Document:

Unassociated Document

    Exhibit
10.3

     

    ESCROW
AGREEMENT

     

    This
Escrow Agreement (this “Agreement”) is entered into as of July 2, 2008, by and
among ProMana Solutions, Inc., a Nevada corporation (the “Parent”), Timothy H.
Simons (the “Indemnification Representative”) and Gottbetter & Partners, LLP
(the “Escrow Agent”).

     

    WHEREAS,
the Parent has entered into an Agreement and Plan of Merger and Reorganization
(the “Merger Agreement”) with Crownbutte Wind Power, Inc., a North Dakota
corporation (the “Company”), (i) pursuant to which a wholly-owned subsidiary of
the Parent will merge with and into the Company, with the Company surviving the
merger and (ii) as a result of which the Company will become a wholly-owned
subsidiary of the Parent;

     

    WHEREAS,
the Merger Agreement provides that an escrow account will be established to
secure the indemnification obligations of the stockholders of the Company as of
the Closing Date, as such term is defined in the Merger Agreement (collectively,
the “Indemnifying Stockholders”), to the Parent; and

     

    WHEREAS,
the parties hereto desire to establish the terms and conditions pursuant to
which such escrow account will be established and maintained.

     

    NOW,
THEREFORE, the parties hereto hereby agree as follows:

     

    1.            Consent of Company
Stockholders.  The Indemnifying Stockholders have, either by
virtue of their approval of the Merger Agreement or through the execution of an
instrument to such effect, consented to:  (a) the establishment
of this escrow to secure the Indemnifying Stockholders’ indemnification
obligations under Article VII of the Merger Agreement in the manner set forth
herein, (b) the appointment of the Indemnification Representative as their
representative for purposes of this Agreement and as attorneys-in-fact and agent
for and on behalf of each Indemnifying Stockholder, and the taking by the
Indemnification Representative of any and all actions and the making of any
decisions required or permitted to be taken or made by them under this Agreement
and (c) all of the other terms, conditions and limitations in this
Agreement.

     

    2.           
Escrow and
Indemnification.

     

    (a)           Escrow of
Shares.  Simultaneously with the execution of this Agreement,
the Parent shall deposit with the Escrow Agent certificates representing an
aggregate of 1,000,000 shares of common stock of the Parent, as determined
pursuant to Section 1.5(b) of the Merger Agreement, issued in the name of
the Escrow Agent or its nominee.  The Escrow Agent hereby acknowledges
receipt of such stock certificates.  The shares deposited with the
Escrow Agent pursuant to the first sentence of this Section 2(a) are
referred to herein as the “Escrow Shares.”  The Escrow Shares shall be
held as a trust fund and shall not be subject to any lien, attachment, trustee
process or any other judicial process of any creditor of any party
hereto.  The Escrow Agent agrees to hold the Escrow Shares in an
escrow account (the “Escrow Account”), subject to the terms and conditions of
this Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)           Indemnification.  The
Indemnifying Stockholders have agreed in Section 7.1 of the Merger Agreement to
indemnify and hold harmless the Parent from and against certain Damages (as
defined in Section 7.1 of the Merger Agreement).  The Escrow Shares
shall be (i) security for such indemnity obligation of the Indemnifying
Stockholders, subject to the limitations, and in the manner provided, in this
Agreement and the Merger Agreement and (ii) shall be the exclusive means for the
Parent to collect any Damages with respect to which the Parent is entitled to
indemnification under Article VII of the Merger Agreement.

     

    (c)           Dividends,
Etc.  Any securities distributed in respect of or in exchange
for any of the Escrow Shares, whether by way of stock dividends, stock splits or
otherwise, shall be issued in the name of the Escrow Agent or its nominee and
shall be delivered to the Escrow Agent, who shall hold such securities in the
Escrow Account.  Such securities shall be considered Escrow Shares for
purposes hereof.  Any cash dividends or property (other than
securities) distributed in respect of the Escrow Shares shall promptly be
distributed by the Escrow Agent to the Indemnifying Stockholders in accordance
with Section 3(c) hereof.

     

    (d)           Voting of
Shares.  The Indemnification Representative shall have the
right, in his sole discretion, on behalf of the Indemnifying Stockholders, to
direct the Escrow Agent in writing as to the exercise of any voting rights
pertaining to the Escrow Shares, and the Escrow Agent shall comply with any such
written instructions.  In the absence of such instructions, the Escrow
Agent shall not vote any of the Escrow Shares.  The Indemnification
Representative shall have no obligation to solicit consents or proxies from the
Indemnifying Stockholders for purposes of any such vote.

     

    (e)           Transferability.  The
respective interests of the Indemnifying Stockholders in the Escrow Shares shall
not be assignable or transferable, other than by operation of
law.  Notice of any such assignment or transfer by operation of law
shall be given to the Escrow Agent and the Parent, and no such assignment or
transfer shall be valid until such notice is given.

     

    3.            Distribution of Escrow
Shares.

     

    (a)           The
Escrow Agent shall distribute the Escrow Shares only in accordance with (i) a
written instrument delivered to the Escrow Agent that is executed by both the
Parent and the Indemnification Representative and that instructs the Escrow
Agent as to the distribution of some or all of the Escrow Shares, (ii) an
order of a court of competent jurisdiction, a copy of which is delivered to the
Escrow Agent by either the Parent or the Indemnification Representative, that
instructs the Escrow Agent as to the distribution of some or all of the Escrow
Shares, or (iii) the provisions of Section 3(b)
hereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)           Within
five business days after July 1, 2009 (the “Termination Date”), the Escrow Agent
shall, automatically, without any notice required, distribute to the
Indemnifying Stockholders all of the Escrow Shares then held in escrow,
registered in the names of the Indemnifying
Stockholders.  Notwithstanding the foregoing, if the Parent has
previously delivered to the Escrow Agent a copy of a Claim Notice (as
hereinafter defined) and the Escrow Agent has not received written notice of the
resolution of the claim covered thereby, or if the Parent has previously
delivered to the Escrow Agent a copy of an Expected Claim Notice (as hereinafter
defined) and the Escrow Agent has not received written notice of the resolution
of the anticipated claim covered thereby, the Escrow Agent shall retain in
escrow after the Termination Date such number of Escrow Shares as have a Value
(as defined in Section 4 below) equal to the Claimed Amount (as hereinafter
defined) covered by such Claim Notice or equal to the estimated amount of
Damages set forth in such Expected Claim Notice, as the case may
be.  Any Escrow Shares so retained in escrow shall be distributed only
in accordance with the terms of clauses (i) or (ii) of Section 3(a)
hereof. For purposes of this Agreement, a Claim Notice means a written
notification under the Merger Agreement given by the Parent to the Indemnifying
Stockholders which contains (i) a description and the amount (the “Claimed
Amount”) of any Damages incurred or reasonably expected to be incurred by the
Parent, (ii) a statement that the Parent is entitled to indemnification under
Article VII of the Merger Agreement for such Damages and a reasonable
explanation of the basis therefor, and (iii) a demand for payment (in the manner
provided in Section 7.3(c) of the Merger Agreement) in the amount of such
Damages. For purposes of this Agreement, an Expected Claim Notice means a notice
delivered pursuant to the Merger Agreement by the Parent to an Indemnifying
Stockholder, before expiration of a representation or warranty, to the effect
that, as a result a legal proceeding instituted by or written claim made by a
third party, the Parent reasonably expects to incur Damages as a result of a
breach of such representation or warranty.

