Document:

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                                                                    EXHIBIT 10.2

                                ESCROW AGREEMENT

         THIS ESCROW AGREEMENT, made and entered into this day of          ,
2004, by and among Collins Growth & Income Fund, LLC, a Delaware limited
liability company ("CGIF"), and American Bank of Commerce, a State chartered
banking association (the "Bank" or the "Escrow Agent");

                                WITNESSETH THAT:

         WHEREAS, CGIF proposes to issue and sell up to 25,000 Membership
Interests (the "Membership Units"), at a subscription price of $1,000.00 per
unit, directly on a best efforts basis.

         WHEREAS, CGIF desires to establish an escrow account with the Escrow
Agent into which subscription proceeds and related documents will be deposited
promptly and held in escrow until the offering of Membership Units is terminated
or until the minimum $2,500,000 of subscription proceeds in immediately
available funds (representing 2,500 Membership Units) have been obtained from
subscribers whose subscriptions have been accepted by CGIF (herein, the "Minimum
Amount"); and

         WHEREAS, CGIF entered into a Placement Agent Agreement dated ________,
2004, with _________________, a member of the National Association of Securities
Dealers, Inc. (the "Placement Agent") and the Placement Agent also may enter
into one or more Selected Dealer Agreements pursuant to which various members of
the National Association of Securities Dealers, Inc. (the Placement Agent and
the various members are sometimes collectively referred to herein as the
"Dealers") will offer the Membership Units for sale for and on behalf of CGIF on
a best efforts basis; and

         WHEREAS, the Placement Agent Agreement requires the Placement Agent to
promptly deposit subscription proceeds and related documents into said escrow
until the offering of Membership Units is terminated; and

         WHEREAS, if the Placement Agent does so enter into one or more Selected
Dealer Agreements with such Dealers pursuant to which the Dealers will offer the
Membership Units for sale for and on behalf of CGIF, said agreements will
require the Dealers promptly to deposit subscription proceeds and related
documents into said escrow until the offering of Membership Units is terminated;
and

         WHEREAS, CGIF desires to have the Bank deposit such funds in an escrow
account until the termination of the offering of Membership Units, and the Bank
has agreed to serve as Escrow Agent for such purpose.

         NOW, THEREFORE, for and in consideration of the covenants and
agreements set forth below, the parties agree as follows:

         1. APPOINTMENT OF ESCROW AGENT; DELIVERY OF FUNDS TO ESCROW ACCOUNT.

         CGIF hereby appoints the Bank as Escrow Agent to receive and hold all
proceeds from the sale of Membership Units for the term of this Agreement, and
to invest the same, along with all earned interest, in such manner as it shall
be directed to in writing by the CGIF, except that prior to the Initial
Disbursement (as hereinafter defined) of funds in accordance with Section 3, all
proceeds shall be cleared and held in a U.S. Bank Business Money Market Account,
which is FDIC insured. All subscription checks must be payable to "American Bank
of Commerce--Collins Growth & Income Fund, LLC Acceptance Escrow." CGIF and the
Dealers shall transmit all subscription checks for Membership Units to the
Escrow Agent, or return unaccepted checks to subscribers, as soon as
practicable, but in any event by the end of the second business day following
receipt of such checks by the Dealer.

         2. IDENTITY OF SUBSCRIBERS: OWNERSHIP OF FUNDS DEPOSITED.

         CGIF, if it makes sales directly, or the Dealers shall deliver to the
Escrow Agent, with each deposit of checks, a list that contains the names and

<PAGE>

addresses of all persons who have subscribed for Membership Units, the amount of
money tendered by each subscriber and the date on which the funds were received
from each subscriber. The Escrow Agent shall hold all funds received for the
individual account of each subscriber identified by CGIF or the Dealers. The
funds, as well as any interest or income earned thereon, shall remain the
property of the subscribers until released to CGIF as hereinafter provided, and
shall not be subject to any liens by the Escrow Agent or judgments or claims
against CGIF or the Dealers.

