and successors-in-interest
        of
        the common stock may, from time to time, sell any or all of their shares
        of
        common stock on the Over-the-Counter Bulletin Board or any other stock exchange,
        market or trading facility on which the shares are traded or in private
        transactions. These sales may be at fixed or negotiated prices. A Selling
        Stockholder may use any one or more of the following methods when selling
        shares:

      

      
        	
                 

              	
                

              	
                ordinary
                  brokerage transactions and transactions in which the broker-dealer
                  solicits purchasers;

              

      

      

      
        	
                 

              	
                

              	
                block
                  trades in which the broker-dealer will attempt to sell the shares
                  as agent
                  but may position and resell a portion of the block as principal
                  to
                  facilitate the transaction;

              

      

      

      
        	
                 

              	
                

              	
                purchases
                  by a broker-dealer as principal and resale by the broker-dealer
                  for its
                  account;

              

      

      

      
        	
                 

              	
                

              	
                an
                  exchange distribution in accordance with the rules of the applicable
                  exchange;

              

      

      

      
        	
              	
                

              	
                privately
                  negotiated transactions;

              

      

      

      
        	
                 

              	
                

              	
                settlement
                  of short sales entered into after the effective date of the registration
                  statement of which this prospectus is a
                  part;

              

      

      

      
        	
                 

              	
                

              	
                broker-dealers
                  may agree with the Selling Stockholders to sell a specified number
                  of such
                  shares at a stipulated price per
                  share;

              

      

      

      
        	
                 

              	
                

              	
                through
                  the writing or settlement of options or other hedging transactions,
                  whether through an options exchange or
                  otherwise;

              

      

      

      
        	
              	
                

              	
                a
                  combination of any such methods of sale;
                  or

              

      

      

      
        	
              	
                

              	
                any
                  other method permitted pursuant to applicable
                  law.

              

      

      

      The
        Selling Stockholders may also sell shares under Rule 144 under the Securities
        Act of 1933, as amended (the “Securities Act”), if available,
        rather than under this prospectus.

      

      The
        Selling Stockholders may sell their shares directly to purchasers or to or
        through broker-dealers, which may act as agents or principals. These
        broker-dealers may receive compensation in the form of discounts, concessions
        or
        commissions from the Selling Stockholders. They may also receive compensation
        from the purchasers of our common stock for whom such broker-dealers may
        act as
        agents or to whom they sell as principal, or both (which compensation as
        to a
        particular broker-dealer might be in excess of customary
        commissions).

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      Broker-dealers
        engaged by the Selling Stockholders may arrange for other brokers-dealers
        to
        participate in sales. Broker-dealers may receive commissions or discounts
        from
        the Selling Stockholders (or, if any broker-dealer acts as agent for the
        purchaser of shares, from the purchaser) in amounts to be negotiated, but,
        except as set forth in a supplement to this Prospectus, in the case of an
        agency
        transaction not in excess of a customary brokerage commission in compliance with NASDR
        Rule 2440; and in the
        case of a principal transaction a markup or markdown in compliance with NASDR
        IM-2440.

      

      In
        connection with the sale of the common stock or interests therein, the Selling
        Stockholders may enter into hedging transactions with broker-dealers or other
        financial institutions, which may in turn engage in short sales of the common
        stock in the course of hedging the positions they assume. The Selling
        Stockholders may also sell shares of the common stock short and deliver these
        securities to close out their short positions, or loan or pledge the common
        stock to broker-dealers that in turn may sell these securities. The Selling
        Stockholders may also enter into option or other transactions with
        broker-dealers or other financial institutions or the creation of one or
        more
        derivative securities which require the delivery to such broker-dealer or
        other
        financial institution of shares offered by this prospectus, which shares
        such
        broker-dealer or other financial institution may resell pursuant to this
        prospectus (as supplemented or amended to reflect such
        transaction).

      

      The
        Selling Stockholders and any broker-dealers or agents that are involved in
        selling the shares may be deemed to be “underwriters” within the meaning of the
        Securities Act in connection with such sales. In such event, any commissions
        received by such broker-dealers or agents and any profit on the resale of
        the
        shares purchased by them may be deemed to be underwriting commissions or
        discounts under the Securities Act. Each Selling Stockholder has informed
        the
        Company that it does not have any written or oral agreement or understanding,
        directly or indirectly, with any person to distribute the Common Stock. In
        no
        event shall any broker-dealer receive fees, commissions and markups which,
        in
        the aggregate, would exceed eight percent (8%).