     

    (c)           Any
distribution of all or a portion of the Escrow Shares (or cash or other property
pursuant to Section 2(c)) to the Indemnifying Stockholders shall be made by
delivery of stock certificates issued in the name of the Indemnifying
Stockholders (or cash or other property), covering such percentage of the Escrow
Shares (or cash or other property) being distributed as is calculated in
accordance with the percentages set forth opposite such holders’ respective
names on Attachment A
attached hereto; provided, however, that the
Escrow Agent shall withhold the distribution of the portion of the Escrow Shares
otherwise distributable to an Indemnifying Stockholder who has not, according to
a written notice provided by the Parent to the Escrow Agent, prior to such
distribution, surrendered pursuant to the terms of the Merger Agreement his, her
or its documents formerly representing equity interests of the
Company.  Any such withheld shares shall be delivered to the Parent
promptly after the Termination Date, and shall be delivered by the Parent to the
Indemnifying Stockholders to whom such shares would have otherwise been
distributed upon surrender of documents evidencing their Company equity
interests. Distributions to the Indemnifying Stockholders shall be made by
mailing stock certificates to such holders at their respective addresses shown
on Attachment A (or
such other address as may be provided in writing to the Escrow Agent by any such
holder).  No fractional Escrow Shares shall be distributed to
Indemnifying Stockholders pursuant to this Agreement.  Instead, the
number of shares that each Indemnifying Stockholder shall receive shall be
rounded up or down to the nearest whole number (provided that the
Indemnification Representative shall have the authority to effect such rounding
in such a manner that the total number of whole Escrow Shares to be distributed
equals the number of Escrow Shares then held in the Escrow
Account).

     

    4.            Valuation of Escrow
Shares.  For purposes of this Agreement, the “Value” of any
Escrow Shares shall be $0.50 per share, multiplied by the number of such Escrow
Shares.

     

    5.            Fees and Expenses of Escrow
Agent.  The Parent shall pay the fees of the Escrow Agent for
the services to be rendered by the Escrow Agent hereunder, which fees shall not
exceed $1,000 in the aggregate.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    6.           
Limitation of Escrow
Agent’s Liability.

     

    (a)           The
Escrow Agent shall incur no liability with respect to any action taken or
suffered by it in reliance upon any notice, direction, instruction, consent,
statement or other documents believed by it to be genuine and duly authorized,
nor for other action or inaction except its own willful misconduct or gross
negligence.  The Escrow Agent shall not be responsible for the
validity or sufficiency of this Agreement.  In all questions arising
under this Agreement, the Escrow Agent may rely on the advice of counsel, and
the Escrow Agent shall not be liable to anyone for anything done, omitted or
suffered in good faith by the Escrow Agent based on such advice.  The
Escrow Agent shall not be required to take any action hereunder involving any
expense unless the payment of such expense is made or provided for in a manner
reasonably satisfactory to it.  In no event shall the Escrow Agent be
liable for indirect, punitive, special or consequential damages.

     

    (b)           The
Parent and the Indemnifying Stockholders agree to indemnify the Escrow Agent
for, and hold it harmless against, any loss, liability or expense incurred
without gross negligence or willful misconduct on the part of Escrow Agent,
arising out of or in connection with its carrying out of its duties
hereunder.  The Parent, on the one hand, and the Indemnifying
Stockholders, on the other hand, shall each be liable for one-half of such
amounts.

     

    7.            Liability and Authority of
Indemnification Representative; Successors and Assignees.

     

    (a)           The
Indemnification Representative shall not incur any liability to the Indemnifying
Stockholders with respect to any action taken or suffered by him in reliance
upon any note, direction, instruction, consent, statement or other documents
believed by him to be genuinely and duly authorized, nor for other action or
inaction except his own willful misconduct or gross negligence.  The
Indemnification Representative may, in all questions arising under this
Agreement, rely on the advice of counsel and the Indemnification Representative
shall not be liable to the Indemnifying Stockholders for anything done, omitted
or suffered in good faith by the Indemnification Representative based on such
advice.

     

    (b)           In
the event of the death or permanent disability of any Indemnification
Representative, or his resignation as an Indemnification Representative, a
successor Indemnification Representative shall be appointed by the other
Indemnification Representative or, absent its appointment, a successor
Indemnification Representative shall be elected by a majority vote of the
Indemnifying Stockholders, with each such Indemnifying Stockholder (or his, her
or its successors or assigns) to be given a vote equal to the number of votes
represented by the shares of stock of the Company held by such Indemnifying
Stockholder immediately prior to the effective time of the share purchase under
the Merger Agreement.  Each successor Indemnification Representative
shall have all of the power, authority, rights and privileges conferred by this
Agreement upon the original Indemnification Representative, and the term
“Indemnification Representative” as used herein shall be deemed to include each
successor Indemnification Representative.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)           The
Indemnification Representative shall have full power and authority to represent
the Indemnifying Stockholders, and their successors, with respect to all matters
arising under this Agreement and Article VII of the Merger Agreement and all
actions taken by the Indemnification Representative hereunder or under Article
VII of the Merger Agreement shall be binding upon the Indemnifying Stockholders,
and their successors, as if expressly confirmed and ratified in writing by each
of them.  Without limiting the generality of the foregoing, the
Indemnification Representative shall have full power and authority to interpret
all of the terms and provisions of this Agreement, to compromise any claims
asserted hereunder and to authorize any release of the Escrow Shares to be made
with respect thereto, on behalf of the Indemnifying Stockholders and their
successors.

     

    (d)           The
Escrow Agent may rely on the Indemnification Representative as the exclusive
agent of the Indemnifying Stockholders under this Agreement and shall incur no
liability to any party with respect to any action taken or suffered by it in
good faith reliance thereon.