         3. COLLECTED FUNDS; DISBURSEMENT OF FUNDS.

         (a) No subscription proceeds shall be disbursed pursuant to this
Section 3 until the Escrow Agent receives such subscription proceeds in
immediately available funds. If, upon presentment for payment, any payment
instrument is dishonored, the Escrow Agent shall immediately notify CGIF of such
dishonor and return such payment instrument to CGIF.

         (b) If the Escrow Agent has not received, on or before the date
designated for the sale of the Minimum Amount, as set forth in CGIF's
Registration Statement on Form SB-2 filed with the Securities and Exchange
Commission on February 24, 2004, as amended (the "Initial Closing Date"), then
the Escrow Agent shall refund to subscribers the face amount of payments made in
subscription for Membership Units, together with his or her pro-rata share of
interest or income, if any, earned on the funds deposited in escrow. Unless
instructed otherwise, the Escrow Agent shall release all subscription proceeds
held in the Escrow Account to each Subscriber respectively, at the address given
by such Subscriber in the Subscription Agreement. All disbursements by the
Escrow Agent pursuant to this Section 3(a) shall be made by the Escrow Agent's
usual escrow checks and shall be mailed by first class United States Postal
Service mail, postage pre-paid, as soon as practicable but not later than the
third business day after the Termination Date.

         (c) If the Escrow Agent has received the Minimum Amount on or before
the Initial Closing Date, all interest on funds held in the Escrow Account shall
be for the account of CGIF and the Escrow Agent shall disburse ("Initial
Disbursement") to CGIF, pursuant to written instruction from CGIF, substantially
in the form attached hereto as Exhibit A, all of the subscription proceeds held
in the Escrow Account in immediately available funds, together with such
interest.

         (d) If the Escrow Agent receives additional subscription proceeds in
immediately available funds after the Initial Disbursement has been made, then
the Escrow Agent shall disburse the subscription proceeds to CGIF upon written
instruction from CGIF, substantially in the Form attached hereto as Exhibit A.
All subscription proceeds upon which acceptance remains pending shall be held by
the Escrow Agent for disbursement in accordance with the direction contained in
the next succeeding notice. If the Escrow Agent does not receive notice from
CGIF by the Termination Date with respect to any subscriber's subscription
proceeds, then the Escrow Agent shall refund to each of those subscribers the
face amount of payments made in subscription for his or her Membership Units,
together with his or her pro-rata share of interest or income, if any, earned on
the funds deposited in escrow. Unless instructed otherwise, the Escrow Agent
shall release all subscription proceeds held in the Escrow Account to each
Subscriber respectively, at the address given by such Subscriber in the
Subscription Agreement. All disbursements by the Escrow Agent pursuant to this
Section 3(d) shall be made by the Escrow Agent's usual escrow checks and shall
be mailed by first class United States Postal Service mail, postage pre-paid, as
soon as practicable but not later than the third business day after the
Termination Date.

         4. TERM OF ESCROW.

         This Agreement shall terminate two years following the effective date
of the registration statement relating to the Membership Units or on such
earlier date as all funds are released to CGIF as provided in Section 3 above,
provided, however, that if the Minimum Amount has not been received by the
Initial Closing Date, this Agreement shall terminate upon completion of the
Escrow Agent's disbursements to subscribers pursuant to Section 3(b). CGIF also
may terminate this Agreement at any time upon notice to the Escrow Agent that
CGIF has made a decision to terminate the offer and sale of Membership Units. As
used in this Agreement, "Termination Date," shall mean the date in which this
Agreement is terminated in accordance with this Section 5.

                                       2
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         5. FEE OF ESCROW AGENT.

         The Escrow Agent will receive a fee of $______ per year in exchange for
its services under this Agreement. If the conditions of this Agreement are not
promptly fulfilled, or if the Escrow Agent renders any service not provided for
in this Agreement, or if CGIF requests a substantial modification of its terms,
or if any controversy arises, or if the Escrow Agent is made a party to, or
intervenes in, any litigation pertaining to this escrow or its subject matter,
the Escrow Agent shall be reasonably compensated for such extraordinary services
and reimbursed for all costs, attorney's fees, and expenses occasioned by such
default, delay, controversy or litigation, and the Escrow Agent shall have the
right to retain all documents and/or things of value at any time held by the
Escrow Agent in this escrow until such compensation, fees, costs and expenses
are paid, up to the amount of such compensation, fees, costs and expenses.
Unless otherwise provided, the Escrow Agent may deduct such sums from the funds
deposited in the Escrow Account if the funds are to be disbursed to CGIF.