      

      The
        Selling Stockholders will pay all commissions, transfer taxes and other expenses
        associated with their sales. The shares offered hereby are being registered
        pursuant to our contractual obligations, and we have agreed to pay the expenses
        of the preparation of this prospectus.

      

      Because
        Selling Stockholders may be deemed to be “underwriters” within the meaning of
        the Securities Act, they will be subject to the prospectus delivery requirements
        of the Securities Act including Rule 172 thereunder. In addition, any securities
        covered by this prospectus which qualify for sale pursuant to Rule 144 under
        the
        Securities Act may be sold under Rule 144 rather than under this prospectus.
        There is no underwriter or coordinating broker acting in connection with
        the
        proposed sale of the resale shares by the Selling Stockholders.

      
        
          

          
            
              
              

            

            
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                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      The
        Selling Stockholders
        have advised us that they have not
        entered into agreements, understandings or arrangements with any underwriters
        or
        broker-dealers regarding the sale of their shares. The Selling Stockholders
        do not have an underwriter or
        coordinating broker acting in connection with the proposed sale of our common
        stock. There is no over-allotment option and no shares will be sold by
        us.

      

      We
        agreed
        to keep this prospectus effective until the earlier of (i) the date on which
        the
        shares may be resold by the Selling Stockholders without registration and
        without regard to any volume limitations by reason of Rule 144(k) under the
        Securities Act or any other rule of similar effect, (ii) all of the shares
        have
        been sold pursuant to this prospectus or Rule 144 under the Securities Act
        or
        any other rule of similar effect, or (iii) two years from the date that the
        registration statement of which this prospectus is part was ordered effective
        by
        the Commission.

      

      The
        resale shares will be sold only through registered or licensed brokers or
        dealers if required under applicable state securities laws. In addition,
        in
        certain states, the resale shares may not be sold unless they have been
        registered or qualified for sale in the applicable state or an exemption
        from
        the registration or qualification requirement is available and is complied
        with.

      

      We
        have informed the Selling Stockholders that the
        anti-manipulation rules of the Commission, including Regulation M promulgated
        under the Securities Exchange Act of 1934 will apply to its sales in the
        market,
        and we have informed the other Selling Stockholders that these anti-manipulation
        rules may apply to their sales in the market.

      

      Regulation
        M may limit the timing of purchases and sales of any of the shares of our
        common
        stock by the Selling Stockholders and any other person distributing our common
        stock. The anti-manipulation rules under the Securities Exchange Act of 1934
        may
        apply to sales of shares of our common stock in the market and to the activities
        of the Selling Stockholders and their affiliates. Furthermore, Regulation
        M of
        the Securities Exchange Act may restrict the ability of any person engaged
        in
        the distribution of shares of our common stock to engage in market-making
        activities with respect to the particular shares of common stock being
        distributed for a period of up to five business days prior to the commencement
        of such distribution. All of the foregoing may affect the marketability of
        our
        common stock and the ability of any person or entity to engage in market-making
        activities with respect to our common stock.

      

      Rules
        101
        and 102 of Regulation M under the Securities Exchange Act of 1934, among
        other
        things, generally prohibit certain participants in a distribution from bidding
        for or purchasing for an account in which the participant has a beneficial
        interest, any of the securities that are the subject of the distribution.
        Rule
        104 of Regulation M governs bids and purchases made to stabilize the price
        of a
        security in connection with a distribution of the security.

      
        

        
          
            
            

          

          
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              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

         

      

      Exhibit
        B

      

      POWER
        OF THE DREAM VENTURES, INC.

      

      Selling
        Stockholder Notice and Questionnaire

      

      
        	
                To:

              	
                Power
                  of the Dream Ventures, Inc.

              
	 	 
	 	
                1095
                  Budapest

              
	 	
                Soroksari
                  ut 94-96

              
	 	
                Hungary

              
	 	
                +36-1-456-6061

              
	 	 
	 	
                Attention:        President

              

      

      

      

      The
        undersigned beneficial owner (the “Selling Stockholder”) of
        [---] shares of common stock (the “Registrable Securities”) of
Power of the Dream Ventures, Inc. a
        Delaware corporation (the “Company”), understands that the
        Company has filed or intends to file with the Securities and Exchange Commission
        (the “Commission”) a registration statement (the
“Registration Statement”) for the registration and resale under
        Rule 415 of the Securities Act of 1933, as amended (the “Securities
        Act”), of the Registrable Securities, in accordance with the terms of
        the Registration Rights Agreement (the “Registration Rights
        Agreement”) to which this document is annexed. A copy of the
        Registration Rights Agreement is available from the Company upon request
        at the
        address set forth below. All capitalized terms not otherwise defined herein
        shall have the meanings ascribed thereto in the Registration Rights
        Agreement.

