Document:

SECURITIES
      PURCHASE AGREEMENT

    

     

    This
      Securities Purchase Agreement (this “Agreement”)
      is
      dated as of April ___, 2008 among Smart Energy Solutions, Inc., a Nevada
      corporation (the “Company”),
      and
      each purchaser identified on the signature pages hereto (each, a “Purchaser”
and
      collectively the “Purchasers”).

     

    WHEREAS,
      subject to the terms and conditions set forth in this Agreement and pursuant
      to
      Section 4(2) of the Securities Act of 1933, as amended (the “Securities
      Act”),
      and
      Rule 506 promulgated thereunder, the Company desires to issue and sell to each
      Purchaser, and each Purchaser, severally and not jointly, desires to purchase
      from the Company, securities of the Company as more fully described in this
      Agreement.

     

    NOW,
      THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
      and for other good and valuable consideration, the receipt and adequacy of
      which
      are hereby acknowledged, the Company and each Purchaser agree as
      follows:

    

    ARTICLE
      I

    PURCHASE
      AND SALE

    

    1.1 Subscription.
       The
      Purchaser, intending to be legally bound, hereby irrevocably subscribes for
      and
      agrees to purchase the number of shares of Common Stock (hereafter defined)
      and
      Warrants set forth on the signature page hereof in a transaction exempt from
      the
      registration requirements of the Securities Act. The Purchaser understands
      that
      the shares of Common Stock and Warrants are being sold in connection with an
      offering (the “Offering”)
      by the
      Company of $4,000,000 (the “Offering
      Amount”).
      

    

    The
      Offering shall consist of the following: 

    

    
      	 	
              (1)
                

            	
              Common
                Stock (a “Purchased
                Share”);
                and 

            

    

    

    
      	 	
              (2)
                

            	
              one
                common stock purchase warrant for each four (4) Purchased Shares,
                as
                further described in the Warrant Agreement attached hereto as Exhibit
                A,
                each Warrant entitling the Purchaser to purchase one share of common
                stock
                at
                a price per share equal to one hundred percent (100%) of the Purchase
                Price of the Common Stock sold in the Offering,
                expiring five years after the issue date thereof (a “Warrant”).
                

            

    

    

    For
      purposes of this Agreement, (i) “Common
      Stock”
means
      the common stock of the Company; (ii) “Securities”
means
      the Purchased Shares, the Warrant and the Warrant Shares; and (iii)
“Warrant
      Share”
means
      a
      share of Common Stock issuable upon exercise of a Warrant.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.2 Purchase
      of Common Stock.
      The
      Purchaser understands and acknowledges that the purchase price (the
“Purchase
      Price”)
      to be
      remitted to the Company in exchange for the shares of Common Stock shall be
      calculated as a forty percent (40%) discount to the average closing price of
      the
      Common Stock as quoted on the over-the-counter market under the symbol “SMGY”
fifteen (15) consecutive trading days prior to the closing. The Company shall
      deliver the Purchased Shares and the Warrants to the Purchaser promptly after
      the acceptance of this Agreement by the Company as provided in Section 2.1
      below. 

    

    ARTICLE
      II

    ESCROW;
      CLOSING

    

    2.1 Escrow.
      The
      Purchaser agrees that prior to receipt and acceptance of the Offering Amount,
      the Purchase Price will be deposited in an escrow account with Capital
      One Bank, 24-02A Fairlawn Avenue, Fair Lawn, NJ 07410
      (the
“Escrow
      Agent”).
      In
      the event that the Offering Amount is not received prior to April 30, 2008,
      unless the Company and Placement Agent mutually agree to extend the Offering
      up
      and through May 31, 2008, the termination date of this Offering, this Agreement
      and any other agreements entered into between the Purchaser and the Company
      shall thereafter have no force and effect and the Company will cause the return
      of the deposited Purchase Price to the Purchaser without interest. If the amount
      of accepted subscription funds held in escrow equals or exceeds the Offering
      Amount prior to such date, the initial closing of this Offering may occur and
      pursuant to the terms of the Escrow Agreement, which is attached hereto as
      Exhibit
      B,
      the
      Company shall instruct the Escrow Agent to release all the accepted Purchase
      Prices in escrow to the Company. Subsequently, prior to the termination of
      the
      Offering, any further accepted Purchase Prices up to the Offering Amount
      received by the Escrow Agent will be released by a similar instruction in one
      or
      a number of subsequent closings, including a closing at the effective time
      of
      the termination of this Offering. 

    

    If
      the
      Company accepts all or a portion of the Purchaser’s subscription, the Purchaser
      agrees that at such time this Agreement shall become effective with respect
      to
      the Company and the Purchaser, and the Company will promptly deliver to the
      Purchaser an executed copy of this Agreement, a stock certificate representing
      the Purchased Shares and a Warrant. 

    

    2.2 Payment.
      Payment
      for the Common Stock purchased hereunder can be made by (1) a personal check,
      cashier’s check or money order, or (2) electronic fund transfer (bank wire).

    

    If
      submitting payment by a personal check, cashier’s check or money order, payment
      shall be made payable to "Capital
      One Bank as Escrow Agent for Smart Energy Solutions, Inc.".
      

    

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    

    If
      submitting payment by electronic fund transfer (bank wire), payment shall be
      made to the Escrow Agent as follows: 

    

    Capital
      One Bank

    24-02A
      Fairlawn Avenue 

    Fair
      Lawn, NJ 07410

    Fax:
      (201) 794-9015

    Phone:
      (201) 794-7220

    

    ABA:
      021407912

    SWIFT:
      NFBKUS33

    ACH:
       021407912
      7057055574

    Master
      Escrow Account: 7057055574

    Account
      name: Capital One Bank as Escrow Agent for Smart Energy Solutions,
      Inc.

    

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES OF PURCHASER

    

    3.1 Representations
      and Warranties of Purchaser.
      

    

    The
      Purchaser hereby acknowledges, represents and warrants to, and agrees with,
      the
      Company and its affiliates as follows:

    

    (a) Investment
      Intent.
      The
      Purchaser is acquiring the Securities for his own account as principal, not
      as a
      nominee or agent, for investment purposes only, and not with a view to, or
      for,
      resale, distribution or fractionalization thereof in whole or in part and no
      other person has a direct or indirect beneficial interest in such Securities
      or
      any portion thereof. Further, the Purchaser does not have any contract,
      undertaking, agreement or arrangement with any person to sell, transfer or
      grant
      participations to such person or to any third person, with respect to the
      Purchased Shares and Warrants for which the Purchaser is subscribing or any
      part
      of the Securities.

    

    (b) Authority.
      The
      Purchaser has full power and authority to enter into this Agreement, the
      execution and delivery of this Agreement has been duly authorized, and this
      Agreement constitutes a valid and legally binding obligation of the
      Purchaser.

    

    (c) No
      General Solicitation.
      The
      Purchaser is not subscribing for the Purchased Shares and Warrants as a result
      of or subsequent to any advertisement, article, notice or other communication
      published in any newspaper, magazine or similar media or broadcast over
      television or radio, or any solicitation of a subscription by a person
      previously not known to the Purchaser in connection with investment securities
      generally.

