Document:

Unassociated Document

    [_____],
      2008

    

    Green
      Energy Acquisition Corporation

    191
      Main
      Street

    Annapolis,
      MD 21401

    

    SunTrust
      Robinson Humphrey, Inc.

    Individually,
      and as representative of the several underwriters

    3333
      Peachtree Road, NE

    Atlanta,
      GA 30326

     

    Re: Initial
      Public Offering

     

    Ladies
      and Gentlemen:

     

    The
      undersigned officer and director of Green Energy Acquisition Corporation
      (“Company”),
      in
      consideration of SunTrust Robinson Humphrey, Inc., individually and as
      representative of the underwriters (the “Underwriter”)
      agreeing to underwrite an initial public offering (“IPO”)
      of the
      Company’s units (“Units”),
      each
      comprised of one share of the Company’s common stock, par value $.0001 per share
      (“Common
      Stock”),
      and
      one warrant exercisable for one share of Common Stock (“Warrant”),
      and
      embarking on the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph 20 hereof):

     

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will (i) vote all Insider Shares beneficially owned by such person
      in accordance with the majority of the votes cast by the holders of the IPO
      Shares and (ii) vote any shares of Common Stock acquired following or in the
      IPO
      in favor of the Business Combination.

     

    2.  In
      the
      event that the Company fails to consummate a Business Combination within 24
      months after the consummation of the IPO (the “Effective
      Date”),
      the
      undersigned will (i) cause the Trust Account to be liquidated and distributed
      to
      the holders of IPO Shares and (ii) take all reasonable actions within his power
      to cause the Company to liquidate as soon as reasonably practicable. The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to any distribution of the Trust Account and any remaining net assets
      of the Company as a result of such liquidation with respect to the Insider
      Shares beneficially owned by him (“Claim”)
      and
      hereby waives any Claim the undersigned may have in the future as a result
      of,
      or arising out of, any contracts or agreements with the Company and will not
      seek recourse against the Trust Account for any reason whatsoever. In the event
      of the liquidation of the Trust Account, the undersigned agrees to indemnify
      and
      hold harmless the Company against any and all loss, liability, claims, damage
      and expense whatsoever (including, but not limited to, any and all legal or
      other expenses reasonably incurred in investigating, preparing or defending
      against any litigation, whether pending or threatened, or any claim whatsoever)
      to which the Company may become subject as a result of any claim by any vendor,
      service provider, financing provider or other person who is owed money by the
      Company for services rendered or products sold or contracted for, or by any
      prospective target business, but only to the extent necessary to ensure that
      such loss, liability, claim, damage or expense does not reduce the amount of
      funds in the Trust Account and only if such vendor, service provider, financing
      provider or other person who is owed money by the Company for services rendered
      or products sold or contracted for, or prospective target business does not
      execute a valid and enforceable agreement waiving any such claims against the
      Trust Account. 

     

    
      
        
        

      

      
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    3.  In
      order
      to minimize potential conflicts of interest that may arise from multiple
      affiliations, the undersigned agrees to present to the Company for its
      consideration, prior to presentation to
      any
      other person or entity, any opportunity to acquire an operating business in
      the
      renewable energy industry with an enterprise value greater than 70% of the
      value
      of the amount in the Trust Account, until the earliest of the consummation
      by
      the Company of a Business Combination, the liquidation of the Company or until
      such time as the undersigned ceases to be an officer or director of the Company,
      subject to any pre-existing fiduciary and contractual obligations the
      undersigned might have.

     

    4.  The
      undersigned acknowledges and agrees that in the event that the Company
      consummates a Business Combination that involves a company that is affiliated
      with any of the Insiders, the Company will obtain an opinion from an independent
      investment banking firm that may or may not be a member of the Financial
      Industry Regulatory Authority, Inc. that the Business Combination is fair to
      the
      Company’s unaffiliated stockholders from a financial perspective.

     

    5.  Neither
      the undersigned, nor any affiliate of the undersigned (“Affiliate”), shall
      be entitled to receive, and will not accept, any compensation for services
      rendered to the Company prior to, or in connection with, the consummation of
      the
      Business Combination,
      except
      as disclosed in the Company’s registration statement on Form S-1 (No.
      333-[_____]).

     

    6.  The
      undersigned agrees that none of the undersigned, any member of the immediate
      family of the undersigned or any Affiliate of the undersigned will be entitled
      to receive or accept, and the undersigned, on behalf of the undersigned and
      the
      aforementioned parties, hereby waives any rights to, a finder’s fee or any other
      compensation in the event the undersigned, any member of the immediate family
      of
      the undersigned or any Affiliate of the undersigned originates a Business
      Combination.

     

    7.  The
      undersigned agrees that that if the Underwriter does not exercise in full the
      underwriters’ over-allotment option to purchase an additional 3,000,000 Units
      within 45 days of the Effective Date, the escrow agent shall return to the
      Company for cancellation, at no cost, the number of Insider Shares beneficially
      owned by the undersigned, determined by multiplying the number of Insider Shares
      subject to forfeiture (a maximum of 750,000 Insider Shares) beneficially owned
      by the undersigned by a fraction, (a) the numerator of which is 3,000,000 minus
      the number of shares of Common Stock purchased by the underwriters upon the
      exercise of the over-allotment option, and (b) the denominator of which is
      3,000,000;

     

    8.  The
      undersigned will escrow all of the Insider Shares beneficially owned by him
      acquired prior to the IPO until one year after the consummation by the Company
      of a Business Combination, or earlier if, following a Business Combination,
      the
      Company consummates a transaction after the consummation of the initial Business
      Combination that results in all of the stockholders of the combined entity
      having the right to exchange their shares of Common Stock for cash, securities
      or other property, subject to the terms of a stock escrow agreement that the
      Company will enter into with the undersigned and an escrow agent acceptable
      to
      the Company.