     

    8.            Amounts Payable by
Indemnifying Stockholders.  The amounts payable by the
Indemnifying Stockholders under this Agreement (i.e., the fees of the Escrow
Agent payable pursuant to Section 5 and the indemnification obligations
pursuant to Section 6(b)) shall be payable solely as follows. The Escrow
Agent shall notify the Indemnification Representative of any such amount payable
by the Indemnifying Stockholders as soon as it becomes aware that any such
amount is payable, with a copy of such notice to the Parent.  On the
sixth business day after the delivery of such notice, the Escrow Agent shall
sell such number of Escrow Shares (up to the number of Escrow Shares then
available in the Escrow Account), subject to compliance with all applicable
securities laws, as is necessary to raise such amount, and shall be entitled to
apply the proceeds of such sale in satisfaction of such indemnification
obligations of the Indemnifying Stockholders; provided that if the Parent
delivers to the Escrow Agent (with a copy to the Indemnification
Representative), within five business days after delivery of such notice by the
Indemnification Representative, a written notice contesting the legitimacy or
reasonableness of such amount, then the Escrow Agent shall not sell Escrow
Shares to raise the disputed portion of such claimed amount except in accordance
with the terms of clauses (i) or (ii) of Section 3(a).

     

    9.            Termination.  This
Agreement shall terminate upon the distribution by the Escrow Agent of all of
the Escrow Shares in accordance with this Agreement; provided that the
provisions of Sections 6 and 7 shall survive such termination.

     

    10.          Notices.  All
notices, instructions and other communications given hereunder or in connection
herewith shall be in writing.  Any such notice, instruction or
communication shall be sent either (i) by registered or certified mail,
return receipt requested, postage prepaid, or (ii) via a reputable
nationwide overnight courier service, in each case to the address set forth
below.  Any such notice, instruction or communication shall be deemed
to have been delivered five business days after it is sent by registered or
certified mail, return receipt requested, postage prepaid, or one business day
after it is sent via a reputable nationwide overnight courier
service.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    If to the
Parent:

    

    ProMana
Solutions, Inc.

    50 Cherry
Hill Road

    Suite
100

    Parsippany,
NJ  07054

    Attn:  Timothy
H. Simons, Chief Executive Officer

    

    with a
copy to (which shall not constitute notice hereunder):

    

    Gottbetter
& Partners, LLP

    488
Madison Avenue, 12th
Floor

    New York,
NY  10022

    Attn:
Adam S. Gottbetter, Esq.

    Facsimile:
(212) 400-6901

    

    If to the
Indemnification Representative:

    

    Timothy
H. Simons

    c/o
Crownbutte Wind Power, Inc.

    1400
Monte Drive

    Mandan,
ND  58554

    

    If to the
Escrow Agent:

    

    Gottbetter
& Partners, LLP

    488
Madison Avenue, 12th
Floor

    New York,
NY  10022

    Attn:
Adam S. Gottbetter, Esq.

    Facsimile:
(212) 400-6901

    

    Any party
may give any notice, instruction or communication in connection with this
Agreement using any other means (including personal delivery, telecopy or
ordinary mail), but no such notice, instruction or communication shall be deemed
to have been delivered unless and until it is actually received by the party to
whom it was sent.  Any party may change the address to which notices,
instructions or communications are to be delivered by giving the other parties
to this Agreement notice thereof in the manner set forth in this
Section 10.

     

    11.          Successor Escrow
Agent.  In the event the Escrow Agent becomes unavailable or
unwilling to continue in its capacity herewith, the Escrow Agent may resign and
be discharged from its duties or obligations hereunder by delivering a
resignation to the parties to this Escrow Agreement, not less than 60 days
prior to the date when such resignation shall take effect.  The Parent
may appoint a successor Escrow Agent without the consent of the Indemnification
Representative so long as such successor is a chartered bank and may appoint any
other successor Escrow Agent with the consent of the Indemnification
Representative, which shall not be unreasonably withheld.  If, within
such notice period, the Parent provides to the Escrow Agent written instructions
with respect to the appointment of a successor Escrow Agent and directions for
the transfer of any Escrow Shares then held by the Escrow Agent to such
successor, the Escrow Agent shall act in accordance with such instructions and
promptly transfer such Escrow Shares to such designated successor.  If
no successor Escrow Agent is named as provided in this Section 11 prior to the
date on which the resignation of the Escrow Agent is to properly take effect,
the Escrow Agent may apply to a court of competent jurisdiction for appointment
of a successor Escrow Agent.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    12.          General.

     

    (a)           Governing Law;
Assigns.  This Agreement shall be governed by and construed in
accordance with the internal laws of the State of New York without regard to
conflict-of-law principles and shall be binding upon, and inure to the benefit
of, the parties hereto and their respective successors and assigns.

     

    (b)           Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

     

    (c)           Entire
Agreement.  Except for those provisions of the Merger Agreement
referenced herein, this Agreement constitutes the entire understanding and
agreement of the parties with respect to the subject matter of this Agreement
and supersedes all prior agreements or understandings, written or oral, between
the parties with respect to the subject matter hereof.

     

    (d)           Waivers.  No
waiver by any party hereto of any condition or of any breach of any provision of
this Agreement shall be effective unless in writing.  No waiver by any
party of any such condition or breach, in any one instance, shall be deemed to
be a further or continuing waiver of any such condition or breach or a waiver of
any other condition or breach of any other provision contained
herein.

     

    (e)           Amendment.  This
Agreement may be amended only with the written consent of the Parent, the Escrow
Agent and the Indemnification Representative.

     

    (f)           Consent to Jurisdiction and
Service.  The parties hereby absolutely and irrevocably consent
and submit to the jurisdiction of the courts in the State of New York and of any
federal court located in the State of New York in connection with any actions or
proceedings brought against any party hereto by the Escrow Agent arising out of
or relating to this Agreement.  In any such action or proceeding, the
parties hereby absolutely and irrevocably waive personal service of any summons,
complaint, declaration or other process and hereby absolutely and irrevocably
agree that the service thereof may be made by certified or registered
first-class mail directed to such party, at their respective addresses in
accordance with Section 10 hereof.

     

    (g)           Acknowledgement and Waiver
of Conflict.  The parties hereby acknowledge that the Escrow
Agent has represented the Parent in connection with the Merger.  The
Parent and the Indemnification Representative hereby waive any conflict of
interest arising by virtue of the Escrow Agent’s representation of the Parent,
and hereby agree to acknowledge and approve the taking of any action by the
Escrow Agent reasonably necessary to protect and preserve its rights under this
Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties have duly executed this Escrow Agreement as of the
day and year first above written.

     

    
      
        
          
            
              
                	
                        PROMANA SOLUTIONS, INC.