      

      Your
        responses to the questions set forth in the Questionnaire will be utilized
        in
        connection with the preparation of a Registration Statement.  The
        information requested in the Questionnaire is for your protection and that
        of
        the Company.  The information supplied in response to the
        Questionnaire will be used to assure that the information included in the
        Registration Statement will be correct.  Accordingly, great care
        should be exercised in completing the Questionnaire.

      

      Certain
        legal consequences arise from being named as a selling security holder in
        the
        Registration Statement and the related prospectus. Accordingly, holders and
        beneficial owners of Registrable Securities are advised to consult their
        own
        securities law counsel regarding the consequences of being named or not being
        named as a selling security holder in the Registration Statement and the
        related
        prospectus. Certain terms used in the Questionnaire are italicized, and
        definitions of such italicized terms are provided in Annex
        A to the Questionnaire.

      
        
          

          
            
              
              

            

            
              Page
                21 of
                30

              
                

              

            

            
              
                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      

      NOTICE

       

      The
        undersigned Selling Stockholder of Registrable Securities hereby elects to
        include the Registrable Securities owned by it in the Registration Statement.
        In
        connection therewith, the undersigned hereby provides the
        following information to the Company and represents and warrants that such
        information is accurate.

      

      

      QUESTIONNAIRE

       

      1.           
        Name.

       

      
        	
                (a)

              	
                Full
                  Legal Name of Selling Stockholder

              

      

       

      
        	
                      

              
	
                 

              

      

      

      
        	
                (b)

              	
                Full
                  Legal Name of Registered Holder (if not the same as (a) above)
                  through
                  which Registrable Securities are
                  held:

              

      

       

      
        	
                    

              
	 
	
                 

              

      

      

      
        	
                (c)

              	
                Full
                  Legal Name of Natural Control Person (which means a natural person
                  who
                  directly or indirectly alone or with others has power to vote or
                  dispose
                  of the securities covered by the
                  questionnaire):

              

      

      

      
        	 
	
                      

              
	
                 

              

      

      

      2.         
        Address for Notices to Selling Stockholder:

       

      
        	
                Address:

              
	
                   

              
	
                   

              
	
                    

              
	
                Telephone: 

              
	 
	
                Fax: 

              
	 
	
                Contact
                  Person: 

              
	 

      

      
        
          

          
            
              
              

            

            
              Page
                22 of
                30

              
                

              

            

            
              
                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      3.
        Share Ownership.  Please identify the number of shares of the
        Company, or any of its parents or any subsidiary's equity securities that
        you
        beneficially own as of the date of the Questionnaire. Include all shares
        of the
        Company’s securities which are (i) registered in your name, including shares
        registered in your name as trustee, executor, custodian, pledgee, agent or
        nominee, either alone or with others, (ii) owned beneficially by you or any
        associate of yours, or (iii) registered in the name of a nominee or in street
        name, including any such shares held for the account of any of the
        above.

      

      

      
        	
                Name
                  and Address of Record Owner

              	
                Type
                  of Security

              	
                No.
                  of Shares and

                %
                  of Class

              	
                Type
                  of Ownership

                (trust,
                  partnership,

                direct,
                  personal, etc.)

              
	
                 

              	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

      

       

      4.   
        Rights to Acquire Shares.  Please identify on the following
        table the number of shares of the Company’s equity securities which you have the
        right to acquire (including stock options, warrants, conversion or otherwise)
        within (60) days of the proposed effective date.  Include in this
        table all rights to acquire the Company’s securities which are (i) registered in
        your name, including shares registered in your name as trustee, executor,
        custodian, pledgee, agent or nominee, either alone or with others, (ii) owned
        beneficially by you or any associate of yours, or (iii) registered in the
        name
        of a nominee or in a street name, including any such shares held for the
        account
        of the above.