    

    (d) No
      Obligation to Register Shares.
      The
      Purchaser understands that, except as set forth in the Registration Rights
      Agreement which is attached hereto as Exhibit
      C,
      the
      Company is under no obligation to register the Securities under the Securities
      Act, or to assist the Purchaser in complying with the Securities Act or the
      securities laws of any state of the United States or of any foreign
      jurisdiction.

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    (e) Investment
      Experience.
      The
      Purchaser is (i) experienced in making investments of the kind described in
      this
      Agreement and the related documents, (ii) able, by reason of the business and
      financial experience of its officers (if an entity) and professional advisors
      (who are not affiliated with or compensated in any way by the Company or any
      of
      its affiliates or selling agents), to protect its own interests in connection
      with the transactions described in this Agreement, and the related documents,
      and (iii) able to afford the entire loss of its investment in the
      Securities.

    

    (f) Exemption
      from Registration.
      The
      Purchaser acknowledges his understanding that the offering and sale of the
      Securities is intended to be exempt from registration under the Securities
      Act.
      In furtherance thereof, in addition to the other representations and warranties
      of the Purchaser made herein, the Purchaser further represents and warrants
      to
      and agrees with the Company and its affiliates as follows:

    

    
      	 	
              (i)

            	
              The
                Purchaser realizes that the basis for the exemption may not be present
                if,
                notwithstanding such representations, the Purchaser has in mind merely
                acquiring the Securities for a fixed or determinable period in the
                future,
                or for a market rise, or for sale if the market does not rise. The
                Purchaser does not have any such
                intention;

            

    

    

    
      	 	
              (ii)

            	
              The
                Purchaser has the financial ability to bear the economic risk of
                his
                investment, has adequate means for providing for his current needs
                and
                personal contingencies and has no need for liquidity with respect
                to his
                investment in the Company; 

            

    

    

    
      	 	
              (iii)

            	
              The
                Purchaser has such knowledge and experience in financial and business
                matters as to be capable of evaluating the merits and risks of the
                prospective investment in the Securities;
                and

            

    

    

    
      	 	
              (iv)

            	
              The
                Purchaser has been provided an opportunity for a reasonable period
                of time
                prior to the date hereof to obtain additional information concerning
                the
                offering of the Securities, the Company and all other information
                to the
                extent the Company possesses such information or can acquire it without
                unreasonable effort or expense.

            

    

    

    (g) Economic
      Considerations.
      The
      Purchaser is not relying on the Company, or its affiliates or agents or any
      placement agent with respect to economic considerations involved in this
      investment. The Purchaser has relied solely on its own advisors.

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    (h) No
      Other Company Representations.
      No
      representations or warranties have been made to the Purchaser by the Company,
      or
      any officer, employee, agent, affiliate or subsidiary of the Company, other
      than
      the representations of the Company contained herein, and in subscribing for
      the
      Securities the Purchaser is not relying upon any representations other than
      those contained herein. 

    

    (i)
       Resales;
      Legend.
      Any
      resale of the Securities shall only be made in compliance with exemptions from
      registration afforded by the Securities Act and the rules and regulations
      promulgated thereunder. The Purchaser will not offer to sell or sell the
      Securities in any jurisdiction unless the Purchaser obtains all required
      consents, if any. Certificates evidencing the Securities may bear the following
      legend, including without limitation, any legend required by the laws of the
      jurisdiction in which the Purchaser resides, and any legend required by any
      applicable law, including without limitation, any legend that will be useful
      to
      aid compliance with Regulation D or other regulations adopted by the Securities
      and Exchange Commission (the “SEC”)
      under
      the Securities Act:

    

    “THESE
      SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN
      THE
      ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES
      UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
      REGISTRATION IS NOT REQUIRED OR UNLESS TRANSFERRED PURSUANT TO ANY VALID
      EXEMPTION FROM REGISTRATION AVAILABLE UNDER SUCH ACT.”

    

    (j) Applicability
      of Exemption.
      The
      Purchaser understands that the Securities are being offered and sold to him
      in
      reliance on an exemption from the registration requirements of United States
      federal and state securities laws under Regulation D promulgated under the
      Securities Act and that the Company is relying upon the truth and accuracy
      of
      the representations, warranties, agreements, acknowledgments and understandings
      of the Purchaser set forth herein in order to determine the applicability of
      such exemptions and the suitability of the Purchaser to acquire the Securities.
      

    

    (k) Accredited
      Investor.
      The
      Purchaser is an “accredited investor” as that term is defined in Rule 501 of the
      General Rules and Regulations under the Securities Act by reason of Rule
      501(a)(3).

    

    (l) Potential
      Loss of Investment.
      The
      Purchaser understands that an investment in the Securities is a speculative
      investment which involves a high degree of risk and the potential loss of his
      entire investment.

    

    (m) Investment
      Commitment.
      The
      Purchaser's overall commitment to investments which are not readily marketable
      is not disproportionate to the Purchaser's net worth, and an investment in
      the
      Securities will not cause such overall commitment to become
      excessive.

    

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    (n) Receipt
      of Information.
      The
      Purchaser has received all documents, records, books and other information
      pertaining to the Purchaser’s investment in the Company that has been requested
      by the Purchaser. The Purchaser has reviewed all reports and other documents
      filed by the Company with the SEC (the “SEC
      Documents”),
      including without limitation, the risk factors disclosed in the SEC
      Documents.

    

    (o) Investor
      Questionnaire.
      The
      Purchaser represents and warrants to the Company that all information that
      the
      Purchaser has provided to the Company, including, without limitation, the
      information in the Investor Questionnaire provided to the Company (the “Investor
      Questionnaire”), is correct and complete as of the date hereof.

    

    (p) No
      Reliance.
      Other
      than as set forth herein, the Purchaser is not relying upon any other
      information, representation or warranty by the Company or any officer, director,
      stockholder, agent or representative of the Company or
      any placement agent in
      determining to invest in the Securities. The Purchaser has consulted, to the
      extent deemed appropriate by the Purchaser, with the Purchaser’s own advisers as
      to the financial, tax, legal and related matters concerning an investment in
      the
      Securities and on that basis believes that his investment in the Securities
      is
      suitable and appropriate for the Purchaser.

    

    (q) No
      Governmental Review.
      The
      Purchaser is aware that no federal or state agency has (i) made any finding
      or
      determination as to the fairness of this investment, (ii) made any
      recommendation or endorsement of the Securities or the Company, or (iii)
      guaranteed or insured any investment in the Securities or any investment made
      by
      the Company.

    

    (r) Price
      of Securities.
      The
      Purchaser understands that the price of the Securities offered hereby bear
      no
      relation to the assets, book value or net worth of the Company and were
      determined arbitrarily by the Company. The Purchaser further understands that
      there is a substantial risk of further dilution on the Purchaser’s investment in
      the Company.

    

    ARTICLE
      IV

    REPRESENTATIONS
      AND WARRANTIES OF THE COMPANY

    

    4.1
       Representations
      and Warranties of the Company.

    

    The
      Company represents and warrants to the Purchaser as follows:

    

    (a)  Organization
      of the Company.
      The
      Company is a corporation duly organized and validly existing and in good
      standing under the laws of the State of Nevada.