                      
	 
      	 
      
	
                        By:

                      	
                        /s/
      Manu Kalia

                      
	
                        Name:

                      	
                        Manu
      Kalia

                      
	
                        Title:

                      	
                        President

                      
	 
      	 
      
	
                        /s/
      Timothy H. Simons

                      
	
                        Timothy H. Simons, in
      his capacity as an 

                        Indemnification
      Representative

                      
	 
      	 
      
	
                        GOTTBETTER
      & PARTNERS, LLP

                      
	 
      	 
      
	
                        By:

                      	
                        /s/
      Adam S. Gottbetter

                      
	
                        Name:

                      	
                        Adam
      S. Gottbetter, Esq.

                      
	
                        Title:

                      	
                        Partner

                      

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ATTACHMENT
A

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              	
                                                                      Indemnifying
      Stockholder & Address

                                                                    	 	
                                                                      Shares
      of 

                                                                      Common
      

                                                                      Stock

                                                                    
	 
      	 	 
      
	
                                                                      Timothy
      H. Simons

                                                                    	 	
                                                                      12,000,000

                                                                    
	
                                                                      c/o
      Crownbutte Wind Power, Inc.

                                                                    	 	 
      
	
                                                                      1400
      Monte Drive

                                                                    	 	 
      
	
                                                                      Mandan,
      ND  58554

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Dan
      Gefroh

                                                                    	 	
                                                                      5,000,000

                                                                    
	
                                                                      c/o
      Crownbutte Wind Power, Inc.

                                                                    	 	 
      
	
                                                                      1400
      Monte Drive

                                                                    	 	 
      
	
                                                                      Mandan,
      ND  58554

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Cohen,
      David L.

                                                                    	 	
                                                                      200,000

                                                                    
	
                                                                      923
      Harvard Court

                                                                    	 	 
      
	
                                                                      Woodmere,
      NY 11598

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Epstein,
      Fredrick B.

                                                                    	 	
                                                                      100,000

                                                                    
	
                                                                      1326
      Country Club Drive

                                                                    	 	 
      
	
                                                                      Lynn
      Haven, FL 32444

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Gaylord,
      Gregg M.

                                                                    	 	
                                                                      200,000

                                                                    
	
                                                                      4915
      Denwood Drive

                                                                    	 	 
      
	
                                                                      Sheboygan,
      WI 53083

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Lake
      III, Frank

                                                                    	 	
                                                                      100,000

                                                                    
	
                                                                      147
      Overlook Drive

                                                                    	 	 
      
	
                                                                      Gainesville,
      GA 30506

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Schorlemmer,
      Rodney

                                                                    	 	
                                                                      100,000

                                                                    
	
                                                                      301
      S. Hillside Drive

                                                                    	 	 
      
	
                                                                      Beeville,
      TX 78102

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Starinvest
      Group, Inc.

                                                                    	 	
                                                                      100,000

                                                                    
	
                                                                      Robert
      H. Cole

                                                                    	 	 
      
	
                                                                      P.O.
      Box 50236

                                                                    	 	 
      
	
                                                                      Midland,
      TX 79710

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      Strazzulla,
      Domenic

                                                                    	 	
                                                                      200,000

                                                                    
	
                                                                      500
      Congress Street, Unit 1A1

                                                                    	 	 
      
	
                                                                      Quincy,
      MA 02169

                                                                    	 	 
      
	 
      	 	 
      
	
                                                                      R C
      Ingram, III

                                                                    	 	
                                                                      100,000

                                                                    
	
                                                                      10
      004 Wurxbach Rd. #226

                                                                    	 	 
      
	
                                                                      San
      Antonio, TX  78230Unassociated Document

    Exhibit
10.4

    

    SUBSCRIPTION
AGREEMENT

    

    Crownbutte
Wind Power LLC

    1400
Monte Drive

    Mandan,
ND  58554

    

    This
Subscription Agreement (this “Agreement”)
has been executed by the subscriber set forth in the signature page attached
hereto (the “Subscriber”)
in connection with the private placement offering (the “Offering”)
of up to a maximum of 1,000,000 units of securities (the “PPO
Units”) issued by Crownbutte Wind Power LLC, a limited liability company
organized under the laws of the State of North Dakota (the “Company”),
at a purchase price of $0.50 per PPO Unit.  Each PPO Unit consists of
(i) one unit of the Company’s limited liability company membership interest (the
“Membership
Interest”) and (ii) a warrant, in the form of Exhibit A hereto (the
“Warrant”),
representing the right to purchase one unit of Membership Interest, each Warrant
exercisable for a period of three years at an exercise price of $0.50 per unit
of Membership Interest.  The PPO Units being subscribed for pursuant
to this Agreement have not been registered under the Securities Act of 1933, as
amended (the “Securities
Act”).  The Offering is being made on an “any or all” basis to
“accredited investors,” as defined in Regulation D under the Securities
Act.  The Company reserves the right, in its sole discretion and for
any reason, to reject any Subscriber’s subscription in whole or in part, or to
allot less than the number of PPO Units subscribed for.

     

    The
undersigned acknowledges receipt of a copy of the Amended and Restated Limited
Liability Company Operating Agreement of the Company, in the form of Exhibit B hereto (the
“Operating
Agreement”).  The terms of the Operating Agreement are
incorporated herein in their entirety.  Certain terms used but not
otherwise defined herein shall have the respective meanings provided in the
Operating Agreement.

     

    The
closing of the Offering (the “Closing;”
and the date on which such Closing occurs hereinafter referred to as the “Closing
Date”) shall be at the offices of Gottbetter & Partners, LLP, as
escrow agent (the “Escrow
Agent”), at 488 Madison Avenue, New York, New York 10022 (or such other
place as is mutually agreed to by the Company).  The Company may
conduct multiple closings for the sale of the PPO Units until the termination of
the Offering.  The Offering shall continue until February 15, 2008,
which date may be extended an additional 30 days by the Company.

     

    1.           Subscription.  The
undersigned Subscriber hereby subscribes to purchase the number of PPO Units set
forth on the signature page attached hereto, at an aggregate price as set forth
on such signature page (the “Purchase
Price”), subject to the terms and conditions of this Agreement and on the
basis of the representations, warranties, covenants and agreements contained
herein.

     

    2.           Subscription
Procedure.  To complete a subscription for the PPO Units, the
Subscriber must fully comply with the subscription procedure provided in this
Section on or before the Closing Date.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    a.           Transaction
Documents.  On or before the Closing Date, the Subscriber shall
review, complete and execute the Omnibus Signature Page to this Agreement and
the Accredited Investor Certification, attached hereto as Appendix A
(collectively, the “Transaction
Documents”), and deliver the Transaction Documents to the Escrow
Agent.  Executed documents may be delivered to the Escrow Agent by
facsimile or electronic mail (e-mail), if the Subscriber delivers the original
copies of the documents to the Escrow Agent as soon as practicable
thereafter.