      

      
        	
                Name
                  of Record Owner

              	
                Type
                  of Security

              	
                Number
                  of Shares

              	
                Type
                  of Ownership

                (trust,
                  partnership,

                direct,
                  personal, etc.)

              
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

      

      
        
          

          
            
              
              

            

            
              Page
                23 of
                30

              
                

              

            

            
              
                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      5.   Disclaimer
        of Beneficial Ownership.  Do you wish to disclaim shares
        beneficially owned and reported above for purposes other than for use in
        the
        Registration Statement?

      

      ANSWER:                                YES                                NO

      

      NOTE:
        You
        may wish to consult with counsel regarding this disclaimer as it may be
        important not only in connection with securities laws, but also because,
        without
        it, your reporting the ownership of such shares might be construed as an
        admission of ownership for other purposes, such as short swing trading
        liabilities.

      

      If
“yes,”
        please provide the information requested in the following table with respect
        to
        the person(s) who should be shown as the beneficial owner(s) of the shares
        in
        question:

       

      
        	
                Class
                  of Stock

              	
                Number
                  of Shares

                Beneficially
                  Owned

              	
                Name
                  of Actual

                Beneficial
                  Owner

              	
                Relationship
                  of Such

                Person
                  to You

              
	 	 	 	 
	 	 	 	 
	 	 	 	 

      

       

      Please
        explain the nature of any indirect ownership (i.e., “as trustee for
        children,” “by wife,” “by Trust,” "through partnership," "through limited
        liability company," etc.):

       

      6.
        Broker-Dealer Status:

       

      (a)           Are
        you an NASD member, a person associated or affiliated with an NASD member
        or an
        underwriter or related person with respect to the proposed public
        offering?

      

      Yes                       No
        

      

      Please
        identify any NASD member with
        whom you are associated or affiliated and describe your relationship to that
        member.  If you are a “private investment group,” such as a hedge
        fund, investment partnership or other group of purchasers, please answer
        this
        question to the best of your knowledge not only with respect to yourself
        but
        also with respect to all persons comprising such group since those persons
        are
        considered by the NASD to be the beneficial owners of the Company’s securities
        held by the group.

      
        
          

          
            
              
              

            

            
              Page
                24 of
                30

              
                

              

            

            
              
                07
                  05
                  01--Power of the Dream Ventures, Inc.

                Registration
                  Statement Related to the

                Subscription
                  Agreement-Share Offering

                Reference
                  Date: May 1, 2007

              

            

          

           

        

      

      (b)          If
        you answered “yes” to Section 3(a), did you receive your
        Registrable Securities as compensation for investment banking services to
        the
        Company?

       

      Yes      No

      

      (c)          Are
        you an affiliate of a broker-dealer?

      
         

        Yes      No

        
(d)          If you
          are an affiliate of a broker-dealer, do you certify that you bought the
          Registrable Securities in the ordinary course of business, and at the time
          of
          the purchase of the Registrable Securities to be resold, you had no agreements
          or understandings, directly or indirectly, with any person to distribute
          the
          Registrable Securities?

      

      
         

        Yes      No

        
7. Relationships with the Company:

      

       

      (a)           Except
        as set forth below, neither the undersigned nor any of its affiliates, officers,
        directors, family members, or principal equity holders (owners of 5% of more
        of
        the equity securities of the undersigned) has held any position or office
        or has
        had any other material relationship with the Company (or its predecessors
        or
        affiliates) during the past three years.

       

      State
        any
        exceptions here:

       

      
        	
                   

              
	 
	 
	 
	
                   

              
	
                   

              

      

       

      (b)           Please
        state whether you know of any arrangements made or to be made by any person,
        or
        any transaction already effected:

       

      
        	
                 

              	
                ·

              	
                to
                  limit or restrict the sale of common stock during the period of
                  the
                  offering of the common stock to be registered by the Registration
                  Statement;

              

      

       

      
        	
                 

              	
                ·

              	
                to
                  stabilize the market for the common stock;
                  or

              

      

       

      
        	
                 

              	
                ·

              	
                to
                  withhold commissions or otherwise to hold each underwriter or dealer
                  responsible for the distribution of his participation in the contemplated
                  offering of the common stock.

              

      

      
        

        
          
            
            

          

          
            Page
              25 of
              30

            
              

            

          

          
            
              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

      

      

      (c)           Interest
        in Any Transaction.