    

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    (b) Authority.
      (i) The
      Company has the requisite corporate power and authority to enter into and
      perform its obligations under this Agreement and to issue the shares of Common
      Stock, the Warrants and the Warrant Shares; (ii) the execution and delivery
      of
      this Agreement by the Company and the consummation by it of the transactions
      contemplated hereby and thereby have been duly authorized by all necessary
      corporate action and no further consent or authorization of the Company or
      its
      Board of Directors or stockholders is required; and (iii) this Agreement has
      been duly executed and delivered by the Company and constitutes a 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, or similar laws relating to, or affecting generally
      the
      enforcement of, creditors' rights and remedies or by other equitable principles
      of general application.

    

    (c) Exemption
      from Registration; Valid Issuances.
      The
      sale and issuance of the Securities, in accordance with the terms and on the
      basis of the representations and warranties of the Purchaser set forth herein,
      may and shall be properly issued by the Company to the Purchaser. When issued
      and paid for as herein provided, the Securities shall be duly and validly
      issued, fully paid, and nonassessable. Neither the sales of the Securities
      pursuant to, nor the Company's performance of its obligations under, this
      Agreement shall (i) result in the creation or imposition of any liens, charges,
      claims or other encumbrances upon the Securities or any of the assets of the
      Company, or (ii) entitle the other holders of the Common Stock of the Company
      to
      preemptive or other rights to subscribe to or acquire the Common Stock or other
      securities of the Company. The Securities shall not subject the Purchaser to
      personal liability by reason of the ownership thereof. 

    

    (d) No
      General Solicitation or Advertising in Regard to this
      Transaction.
      Neither
      the Company nor any of its affiliates nor any person acting on its or their
      behalf has conducted or will conduct any general solicitation (as that term
      is
      used in Rule 502(c) of Regulation D) or general advertising with respect to
      the
      Securities.

    

    (e) SEC
      Documents.
      To the
      best of Company's knowledge, the Company has not provided to the Purchaser
      any
      information that, according to applicable law, rule or regulation, should have
      been disclosed publicly prior to the date hereof by the Company, but which
      has
      not been so disclosed. As of their respective dates, the SEC Documents complied
      in all material respects with the requirements of the Securities Act or the
      Securities Exchange Act of 1934, as the case may be, and other federal, state
      and local laws, rules and regulations applicable to such SEC Documents, and
      none
      of the SEC Documents contained any untrue statement of a material fact or
      omitted to state a material fact required to be stated therein or necessary
      in
      order to make the statements therein, in light of the circumstances under which
      they were made, not misleading. The financial statements of the Company included
      in the SEC Documents comply as to form and substance in all material respects
      with applicable accounting requirements and the published rules and regulations
      of the SEC or other applicable rules and regulations with respect thereto.
      Such
      financial statements have been prepared in accordance with generally accepted
      accounting principles applied on a consistent basis during the periods involved
      (except (a) as may be otherwise indicated in such financial statements or the
      notes thereto or (b) in the case of unaudited interim statements, to the extent
      they may not include footnotes or may be condensed or summary statements) and
      fairly present in all material respects the financial position of the Company
      as
      of the dates thereof and the results of operations and cash flows for the
      periods then ended (subject, in the case of unaudited statements, to normal
      year-end audit adjustments).

    

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    ARTICLE
      V

    MISCELLANEOUS

    

    5.1  Indemnity.
      The
      Purchaser agrees to indemnify and hold harmless the Company, its officers and
      directors, employees and its affiliates and their respective successors and
      assigns and each other person, if any, who controls any thereof, against any
      loss, liability, claim, damage and expense whatsoever (including, but not
      limited to, any and all expenses whatsoever reasonably incurred in
      investigating, preparing or defending against any litigation commenced or
      threatened or any claim whatsoever) arising out of or based upon any false
      representation or warranty or breach or failure by the Purchaser to comply
      with
      any covenant or agreement made by the Purchaser herein or in any other document
      furnished by the Purchaser in connection with this transaction.

    

    5.2 Modification.
      Neither
      this Agreement nor any provision hereof shall be modified, discharged or
      terminated except by an instrument in writing signed by the
      Company.

    

    5.3 Notices.
      Any
      notice, demand or other communication which a party hereto may be required,
      or
      may elect, to give to anyone interested hereunder shall be sufficiently given
      if
      (a) deposited, postage prepaid, in a United States mail letter box, registered
      or certified mail, return receipt requested, addressed to such address as
      indicated on the signature page hereof, or (b) delivered personally at such
      address.

    

    5.4 Execution
      and Counterparts.
      This
      Agreement may be executed in two or more 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.

    

    5.5 Binding
      Effect.
      Except
      as otherwise provided herein, this Agreement shall be binding upon and inure
      to
      the benefit of the parties and their heirs, executors, administrators,
      successors, legal representatives and assigns. If the Purchaser is more than
      one
      person, the obligation of the Purchaser shall be joint and several and the
      agreements, representations, warranties and acknowledgments herein contained
      shall be deemed to be made by and be binding upon each such person and his
      heirs, executors, administrators and successors.

    

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    5.6 Entire
      Agreement.
      This
      Agreement and the documents referenced herein contain the entire agreement
      of
      the parties and there are no representations, covenants or other agreements
      except as stated or referred to herein and therein.

    

    5.7 Assignability.
      This
      Agreement is not transferable or assignable by the Purchaser, and any such
      attempted assignment shall be null and void and of no force or
      effect.

    

    5.8 Applicable
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of New York, without giving effect to conflicts of law
      principles.

    

    5.9 Pronouns.
      The use
      herein of the masculine pronouns "him" or "his" or similar terms shall be deemed
      to include the feminine and neuter genders as well and the use herein of the
      singular pronoun shall be deemed to include the plural as well.

     

    

    

    [Remainder
      of Page Intentionally Omitted; Signature Pages to Follow]

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Purchaser has executed this Securities Purchase Agreement
      on the  
      day of
      ________, 2008.

    

    Amount
      of
      Investment:

    

    $_____________________

    

    

    INDIVIDUAL
      INVESTOR:

    

    

    ______________________

    Name:

    

    Address:

    

    

    Social
      Security Number: ___________

    

    

    

    PARTNERSHIP,
      CORPORATION, TRUST,

    CUSTODIAL
      ACCOUNT, OTHER INVESTOR

    

    ___________________________

    (Print
      Name of Entity)

     

    

    

    By: __________________

    Name:

    Title:

    Address:

    

    Taxpayer
      Identification Number:_____________

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    ACCEPTANCE
      OF SUBSCRIPTION

    

    (to
      be
      filed out only
      by the
      Company)

    

    The
      Company hereby accepts the above application for subscription for Common Stock
      and Warrants on behalf of the Company.

    

    

    SMART
      ENERGY SOLUTIONS, INC.

    

    

    
      	Dated:
              ____________ ___, 2008	
              By: ______________________________

              
                Name:
                  

                Title:

              

            

    

    

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    SMART
      ENERGY SOLUTIONS, INC.

    

    INVESTOR
      QUESTIONNAIRE

    

    
      	
              A.

            	
              General
                Information

            	 
	 	 	 
	
              1.

            	
              Print
                Full Name of Investor:

            	
              Individual:

            
	 	 	
              ____________________________________

            
	 	 	
              First,
                Middle, Last

            
	 	 	 
	 	 	
              Partnership,
                Corporation, Trust, Custodial Account, Other:

            
	 	 	 
	 	 	
              ____________________________________

            
	 	 	
              Name
                of Entity

            
	 	 	 
	
              2.

            	
              Address
                for Notices:

            	
              ____________________________________

            
	 	 	
              ____________________________________

            
	 	 	
              ____________________________________

            
	 	 	 
	
              3.