     

    9.  The
      undersigned agrees to be Chief Executive Officer and Chairman of the Board
      of
      Directors of the Company until the earlier of the consummation by the Company
      of
      a Business Combination or the liquidation of the Company.  The
      undersigned’s biographical information furnished to the Company and the
      Underwriter and attached hereto as Exhibit
      A
      is true
      and accurate in all respects, does not omit any material information with
      respect to the undersigned’s background and contains all of the information
      required to be disclosed pursuant to Item 401 of Regulation S-K promulgated
      under the Securities Act of 1933, as amended.  The undersigned’s
      questionnaire furnished to the Company and the Underwriter, and attached hereto
      as Exhibit
      B,
      is true
      and accurate in all respects.  The undersigned further represents and
      warrants to the Company and the Underwriter that:

     

    
      
        
        

      

      
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    (a) The
      undersigned is not subject to or a respondent in any legal action for, any
      injunction, cease-and-desist order or order or stipulation to desist or refrain
      from any act or practice relating to the offering of securities in any
      jurisdiction;

     

    (b) The
      undersigned has never been convicted of or pleaded guilty to any crime (i)
      involving any fraud or (ii) relating to any financial transaction or handling
      of
      funds of another person, or (iii) pertaining to any dealings in any securities
      and such person is not currently a defendant in any such criminal proceeding;
      and

     

    (c) The
      undersigned has never been suspended or expelled from membership in any
      securities or commodities exchange or association or had a securities or
      commodities license or registration denied, suspended or revoked.

     

    10.  The
      undersigned has full right and power, without violating any agreement by which
      the undersigned is bound, to enter into this letter agreement and to serve
      as
      Chief Executive Officer and Chairman of the Board of Directors of the
      Company.

     

    11.  This
      letter agreement shall be binding on the undersigned and such person’s
      successors, heirs, personal representatives and assigns. This letter agreement
      shall terminate on the earlier of (i) the date of the Company’s consummation of
      a Business Combination or (ii) the dissolution and liquidation of the Company;
      provided,
      however,
      that
      any such termination shall not relieve the undersigned from any liability
      resulting from or arising out of any breach of any agreement or covenant
      hereunder occurring prior to the termination of this letter
      agreement.

     

    12.  The
      undersigned hereby waives his right to exercise conversion rights with respect
      to any shares of the Company’s Common Stock owned or to be owned by the
      undersigned, directly or indirectly, and agrees that he will not seek conversion
      with respect to such shares in connection with any vote to approve a Business
      Combination.

     

    13.  The
      undersigned hereby agrees to not propose, or vote in favor of, any amendment
      to
      the Company’s Amended and Restated Certificate of Incorporation to extend the
      period of time in which the Company must consummate a Business Combination
      prior
      to its liquidation. This paragraph may not be modified or amended under any
      circumstances.

     

    14.  The
      undersigned is a beneficial owner of, and has a controlling interest in, Green
      Energy Acquisition Holdings, LLC (“Holdings”),
      an
      entity that owns a majority of Insider Shares, and that will own Warrants
      following a private placement that will occur immediately prior to the IPO.
      The
      undersigned shall not (x) sell, offer to sell, contract or agree to sell,
      hypothecate, pledge, grant any option to purchase or otherwise dispose of or
      agree to dispose of, directly or indirectly, or, except as provided in that
      certain Registration Rights Agreement dated as of the date hereof pertaining
      to
      the Insider Shares of the undersigned, file (or participate in the filing of)
      a
      registration statement with the Securities Exchange Commission (“SEC”)
      in
      respect of, or establish or increase a put equivalent position or liquidate
      or
      decrease a call equivalent position within the meaning of Section 16 of the
      Securities Exchange Act of 1934, as amended, and the rules and regulations
      of
      the SEC promulgated thereunder with respect to, any Insider Shares or Warrants,
      (y) enter into any swap or other arrangement that transfers to another, in
      whole
      or in part, any of the economic consequences of ownership of Insider Shares
      or
      Warrants, whether any such transaction is to be settled by delivery of shares
      of
      Common Stock, in cash or otherwise, or (z) publicly announce an intention to
      effect any transaction specified in clause (x) or (y) until:
      

     

    
      
        
        

      

      
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    (a) for
      Insider Shares, the first anniversary of an initial Business Combination, or
      earlier if, following a Business Combination, the Company consummates a
      transaction that results in all of its stockholders having the right to exchange
      their shares of Common Stock for cash, securities or other property (the
“Insider
      Shares Lock-Up Period”).
      Notwithstanding the foregoing, the undersigned may transfer the undersigned’s
      Insider Shares during the applicable Insider Shares Lock-Up Period (i) to
      persons or entities controlling, controlled by, or under common control with
      the
      undersigned, or to any stockholder, member, partner or limited partner of such
      entity, (ii) to family members and trusts of permitted assignees for estate
      planning purposes or, upon the death of an escrow depositor, to an estate or
      beneficiaries of permitted assignees, or (iii) by private sales made in
      compliance with applicable securities laws at or prior to the consummation
      of a
      Business Combination at prices no greater than the price at which the Insider
      Shares were originally purchased; in each case, such transferees will be subject
      to the same transfer restrictions until after the Company completes its initial
      Business Combination; or

     