       

      (i)           Did
        you, any member of your immediate family or any of your
associateshave a direct or indirect material interest in any
        transaction or series of similartransactions in which the amount involved
        exceeded $60,000 (computed without regard to the amount of profit or loss
        involved in the transaction) during the Company’s Current Fiscal Year or the
        Company’s last completed fiscal years  to which the Company or any
subsidiary was a party?

       

      (ii)           Will
        you, any member of your immediate family or any of your
associateshave a direct or indirect material interest in any
        currently proposed transaction orseries of transactions in which the amount
        involved exceeds $60,000 (computed without regard to the amount of profit
        or
        loss involved in the transaction), to which the Company or any subsidiary
will be a party?

      

      Yes                       No
        

      

      If
“yes,”
        please describe.

      

      (d)           Have
        you entered into agreements, understandings or arrangements with any
        underwriters or broker-dealers regarding the sale of your shares?

      

      Yes                       No
        

      

      If
“yes,”
        please describe.

       

      (e)           Have
        you engaged an underwriter or coordinating broker to act in connection with
        the
        proposed sale of your shares?

      

      Yes                       No
        

      

      If
“yes,”
        please describe.

      
        

        
          
            
            

          

          
            Page
              26 of
              30

            
              

            

          

          
            
              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

      

      

      7.           General

       

      The
        regulations of the Commission require that, if otherwise disclosable, the
        information you have furnished in response to the questions above be included
        in
        the Registration Statement.  If you know of any additional information
        necessary to make the answers you have given above not misleading in the
        light
        of the circumstances under which your answers were made, please disclose
        in
        additional sheets and attach to this Questionnaire.

      

      {Balance
        of the Page is Blank}

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          Page
            27 of
            30

          
            

          

        

        
          
            07
              05
              01--Power of the Dream Ventures, Inc.

            Registration
              Statement Related to the

            Subscription
              Agreement-Share Offering

            Reference
              Date: May 1, 2007

          

        

      

      Acknowledgements

      

      The
        undersigned hereby agrees to notify the Company promptly of any inaccuracies
        or
        changes in the foregoing information which should be made as a result of
        any
        developments, including the passage of time.

      

      The
        understands and acknowledges that the Company will rely on the information
        set
        forth herein for purposes of preparing and filing the Registration Statement
        covering an underwritten public offering of the Company’s securities. By signing
        below, the undersigned consents to the disclosure of the information contained
        herein in its answers to Items 1 through 5 and the inclusion of such information
        in the Registration Statement and the related prospectus and any amendments
        or
        supplements thereto. The undersigned understands that such information will
        be
        relied upon by the Company in connection with the preparation or amendment
        of
        the Registration Statement and the related prospectus.

      

      The
        understands that material misstatements or the omission of material facts
        in the
        Registration Statement may give rise to civil and criminal liabilities to
        the
        Company, to each officer and director of the Company signing the Registration
        Statement and other persons signing the Registration Statement. I will notify
        the Company and its legal counsel (Sierchio Greco & Greco,
        LLP) of any misstatement of a material fact in the Registration
        Statement or any amendment thereto, and of the omission of any material fact
        necessary to make the statements contained therein not misleading, as soon
        as
        practicable after a copy of the Registration Statement or any such amendment
        has
        been provided to me.  I will promptly notify the Company and its legal
        counsel (Sierchio Greco & Greco, LLP) of any change in the
        foregoing information which occurs prior to the effective date of the
        Registration Statement.

       

      IN
        WITNESS WHEREOF the undersigned, by authority duly given, has caused
        this Notice and Questionnaire to be executed and delivered either in person
        or
        by its duly authorized agent.

      

      
        	
                Name
                  of  Selling

                Stockholder:

              	 	
                Dated:

              
	
                 

                By:

              	 
	
                Name:

              	 
	
                Title:

              	 

      

      

      PLEASE
        FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND

      QUESTIONNAIRE,
        AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

       

      Sierchio
        Greco & Greco, LLP

      720
        Fifth Avenue

      New
        York, New York 10019

      Telephone:
        (212)246-3030

      Facsimile:
        (212) 246-2225

      

      Attention:                      Joseph
        Sierchio, Esq.

      
        

        
          
            
            

          

          
            Page
              28 of
              30

            
              

            

          

          
            
              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

      

      

      ANNEX
        A

      

      Definitions

      

      The
        term
“affiliate” means a person or entity that directly or
        indirectly through one or more intermediaries, controls, or is controlled
        by, or
        is under common control with, another person.