            	
              Name
                of Primary Contact Person:

              Title:

            	
              ____________________________________

            
	 	 	 
	
              4.

            	
              Telephone
                Number:

            	
              ____________________________________

            
	 	 	 
	
              5.

            	
              E-Mail
                Address: 

            	
              ____________________________________

            
	 	 	 
	
              6.

            	
              Facsimile
                Number:

            	
              ____________________________________

            
	
               

              7.

            	
               

              Permanent
                Address:

              (if
                different from Address for Notices above)

            	
               

              ____________________________________

            

    

     

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    

    
      	
              8.

            	
              Authorized
                Signatory:

              Title:

            	
              ____________________________________

              ____________________________________

            
	 	
              Telephone
                Number:

            	
              ____________________________________

            
	 	
              Facsimile
                Number:

            	
              ____________________________________

            
	
              9.

               

            	
              U.S.
                Investors Only:

               

              U.S.
                Taxpayer Identification or Social

              Security
                Number:

            	
               

               

               

              ____________________________________

            

    

    

    

    B. Accredited
      Investor Status

    

    The
      Investor represents and warrants that the Investor is an “accredited investor”
within the meaning of Rule 501 of Regulation D under the Securities Act of
      1933,
      as amended (the “Securities Act”), and has checked the box or boxes below which
      are next to the categories under which the Investor qualifies as an accredited
      investor:

     

    

    
      	
              FOR
                INDIVIDUALS:

            
	 
	
              o

            	
              A
                natural person with individual net worth (or joint net worth with
                spouse)
                in excess of $1 million. For purposes of this item, “net worth” means the
                excess of total assets at fair market value, including home, home
                furnishings and automobiles (and including property owned by a spouse),
                over total liabilities.

            
	 	 
	
              o

            	
              A
                natural person with individual income (without including any income
                of the
                Investor’s spouse) in excess of $200,000, or joint income with spouse of
                $300,000, in each of the two most recent years and who reasonably
                expects
                to reach the same income level in the current
                year.

            

    

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    
      	 	 	 
	
              FOR
                ENTITIES:

            
	 	 
	
              o

            	
              A
                bank as defined in Section 3(a)(2) of the Securities Act or any savings
                and loan association or other institution as defined in Section 3(a)(5)(A)
                of the Securities Act, whether acting in its individual or fiduciary
                capacity.

            
	 	 
	
              o

            	
              An
                insurance company as defined in Section 2(13) of the Securities
                Act.

            
	 	 
	
              o

            	
              A
                broker-dealer registered pursuant to Section 15 of the Securities
                Exchange
                Act of 1934.

            
	 	 
	
              o

            	
              An
                investment company registered under the Investment Company Act of
                1940, as
                amended (the “Investment Company Act”). 

            
	 	 
	
              o

            	
              A
                business development company as defined in Section 2(a)(48) of the
                Investment Company Act.

            
	 	 
	
              o

            	
              A
                small business investment company licensed by the Small Business
                Administration under Section 301(c) or (d) of the Small Business
                Investment Act of 1958.

            
	 	 
	
              o

            	
              A
                private business development company as defined in Section 202(a)(22)
                of
                the Investment Advisers Act of 1940. 

            
	 	 
	
              o

            	
              An
                organization described in Section 501(c)(3) of the Internal Revenue
                Code,
                a corporation, Massachusetts or similar business trust, or partnership,
                not formed for the specific purpose of acquiring the shares of Common
                Stock, with total assets in excess of $5 million.

            
	 	 
	
              o

            	
              A
                trust with total assets in excess of $5 million not formed for the
                specific purpose of acquiring the shares of Common Stock, whose purchase
                is directed by a person with such knowledge and experience in financial
                and business matters as to be capable of evaluating the merits and
                risks
                of an investment in the Company and the purchase of the shares of
                Common
                Stock.

            
	 	 
	
              o

            	
              An
                employee benefit plan within the meaning of ERISA if the decision
                to
                invest in the shares of Common Stock is made by a plan fiduciary,
                as
                defined in Section 3(21) of ERISA, which is either a bank, savings
                and
                loan association, insurance company, or registered investment adviser,
                or
                if the employee benefit plan has total assets in excess of $5 million
                or,
                if a self-directed plan, with investment decisions made solely by
                persons
                that are accredited investors.

            
	 	 
	
              o

            	
              A
                plan established and maintained by a state, its political subdivisions,
                or
                any agency or instrumentality of a state or its political subdivisions,
                for the benefit of its employees, if the plan has total assets in
                excess
                of $5 million.

            

    

    
      	 	 
	
              o

            	
              An
                entity, including a grantor trust, in which all of the equity owners
                are
                accredited investors as determined under any of the foregoing paragraphs
                (for this purpose, a beneficiary of a trust is not an equity owner,
                but
                the grantor of a grantor trust is an equity
                owner).

            

    

    

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

     

    C.  Supplemental
      Data for Entities

    

    1. If
      the
      Investor is not a natural person, furnish the following supplemental data
      (natural persons may skip this Section C of the Investor
      Questionnaire):

    

    Legal
      form of entity (trust, corporation, partnership, etc.):
      _________________________ 

     

    

    Jurisdiction
      of organization: ________________________________________________

    

    2.
       Was
      the
      Investor organized for the specific purpose of acquiring the shares of Common
      Stock?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    3.
       Are
      shareholders, partners or other holders of equity or beneficial interest in
      the
      Investor able to decide individually whether to participate, or the extent
      of
      their participation, in the Investor’s investment in the Company (i.e., can
      shareholders, partners or other holders of equity or beneficial interest in
      the
      Investor determine whether their capital will form part of the capital invested
      by the Investor in the Company)?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    4(a).
       Please
      indicate whether or not the Investor is, or is acting on behalf of, (i) an
      employee benefit plan within the meaning of Section 3(3) of ERISA, whether
      or not such plan is subject to ERISA,
      or (ii)
      an entity which is deemed to hold the assets of any such employee benefit plan
      pursuant to 29 C.F.R. § 2510.3-101. For example, a plan which is maintained by a
      foreign corporation, governmental entity or church, a Keogh plan covering no
      common-law employees and an individual retirement account are employee benefit
      plans within the meaning of Section 3(3) of ERISA but generally are not subject
      to ERISA (collectively, “Non-ERISA
      Plans”).
      In
      general, a foreign or US entity which is not an operating company and which
      is
      not publicly traded or registered as an investment company under the Investment
      Company Act of 1940, as amended, and in which 25% or more of the value of any
      class of equity interest is held by employee pension or welfare plans (including
      an entity which is deemed to hold the assets of any such plan), would be deemed
      to hold the assets of one or more employee benefit plans pursuant to 29 C.F.R.
§
2510.3-101. However, if only Non-ERISA Plans were invested in such an entity,
      the entity generally would not be subject to ERISA. For purposes of determining
      whether this 25% threshold has been met or exceeded, the value of any equity
      interest held by a person (other than such a plan or entity) who has
      discretionary authority or control with respect to the assets of the entity,
      or
      any person who provides investment advice for a fee (direct or indirect) with
      respect to such assets, or any affiliate of such a person, is
      disregarded.

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

    

    4(b).
       If
      the
      Investor is, or is acting on behalf of, such an employee benefit plan, or is
      an
      entity deemed to hold the assets of any such plan or plans, please indicate
      whether or not the Investor is subject to ERISA.