    (b) for
      Warrants, the later of (i) one year after the Effective Date and (ii) sixty
      days
      after the consummation of the Company’s initial Business Combination, but in no
      event will the Warrants be released from escrow prior to the Company’s initial
      Business Combination (the “Warrant
      Lock-Up Period”).
      Notwithstanding the foregoing, the undersigned may transfer the undersigned’s
      Warrants during the applicable Warrant Lock-Up Period (i) to persons or entities
      controlling, controlled by, or under common control with the undersigned, or
      to
      any stockholder, member, partner or limited partner of such entity, (ii) to
      family members and trusts of permitted assignees for estate planning purposes
      or, upon the death of any such person, to an estate or beneficiaries of
      permitted assignees or (iii) by private sales made in compliance with applicable
      securities laws at or prior to the consummation of a Business Combination at
      prices no greater than the price at which the Warrants were originally
      purchased; in each case, such transferees will be subject to the same transfer
      restrictions as the undersigned until after the Company completes its initial
      Business Combination;

     

       provided,
      however,
      that
      the permissive transfers pursuant to clauses (a) and (b) may be implemented
      only
      upon the respective transferee’s written agreement to be bound by the terms and
      conditions of this letter agreement. During the applicable Lock-Up Period,
      the
      undersigned shall not grant a security interest in the undersigned’s Insider
      Shares or Warrants, whichever may be applicable. 

     

    15.  In
      the
      event that the Company does not consummate a Business Combination and must
      liquidate and its remaining net assets are insufficient to complete such
      liquidation, the undersigned agrees to advance such funds necessary to complete
      such liquidation and agrees not to seek repayment for such
      expenses.

     

    16.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Underwriter and its legal representatives
      or
      agents (including any investigative search firm retained by the Underwriter)
      any
      information they may have about the undersigned’s background and finances
      (“Information”)
      and
      hereby ratifies any such action that shall have been taken prior to the date
      of
      this letter agreement.  Neither the Underwriter nor its agents shall be
      violating, or shall have violated, the undersigned’s right of privacy in any
      manner in requesting and obtaining the Information and the undersigned hereby
      releases them from liability for any damage whatsoever in that
      connection.

     

    17.  The
      undersigned acknowledges and understands that the Underwriter and the Company
      will rely upon the agreements, representations and warranties set forth herein
      in proceeding with the IPO. Nothing contained herein shall be deemed to render
      the Underwriter a representative of, or a fiduciary with respect to, the
      Company, its stockholders or any creditor or vendor of the Company with respect
      to the subject matter hereof.

     

    
      
        
        

      

      
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    18.  This
      letter agreement shall be governed by, and interpreted and construed in
      accordance with, the laws of the State of New York applicable to contracts
      formed and to be performed entirely within the State of New York, without regard
      to the conflicts of law provisions thereof to the extent such principles and
      rules would require or permit the application of the laws of another
      jurisdiction. The undersigned hereby agrees that any action, proceeding or
      claim against the undersigned arising out of or relating in any way to this
      letter agreement shall be brought and enforced in the courts of the State of
      New
      York or the United States District Court for the Southern District of New York,
      and irrevocably submits to such jurisdiction, which jurisdiction shall be
      exclusive. The undersigned hereby waives any objection to such exclusive
      jurisdiction and agrees not to object to such jurisdiction on the grounds that
      such courts represent an inconvenient forum.

     

    19.  No
      term
      or provision of this letter agreement may be amended, changed, waived, altered
      or modified except by written instrument executed and delivered by the party
      against whom such amendment, change, waiver, alteration or modification is
      to be
      enforced.

     

    20.  As
      used
      herein, (i) a “Business
      Combination”
shall
      mean the initial acquisition, or acquisition of control of, one or more
      operating businesses in the renewable industry through a merger, capital stock
      exchange, asset acquisition, stock purchase or other similar business
      combination; (ii) “Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (iii) “Insider
      Shares”
shall
      mean all of the shares of Common Stock of the Company acquired by an Insider
      prior to the IPO, a portion of which is subject to forfeiture in the event
      the
      Underwriter does not exercise its over-allotment option, as more fully described
      in paragraph 8 above; (iv) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; and (v)
“Trust
      Account”
shall
      mean the trust account into which the net proceeds of the Company’s IPO will be
      deposited.

     

     

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      remainder of this page intentionally left blank]

     

     

    
      
        
        

      

      
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	 	Name:
              WAYNE L. ROGERS
	 
 	 
 	 
 
	 	  	 
	 	
              
Signature

    

     

    
      	Accepted and
              agreed:     	 	 	 
	 	 	 	 
	
              SUNTRUST
                ROBINSON HUMPHREY, INC.

              Individually
                and as representative of the several
                underwriters 

            	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
              

              Name: 

              Title: 

            	 	 	
            

       

      
        	Accepted and
                agreed:   	 	 	 
	 	 	 	 
	
                GREEN
                  ENERGY ACQUISITION CORPORATION

                 

              	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
                

                
                  Name: Wayne
                    L. Rogers

                  Title:
                    Chief Executive Officer and Chairman 

                

              	 	 	
              

      
        
          [Signature
            Page Insider Letter]

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

     

    EXHIBIT
      A

     

     

    [insert
      biography from S-1]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

     

    [questionnaire]Unassociated Document

    INVESTMENT
      MANAGEMENT TRUST AGREEMENT

     

    This
      Agreement is made as of [____],
      2008 by
      and between Green Energy Acquisition Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (the
      “Trustee”).

