Document:

FORM
      OF

    

    INVESTMENT
      MANAGEMENT TRUST AGREEMENT

    

    This
      INVESTMENT
      MANAGEMENT TRUST AGREEMENT
      (this
“Agreement”) is made as of ________________, 2008, by and between Renewable
      Energy Acquisition Corp. (the “Company”), a Nevada corporation, and Associated
      Bank Minnesota, National Association of Minneapolis, Minnesota
      (“Bank”). 

    

    WHEREAS,
      the
      Company’s Registration Statement on Form SB-2, File No. 333-____________, as
      amended (the “Registration Statement” and the final prospectus contained
      therein, the “Prospectus”), for its initial public offering of a maximum of
      2,000,000 units (“IPO”) was declared effective on ________________ by the
      Securities and Exchange Commission, and pursuant thereto the Company is closing
      on the sale of units in the IPO as of the date hereof (“Closing Date”); and

    

    WHEREAS,
      Crusader Securities, Inc., (the “Underwriter”) is acting as the underwriter in
      the IPO; and 

    

    WHEREAS,
      as
      described in the Registration Statement, cash in an amount equal to the number
      of units old in the IPO multiplied by $4.80 per unit will be delivered to the
      Bank to be deposited and held in a trust account for the benefit of the Company,
      the Underwriter and the public holders (the “Public Stockholders”) of the
      Company’s common stock, par value $0.001 per share (the “Common Stock”), issued
      in the IPO. The amount to be delivered to the Bank will be referred to herein
      as
      the “Property.” The Public Stockholders, the Underwriter and the Company will be
      referred to together as the “Beneficiaries”; and 

    

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

    

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

    

    1. Agreements
      and Covenants of Bank. The Bank 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 (the “Trust Account”) established by the
      Bank; 

    

    (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 (i) 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 (provided that such “government securities” shall be determined and
      selected by the Company), or (ii) other deposit accounts or common trust funds
      of the Bank that will not render the Company an “Investment Company” under the
      Investment Company Act of 1940; 

    

    (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 the tax returns for the Trust
      Account; 

    

    (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 the Underwriter, 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 tax obligation relating to the income of the Property in the
      Trust
      Account, then, at the written instruction of the Company, the Bank shall issue
      a
      check directly to the taxing authorities designated by the Company, out of
      the
      Property in the Trust Account, for the amount indicated by the Company as owing
      to each such taxing authority. In all such cases, the Bank shall promptly
      provide the Underwriter with a copy of any disbursement requests or other
      correspondence it receives with respect to any proposed withdrawal from the
      Trust Account; 

    

    (j) Upon
      written request from the Company, the Bank shall distribute to the Company
      such
      amount as may be requested by the Company, provided, however, that the aggregate
      amount distributed by the Bank to the Company pursuant to this Section 1(j)
      may
      not exceed the lesser of (i) the aggregate amount of 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 [__]% and (ii)
      $________; and 

    

    (k) Commence
      and effect liquidation of the Trust Account in accordance with the following
      procedures: 

    

    (i) The
      Bank
      shall liquidate the Property (other than cash) and distribute the proceeds
      of
      such liquidation and any cash held in the Trust Account immediately after
      receipt of,
      and 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,
      as the case may be; 

    

    (ii) Any
      Termination Letter delivered pursuant to this Agreement shall be executed on
      behalf of the Company by its Chief Executive Officer or President and shall
      be
      affirmed by the signatures of the Company’s entire Board of Directors;

    

    (iii) Notwithstanding
      the provisions of Section 1(k)(i) hereof,
      the
      Trust
      Account shall be immediately liquidated and distributed to the Public
      Stockholders of record on the Record Date or the Extended Record Date (each
      as
      defined below), as the case may be, in the manner described in the Termination
      Letter attached as Exhibit B, in the event that a Termination Letter has not
      been received by the Bank by either: (A) _______________________, 2010 (the
      “Record Date”), or a more practicable date, determined by the Bank in its sole
      and absolute discretion, which is no more than ten (10) days before or after
      the
      Record Date or (B) the date that is the six month anniversary of the Record
      Date
      or such other, more practicable date, as determined by the Bank in accordance
      with subsection (A) above (such date, the “Extended Record Date”), in the event
      that a letter of intent, agreement in principle or definitive agreement has
      been
      executed prior to the Record Date in connection with a Business Combination
      (as
      defined in the Prospectus) that has not been consummated by the Extended Record
      Date. 