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    4(c.) If
      the
      Investor answered “Yes” to question 4.(b) and the Investor is investing the
      assets of an insurance company general account, please indicate what percentage
      of the Investor’s assets the purchase of the shares of Common Stock is subject
      to ERISA. ___________%.

    

    5.
       Does
      the
      amount of the Investor’s subscription for the shares of Common Stock in the
      Company exceed 40% of the total assets (on a consolidated basis with its
      subsidiaries) of the Investor?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    6(a). Is
      the
      Investor a private investment company which is not registered under the
      Investment Company Act, in reliance on Section 3(c)(1) or Section 3(c)(7)
      thereof?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    6(b).
       If
      the
      question above was answered “Yes,” was the Investor formed prior to April 30,
      1996?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    7(a).
       Is
      the
      Investor a grantor trust, a partnership or an S-Corporation for US federal
      income tax purposes?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    7(b).
       If
      the
      question above was answered “Yes,” please indicate whether or not:

    

    (i)
      more
      than 50 percent of the value of the ownership interest of any beneficial owner
      in the Investor is (or may at any time during the term of the Company be)
      attributable to the Investor’s (direct or indirect) interest in the Company;
      or

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

    (ii)
      it
      is a principal purpose of the Investor’s participation in the Company to permit
      the Partnership to satisfy the 100 partner limitation contained in US Treasury
      Regulation Section 1.7704-1(h)(3).

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    8. If
      the
      Investor’s tax year ends on a date other than December 31, please indicate such
      date below:

    
      	 	 
	 	
              (Date)

            

    

    

    

    D.  Related
      Parties

    

    1. To
      the
      best of the Investor’s knowledge, does the Investor control, or is the Investor
      controlled by or under common control with, any other investor in the
      Company?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

    

    If
      the
      answer above was answered “Yes”, please identify such related investor(s)
      below.

    

    Name(s)
      of related investor(s): _______________________________-

    

    2. Will
      any
      other person or persons have a beneficial interest in the shares of Common
      Stock
      to be acquired hereunder (other than as a shareholder, partner, or other
      beneficial owner of equity interest in the Investor)?

    

    
      	
              o
                Yes

            	
              o
                No

            

    

     

    The
      Investor understands that the foregoing information will be relied upon by
      the
      Company for the purpose of determining the eligibility of the Investor to
      purchase the shares of Common Stock. The Investor agrees to notify the Company
      immediately if any representation or warranty contained in this Subscription
      Agreement, including this Investor Questionnaire, becomes untrue at any time.
      The Investor agrees to provide, if requested, any additional information that
      may reasonably be required to substantiate the Investor’s status as an
      accredited investor or to otherwise determine the eligibility of the Investor
      to
      purchase the shares of Common Stock. The Investor agrees to indemnify and hold
      harmless the Company and each officer, director, shareholder, agent and
      representative of the Company and their respective affiliates and successors
      and
      assigns from and against any loss, damage or liability due to or arising out
      of
      a breach of any representation, warranty or agreement of the Investor contained
      herein.

    

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    

    

    
      	 	
              INDIVIDUAL:

            
	 	 
	 	
              ____________________________________

            
	 	
              (Signature)

            
	 	 
	 	
              ____________________________________

            
	 	
              (Print
                Name)

            
	 	 
	 	
              PARTNERSHIP,
                CORPORATION, TRUST, CUSTODIAL ACCOUNT, OTHER:

            
	 	 
	 	
              ___________________________________

            
	 	
              (Name
                of Entity)

            
	 	 
	 	
              By:
                ________________________________

            
	 	
              (Signature)

            
	 	 
	 	
              ________________________________

            
	 	
              (Print
                Name and Title)

            

    

    

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

     

    Annex
      1

     

    DEFINITION
      OF “INVESTMENTS”

    

    The
      term
“investments” means: 

    

    Securities,
      other than securities of an issuer that controls, is controlled by, or is under
      common control with, the Investor that owns such securities, unless the issuer
      of such securities is:

    

    An
      investment company or a company that would be an investment company but for
      the
      exclusions or exemptions provided by the Investment Company Act, or a commodity
      pool; or

    

    a
      Public
      Company (as defined below);

    

    A
      company
      with shareholders’ equity of not less than $50 million ?? (determined in
      accordance with generally accepted accounting principles) as reflected on the
      company’s most recent financial statements, provided that such financial
      statements present the information as of a date within 16 months preceding
      the
      date on which the Investor acquires shares of Common Stock;

    

    Real
      estate held for investment purposes;

    

    Commodity
      Shares (as defined below) held for investment purposes;

    

    Physical
      Commodities (as defined below) held for investment purposes;

    

    To
      the
      extent not securities, Financial Contracts (as defined below) entered into
      for
      investment purposes;

    

    In
      the
      case of an Investor that is a company that would be an investment company but
      for the exclusions provided by Section 3(c)(1) or 3(c)(7) of the Investment
      Company Act, or a commodity pool, any amounts payable to such Investor pursuant
      to a firm agreement or similar binding commitment pursuant to which a person
      has
      agreed to acquire an interest in, or make capital contributions to, the Investor
      upon the demand of the Investor; and

    

    Cash
      and
      cash equivalents held for investment purposes.

    

    Real
      Estate that is used by the owner or a Related Person (as defined below) of
      the
      owner for personal purposes, or as a place of business, or in connection with
      the conduct of the trade or business of such owner or a Related Person of the
      owner, will NOT be considered Real Estate held for investment purposes, provided
      that real estate owned by an Investor who is engaged primarily in the business
      of investing, trading or developing real estate in connection with such business
      may be deemed to be held for investment purposes. However, residential real
      estate will not be deemed to be used for personal purposes if deductions with
      respect to such real estate are not disallowed by section 280A of the Internal
      Revenue Code of 1986, as amended. 

    

    A
      Commodity Interest or Physical Commodity owned, or a Financial Contract entered
      into, by the Investor who is engaged primarily in the business of investing,
      reinvesting, or trading in Commodity Shares, Physical Commodities or Financial
      Contracts in connection with such business may be deemed to be held for
      investment purposes.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Commodity
      Shares” means commodity futures contracts, options on commodity futures
      contracts, and options on physical commodities traded on or subject to the
      rules
      of:

    

    Any
      contract market designated for trading such transactions under the Commodity
      Exchange Act and the rules thereunder; or

    

    Any
      board
      of trade or exchange outside the United States, as contemplated in Part 30
      of
      the rules under the Commodity Exchange Act.

    

    “Public
      Company” means a company that:

    

    files
      reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934,
      as amended; or

    

    has
      a
      class of securities that are listed on a Designated Offshore Securities Market,
      as defined by Regulation S of the Securities Act.

    

    “Financial
      Contract” means any arrangement that:

    

    takes
      the
      form of an individually negotiated contract, agreement, or option to buy, sell,
      lend, swap, or repurchase, or other similar individually negotiated transaction
      commonly entered into by participants in the financial markets;

    

    is
      in
      respect of securities, commodities, currencies, interest or other rates, other
      measures of value, or any other financial or economic interest similar in
      purpose or function to any of the foregoing; and

    

    is
      entered into in response to a request from a counter party for a quotation,
      or
      is otherwise entered into and structured to accommodate the objectives of the
      counterparty to such arrangement.