         6. REPRESENTATIONS OF ESCROW AGENT.

         The Escrow Agent represents and warrants that:

         (a) subscription proceeds deposited will be insured by the Federal
Deposit Insurance Corporation to the maximum extent and

         (b) it will distribute to subscribers within the time period prescribed
by the Internal Revenue Code of 1986, as amended, reports of all interest income
earned on escrowed funds.

         Except as provided in this Section 7, the sole duty of the Escrow Agent
shall be to receive funds from the sale of the Membership Units and hold them
for release in accordance with the terms of this Agreement.

         7. LIABILITY OF ESCROW AGENT.

         The Escrow Agent may conclusively rely upon and shall have no duty to
verify any statement, certificate, notice, request, consent, order or other
document believed by it to be genuine and to have been signed or presented by
the proper party or parties. The Escrow Agent shall be under no obligation to
institute or defend any action, suit or proceeding in connection with this
Agreement unless first indemnified to its satisfaction by CGIF. The Escrow Agent
may consult counsel with respect to any question arising under this Agreement,
and the Escrow Agent shall not be liable for any action taken or omitted in good
faith on advice of such counsel. All funds held by the Escrow Agent pursuant to
this Agreement shall constitute trust property for the purposes for which they
are held.

         8. CONTROVERSIES.

         If any controversy arises between the Parties to this Agreement, or
with any other Party, concerning the subject matter of this Agreement, its terms
or conditions, the Escrow Agent will not be required to determine the
controversy or to take any action regarding it. The Escrow Agent may hold all
documents and funds and may wait for settlement of any such controversy by final
appropriate legal proceedings or other means as, in the Escrow Agent's
discretion, the Escrow Agent may require, despite what may be set forth
elsewhere in this Agreement. In such event, the Escrow Agent will not be liable
for interest or damage. Furthermore, the Escrow Agent may at its option file an
action of interpleader requiring the Parties to answer and litigate any claims
and rights among themselves. The Escrow Agent is authorized to deposit with the
clerk of the court all documents and funds held in escrow, except all costs,
expenses, charges and reasonable attorney fees incurred by the Escrow Agent due
to the interpleader action and which the Company agrees to pay. Upon initiating
such action, the Escrow Agent shall be fully released and discharged of and from
all obligations and liability imposed by the terms of this Agreement.

         9. INDEMNIFICATION OF ESCROW AGENT.

         The Company and its successors and assigns agree jointly and severally
to indemnify and hold the Escrow Agent harmless against any and all losses,
claims, damages, liabilities, and expenses, including reasonable costs of
investigation, counsel fees, including allocated costs of in-house counsel and

                                       3
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disbursements that may be imposed on the Escrow Agent or incurred by the Escrow
Agent in connection with the performance of its duties under this Agreement,
including but not limited to any litigation arising from this Agreement or
involving its subject matter. The Escrow Agent shall have a first lien on the
property and papers held under this Agreement for such compensation and
expenses.

         10. INSPECTION OF RECORDS.

         CGIF may, at any time during regular business hours, inspect the
records of the Escrow Agent, insofar as they relate to this Agreement, for the
purpose of determining that the Escrow Agent is acting in compliance with the
provisions of this Agreement. Additionally, any State Securities Administrator
or Commissioner, may, at any time during regular business hours, inspect and
make copies of the records of the Escrow Agent, insofar as they relate to this
Agreement.