    

    WHEREAS,
      the Company’s
      registration statement on Form S-1, No. 333-[____]
      (the
“Registration
      Statement”),
      relating to the initial public offering of its securities (the “IPO”)
      has
      been declared effective as of the date hereof (the “Effective
      Date”)
      by the
      Securities and Exchange Commission (capitalized terms used herein and not
      otherwise defined shall have the meanings set forth in the Registration
      Statement);

    

    WHEREAS,
      SunTrust
      Robinson Humphrey, Inc. (“SunTrust”)
      is
      acting as the representative of the underwriters in the IPO;

    

    WHEREAS,
      subject to adjustment in the event the Company’s existing shareholders purchase
      any additional shares in the IPO, as described in the Registration Statement,
      and in accordance with the Company’s amended and restated certificate of
      incorporation, an aggregate of $197,050,000 (or $225,940,000, if the
      underwriters’ over-allotment option is exercised in full), which is comprised of
      (i) the net proceeds of the IPO (except as provided in the Registration
      Statement); (ii) $5,250,000 received by the Company in exchange for its
      securities issued pursuant to the private placement that will take place
      immediately prior to the closing of the IPO; and (iii) an additional $6,600,000
      (or $7,590,000, if the underwriters’ over-allotment option is exercised in full)
      of the proceeds of the IPO, representing deferred underwriting discounts and
      commissions (the “Deferred
      Discount”),
      which
      the underwriters have agreed to deposit in the Trust Account (as defined below),
      will be delivered to the Trustee to be deposited and held in the Trust Account
      for the benefit of the Company, and the holders of shares of the Company’s
      common stock, par value $0.0001 per share (“Common
      Stock”),
      that
      form a part of the units of the Company’s securities issued in the IPO (the
“Units”).
      The
      amount to be delivered to the Trustee will be referred to herein as the
“Property,”
the
      stockholders for whose benefit the Trustee shall hold the Property will be
      referred to as the “Public
      Stockholders,”
and
      the Public Stockholders, the underwriters and the Company will be referred
      to
      collectively as the “Beneficiaries;”
      and

    

    WHEREAS,
      the Company and the Trustee desire to enter into this Agreement to set forth
      the
      terms and conditions pursuant to which the Trustee shall hold the
      Property.

    

    NOW,
      THEREFORE,
      in
      consideration of the foregoing and the mutual covenants and agreements herein
      contained, the parties hereto agree as follows:

    

    1. Agreements
      and Covenants of Trustee.
      The
      Trustee hereby agrees and covenants to:

     

    (a) Hold
      the
      Property in trust for the Beneficiaries in accordance with the terms of this
      Agreement in a segregated trust account (“Trust
      Account”)
      established by the Trustee; 

    

    (b) Manage,
      supervise and administer the Trust Account subject to the terms and conditions
      set forth herein;

    

    (c) In
      a
      timely manner, upon the instruction of the Company, to invest and reinvest
      the
      Property in United States “government securities” within the meaning of Section
      2(a)(16) of the Investment Company Act of 1940 having a maturity of 180 days
      or
      less,
      and/or
      in any open ended investment company registered under the Investment Company
      Act
      of 1940 that holds itself out as a money market fund selected by the Company
      meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7
      promulgated under the Investment Company Act of 1940, as determined by the
      Company;

    

    
      
        
        

      

      
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    (d) Collect
      and receive, when due, all principal and income arising from the Property,
      which
      shall become part of the “Property,”
as
      such term is used herein;

    

    (e) Notify
      the Company of all communications received by it with respect to any Property
      requiring action by the Company;

    

    (f) Supply
      any necessary information or documents as may be requested by the Company in
      connection with the Company’s preparation of its tax returns;

    

    (g) Participate
      in any plan or proceeding for protecting or enforcing any right or interest
      arising from the Property if, as and when instructed by the Company to do
      so;

    

    (h) Render
      to
      the Company and to SunTrust, and to such other person as the Company may
      instruct, monthly written statements of the activities of and amounts in the
      Trust Account reflecting all receipts and disbursements of the Trust Account;
      

    

    (i) If
      there
      is any income or other tax obligation relating to the income from the Property
      in the Trust Account as determined by the Company, then, from time to time,
      at
      the written instruction of the Company, the Trustee shall promptly to the extent
      there is not sufficient cash in the Trust Account to pay such tax obligation,
      liquidate such assets held in the Trust Account as shall be designated by the
      Company in writing, and disburse to the Company by wire transfer, out of the
      Property in the Trust Account, the amount indicated by the Company as owing
      in
      respect of such income tax obligation; and

    

    (j) Commence
      liquidation of the Trust Account only after and promptly after receipt of,
      and
      only in accordance with, the terms of a letter (the “Termination
      Letter”),
      in a
      form substantially similar to that attached hereto as either Exhibit
      A
      or
Exhibit B
      hereto,
      signed on behalf of the Company by its President or Chairman of the Board and
      Secretary or Assistant Secretary or other authorized officer of the Company,
      and
      complete the liquidation of the Trust Account and distribute the Property in
      the
      Trust Account only as directed in the Termination Letter and the other documents
      referred to therein; provided,
      however,
      that in
      the event that a Termination Letter has not been received by the Trustee by
      the
      close of business on the “business day” that is the 24-month anniversary of the
      consummation of the IPO (the “Last
      Date”),
      the
      Trust Account shall be liquidated in accordance with the procedures set forth
      in
      the Termination Letter attached as Exhibit
      B
      hereto
      and distributed to the designated paying agent for distribution to the
      stockholders of record on the Last Date. A business day shall be any day that
      is
      not a Saturday, Sunday or other day on which banks are required or authorized
      to
      be closed in the City of New York. In all cases, the Trustee shall provide
      SunTrust with a copy of any Termination Letter and/or any other correspondence
      that it receives with respect to any proposed withdrawal from the Trust Account
      promptly after it receives same. The provisions of this Section 1(j) may not
      be
      modified, amended or deleted under any circumstances.

    

    
      
        
        

      

      
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    2. Limited
      Distributions of Income from Trust Account.
      