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    (iv) All
      distributions of Property made to the Public Stockholders upon the liquidation
      of the Trust as provided for herein shall be made from the Trust Account through
      the Bank (and not through the Company) as follows: (A) by the Bank through
      the
      transfer agent for the Company to the Public Stockholders who hold shares of
      Common Stock “of record” as of the Record Date or the Extended Record Date, as
      the case may be, or (B) through the Depository Trust Company, to the Public
      Stockholders who hold shares of Common Stock in “street name” as of the Record
      Date or the Extended Record Date, as the case may be. 

    

    2. Agreements
      and Covenants of the Company. The Company hereby agrees and covenants as
      follows. 

    

    (a) The
      Company shall give all instructions to the Bank hereunder in writing, signed
      by
      the Company’s President, Chief Executive Officer or Chairman of the Board and
      affirmed in writing by the Company’s Board of Directors. In addition, except
      with respect to its duties under Section 1(k) above, the Bank shall be entitled
      to rely on, and shall be protected in relying on, any verbal or telephonic
      advice or instruction that it in good faith believes to be given by any one
      of
      the persons authorized above to give written instructions, provided that the
      Company shall promptly confirm such instructions in writing. 

    

    (b) The
      Company shall hold the Bank harmless and indemnify the Bank from and against,
      any and all expenses, including reasonable counsel fees and disbursements,
      or
      loss suffered by the Bank in connection with any action, suit or other
      proceeding brought against the Bank involving any claim, or in connection with
      any claim or demand that in any way arises out of or relates to this Agreement,
      the services of the Bank hereunder, or the Property or any income earned from
      investment of the Property, except for expenses and losses resulting from the
      Bank’s gross negligence or willful misconduct. Promptly after the receipt by the
      Bank of notice of demand or claim or the commencement of any action, suit or
      proceeding, pursuant to which the Bank intends to seek indemnification under
      this Section, it shall notify the Company in writing of such claim (hereinafter
      referred to as the “Indemnified Claim”). The Bank shall have the right to
      conduct and manage the defense against such Indemnified Claim, provided, that
      the Bank shall obtain the consent of the Company with respect to the selection
      of counsel, which consent shall not be unreasonably withheld. The Company may
      participate in such action with its own counsel. 

    

    (c) The
      Company shall pay the Bank an initial acceptance fee of $_______ and an annual
      fee of $_______ (it being expressly understood that the Property shall not
      be
      used to pay such fee). The Company shall pay the Bank the initial acceptance
      fee
      and first year’s fee on the Closing Date and thereafter on the anniversary of
      the Closing Date. The Bank shall refund to the Company the annual fee (on a
      pro
      rata basis) with respect to any period after the liquidation of the Trust Fund.
      The Company shall not be responsible for any other fees or charges of the Bank
      except as may be provided in Section 2(b) hereof (it being expressly understood
      that the Property shall not be used to make any payments to the Bank under
      such
      Section); 

    

    (d) The
      Company shall provide to the Bank (and, at such time, certify in writing, and
      cause each of the Company’s executive officers and directors to certify in
      writing, to the Bank as to the veracity and completeness of) any letter of
      intent, agreement in principle or definitive agreement that is executed prior
      to
      the Record Date in connection with a Business Combination. 

    

    (e) In
      connection with any vote of the Company’s stockholders regarding a Business
      Combination, the Company shall provide to the Bank an affidavit or certificate
      of a firm regularly engaged in the business of soliciting proxies and tabulating
      stockholder votes (which firm may be the Company’s transfer agent) verifying the
      vote of the Company’s stockholders regarding such Business Combination.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

       

    

    3. Limitations
      of Liability. The Bank shall have no responsibility or liability to:

    

    (a) Take
      any
      action with respect to the Property, other than as directed in Section 1 hereof
      and the Bank 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 Section 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 Bank; 

    

    (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 the Bank’s gross negligence or willful
      misconduct; 

    

    (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; and 

    

    (h) File
      tax
      reports, prepare income tax returns or pay any taxes on behalf of the Trust
      Account (it being expressly understood that, as set forth in Section 1(i),
      if
      there is any income tax obligation relating to the income of the Property in
      the
      Trust Account, then, at the written instruction of the Company, the Bank shall
      issue a check directly to the taxing authorities designated by the Company,
      out
      of the Property in the Trust Account, in the amount indicated by the Company
      as
      owing to each such taxing authority). 