     

    b.           Purchase
Price.  Simultaneously with the delivery of the Transaction
Documents to the Escrow Agent as provided herein, and in any event on or prior
to the Closing Date, the Subscriber shall deliver to the Escrow Agent the full
Purchase Price by check or by wire transfer of immediately available
funds.

     

    c.           Company
Discretion.  The Subscriber understands and agrees that the
Company in its sole discretion reserves the right to accept or reject this or
any other subscription for PPO Units, in whole or in part, notwithstanding prior
receipt by the Subscriber of notice of acceptance of this
subscription.  The Company shall have no obligation hereunder until
the Company shall execute and deliver to the Subscriber an executed copy of this
Agreement.  If this subscription is rejected in whole, or the offering
of PPO Units is terminated, all funds received from the Subscriber will be
returned without interest or offset, and this Agreement shall thereafter be of
no further force or effect.  If this subscription is rejected in part,
the funds for the rejected portion of this subscription will be returned without
interest or offset, and this Agreement will continue in full force and effect to
the extent this subscription was accepted.

     

    3.           Representations and Warranties of the
Company.  The Company hereby represents and warrants to the
Subscriber the following:

     

    a.           Organization and
Qualification.  The Company is a limited liability company duly
organized and validly existing under the laws of the State of North
Dakota.  The Company has all requisite power and authority to carry on
its business as currently conducted, other than such failures that would not
reasonably be expected to have a material adverse effect on the Company’s
business, properties or financial condition (a “Material
Adverse Effect”).  The Company is duly qualified to transact
business in each jurisdiction in which the failure to be so qualified would
reasonably be expected to have a Material Adverse Effect.

     

    b.           Authorization.  As
of the Closing, all action on the part of the Company, its board of governors,
managers and existing members necessary for the authorization, execution and
delivery of this Agreement, the Operating Agreement, the Warrant and the
performance of all obligations of the Company hereunder and thereunder shall
have been taken, and this Agreement, the Operating Agreement and the Warrant,
assuming due execution by the parties hereto and thereto, will constitute valid
and legally binding obligations of the Company, enforceable in accordance with
their respective terms, subject to: (i) judicial principles limiting the
availability of specific performance, injunctive relief, and other equitable
remedies and (ii) bankruptcy, insolvency, reorganization, moratorium or other
similar laws now or hereafter in effect generally relating to or affecting
creditors’ rights.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    

    c.           Valid Issuance of Membership
Interest and the Warrant.  The Membership Interest included in
the PPO Units and the Warrant, when issued, sold and delivered in accordance
with the terms of this Agreement for the consideration expressed herein, and the
Membership Interest underlying the Warrant, when issued and delivered in
accordance with the terms of the Warrant, shall be duly and validly issued and
will be free of restrictions on transfer directly or indirectly created by the
Company other than restrictions on transfer under this Agreement, the Operating
Agreement and the terms of the Warrant and under applicable federal and state
securities laws.

    

    d.           Governmental
Consents.  No consent, approval, order or authorization of, or
registration, qualification, designation, declaration or filing with, any
federal, state or local governmental authority on the part of the Company is
required in connection with the offer, sale or issuance of the PPO Units, except
for the following: (i) the filing of such notices as may be required under the
Securities Act and (ii) the compliance with any applicable state securities
laws, which compliance will have occurred within the appropriate time periods
therefor.

    

    e.           Litigation.  There
are no actions, suits, proceedings or investigations pending or, to the best of
the Company’s knowledge, threatened before any court, administrative agency or
other governmental body against the Company which question the validity of this
Agreement, the Operating Agreement or the Warrant, or the right of the Company
to enter into any of them, or to consummate the transactions contemplated hereby
or thereby, or which would reasonably be expected to have a Material Adverse
Effect.  The Company is not a party or subject to, and none of its
assets is bound by, the provisions of any order, writ, injunction, judgment or
decree of any court or government agency or instrumentality which would
reasonably be expected to have a Material Adverse Effect.

    

    f.           Compliance with Other
Instruments.  The Company is not in violation or default of any
provision of its Articles of Organization or the Operating Agreement, each as in
effect immediately prior to the Closing, except for such failures as would not
reasonably be expected to have a Material Adverse Effect. The Company is not in
violation or default of any provision of any material instrument, mortgage, deed
of trust, loan, contract, commitment, judgment, decree, order or obligation to
which it is a party or by which it or any of its properties or assets are bound
which would reasonably be expected to have a Material Adverse
Effect.  To the best of its knowledge, the Company is not in violation
or default of any provision of any federal, state or local statute, rule or
governmental regulation which would reasonably be expected to have a Material
Adverse Effect.  The execution, delivery and performance of and
compliance with this Agreement, the Operating Agreement and the issuance and
sale of the PPO Units, will not result in any such violation, be in conflict
with or constitute, with or without the passage of time or giving of notice, a
default under any such provision, require any consent or waiver under any such
provision (other than any consents or waivers that have been obtained), or
result in the creation of any mortgage, pledge, lien, encumbrance or charge upon
any of the properties or assets of the Company pursuant to any such
provision.

    

    g.           Certain Registration
Matters.  Assuming the accuracy of the Subscriber’s
representations and warranties set forth in this Agreement and the Transaction
Documents, and the representations and warranties made by all other purchasers
of PPO Units in the Offering, no registration under the Securities Act is
required for the offer and sale of the PPO Units by the Company to the
Subscriber hereunder.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    h.           No General
Solicitation.  Neither the Company nor any person acting on
behalf of the Company has offered or sold any of the PPO Units by any form of
general solicitation or general advertising (within the meaning of Regulation
D).

    

    4.           Representations and Warranties of the
Subscriber.  The Subscriber represents and warrants to the
Company the following:

     

    a.           The
Subscriber, its advisers, if any, and designated representatives, if any, have
the knowledge and experience in financial and business matters necessary to
evaluate the merits and risks of its prospective investment in the Company, and
have carefully reviewed and understand the risks of, and other considerations
relating to, the purchase of PPO Units and the tax consequences of the
investment, and have the ability to bear the economic risks of the
investment.