    

    (a) Upon
      written request from the Company, which may be given from time to time in a
      form
      substantially similar to that attached hereto as Exhibit
      C,
      the
      Trustee shall distribute to the Company from interest earned on the Trust
      Account the amount requested by the Company to
      cover
any
      income tax obligation owed by the Company;

     

    (b) Upon
      written request from the Company, which may be given from time to time in a
      form
      substantially similar to that attached hereto as Exhibit
      D,
      the
      Trustee shall distribute to the Company from interest earned on the Trust
      Account (net of income taxes payable thereon assuming a rate of 40%) the amount
      requested by the Company to
      cover
      expenses related to investigating and selecting a target business and other
      working capital requirements; provided,
      however,
      that the
      aggregate amount of all such distributions shall not exceed the lesser of (i)
      the aggregate amount of interest and any other income actually received or
      paid
      on amounts in the Trust Account less an amount equal to estimated taxes that
      are
      or will be due on such income at an assumed rate of 40%, and (ii) $2,200,000,
      net of income taxes payable thereon assuming a rate of 40%.

    

    (c) The
      limited distributions referred to in Sections 2(a) and 2(b) above shall be
      made
      only from income collected on the Property. Except as provided in Sections
      2(a)
      and 2(b) above, no other distributions from the Trust Account shall be permitted
      except in accordance with Sections 1(i) and (j) hereof.

    

    3. Agreements
      and Covenants of the Company.
      The
      Company hereby agrees and covenants to:

    

    (a) Give
      all
      instructions to the Trustee hereunder in writing, signed by the Company’s
      Chairman of the Board or President or other authorized officer, provided
      that any
      Termination Letter shall be given pursuant to the requirements of paragraph
      1(j)
      hereof.
      In
      addition, except with respect to its duties under paragraphs 1(i), 1(j), 2(a)
      and 2(b) above, the Trustee shall be entitled to rely on, and shall be protected
      in relying on, any verbal or telephonic advice or instruction which it in good
      faith believes to be given by any one of the persons authorized by this
      paragraph to give written instructions, provided that the Company shall promptly
      confirm such instructions in writing;

    

    (b) Hold
      the
      Trustee harmless and indemnify the Trustee from and against, any and all
      expenses, including reasonable counsel fees and disbursements, or loss suffered
      by the Trustee in connection with any action, suit or other proceeding brought
      against the Trustee involving any claim, or in connection with any claim or
      demand which in any way arises out of or relates to this Agreement, the services
      of the Trustee hereunder, or the Property or any income earned from investment
      of the Property, except for expenses and losses resulting from the Trustee's
      gross negligence or willful misconduct. Promptly after the receipt by the
      Trustee of notice of demand or claim or the commencement of any action, suit
      or
      proceeding, pursuant to which the Trustee intends to seek indemnification under
      this paragraph, it shall notify the Company in writing of such claim
      (hereinafter referred to as the “Indemnified
      Claim”).
      The
      Trustee shall have the right to conduct and manage the defense against such
      Indemnified Claim, provided that the Trustee shall obtain the consent of the
      Company with respect to the selection of counsel, which consent shall not be
      unreasonably withheld. The Trustee may not agree to settle any Indemnified
      Claim
      without the prior written consent of the Company, which consent shall not be
      unreasonably withheld. The Company may participate in such action with its
      own
      counsel; 

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (c) Pay
      the
      Trustee an initial acceptance fee, an annual fee and a transaction processing
      fee for each disbursement made pursuant to Section 2 as set forth on
Schedule
      A
      hereto,
      which fees shall be subject to modification by mutual agreement of the parties
      from time to time. It is expressly understood that the Property shall not be
      used to pay such fees and further agreed that said transaction processing fees
      shall be deducted by the Trustee from accumulated income at the time that
      disbursements are made to the Company pursuant to Section 2. The Company shall
      pay the Trustee the initial acceptance fee and first annual fee at the
      consummation of the IPO and the annual fee thereafter on the anniversary of
      the
      Effective Date. The Trustee shall refund to the Company the annual fee (on
      a pro
      rata basis) with respect to any period after the liquidation of the Trust
      Account. The Company shall not be responsible for any other fees or charges
      of
      the Trustee except as set forth in this Section 3(c) and as may be provided
      in
      Section 3(b) hereof (it being expressly understood that the Property shall
      not
      be used to make any payments to the Trustee under such Sections, except to
      the
      extent it is distributed to the Company pursuant to Section 2); and

    

    (d) In
      connection with any vote of the Company’s stockholders regarding a Business
      Combination, provide to the Trustee an affidavit or certificate of a firm
      regularly engaged in the business of soliciting proxies and/or tabulating
      stockholder votes verifying the vote of the Company’s stockholders regarding
      such Business Combination.

    

    4. Limitations
      of Liability.
      The
      Trustee shall have no responsibility or liability to:

    

    (a) Take
      any
      action with respect to the Property, other than as directed in Sections 1 and
      2
      hereof and the Trustee shall have no liability to any party except for liability
      arising out of its own gross negligence or willful misconduct;

    

    (b) Institute
      any proceeding for the collection of any principal and income arising from,
      or
      institute, appear in or defend any proceeding of any kind with respect to,
      any
      of the Property unless and until it shall have received instructions from the
      Company given as provided herein to do so and the Company shall have advanced
      or
      guaranteed to it funds sufficient to pay any expenses incident
      thereto;

    

    (c) Change
      the investment of any Property, other than in compliance with
      paragraph 1(c);

    

    (d) Refund
      any depreciation in principal of any Property;

    

    (e) Assume
      that the authority of any person designated by the Company to give instructions
      hereunder shall not be continuing unless provided otherwise in such designation,
      or unless the Company shall have delivered a written revocation of such
      authority to the Trustee;

    