         11. RESIGNATION OR REMOVAL OF ESCROW AGENT

         The Escrow Agent may resign at any time upon giving at least thirty
(30) days written notice to CGIF. CGIF may remove the Escrow Agent, with or
without cause, at any time upon giving ten (10) days prior written notice to the
Escrow Agent. However, such resignation or removal shall not become effective
until the appointment of a successor escrow agent, which shall be accomplished
as follows: CGIF shall use its best efforts to obtain a successor escrow agent
within thirty (30) days after receiving a resignation notice or giving a removal
notice. If CGIF fails to appoint a successor escrow agent within such time, the
Escrow Agent shall have the right to appoint a successor escrow agent. The
resignation shall take effect upon the appointment of a successor escrow agent,
the successor escrow agent executing and delivering an instrument accepting such
appointment, and upon receipt, to their reasonable satisfaction, by CGIF and the
successor escrow agent, of a full accounting of all funds held and disbursed by
the Escrow Agent hereunder. Upon the occurrence of the above and without further
acts, the successor escrow agent shall be vested with all the estates,
properties rights, powers, and duties of the predecessor escrow agent as if
originally named as escrow agent. The predecessor escrow agent shall be
discharged from its duties and obligations under this Agreement, but shall not
be discharged from any liability hereunder for actions taken as escrow agent
hereunder prior to such succession. After any predecessor escrow agent's
resignation or removal, the provisions of this Agreement shall continue to apply
as to any actions taken or omitted to be taken by it while acting as escrow
agent under this Agreement.

         12. AUTOMATIC SUCCESSION.

         Upon CGIF's consent, any company into which the Escrow Agent may be
merged or with which it may be consolidated, or any company to whom the Escrow
Agent may transfer substantially all of its assets, shall be the successor to
the Escrow Agent without the execution or filing of any paper or any further act
on the part of any of the Parties, anything herein to the contrary
notwithstanding. The successor escrow agent shall be vested with all the
estates, properties, rights, powers, and duties of the predecessor escrow agent
as if originally named as escrow agent.

         13. BINDING EFFECT.

         The terms and conditions of this Agreement shall be binding upon the
parties hereto and their respective creditors, transferees, successors in
interest and assigns, whether by operation of law or otherwise.

         14. MISCELLANEOUS.

         (a) GOVERNING LAWS. This Agreement is to be construed and interpreted
according to Texas law.

         (b) FACSIMILE LANGUAGE. This Agreement may be executed in one or more
counterparts and all such executed counterparts may be delivered by facsimile
transmission, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         (c) NOTICES. All instructions, notices, and demands herein provided for
shall be in writing and shall be mailed postage prepaid, first class mail,
delivered by courier, or telecopies as follows:

                                       4
<PAGE>

         If to the Escrow Agent:

         American Bank of Commerce

         ----------------------------

         ----------------------------

         Attn:
              -----------------------
         (phone)
                    -----------------
         (facsimile)
                    -----------------

         If to CGIF:

         Collins Growth & Income Fund, LLC
         2101 W. Ben White Blvd., Suite 103
         Austin, Texas  78704
         Attn:  Gary Wood
         (phone) 800-570-5007
         (facsimile) 512-347-1501

         IN WITNESS WHEREOF, the parties hereto have executed this Escrow
Agreement on the date first above written.

Collins Growth & Income Fund, LLC

/s/ WALT COLLINS
----------------------------
Name: Walt Collins
Its:  Chief Executive Officer

American Bank of Commerce

By:
Its:

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<PAGE>

                                    EXHIBIT A

                         FUND DISBURSEMENT INSTRUCTIONS

      The undersigned certifies that he, she or it is duly authorized to execute
and deliver this Escrow Notice on behalf of Collins Growth & Income Fund, LLC
(the "Company"). Pursuant to the Escrow Agreement dated , 2004 (the "Agreement")
by and among the Company and ______________________ (the "Escrow Agent"), the
Company hereby requests that the Escrow Agent remit, in immediately available
funds, $ from the Escrow Account to the following parties as follows:

PARTY                                                      AMOUNT
-----                                                      ------
Collins Growth & Income Fund, LLC                $

[Dealers]                                        $

            TOTAL                                $
                                                 ------------------------------

      IN WITNESS WHEREOF, the undersigned have executed this Fund Disbursement
Instruction as of the date set forth below.

Dated:
       ------------------------

By:
    ---------------------------

Its:
     --------------------------

                                       6<PAGE>
                                                                    EXHIBIT 10.3

                        COLLINS GROWTH & INCOME FUND, LLC

               25,000,000 UNITS OF 10.25% OF MEMBERSHIP INTERESTS

         SUBSCRIPTION AGREEMENT FOR UNITS (INCLUDING POWER OF ATTORNEY)

          CHECKS SHOULD BE MADE PAYABLE TO "AMERICAN BANK OF COMMERCE -
                      COLLINS GROWTH & INCOME FUND ESCROW"

Important representations are made on this form. Please read carefully. Please
type or print clearly.