      

      The
        term
“arrangement” means any plan, contract, authorization or
        understanding, whether or not set forth in a formal document.

      

      The
        term
“associate” as used throughout the Questionnaire, means
        (a) any corporation or organization (other than the Company or any
        subsidiary) of which you are an officer, director, member or partner or of
        which
        you are, directly or indirectly, the beneficial owner of 5% or more of any
        class
        of equity securities, (b) any trust or other estate in which you have a
        substantial beneficial interest or as to which you serve as trustee or in
        a
        similar capacity, (c) your spouse, (d) any relative of your spouse or
        any relative of yours who has the same home as you or who is a director or
        officer or key executive of the Company or any subsidiary, (e) any partner,
        syndicate member or person with whom you have agreed to act in concert with
        respect to the acquisition, holding, voting or disposition of shares of the
        Company’s securities.

      

      The
        term
“beneficially,” when used in connection with the ownership of
        securities, means (a) any interest in a security which entitles you to any
        of the rights or benefits of ownership even though you may not be the owner
        of
        record or (b) securities owned by you directly or indirectly, including
        those held by you for your own benefit (regardless of how registered) and
        securities held by others for your benefit (regardless of how registered),
        such
        as by custodians, brokers, nominees, pledges, etc., and including securities
        held by an estate or trust in which you have an interest as legatee or
        beneficiary, securities owned by a partnership of which you are a partner,
        securities held by a personal holding company of which you are a shareholder,
        shares held by a public company of which you are a director, officer or holder
        of more than a 5% interest, and securities held in the name of your spouse,
        minor children and any relative of yours (sharing the same home) or your
        spouse.

      

      A
        “beneficial owner” of a security includes any person who,
        directly or indirectly, through any contract, arrangement, understanding,
        relationship or otherwise has or shares:

      

      (1)           voting
        power which includes the power to vote, or to direct the voting of, such
        security; and/or

      

      (2)           investment
        power which includes the power to dispose, or to direct the disposition,
        of such
        security.

       

      
        
          
            
            

          

          
            Page
              29 of
              30

            
              

            

          

          
            
              07
                05
                01--Power of the Dream Ventures, Inc.

              Registration
                Statement Related to the

              Subscription
                Agreement-Share Offering

              Reference
                Date: May 1, 2007

            

          

        

      

       

      The
        term
“Commission” as used herein refers to the United States
        Securities and Exchange Commission.

       

      The
        term
“control” means the possession, directly or indirectly, of the
        power to direct or cause the direction of the management and policies of
        the
        person specified, whether through the ownership of voting securities, by
        contract or otherwise.

       

      A
        “control person” of a specified person is a person that directly or
        indirectly through one or more intermediaries, controls
        the person specified.

       

      The
        term
“executive officer(s)” means the president, any vice president
        in charge of a principal business unit, division or function (such as sales,
        administration or finance), any other officer who performs a policy making
        function or any person who performs similar policy making functions for the
        Company (or other entity that may be indicated).

       

      The
        term
“family relationship” means any relationship by blood, marriage
        or adoption, not more remote than first cousin.

       

      The
        term
“immediate family” includes the spouse; parents; children;
        siblings; mothers and fathers-in-law; sons and daughters-in-law; and brothers
        and sisters-in-law of the person specified.

       

      The
        term
“material relationship” has not been defined by the
        SEC.  However, the SEC has indicated that it will probably construe as
        a “material relationship” any relationship which tends to prevent arms-length
        bargaining in dealings with a company, whether arising from a close business
        connection or family relationship, a relationship of control or
        otherwise.  It seems prudent, therefore, to consider that you would
        have such a relationship, for example, with any organization of which you
        are an
        officer, director, trustee or partner or in which you own, directly or
        indirectly, 5% or more of the outstanding voting stock, or in which you have
        some other substantial interest, and with any person or organization with
        whom
        you have, or with whom any relative or spouse (or any other person or
        organization as to which you have any of the foregoing other relationships)
        has,
        a contractual relationship.

       

      

      The
        NASD
        defines a “member” as being any broker or dealer or individual,
        partnership, corporation or other legal entity admitted to membership in
        the
        NASD or any officer or partner of such a member, or the executive representative
        of such a member or the substitute for such representative.

       

       

      Page
        30 of
        30

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