    (f) The
      other
      parties hereto or to anyone else for any action taken or omitted by it, or
      any
      action suffered by it to be taken or omitted, in good faith and in the exercise
      of its own best judgment, except for its gross negligence or willful misconduct.
      The Trustee may rely conclusively and shall be protected in acting upon any
      order, notice, demand, certificate, opinion or advice of counsel (including
      counsel chosen by the Trustee), statement, instrument, report or other paper
      or
      document (not only as to its due execution and the validity and effectiveness
      of
      its provisions, but also as to the truth and acceptability of any information
      therein contained) which is believed by the Trustee, in good faith, to be
      genuine and to be signed or presented by the proper person or persons. The
      Trustee shall not be bound by any notice or demand, or any waiver, modification,
      termination or rescission of this Agreement or any of the terms hereof, unless
      evidenced by a written instrument delivered to the Trustee signed by the proper
      party or parties and, if the duties or rights of the Trustee are affected,
      unless it shall give its prior written consent thereto;

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (g) Verify
      the correctness of the information set forth in the Registration Statement
      or to
      confirm or assure that any acquisition made by the Company or any other action
      taken by it is as contemplated by the Registration Statement; 

    

    (h) File
      information returns with the United States Internal Revenue Service and payee
      statements with the Company, documenting the taxes payable by the Company,
      if
      any, relating to interest earned on the Property; 

    

    (i) Prepare,
      execute and file tax reports, income or other tax returns and pay any taxes
      with
      respect to income and activities relating to the Trust Account, regardless
      of
      whether such tax is payable by the Trust Account or the Company (including
      but
      not limited to income tax obligations), it being expressly understood that
      as
      set forth in Section 1(i), if there is any income or other tax obligation
      relating to the Trust Account or the Property in the Trust Account, as
      determined from time to time by the Company and regardless of whether such
      tax
      is payable by the Company or the Trust, at the written instruction of the
      Company, the Trustee shall make funds available in cash from the Property in
      the
      Trust Account an amount specified by the Company as owing to the applicable
      taxing authority, which amount shall be paid directly to the Company by
      electronic funds transfer, account debit or other method of payment, and the
      Company shall forward such payment to the taxing authority; and

    

    (j) Verify
      calculations, qualify or otherwise approve the Company’s requests for
      distributions pursuant to Section 1(j) above.

    

    5. Termination.
      This
      Agreement shall terminate as follows:

    

    (a) If
      the
      Trustee gives written notice to the Company that it desires to resign under
      this
      Agreement, the Company shall use its reasonable efforts to locate a successor
      trustee. At such time that the Company notifies the Trustee that a successor
      trustee has been appointed by the Company and has agreed to become subject
      to
      the terms of this Agreement, the Trustee shall transfer the management of the
      Trust Account to the successor trustee, including but not limited to the
      transfer of copies of the reports and statements relating to the Trust Account,
      whereupon this Agreement shall terminate; provided, however, that, in the event
      that the Company does not locate a successor trustee within ninety days of
      receipt of the resignation notice from the Trustee, the Trustee may submit
      an
      application to have the Property deposited with any court in the State of New
      York or with the United States District Court for the Southern District of
      New
      York and, upon such deposit, the Trustee shall be immune from any liability
      whatsoever; or 

    

    (b) At
      such
      time that the Trustee has completed the liquidation of the Trust Account in
      accordance with the provisions of paragraph 1(j) hereof, and distributed the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Section 3(b).

    

    6. Miscellaneous.

    

    (a) Notwithstanding
      any other provision of this Agreement, the Trustee confirms its understanding
      that the Company has established the Trust Account relating to the Units being
      sold in the IPO. The Trustee acknowledges that the Trust Account will exist
      for
      the benefit of the Company’s Public Stockholders and the monies from the Trust
      Account may only be disbursed upon the occurrence of certain events, as more
      fully described in the Prospectus, and the Trustee hereby waives any and all
      right, title, interest or claim of any kind in or to any distribution of any
      property held in the Trust Account that it or its affiliates may have now or
      in
      the future and hereby agrees not to seek recourse, reimbursement, payment or
      satisfaction for any claim of any kind against the Trust Account for any reason
      whatsoever, including in respect of the Company’s indemnification obligations
      set forth in this Agreement. The Trustee agrees that neither it nor any of
      its
      affiliates have or will have any right, title, interest or claim in or to the
      monies in the Trust Account.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (b) The
      Company and the Trustee each acknowledge that the Trustee will follow the
      procedures set forth in this paragraph with respect to funds transferred from
      the Trust Account. Upon receipt of written instructions, the Trustee will
      confirm such instructions with an Authorized Individual at an Authorized
      Telephone Number listed on the attached Exhibit E.
      In
      executing funds transfers, the Trustee will rely upon account numbers or other
      identifying numbers of a beneficiary, beneficiary's bank or intermediary bank,
      rather than names. The Trustee shall not be liable for any loss, liability
      or
      expense resulting from any error in an account number or other identifying
      number, provided it has accurately transmitted the numbers
      provided.

    

    (c) This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York, without giving effect to conflicts of law
      principles that would result in the application of the substantive laws of
      another jurisdiction. It may be executed in several original or facsimile
      counterparts, each one of which shall constitute an original, and together
      shall
      constitute but one instrument.

    

    (d) This
      Agreement contains the entire agreement and understanding of the parties hereto
      with respect to the subject matter hereof. Except for Section 1(j) (which may
      not be amended under any circumstances), this Agreement or any provision hereof
      may only be changed, amended or modified by a writing signed by each of the
      parties hereto; provided,
      however,
      that no
      such change, amendment or modification may be made without the prior written
      consent of SunTrust. As to any claim, cross-claim or counterclaim in any way
      relating to this Agreement, each party waives the right to trial by
      jury.

    

    (e) The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the City of New York, Borough of Manhattan, for purposes of
      resolving any disputes hereunder.