1. INVESTMENT

Multiply the dollar amount of the investment by the number of Units to be
purchased ($1,000 x No. of Units). You must make an initial purchase of a
minimum of 5 Units. Units may only be purchased as whole units.

Initial Investment                              x $1,000 =
                               -----------------           --------------------
                                 Number of Units           Amount of Investment

Add-On to Existing Investment                   x $1,000 =
                               -----------------           --------------------
                                 Number of Units           Amount of Investment

2. OWNERSHIP

PLEASE CHECK ONE

[ ] Individual     [ ]   Tenants in Common             [ ] Taxable Trust
[ ] IRA            [ ]   Community Property            [ ] Keogh
[ ] Joint Tenants  [ ]   Partnership                   [ ] Non-taxable Trust
[ ] Corporation    [ ]   Pension/Profit Sharing Plan   [ ] LLC

UGMA/State of ____________________
Other, explain: _____________________

3. REGISTERED OWNER

(Name of Qualified Plan, Trust, Partnership or Corporation if applicable. Give
both names if jointly held. Include account number if custodial account.)
Required for Blue Sky Registration.

Investor 1        Mr.      Mrs.

--------------------------------------------------------------------------------
Last Name(s)                First Name(s)                       Middle Initial

---------------------------------------
Tax ID Number or Social Security Number

--------------------------------------------------------------------------------
Mailing Address                             Street

--------------------------------------------------------------------------------
City                         State                               Zip Code

---------------------------------------
Phone Number

<PAGE>

Investor 2        Mr.      Mrs.

--------------------------------------------------------------------------------
Last Name(s)                First Name(s)                       Middle Initial

---------------------------------------
Tax ID Number or Social Security Number

--------------------------------------------------------------------------------
Mailing Address                             Street

--------------------------------------------------------------------------------
City                         State                               Zip Code

---------------------------------------
Phone Number

4. DISTRIBUTION PAYMENT METHOD

PLEASE CHECK ONE - A OR B

A.       AUTHORIZATION FOR AUTOMATIC DEPOSITS (ACH)

I authorize Collins Growth & Income Fund, LLC and American Bank of Commerce
("Escrow Agent") or its nominee, to initiate variable entries to my checking or
savings account. This authority will remain in effect until I notify Collins
Growth & Income Fund, LLC and provide a reasonable opportunity to act on the
cancellation. PLEASE INCLUDE A COPY OF A VOIDED CHECK OR SAVINGS DEPOSIT SLIP.

---------------------------------------
Financial Institution Name

--------------------------------------------------------------------------------
Address                                     Street

--------------------------------------------------------------------------------
City                        State                               Zip Code

---------------------------------------
Account Number

Account Type (Check One):  [ ]  Checking   [ ]  Savings  [ ]  Other

B. AUTHORIZATION FOR MAILING DISTRIBUTION

Please send my distribution checks to the following address (Insert "same" if
checks are to be sent to mailing address. INSERT NAME, ADDRESS, ACCOUNT NUMBER
AND PHONE NUMBER IF CHECKS ARE TO BE SENT TO A FINANCIAL INSTITUTION.)

---------------------------------------
Name

--------------------------------------------------------------------------------
Address                                     Street

--------------------------------------------------------------------------------
City                          State                               Zip Code

                                       2
<PAGE>

5. INVESTOR REPRESENTATIONS

(Each of the following MUST BE INITIALED BY INVESTOR):

__      I have received a copy of the Prospectus dated ____________ and
        supplements (if any) of Collins Growth & Income Fund, LLC.

__      I hereby make, constitute and appoint the Chief Executive Officer or his
        nominee, with full power of substitution, my true and lawful attorney
        for the purposes and in the manner provided in the Operating Agreement,
        which is incorporated herein by reference and hereby made a part hereof.