    

    “Physical
      Commodities” means any physical commodity with respect to which a Commodity
      Interest is traded on a market specified in the definition of Commodity Shares
      above.

    

    “Related
      Person” means a person who is related to the Investor as a sibling, spouse or
      former spouse, or is a direct lineal descendant or ancestor by birth or adoption
      of the Investor, or is a spouse of such descendant or ancestor, provided that,
      in the case of a Family Company, a Related Person includes any owner of the
      Family Company and any person who is a Related Person of such an owner. “Family
      Company” means a company that is owned directly or indirectly by or for two or
      more natural persons who are related as siblings or spouse (including former
      spouses), or direct lineal descendants by birth or adoption, spouses of such
      persons, the estates of such persons, or foundations, charitable organizations
      or trusts established for the benefit of such persons.

    

    For
      purposes of determining the amount of investments owned by a company, there
      may
      be included investments owned by majority-owned subsidiaries of the company
      and
      investments owned by a company (“Parent Company”) of which the company is a
      majority-owned subsidiary, or by a majority-owned subsidiary of the company
      and
      other majority-owned subsidiaries of the Parent Company. 

    

    In
      determining whether a natural person is a qualified purchaser, there may be
      included in the amount of such person’s investments any investment held jointly
      with such person’s spouse, or investments in which such person shares with such
      person’s spouse a community property or similar shared ownership interest. In
      determining whether spouses who are making a joint investment in the Partnership
      are qualified purchasers, there may be included in the amount of each spouse’s
      investments any investments owned by the other spouse (whether or not such
      investments are held jointly). There shall be deducted from the amount of any
      such investments any amounts specified by paragraph 2(a) of Annex 2 incurred
      by
      such spouse. 

    

    In
      determining whether a natural person is a qualified purchaser, there may be
      included in the amount of such person’s investments any investments held in an
      individual retirement account or similar account the investments of which are
      directed by and held for the benefit of such person.

     

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

    Annex
      2

     

    VALUATIONS
      OF INVESTMENTS

    

    The
      general rule for determining the value of investments in order to ascertain
      whether a person is a qualified purchaser is that the value of the aggregate
      amount of investments owned and invested on a discretionary basis by such person
      shall be their fair market value on the most recent practicable date or their
      cost. This general rule is subject to the following provisos:

    

    In
      the
      case of Commodity Shares, the amount of investments shall be the value of the
      initial margin or option premium deposited in connection with such Commodity
      Shares; and

    

    In
      each
      case, there shall be deducted from the amount of investments owned by such
      person the following amounts:

    

    The
      amount of any outstanding indebtedness incurred to acquire the investments
      owned
      by such person.

    

    A
      Family
      Company, in addition to the amounts specified in paragraph (a) above, shall
      have
      deducted from the value of such Family Company’s investments any outstanding
      indebtedness incurred by an owner of the Family Company to acquire such
      investments.REGISTRATION
      RIGHTS AGREEMENT

    

    This
      Registration Rights Agreement (this “Agreement”)
      is
      made and entered into as of April ___, 2008, among Smart Energy Solutions,
      Inc.,
      a Nevada corporation (the “Company”),
      and
      the several purchasers signatory hereto (each such purchaser, a “Purchaser”
and
      collectively, the “Purchasers”).
      

    

    This
      Agreement is made pursuant to the Securities Purchase Agreement, dated as of
      the
      date hereof, between the Company and each Purchaser (the “Purchase
      Agreement”).

    

    The
      Company and each Purchaser hereby agrees as follows:

    

    1.
       Definitions

    

    Capitalized
      terms used and not otherwise defined herein that are defined in the Purchase
      Agreement shall have the meanings given such terms in the Purchase Agreement.
      As
      used in this Agreement, the following terms shall have the following
      meanings:

    

    “Advice”
shall
      have the meaning set forth in Section 6(c).

    

    “Commission”
means
      the Securities and Exchange Commission.

    

    “Effectiveness
      Date”
means,
      with respect to the initial Registration Statement required to be filed
      hereunder, the 120th
      business
      day following the required Filing Date of such initial Registration Statement
      and, with respect to any additional Registration Statements which may be
      required pursuant to Section 3(c), the 60th
      business
      day following the date on which the Company first knows, or reasonably should
      have known, that such additional Registration Statement is required hereunder;
      provided,
      however,
      that in
      the event the Company is notified by the Commission that one of the above
      Registration Statements will not be reviewed or is no longer subject to further
      review and comments, the Effectiveness Date as to such Registration Statement
      shall be the fifth Trading Day following the date on which the Company is so
      notified if such date precedes the dates required above.

    

    “Effectiveness
      Period”
shall
      have the meaning set forth in Section 2.

    

    “Filing
      Date”
means,
      with respect to the initial Registration Statement required hereunder, the
      30th
      business
      day following the closing date of the Offering Amount, provided
      that
      such date shall not be earlier than March 31, 2008 and, with respect to any
      additional Registration Statements which may be required pursuant to Section
      3(c), the 30th
      calendar
      day following the date on which the Company first knows, or reasonably should
      have known, that such additional Registration Statement is required
      hereunder.

    

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

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    “Indemnified
      Party”
shall
      have the meaning set forth in Section 5(c).

    

    “Indemnifying
      Party”
shall
      have the meaning set forth in Section 5(c).

    

    “Losses”
shall
      have the meaning set forth in Section 5(a).

    

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

     

    “Plan
      of Distribution”
shall
      have the meaning set forth in Section 2. 

    

    “Prospectus”
means
      the prospectus included in a 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 a 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.

    

    “Registrable
      Securities”
means
      (i) all of the Purchased Shares, (ii) all of the Warrant Shares, and (iii)
      any
      securities issued or issuable upon any stock split, dividend or other
      distribution, recapitalization or similar event with respect to the foregoing.
      

    

    “Registration
      Statement”
means
      the registration statements required to be filed hereunder and any additional
      registration statements contemplated by Section 3(c), 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.

    

    “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 or regulation
      hereafter adopted by the Commission having substantially the same purpose and
      effect as such Rule.

    

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

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Trading
      Day”
means
      any day on which the Common Stock is quoted on the Over the Counter Bulletin
      Board.

    

    2.
       Shelf
      Registration.

    

    On
      or
      prior to the Filing Date, the Company shall prepare and file with the Commission
      a Registration Statement covering the resale of all 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 S-1 (except
      if
      the Company is not then eligible to register for resale the Registrable
      Securities on Form S-1, in which case such registration shall be on another
      appropriate form in accordance herewith) and shall contain (unless otherwise
      directed by at least an 85% majority in interest of the Holders) substantially
      the “Plan
      of Distribution”
      attached hereto as Annex
      A.
      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, but in any event prior to the
      applicable Effectiveness Date, 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 (the “Effectiveness
      Period”).
      

    

    3.
       Registration
      Procedures.

    

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

    

    (a) Not
      less
      than 10 Trading Days prior to the filing of each Registration Statement and
      not
      less than one Trading 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 furnish to each Holder copies of all such documents proposed to be filed
      (other than those incorporated or deemed to be incorporated by reference).
      The
      Company shall not file a 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 5 Trading Days
      after the Holders have been so furnished copies of a Registration Statement
      or 1
      Trading 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
      as Annex
      B
      (a
“Selling
      Shareholder Questionnaire”)
      not
      less than 10 Trading Days prior to the Filing Date or by the end of the fourth
      Trading Day following the date on which such Holder receives draft materials
      in
      accordance with this Section. 