    

    (f) Any
      notice, consent or request to be given in connection with any of the terms
      or
      provisions of this Agreement shall be in writing and shall be sent by express
      mail or similar private courier service, by certified mail (return receipt
      requested), by hand delivery or by facsimile transmission:

    

    if
      to the
      Trustee, to:

    

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place 

    New
      York,
      New York 10004

    Attn: Steven
      G.
      Nelson and Frank DiPaolo

    Fax
      No.:
      (212) 509-5150

    

    if
      to the
      Company, to:

     

    Green
      Energy Acquisition Corporation

    191
      Main
      Street

    Annapolis,
      MD 21401

    Attn:
      Wayne L. Rogers, Chief Executive Officer

    Fax
      No.:
      (410)
      269-1530

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    in
      either
      case with copies to:

    

    SunTrust
      Robinson Humphrey, Inc. 

    3333
      Peachtree Road, NE

    Atlanta,
      GA 30326

    
      Attn:
        Arnold
        Evans

    

    Fax
      No.:
(404)
      926-5995

    and

    

    Bingham
      McCutchen LLP

    150
      Federal Street

    Boston,
      MA 02110

    Attn:
      Glen R. Openshaw

    Fax
      No:
      (617) 345-5032

    

    

    (g) This
      Agreement may not be assigned by the Trustee without the prior consent of the
      Company.

    

    (h) Each
      of
      the Trustee and the Company hereby represents that it has the full right and
      power and has been duly authorized to enter into this Agreement and to perform
      its respective obligations as contemplated hereunder. The Trustee acknowledges
      and agrees that it shall not make any claims or proceed against the Trust
      Account, including by way of set-off, and shall not be entitled to any funds
      in
      the Trust Account under any circumstance.

    

    (i) Each
      of
      the Company and the Trustee hereby acknowledge that SunTrust is an intended
      third party beneficiary of this Agreement.

    

    

    (Remainder
      of page intentionally left blank. Signature page to follow.)

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF, the parties have duly executed this Investment Management
      Trust
      Agreement as of the date first written above.

     

    
      	 	 	 
	 	CONTINENTAL
              STOCK
              TRANSFER & TRUST COMPANY, as Trustee
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:
                

              Title:
                

            

       

      
        	 	 	 
	 	GREEN
                ENERGY
                ACQUISITION CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
                

                
                  Name:
                    Wayne L. Rogers

                  Title:
                     Chief
                    Executive Officer and
                    Chairman

                

              

      

       

      
        
          
            [Signature
              Page to Investment Management Trust Agreement]

          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

    SCHEDULE
      A

     

    
      	
              Fee
                Item

            	 	
              Time
                and method of payment 

            	 	
              Amount

            
	
              Initial
                acceptance fee

            	 	
              Initial
                closing of IPO by wire transfer 

            	 	
              $1,000

            
	
              Annual
                fee

            	 	
              First
                year, initial closing of IPO by wire transfer; thereafter on the
                anniversary of the effective date of the IPO by wire transfer or
                check

            	 	
              $3,000

            
	
              Transaction
                processing fee for disbursements to the Company under Section
                2

            	 	
              Deduction
                by Trustee from accumulated income following disbursement made to
                the
                Company under Section 2

            	 	
              $250

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    Green
      Energy Acquisition Corporation

    191
      Main Street

    Annapolis,
      MD 21401

    

    [Insert
      date]

    

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Steven G. Nelson, Chairman

    

    Re: Trust
      Account No. [●] 

    

    Gentlemen:

    

    Pursuant
      to paragraph 1(j) of the Investment Management Trust Agreement between Green
      Energy Acquisition Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (the “Trustee”),
      dated
      as of [●],
      2008
      (the “Trust
      Agreement”),
      this
      is to advise you that the Company has entered into an agreement (the
“Business
      Agreement”)
      with
[●]
      (the
“Target
      Business”)
      to
      consummate a business combination with Target Business (the “Business
      Combination”)
      on or
      about [insert
      date].
      The
      Company shall notify you at least 48 hours in advance of the actual date of
      the
      consummation of the Business Combination (the “Consummation
      Date”).
      Capitalized terms used herein without definitions shall have the respective
      meanings assigned to such terms in the Trust Agreement.

    

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account to the effect that, on the
      Consummation Date, all of the funds held in the Trust Account will be
      immediately available for transfer to the account or accounts that the Company
      shall direct on the Consummation Date.

    

    On
      the
      Consummation Date, the Company shall deliver to you (a) written notification
      that the Business Combination has been consummated, and (b) a certificate which
      verifies the vote of the Company’s stockholders in connection with the Business
      Combination and (c) written instructions with respect to the transfer of the
      funds held in the Trust Account (the “Instruction
      Letter”).
      You
      are hereby directed and authorized to transfer the funds held in the Trust
      Account immediately upon your receipt of the certificate referenced above and
      the Instruction Letter, in accordance with the terms of the Instruction Letter.
      In the event that certain deposits held in the Trust Account may not be
      liquidated by the Consummation Date without penalty, you will promptly notify
      the Company of the same and the Company shall direct you as to whether such
      funds should remain in the Trust Account and be distributed after the
      Consummation Date to the Company. Upon the distribution of all the funds in
      the
      Trust Account pursuant to the terms hereof, the Trust Agreement shall be
      terminated.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    In
      the
      event that the Business Combination is not consummated on the Consummation
      Date
      described in the notice thereof and we have not notified you on or before the
      original Consummation Date of a new Consummation Date, then the funds held
      in
      the Trust Account shall be reinvested as provided in the Trust Agreement on
      the
      business day immediately following the Consummation Date as set forth in the
      notice.