__      I received the Prospectus five business days before I signed this
        Subscription Agreement.

Your broker is obligated to provide you with a copy of the Prospectus five
business days before you subscribe. We are prohibited from selling the Units to
you until five days after you receive the Prospectus. If you did not receive the
Prospectus five business days in advance, you have the right to withdraw your
subscription.

6. INVESTOR SIGNATURES AND CERTIFICATIONS

IMPORTANT--FORM W-9 CERTIFICATION INSTRUCTIONS: YOU MUST CROSS OUT ITEM (2)
BELOW IF YOU HAVE BEEN NOTIFIED BY THE IRS THAT YOU ARE SUBJECT TO BACKUP
WITHHOLDING BECAUSE OF UNDERREPORTING INTEREST OR DIVIDENDS ON YOUR TAX return.
However, if after being notified by the IRS that you were subject to backup
withholding you received another notification from the IRS that you are no
longer subject to backup withholding, do not cross out item (2). Under penalties
of perjury, I certify that:

(1)     The number shown on this form is my correct Taxpayer Identification
        Number (or I am waiting for a number to be issued to me), AND

(2)     I am not subject to backup withholding either because I have not been
        notified by the Internal Revenue Services (IRS) that I am subject to
        backup withholding as a result of a failure to report all interest or
        dividends, or the IRS has notified me that I am no longer subject or
        backup withholding.

IMPORTANT--CHECK ONE

__      I AM A UNITED STATES CITIZEN

__      I AM A FOREIGN INVESTOR

I/WE ARE AUTHORIZED TO ENTER INTO THIS SUBSCRIPTION AGREEMENT ON BEHALF OF THE
PERSON(S) OR (ENTITY LISTED IN 3 ABOVE) NEITHER A BROKER, DEALER, INVESTMENT
ADVISOR NOR ANY OF THEIR AGENTS MAY SIGN ON BEHALF OF AN INVESTOR.

INVESTOR 1

---------------------------------------
Signature

---------------------------------------
Print Name & Capacity

INVESTOR 2

---------------------------------------
Signature

---------------------------------------
Print Name & Capacity

                                       3
<PAGE>

7. BROKER/DEALER INFORMATION
  (Please type or print)

---------------------------------------
Broker/Dealer Firm

---------------------------------------
Rep Name                   Rep Number

---------------------------------------
Address                    Street

---------------------------------------
City      State              Zip Code

---------------------------------------
Phone

(A)     I have reasonable grounds to believe, based on information obtained from
        the Subscriber concerning investment objectives, financial situations,
        and needs and other information known to me, that investment in the
        Units is suitable for such Subscriber in light of income, financial
        position, net wroth and other suitability characteristics.

(B)     I have discussed with the Subscriber the risks associated with and the
        liquidity of an investment in the Units.

---------------------------------------
Signature of Registered Representative

PLEASE MAKE CHECK PAYABLE TO "AMERICAN BANK OF COMMERCE -- COLLINS GROWTH &
INCOME FUND ESCROW"

FOR OFFICE USE ONLY

Collins Growth & Income Fund, LLC,
hereby accepts this Subscription Agreement on

---------------------------------------
By:  Authorized Representative

---------------------------------------
Its:

---------------------------------------
Amount

---------------------------------------
Admit Date

---------------------------------------
Check Number

---------------------------------------
Date of Wire

                                       4
<PAGE>

SUBSCRIPTION AGREEMENT INSTRUCTIONS

INVESTOR INSTRUCTIONS

To purchase Units, complete and sign the Subscription Agreement and deliver it
to your broker, together with your check or have your broker debit your
brokerage account.

YOUR CHECK SHOULD BE MADE PAYABLE TO: "AMERICAN BANK OF COMMERCE - COLLINS
GROWTH & INCOME FUND ESCROW." In order to invest, all information requested on
the Subscription Agreement must be completed.

1. INVESTMENT. Collins Growth & Income Fund, LLC is offering units of its 10.25%
Membership Interests. Insert the number of Units to be purchased, multiply the
dollar amount of the investment ($1,000 x No. of Units). You must make an
initial purchase of a minimum of 5 Units. If you purchase at least the 5 Unit
minimum, you may purchase one or more additional Units at any time during this
offering.