     

    b.           The
Subscriber is acquiring the PPO Units for investment for its own account and not
with the view to, or for resale in connection with, any distribution
thereof.  The Subscriber understands and acknowledges that the PPO
Units, the Membership Interest and the Warrant have not been registered under
the Securities Act or any state securities laws, by reason of a specific
exemption from the registration provisions of the Securities Act and applicable
state securities laws, which depends upon, among other things, the bona fide
nature of the investment intent as expressed herein.  The Subscriber
further represents that it does not have any contract, undertaking, agreement or
arrangement with any person to sell, transfer or grant participation to any
third person with respect to any of the PPO Units, the Membership Interest and
the Warrant.  The Subscriber understands and acknowledges that the
offering of the PPO Units pursuant to this Agreement will not be registered
under the Securities Act nor under the state securities laws on the ground that
the sale provided for in this Agreement and the issuance of securities hereunder
is exempt from the registration requirements of the Securities Act and any
applicable state securities laws.

     

    c.           The
Subscriber understands that no public market now exists for the Membership
Interest, and that there may never be a public market for the Membership
Interest.

     

    d.           The
Subscriber, its advisers, if any, and designated representatives, if any, have
received and reviewed information about the Company and have had an opportunity
to discuss the Company’s business, management and financial affairs with its
management.  The Subscriber understands that such discussions, as well
as any written information provided by the Company, were intended to describe
the aspects of the Company’s business and prospects which the Company believes
to be material, but were not necessarily a thorough or exhaustive description,
and except as expressly set forth in this Agreement, the Company makes no
representation or warranty with respect to the completeness of such information
and makes no representation or warranty of any kind with respect to any
information provided by any entity other than the Company.  Some of
such information includes projections as to the future performance of the
Company, which projections may not be realized, are based on assumptions which
may not be correct and are subject to numerous factors beyond the Company’s
control.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    e.           As
of the Closing, all action on the part of Subscriber, and its officers,
directors and partners, if applicable, necessary for the authorization,
execution and delivery of this Agreement and the Operating Agreement and the
performance of all obligations of the Subscriber hereunder and thereunder shall
have been taken, and this Agreement and the Operating Agreement, assuming due
execution by the parties hereto and thereto, constitute valid and legally
binding obligations of the Subscriber, enforceable in accordance with their
respective terms, subject to: (i) judicial principles limiting the availability
of specific performance, injunctive relief, and other equitable remedies and
(ii) bankruptcy, insolvency, reorganization, moratorium or other similar laws
now or hereafter in effect generally relating to or affecting creditors’
rights.

     

    f.           The
Subscriber is an “accredited investor” as defined in Rule 501 of Regulation D as
promulgated by the Securities and Exchange Commission under the Securities Act
and shall submit to the Company such further assurances of such status as may be
reasonably requested by the Company.

     

    g.           The
Subscriber or its duly authorized representative realizes that because of the
inherently speculative nature of investments of the kind contemplated by the
Company, the Company’s investment results may be expected to fluctuate from
month to month and from period to period and will, generally, involve a high
degree of financial and market risk that can result in substantial or, at times,
even total losses.

     

    h.           The
Subscriber has adequate means of providing for its current and anticipated
financial needs and contingencies, is able to bear the economic risk for an
indefinite period of time and has no need for liquidity of the investment in the
PPO Units and could afford complete loss of such investment.

     

    i.           The
Subscriber is not subscribing for PPO Units 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, radio, or the
internet, or presented at any seminar or meeting, or any solicitation of a
subscription by a person not previously known to the Subscriber in connection
with investments in securities generally.

     

    j.           The
Subscriber agrees to be bound by all of the terms and conditions of the
Operating Agreement and to perform all obligations thereby imposed upon
it.

     

    k.           All
of the information that the Subscriber has heretofore furnished or which is set
forth herein is correct and complete as of the date of this Agreement, and, if
there should be any material change in such information prior to the admission
of the undersigned to the Company, the Subscriber will immediately furnish
revised or corrected information to the Company.

     

    4.           Transfer
Restrictions.  The Subscriber acknowledges and agrees as
follows:

     

    a.           The
PPO Units, the Membership Interest and the Warrant have not been registered for
sale under the Securities Act, in reliance on the private offering exemption in
Section 4(2) thereof; the Company does not intend to register the PPO Units, the
Membership Interest and the Warrant under the Securities Act at any time in the
future; and the undersigned will not be entitled to the benefits of Rule 144
with respect to the PPO Units, the Membership Interest and the
Warrant.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    b.           No
governmental agency has passed upon the PPO Units, the Membership Interest and
the Warrant or made any finding or determination as to the wisdom of any
investments therein.

     

    c.           Contractual
Restrictions on Transfers of the Membership Interest.  There are
substantial restrictions in the Operating Agreement on the transferability of
the Membership Interest, and if the Company decides to issue certificates
representing the Membership Interest, restrictive legends will be placed on any
certificates representing the Membership Interest.

    

    6.           Indemnification.  The
Subscriber agrees to indemnify and hold harmless the Company, Strasbourger
Pearson Tulcin Wolff, Inc., as placement agent in the Offering, and their
respective officers, directors, employees, agents, control persons and
affiliates from and against all losses, liabilities, claims, damages, costs,
fees and expenses whatsoever (including, but not limited to, any and all
expenses incurred in investigating, preparing or defending against any
litigation commenced or threatened) based upon or arising out of any actual or
alleged false acknowledgment, representation or warranty, or misrepresentation
or omission to state a material fact, or breach by the Subscriber of any
covenant or agreement made by the Subscriber herein or in any other document
delivered in connection with this Agreement.

     

    7.           Irrevocability; Binding
Effect.  The Subscriber hereby acknowledges and agrees that the
subscription hereunder is irrevocable by the Subscriber, except as required by
applicable law, and that this Agreement shall survive the death or disability of
the Subscriber and shall be binding upon and inure to the benefit of the parties
and their heirs, executors, administrators, successors, legal representatives
and permitted assigns.  If the Subscriber is more than one person, the
obligations of the Subscriber hereunder shall be joint and several and the
agreements, representations, warranties and acknowledgments herein shall be
deemed to be made by and be binding upon each such person and such person’s
heirs, executors, administrators, successors, legal representatives and
permitted assigns.

    

    8.           Modification.  This
Agreement shall not be modified or waived except by an instrument in writing
signed by the party against whom any such modification or waiver is
sought.

     

    9.           Immaterial Modifications to the
Operating
Agreement. The Company may, at any
time prior to the initial Closing, amend the Operating Agreement if necessary to
clarify any provision therein, without first providing notice or obtaining prior
consent of the Subscriber.