     

    
      	 	 	 
	 	Very truly yours, 
	 	 
	 	GREEN
              ENERGY
              ACQUISITION CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Wayne
              L. Rogers,
              Chief Executive Officer and
              Chairman

     

    cc:
      SunTrust Robinson Humphrey, Inc.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    

    Green
      Energy Acquisition Corporation

    191
      Main Street

    Annapolis,
      MD 21401

    

    [Insert
      date]

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Steven G. Nelson, Chairman

    

    Re: Trust
      Account No. [●] 

    

    Gentlemen:

    

    Pursuant
      to paragraph 1(j) of the Investment Management Trust Agreement between Green
      Energy Acquisition Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (“Trustee”),
      dated
      as of [●], 2008 (the “Trust
      Agreement”),
      this
      is
      to advise you that the Company has been unable to effect a Business Combination
      with a Target Company within the time frame specified in the Company’s
      Certificate of Incorporation, as described in the Company’s prospectus relating
      to its IPO. Capitalized terms used herein without definitions shall have the
      respective meanings assigned to such terms in the Trust Agreement.

    

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account. The
      Company has appointed [________________________] to serve as its designated
      paying agent (the “Designated Paying Agent”); accordingly, you will notify the
      Company and the Designated Paying Agent in writing as to when all of the funds
      in the Trust Account will be available for immediate transfer (the “Transfer
      Date”).
      The
      Designated Paying Agent shall thereafter notify you as to the account or
      accounts of the Designated Paying Agent that the funds in the Trust Account
      should be transferred to on the Transfer Date so that the Designated Paying
      Agent may commence distribution of such funds in accordance with the Company’s
      instructions. You shall have no obligation to oversee the Designated Paying
      Agent’s distribution of the funds. Upon the payment to the Designated Paying
      Agent of all the funds in the Trust Account, the Trust Agreement shall terminate
      in accordance with the terms thereof.

    
       

      
        	 	 	 
	 	Very truly yours, 
	 	 
	 	GREEN
                ENERGY
                ACQUISITION CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Wayne
                L. Rogers,
                Chief Executive Officer and
                Chairman

       

      cc:
        SunTrust Robinson Humphrey, Inc.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

EXHIBIT
      C

    Green
      Energy Acquisition Corporation

    191
      Main Street

    Annapolis,
      MD 21401

    

    [Insert
      date]

    

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Frank Di Paolo and Cynthia Jordan

    

    Re: Trust
      Account No. [●] 

    

    Gentlemen:

    

    Pursuant
      to paragraph 2(a) of the Investment Management Trust Agreement between Green
      Energy Acquisition Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (the “Trustee”),
      dated
      as of [●], 2008 (the “Trust
      Agreement”),
      this
      is
      to advise you that the Company hereby requests that you deliver to the Company
      $[●]
      of the
      income earned on the Property (as defined in the Trust Agreement) as of the
      date
      hereof. The Company needs such funds to pay for the income tax obligations
      as
      set forth on the attached tax return or tax statement. In accordance with the
      terms of the Trust Agreement, you are hereby directed and authorized to transfer
      (via wire transfer) such funds promptly upon your receipt of this letter to
      the
      Company’s operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

     

    
      
        	 	 	 
	 	Very truly yours, 
	 	 
	 	GREEN
                ENERGY
                ACQUISITION CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Wayne
                L. Rogers,
                Chief Executive Officer and
                Chairman

       

      cc:
        SunTrust Robinson Humphrey, Inc.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

    

    EXHIBIT
      D

     

    Green
      Energy Acquisition Corporation

    191
      Main Street

    Annapolis,
      MD 21401

    

    [Insert
      date]

    

    Continental
      Stock Transfer 

    &
      Trust Company

    17
      Battery Place

    New
      York,
      New York 10004

    Attn:
      Frank Di Paolo and Cynthia Jordan

    

    Re: Trust
      Account No. [●] 

    

    Gentlemen:

    

    Pursuant
      to Section 2(b) of the Investment Management Trust Agreement between Green
      Energy Acquisition Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (the “Trustee”),
      dated
      as of [●], 2008 (the “Trust
      Agreement”),
      the
      Company hereby requests that you deliver to the Company $[●]
      of
      the
      income earned (net of income taxes payable thereon at assumed rate of 40%)
      on
      the Property (as defined in the Trust Agreement) as of the date hereof, which
      does not exceed, in the aggregate, with all such prior disbursements pursuant
      to
      Section 2(b), if any, the maximum amount set forth in Section 2(b). The Company
      needs such funds to pay its expenses relating to investigating and selecting
      a
      target business and other working capital requirements. In accordance with
      the
      terms of the Trust Agreement, you are hereby directed and authorized to transfer
      (via wire transfer) such funds promptly upon your receipt of this letter to
      the
      Company’s operating account at:

    

    [WIRE
      INSTRUCTION INFORMATION]

    
       

      
        	 	 	 
	 	Very truly yours, 
	 	 
	 	GREEN
                ENERGY
                ACQUISITION CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
                
Wayne
                L. Rogers,
                Chief Executive Officer and
                Chairman

       

      cc:
        SunTrust Robinson Humphrey, Inc.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    EXHIBIT
      E

     

    
      	
              
                AUTHORIZED
                  INDIVIDUAL(S)
FOR
                TELEPHONE CALL BACK 

            	 	
              
                AUTHORIZED
TELEPHONE
                NUMBER(S)

            
	 	 	 
	
              Company:

            	 	 
	 	 	 
	
              Green
                Energy Acquisition Corporation 
                191
                  Main Street
                  
                  Annapolis,
                    MD 21401

                    Attn:
                      Wayne L. Rogers

                  

                

              

            	 	
              (410)
                268-8820

            
	
               

            	 	 
	 	 	 
	
              Trustee:

            	 	 
	 	 	 
	
              Continental
                Stock Transfer 
                &
                  Trust Company
                  
                  17
                    Battery Place

                    New
                      York, New York 10004

                      Attn:
                        Frank Di Paolo,
                        CFO

                    

                  

                

              

            	 	
              (212)
                845-3200

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