2. OWNERSHIP. Check the appropriate box indicating the manner in which title is
to be held. Please note that the box checked must be consistent with the number
of signatures appearing in Section 6. (See Instruction 7). In the case of
partnerships, corporations, custodianships or trusts, the box checked must be
consistent with the legal title (registration).

PARTICIPANTS IN IRAS AND KEOGH PLANS SHOULD NOTE THE PURCHASE OF UNITS DOES NOT
IN ITSELF CREATE THE PLAN; YOU MUST CREATE THE PLAN THROUGH A BONA FIDE
CUSTODIAN OR TRUSTEE WHO WILL ALSO SIGN THE SUBSCRIPTION AGREEMENT IN BLOCK 6.

3. REGISTERED OWNER. Please type or print the exact name (registration) that
should appear on the account. If the investor is an individual, a partnership or
a corporation, please include in this space the complete name and title in which
the investment is to be held. If the investor is a trust such as an IRA or Keogh
Plan, please include the name and address of the trustee and the trust name. In
the case of a trust or custodian investment including IRAs, Keogh Plans and
other trusts or custodianships, quarterly distributions and investment
correspondence will normally be sent to the trustee or custodian at the mailing
address. The plan participant will receive correspondence at home. ALL ACCOUNTS
MUST SUPPLY THE INVESTOR RESIDENTIAL ADDRESS AND ALL INVESTORS MUST MAKE THE
INVESTOR REPRESENTATIONS SET FORTH IN BLOCK 6 (FOR BLUE SKY REGISTRATION
PURPOSES).

4. INVESTOR REPRESENTATIONS. To comply with securities regulations, the investor
MUST make the representations in this Subscription Agreement. ALL THREE SPACES
MUST BE INITIALED BY THE INVESTOR.

5. INVESTOR CERTIFICATIONS. IRS regulations require our escrow bank to have the
W-9 CERTIFICATION completed for all Limited Members. This certifies that the
taxpayer is not subject to backup withholding. If certification is not
completed, the escrow agent must legally withhold, and pay to the IRS, 20% of
the taxpayer's escrow interest. Read the Subscription Agreement carefully for
additional W-9 Certification Instructions. If the investor is a Nonresident
Alien or Individual, Foreign Corporation, Foreign Partnership or Foreign Trust

                                       5
<PAGE>

or Estate, please check the FOREIGN STATUS CERTIFICATION box. TO AUTHORIZE THE
INVESTMENT, sign in the space(s) provided. If title is to held as joint tenancy
or tenants in common, at least two signatures are required. In the case of
community property, only one investor signature is required (see reverse side
for detail on required signatures). ALL INVESTORS AND/OR PLAN PARTICIPANTS MUST
PROVIDE SOCIAL SECURITY NUMBERS. Trusts, corporations, partnerships, custodians
and estates MUST ADDITIONALLY FURNISH a tax identification number.

6. CONSENT TO ELECTRONIC DELIVERY OF REPORTS. Please complete this section if
you consent to electronic delivery of financial reports. You must have an e-mail
address to use this service. Enter your name and email address and enter your
signature(s) where indicated.

BROKER/DEALER: IT IS NECESSARY THAT ALL ITEMS BE FULLY COMPLETED. INCLUDE
REGISTERED REPRESENTATIVE'S NAME AND BRANCH OFFICE ADDRESS. THE REGISTERED
REPRESENTATIVE MUST SIGN AND DATE WHERE INDICATED IN ORDER FOR THE APPLICATION
TO BE ACCEPTED. COMPLETE THE REGISTERED REPRESENTATIVE'S TELEPHONE NUMBER. IN
SOME CASES, THE HOME OFFICE MUST ALSO SIGN THE APPROVAL.

COLLINS GROWTH & INCOME FUND, LLC

Subscription Agreement for Units
(Including Power of Attorney)

1.      Checks should be made payable to "American Bank of Commerce - Collins
        Growth & Income Fund Escrow."

2.      Please pay particular attention to the highlighted areas which require a
        signature or initials by the investor.

3.      Investors seeking automatic deposits of interest payments must attach a
        voided check or savings deposit slip.

4.      Completed and signed subscription agreements along with funds should be
        forwarded to your dealer.

                                       6

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