    

    (b) (i)
      Prepare and file with the Commission such amendments, including post-effective
      amendments, to a Registration Statement and the Prospectus used in connection
      therewith as may be necessary to keep a 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 the related 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.

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (c) If
      during
      the Effectiveness Period, the number of Registrable Securities at any time
      exceeds 100% of the number of shares of Common Stock then registered in a
      Registration Statement, then the Company shall file as soon as reasonably
      practicable, but in any case prior to the applicable Filing Date, an additional
      Registration Statement covering the resale by the Holders of not less than
      the
      number of such Registrable Securities. 

    

    (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 Trading Day prior to such filing) and (if requested by any such Person)
      confirm such notice in writing no later than one Trading Day following the
      day
      (i)(A) when a Prospectus or any Prospectus supplement or post-effective
      amendment to a 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 a 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 a 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 a Registration Statement
      ineligible for inclusion therein or any statement made in a 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 a Registration Statement, Prospectus or other
      documents so that, in the case of a 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 a 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,
      that
      notwithstanding each Holder’s agreement to keep such information confidential,
      the Holders make no acknowledgement that any such information is material,
      non-public information.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (e) Use
      its
      best efforts to avoid the issuance of, or, if issued, obtain the withdrawal
      of
      (i) any order suspending the effectiveness of a 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) 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).

    

    (g) 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 of the 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, 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.

    

    (h) 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 a 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
      request.

    

    (i) 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(h) to suspend the
      availability of a Registration Statement and Prospectus, subject to the payment
      of partial liquidated damages pursuant to Section 2(b), for a period not to
      exceed 60 calendar days (which need not be consecutive days) in any 12 month
      period.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

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

    

    (k) The
      Company may require each selling Holder to furnish to the Company a certified
      statement as to the number of shares of Common Stock beneficially owned by
      such
      Holder and, if required by the Commission, the natural persons thereof that
      have
      voting and dispositive control over the Shares. During any periods that the
      Company is unable to meet its obligations hereunder with respect to the
      registration of the Registrable Securities solely because any Holder fails
      to
      furnish such information within three Trading Days of the Company’s request, any
      liquidated damages that are accruing at such time as to such Holder only shall
      be tolled and any Event that may otherwise occur solely because of such delay
      shall be suspended as to such Holder only, until such information is delivered
      to the Company.

    

    4.
       Registration
      Expenses.
      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 a 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 on which the Common Stock is then listed for trading and (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), (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) Securities Act liability
      insurance, if the Company so desires such insurance, and (vi) 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, any legal fees or other costs of the Holders.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    5.
       Indemnification.

    

    (a) Indemnification
      by the Company.
      The
      Company shall, notwithstanding any termination of this Agreement, indemnify
      and
      hold harmless each Holder, 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 (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 or relating 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 Annex 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.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    (b) Indemnification
      by 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 Annex 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(c). In no event shall the liability of any selling
      Holder hereunder be greater in amount than the dollar amount of the net proceeds
      received by such Holder upon the sale of the Registrable Securities giving
      rise
      to such indemnification obligation.

    

    (c) Conduct
      of Indemnification Proceedings.
      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 have the right to 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 it shall be finally determined by a court of competent jurisdiction
      (which determination is not subject to appeal or further review) that such
      failure shall have prejudiced the Indemnifying Party.

    

    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; (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 counsel to the Indemnified Party shall
      reasonably believe 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 reasonable fees and expenses of no more than one
      separate counsel 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 or delayed. 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.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    Subject
      to the terms of this Agreement, all reasonable 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 Trading Days of written notice thereof to the
      Indemnifying Party; provided, that the Indemnified Party shall promptly
      reimburse the Indemnifying Party for that portion of such fees and expenses
      applicable to such actions for which such Indemnified Party is judicially
      determined to be not entitled to indemnification hereunder.

    

    (d) Contribution.
      If the
      indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified
      Party or insufficient to hold an Indemnified Party harmless for any Losses,
      then
      each Indemnifying Party shall contribute to the amount paid or payable by such
      Indemnified Party, in such proportion as is appropriate to reflect the relative
      fault of the Indemnifying Party and Indemnified Party in connection with the
      actions, statements or omissions that resulted in such Losses as well as any
      other relevant equitable considerations. The relative fault of such Indemnifying
      Party and Indemnified Party shall be determined by reference to, among other
      things, whether any action in question, including any untrue or alleged untrue
      statement of a material fact or omission or alleged omission of a material
      fact,
      has been taken or made by, or relates to information supplied by, such
      Indemnifying Party or Indemnified Party, and the parties’ relative intent,
      knowledge, access to information and opportunity to correct or prevent such
      action, statement or omission. The amount paid or payable by a party as a result
      of any Losses shall be deemed to include, subject to the limitations set forth
      in this Agreement, any reasonable attorneys’ or other fees or expenses incurred
      by such party in connection with any Proceeding to the extent such party would
      have been indemnified for such fees or expenses if the indemnification provided
      for in this Section was available to such party in accordance with its
      terms.

    

    The
      parties hereto agree that it would not be just and equitable if contribution
      pursuant to this Section 5(d) were determined by pro rata allocation or by
      any
      other method of allocation that does not take into account the equitable
      considerations referred to in the immediately preceding paragraph.
      Notwithstanding the provisions of this Section 5(d), no Holder shall be required
      to contribute, in the aggregate, any amount in excess of the amount by which
      the
      net proceeds actually received by such Holder from the sale of the Registrable
      Securities subject to the Proceeding exceeds the amount of any damages that such
      Holder has otherwise been required to pay by reason of such untrue or alleged
      untrue statement or omission or alleged omission.

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    The
      indemnity and contribution agreements contained in this Section are in addition
      to any liability that the Indemnifying Parties may have to the Indemnified
      Parties.

    

    6.
       Miscellaneous.

    

    (a) Piggyback
      on Registrations.
      The
      Company may include securities of the Company or other Persons in the
      Registration Statements. 

    

    (b) 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 a Registration Statement.

    

    (c) 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. 

    

    (d) Piggy-Back
      Registrations.
      If at
      any time during the Effectiveness Period there is not an effective Registration
      Statement covering all of the Registrable Securities and the Company shall
      determine to prepare and file with the Commission a registration statement
      relating to an offering for its own account or the account of others under
      the
      Securities Act of any of its equity securities, other than on Form S-4 or Form
      S-8 (each as promulgated under the Securities Act) or their then equivalents
      relating to equity securities to be issued solely in connection with any
      acquisition of any entity or business or equity securities issuable in
      connection with the stock option or other employee benefit plans, then the
      Company shall send to each Holder a written notice of such determination and,
      if
      within fifteen days after the date of such notice, any such Holder shall so
      request in writing, the Company shall include in such registration statement
      all
      or any part of such Registrable Securities such Holder requests to be
      registered; provided,
      however,
      that
      the Company shall not be required to register any Registrable Securities
      pursuant to this Section 6(d) that are eligible for resale pursuant to Rule
      144
      promulgated under the Securities Act or that are the subject of a then effective
      Registration Statement.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (e) Amendments
      and Waivers.
      The
      provisions of this Agreement, including the provisions of this sentence, may
      not
      be amended, modified or supplemented, and waivers or consents to departures
      from
      the provisions hereof may not be given, unless the same shall be in writing
      and
      signed by the Company and the Holders of a majority of the then outstanding
      Registrable Securities. If a Registration Statement does not register all of
      the
      Registrable Securities pursuant to a waiver or amendment done in compliance
      with
      the previous sentence, then the number of Registrable Securities to be
      registered for each Holder shall be reduced pro rata among all Holders and
      each
      Holder shall have the right to designate which of its Registrable Securities
      shall be omitted from such Registration Statement. Notwithstanding the
      foregoing, a waiver or consent to depart from the provisions hereof with respect
      to a matter that relates exclusively to the rights of Holders and that does
      not
      directly or indirectly affect the rights of other Holders may be given by
      Holders of all of the Registrable Securities to which such waiver or consent
      relates; provided,
      however,
      that
      the provisions of this sentence may not be amended, modified, or supplemented
      except in accordance with the provisions of the immediately preceding sentence.
      