     

    10.           Notices.  Any notice
or other communication required or permitted to be given hereunder shall be in
writing and shall be mailed by certified mail, return receipt requested, or
delivered against receipt to the party to whom it is to be given (a) if to the
Company, at the address set forth above, or (b) if to the Subscriber, at the
address set forth on the signature page hereof (or, in either case, to such
other address as the party shall have furnished in writing in accordance with
the provisions of this Section 10).  Any notice or other communication
given by certified mail shall be deemed given at the time of certification
thereof, except for a notice changing a party’s address which shall be deemed
given at the time of receipt thereof.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    11.           Assignability.  This
Agreement and the rights, interests and obligations hereunder are not
transferable or assignable by the Subscriber and the transfer or assignment of
the PPO Units, the Membership Interest, the Warrant or the Membership Interest
underlying the Warrants shall be made only in accordance with all applicable
laws.

    

    12.           Applicable
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of New York, without reference to the
principles thereof relating to the conflict of laws.

     

    13.           Arbitration.  The
parties agree to submit all controversies to arbitration in accordance with the
provisions set forth below and understand that:

    

    (a)           Arbitration
is final and binding on the parties.

    

    (b)           The
parties are waiving their right to seek remedies in court, including the right
to a jury trial.

    

    (c)           Pre-arbitration
discovery is generally more limited and different from court
proceedings.

    

    (d)           The
arbitrator’s award is not required to include factual findings or legal
reasoning and any party’s right to appeal or to seek modification of rulings by
arbitrators is strictly limited.

    

    (e)           The
panel of arbitrators will typically include a minority of arbitrators who were
or are affiliated with the securities industry.

    

    (f)           All
controversies which may arise between the parties concerning this Agreement
shall be determined by arbitration pursuant to the rules then pertaining to the
Financial Industry Regulatory Authority in New York City, New
York.  Judgment on any award of any such arbitration may be entered in
the Supreme Court of the State of New York or in any other court having
jurisdiction of the person or persons against whom such award is
rendered.  Any notice of such arbitration or for the confirmation of
any award in any arbitration shall be sufficient if given in accordance with the
provisions of this Agreement.  The parties agree that the
determination of the arbitrators shall be binding and conclusive upon
them.

    

    14.           Blue Sky
Qualification.  The purchase of PPO Units under this Agreement
is expressly conditioned upon the exemption from qualification of the offer and
sale of the PPO Units from applicable federal and state securities
laws.  The Company shall not be required to qualify this transaction
under the securities laws of any jurisdiction and, should qualification be
necessary, the Company shall be released from any and all obligations to
maintain its offer, and may rescind any sale contracted, in the
jurisdiction.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    15.           Use of
Pronouns.  All pronouns and any variations thereof used herein
shall be deemed to refer to the masculine, feminine, neuter, singular or plural
as the identity of the person or persons referred to may require.

    

    16.           Confidentiality.  The
Subscriber acknowledges and agrees that any information or data the Subscriber
has acquired from or about the Company, not otherwise properly in the public
domain, including, without limitation, the Operating Agreement and the business
summary of the Company, was received in confidence.  The Subscriber
agrees not to divulge, communicate or disclose, except as may be required by law
or for the performance of this Agreement, or use to the detriment of the Company
or for the benefit of any other person, or misuse in any way, any confidential
information of the Company, including any scientific, technical, trade or
business secrets of the Company and any scientific, technical, trade or business
materials that are treated by the Company as confidential or proprietary,
including, but not limited to, ideas, discoveries, inventions, developments and
improvements belonging to the Company and confidential information obtained by
or given to the Company about or belonging to third parties.

    

    17.           Miscellaneous.

    

    (a)           This
Agreement, together with the Operating Agreement, constitute the entire
agreement between the Subscriber and the Company with respect to the subject
matter hereof and supersede all prior oral or written agreements and
understandings, if any, relating to the subject matter hereof.  The
terms and provisions of this Agreement may be waived, or consent for the
departure therefrom granted, only by a written document executed by the party
entitled to the benefits of such terms or provisions.

    

    (b)           The
representations and warranties of the Company and the Subscriber made in this
Agreement shall survive the execution and delivery hereof and delivery of the
Membership Interest and the Warrant contained in the PPO Units.

    

    (c)           Each
of the parties hereto shall pay its own fees and expenses (including the fees of
any attorneys, accountants, appraisers or others engaged by such party) in
connection with this Agreement and the transactions contemplated hereby, whether
or not the transactions contemplated hereby are consummated.

    

    (d)           This
Agreement may be executed in one or more original or facsimile counterparts,
each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument.

    

    (e)           Each
provision of this Agreement shall be considered separable and, if for any reason
any provision or provisions hereof are determined to be invalid or contrary to
applicable law, such invalidity or illegality shall not impair the operation of
or affect the remaining portions of this Agreement.

    

    (f)           Paragraph
titles are for descriptive purposes only and shall not control or alter the
meaning of this Agreement as set forth in the text.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (g)           The
Subscriber understands and acknowledges that there may be multiple Closings for
the Offering.

    

    (h)           The
Subscriber hereby agrees to furnish the Company such other information as the
Company may request prior to the Closing with respect to its subscription
hereunder.

    

    18.           Omnibus Signature
Page.  This Agreement is intended to be read and construed in
conjunction with the Operating Agreement pertaining to the issuance by the
Company of the PPO Units, the Membership Interest, the Warrant and the
Membership Interest underlying the Warrant to subscribers in the
Offering.  Accordingly, pursuant to the terms and conditions of this
Agreement and such related agreements, it is hereby agreed that the execution by
the Subscriber of this Agreement, in the place set forth herein, shall
constitute agreement to be bound by the terms and conditions hereof and the
terms and conditions of the Operating Agreement, with the same effect as if each
of such separate but related agreement were separately signed.

    

    19.           Public
Disclosure.  Neither the Subscriber nor any officer, manager,
director, member, partner, stockholder, employee, affiliate, affiliated person
or entity of the Subscriber shall make or issue any press releases or otherwise
make any public statements or make any disclosures to any third person or entity
with respect to the transactions contemplated herein and will not make or issue
any press releases or otherwise make any public statements of any nature
whatsoever with respect to the Company without the Company’s express prior
approval.  The Company has the right to withhold such approval in its
sole discretion.

    

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    How
to subscribe for PPO Units in the private offering of

    Crownbutte
Wind Power LLC:

    

    
      	
              1.

            	
              Date and Fill in the
      number of PPO Units being purchased and Complete and Sign the
      Omnibus Signature Page.

            

    

    

    
      	
              2.

            	
              Initial the Accredited
      Investor Certification page.

            

    

    

    
      	
              3.

            	
              Fax or
      email
      all forms and then send all signed original documents, along with a
      check or wire transfer representing the exact dollar amount of the number
      of PPO Units for subscription,
      to:

            

    

    

    Gottbetter
& Partners, LLP

    488
Madison Avenue, 12th Floor

    New York,
NY  10022

    Facsimile
Number:  (212) 400-6901

    Telephone
Number:  (212) 400-6900

    Attn:  Rachel
L. DeGenaro

    E-mail
Address:  rlg@gottbetter.com

    

    
      	
              4.

            	
              Any
      check for the subscription of PPO Units should be made payable to the
      order of “Gottbetter
      & Partners, LLP, Escrow Agent for CROWNBUTTE WIND POWER
      LLC”.

            

    

    

    
      	
              5.

            	
              If
      the funds are being sent by wire transfer to the escrow account, please
      see the
      following instructions:

            

    

    

    
      
        
          
            
              
                
                  
                    	
                            Bank:

                          	
                            Citibank,
      N.A.

                            330
      Madison Avenue, New York, New York

                          
	 	 
	
                            ABA
      Routing #:

                          	
                            021000089

                          
	 	 
	
                            Swift
      Code:

                          	
                            CITIUS33

                          
	 	 
	
                            Beneficiary:

                          	
                            Gottbetter
      & Partners, LLP, Attorney Trust Account

                          
	 	 
	
                            Account
      #:

                          	
                            49061322

                          
	 	 
	
                            Reference:

                          	
                            “Crownbutte
      Wind Power LLC – [insert Subscriber’s
name]”

                          

                  

                

              

            

          

        

      

    

     

    Gottbetter
& Partners Accounting Contact:

    Vincent
DiPaola; telephone: (212) 400-6900; e-mail: vdp@gottbetter.com.

    

    Thank you
for your interest,

    

    Crownbutte
Wind Power LLC

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    CROWNBUTTE
WIND POWER LLC

    OMNIBUS
SIGNATURE PAGE TO

    SUBSCRIPTION
AGREEMENT AND

    OPERATING
AGREEMENT

     

    IN
WITNESS WHEREOF, the Subscriber hereby executes this Subscription Agreement and
the Operating Agreement.

     

    Dated: ______________________ ,
2008

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      	
                                                                              SUBSCRIBER
      (individual)

                                                                            	 
      	
                                                                              SUBSCRIBER
      (entity)

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                                              Signature

                                                                            	 
      	
                                                                              Name
      of Entity

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                                              Print
      Name

                                                                            	 
      	
                                                                              Signature

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                                                                              Print
      Name:

                                                                            	 
      
	
                                                                              Signature
      (if Joint Tenants or Tenants in Common)

                                                                            	 
      	 
      
	 
      	 
      	
                                                                              Title:

                                                                            	 
      
	 
      	 
      	 
      
	
                                                                              Address
      of Principal Residence:

                                                                            	 
      	
                                                                              Address
      of Executive Offices:

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                                              Social
      Security Number(s):

                                                                            	 
      	
                                                                              IRS
      Tax Identification Number:

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                                              Telephone
      Number:

                                                                            	 
      	
                                                                              Telephone
      Number:

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                                              Facsimile
      Number:

                                                                            	 
      	
                                                                              Facsimile
      Number:

                                                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                                                                              E-mail
      Address:

                                                                            	 
      	
                                                                              E-mail
      Address:

                                                                            
	 
      	 
      	 
      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	 	
                                        X

                                      	
                                        $0.50

                                      	 	
                                        =

                                      	
                                        $

                                      	 
      
	
                                        Number
      of PPO Units

                                      	 	 
      	
                                        Price
      per PPO Unit

                                      	 	 
      	
                                        Purchase
      Price

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    CROWNBUTTE
WIND POWER LLC

     

    IN
WITNESS WHEREOF, the Company has duly executed this Subscription
Agreement.

     

    
      
        
          
            	
                    CROWNBUTTE
      WIND POWER LLC

                  
	 
      	 
      
	
                    By:

                  	 
      
	
                    Name:

                  	
                    Timothy
      H. Simons

                  
	
                    Title:

                  	
                    Chief
      Executive Officer and
Governor

                  

          

        

      

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    Appendix
A

    CROWNBUTTE
WIND POWER LLC

    ACCREDITED
INVESTOR CERTIFICATION

    

    For
Individual Accredited Investors Only

    (all
Individual Accredited Investors must INITIAL where
appropriate):

    

    
      
        
          
            	
                    Initial _______

                  	 
      	
                    I
      have a net worth (including home, furnishings and automobiles) in excess
      of $1,000,000 either individually or through aggregating my individual
      holdings and those in which I have a joint, community property or other
      similar shared ownership interest with my spouse.

                  
	
                    Initial
      _______

                  	 
      	
                    I
      have had an annual gross income for the past two years of at least
      $200,000 (or $300,000 jointly with my spouse) and expect my income (or
      joint income, as appropriate) to reach the same level in the current
      year.

                  

          

        

      

    

    

    
      For Non-Individual Accredited
Investors

    

    
      (all Non-Individual Accredited
Investors must INITIAL where
appropriate):

    

    

    
      
        
          
            
              	
                      Initial _______

                    	 
      	
                      The
      investor certifies that it is a partnership, corporation, limited
      liability company or business trust that is 100% owned by persons who meet
      at least one of the criteria for Individual Investors set forth
      above.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is a partnership, corporation, limited
      liability company or business trust that has total assets of at least $5
      million and was not formed for the purpose of investing in the
      Company.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is an employee benefit plan whose investment
      decision is made by a plan fiduciary (as defined in ERISA §3(21)) that is
      a bank, savings and loan association, insurance company or registered
      investment adviser.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is an employee benefit plan whose total assets
      exceed $5,000,000 as of the date of this Agreement.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      undersigned certifies that it is a self-directed employee benefit plan
      whose investment decisions are made solely by persons who meet either of
      the criteria for Individual Investors.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is a U.S. bank, U.S. savings and loan
      association or other similar U.S. institution acting in its individual or
      fiduciary capacity.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      undersigned certifies that it is a broker-dealer registered pursuant to
      §15 of the Securities Exchange Act of 1934.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is an organization described in §501(c)(3) of
      the Internal Revenue Code with total assets exceeding $5,000,000 and not
      formed for the specific purpose of investing in the
    Company.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is a trust with total assets of at least
      $5,000,000, not formed for the specific purpose of investing in the
      Company, and whose purchase is directed by a person with such knowledge
      and experience in financial and business matters that he is capable of
      evaluating the merits and risks of the prospective
    investment.

                    
	
                      Initial
      _______

                    	 
      	
                      The
      investor certifies that it is a plan established and maintained by a state
      or its political subdivisions, or any agency or instrumentality thereof,
      for the benefit of its employees, and which has total assets in excess of
      $5,000,000.

                    
	
                      Initial
      _______

                    	
                        

                    	
                      The
      investor certifies that it is an insurance company as defined in §2(13) of
      the Securities Act, or a registered investment
  company.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]