    

    (f) Notices.
      Any and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be delivered as set forth in the Purchase Agreement.
      

    

    (g) 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 Holder may not assign (except by merger) its rights or obligations
      hereunder without the prior written consent of the Company.

    

    (h) No
      Inconsistent Agreements.
      The
      Company has not entered, as of the date hereof, nor shall the Company, on or
      after the date of this Agreement, enter into any agreement with respect to
      its
      securities, that would have the effect of impairing the rights granted to the
      Holders in this Agreement or otherwise conflicts with the provisions hereof.
      

    

    (i) Execution
      and Counterparts.
      This
      Agreement may be executed in two or more 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.

    

    (j) Governing
      Law.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be determined in accordance with the provisions of
      the
      Purchase Agreement.

    

    (k) 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 commercially 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 including any of such that may
      be
      hereafter declared invalid, illegal, void or unenforceable.

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    (l) Headings.
      The
      headings in this Agreement are for convenience only, do not constitute a part
      of
      the Agreement and shall not be deemed to limit or affect any of the provisions
      hereof.

    

    (m) Independent
      Nature of Holders’ Obligations and Rights.
      The
      obligations of each Holder hereunder are several and not joint with the
      obligations of any other Holder hereunder, and no 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.

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties have executed this Registration Rights Agreement
      as
      of the date first written above.

    

    
      	
              SMART
                ENERGY SOLUTIONS, INC.

               

            
	
              By:
                __________________________________________

              Name:

              Title:

            

    

         

    

     

    

    

    [SIGNATURE
      PAGE OF HOLDERS FOLLOWS]

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    [SIGNATURE
      PAGE OF HOLDERS]

     

    Name
      of
      Holder: __________________________

    Signature
      of Authorized Signatory of Holder:
      __________________________

    Name
      of
      Authorized Signatory: _________________________

    Title
      of
      Authorized Signatory: __________________________

     

    

    

    [SIGNATURE
      PAGES CONTINUE]

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    Annex
      A

    

    Plan
      of Distribution

    

    Each
      Selling Stockholder (the “Selling
      Stockholders”)
      of the
      common stock and any of their pledgees, assignees and successors-in-interest
      may, from time to time, sell any or all of their shares of common stock on
      the
      OTC 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.

     

    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. 

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    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
      Company is required to pay certain fees and expenses incurred by the Company
      incident to the registration of the shares. The Company has agreed to indemnify
      the Selling Stockholders against certain losses, claims, damages and
      liabilities, including liabilities under the Securities Act. 

     

    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.

     

    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 under the
      Securities Act or any other rule of similar effect or (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. 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.

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

       

    

    Under
      applicable rules and regulations under the Exchange Act, any person engaged
      in
      the distribution of the resale shares may not simultaneously engage in market
      making activities with respect to the common stock for the applicable restricted
      period, as defined in Regulation M, prior to the commencement of the
      distribution. In addition, the Selling Stockholders will be subject to
      applicable provisions of the Exchange Act and the rules and regulations
      thereunder, including Regulation M, which may limit the timing of purchases
      and
      sales of shares of the common stock by the Selling Stockholders or any other
      person. We will make copies of this prospectus available to the Selling
      Stockholders and have informed them of the need to deliver a copy of this
      prospectus to each purchaser at or prior to the time of the sale (including
      by
      compliance with Rule 172 under the Securities Act).

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    Annex
      B

     

    SMART
      ENERGY SOLUTIONS, INC

     

    Selling
      Securityholder Notice and Questionnaire

     

    The
      undersigned beneficial owner of common stock (the “Registrable
      Securities”)
      of
      Smart Energy Solutions, Inc., a Nevada 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.

     

    Certain
      legal consequences arise from being named as a selling securityholder 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 securityholder in the Registration Statement and the related
      prospectus.

     

    NOTICE

     

    The
      undersigned beneficial owner (the “Selling
      Securityholder”)
      of
      Registrable Securities hereby elects to include the Registrable Securities
      owned
      by it in the Registration Statement.

     

    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
                Securityholder

            

    

     

    
      	 
	 

    

    

    
      	 	
              (b)

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

            

    

     

    
      	 
	 

    

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (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 Securityholder:

     

    
      	 
	 
	 

    

    
      	
              Telephone: 

            	 
	
              Fax: 

            	 
	
              Contact
                Person: 

            	 

    

    

    3.
      Broker-Dealer Status:

     

    
      	 	
              (a)

            	
              Are
                you a broker-dealer?

            

    

     

    Yes
o      No
o

     

    
      	 	
              (b)

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

            

    

     

    Yes
o   No
o

     

    
      	 	
              Note:

            	
              If
                no, the Commission’s staff has indicated that you should be identified as
                an underwriter in the Registration
                Statement.

            

    

     

    
      	 	
              (c)

            	
              Are
                you an affiliate of a
                broker-dealer?

            

    

     

    Yes
o   No
o 

     

    
      	 	
              (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
o   No
o

     

    
      	 	
              Note:

            	
              If
                no, the Commission’s staff has indicated that you should be identified as
                an underwriter in the Registration
                Statement.

            

    

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    4.
      Beneficial Ownership of Securities of the Company Owned by the Selling
      Securityholder.

     

    Except
      as set forth below in this Item 4, the undersigned is not the beneficial or
      registered owner of any securities of the Company other than the securities
      issuable pursuant to the Purchase Agreement.

     

    
      	 	
              (a)

            	
              Type
                and Amount of other securities beneficially owned by the Selling
                Securityholder:

            

    

     

    
      	 
	 
	 

    

    

     

    5.
      Relationships with the Company:

     

    Except
      as set forth below, neither the undersigned nor any of its affiliates, officers,
      directors 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:

     

    
      	 
	 
	 

    

    The
      undersigned agrees to promptly notify the Company of any inaccuracies or changes
      in the information provided herein that may occur subsequent to the date hereof
      at any time while the Registration Statement remains effective.

     

    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.

     

    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.

    

      
        	
                Dated:
                  _______________________________

              	
                Beneficial
                  Owner: ________________________________

              
	 	 
	 	
                By: ___________________________________________

              
	 	
                Name:

              
	
                 

              	
                Title:

              

      

    

    PLEASE
      FAX A COPY OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN
      THE ORIGINAL BY OVERNIGHT MAIL, TO THE COMPANY

     

    
      
        
        

      

      
        20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]