    

    With
      respect to any matter arising under this Agreement, the Bank 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
      Bank), 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 Bank, in good faith, to be genuine and to be signed or
      presented by the proper person or persons. The Bank 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 Bank signed by the proper party or parties and, if the duties
      or rights of the Bank are affected, unless it shall give its prior written
      consent thereto.

    

    
      
         

      

      
        4

        
          

        

      

      
         

    

    4. Termination.
      This Agreement shall terminate as follows: 

    

    (a) If
      the
      Bank 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, during which time the Bank shall continue to act in accordance with
      this Agreement. At such time that the Company notifies the Bank that a successor
      trustee has been appointed by the Company and has agreed to become subject
      to
      the terms of this Agreement, the Bank 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 Bank, the Bank may, but shall not be obligated
      to,
      submit an application to have the Property deposited with the United States
      District Court for the District of Nevada and upon such deposit, the Bank shall
      be immune from any liability whatsoever.

    

    (b) At
      such
      time that the Bank has completed the liquidation of the Trust Account in
      accordance with the provisions of Section 1(k) hereof, and distributed the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Section 2(b). 

    

    (c) On
      such
      date after the Record Date (or, as the case may be, the Extended Record Date)
      when the Bank deposits the Property with the United States District Court for
      the District of Nevada in the event that, prior to such date, the Bank has
      not
      received a Termination Letter from the Company pursuant to Section 1(k) hereof.
      

    

    5.
      Miscellaneous. 

    

    (a) The
      Company and the Bank each acknowledge that the Bank will follow the security
      procedures set forth below with respect to funds transferred from the Trust
      Account. Upon receipt of written instructions, the Bank will confirm such
      instructions with an Authorized Individual at an Authorized Telephone Number
      listed on the attached Exhibit C. The Company and the Bank will each restrict
      access to confidential information relating to such security procedures to
      authorized persons. Each party must notify the other party immediately if it
      has
      reason to believe unauthorized persons may have obtained access to such
      information, or of any change in its authorized personnel. In executing funds
      transfers, the Bank will rely upon account numbers or other identifying numbers
      of a beneficiary, beneficiary’s bank or intermediary bank, rather than names.
      The Bank 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. 

    

    (b) This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of Nevada, without giving effect to conflict of laws. It
      may
      be executed in several counterparts, each one of which may be delivered by
      facsimile transmission and each of which shall constitute an original, and
      together shall constitute but one instrument. 

    

    (c) This
      Agreement contains the entire agreement and understanding of the parties hereto
      with respect to the subject matter hereof. 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, and no successor Bank may be appointed pursuant to
      Section 4(a), without the prior written consent of the Underwriter, who, the
      parties specifically agree, is and shall be a third-party beneficiary for
      purposes of this Agreement. As to any claim, cross-claim or counterclaim in
      any
      way relating to this Agreement, each party waives the right to trial by jury.
      

    
      

      
        
           

        

        
          5

          
            

          

        

        
           

      

    

    (d) The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the State and Nevada for purposes of resolving any disputes
      hereunder. The parties hereto irrevocably submit to such jurisdiction, which
      jurisdiction shall be exclusive. The parties hereto hereby waive any objection
      to such exclusive jurisdiction and that such courts represent an inconvenient
      forum. 

    

    (e) 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
      Bank, to: 

    

    Associated
      Bank

    Associated
      Wealth Management 

    2655
      Campus Drive

    Plymouth,
      Minnesota 55441

    Attn.
      Kevin Bruns

    Fax:
      ________________________________

     

    If
      to the
      Company, to: 

    

    Renewable
      Energy Acquisition Corp.

    7078
      East
      Fish Lake Road, Suite 800

    Minneapolis,
      Minnesota 55311

    Attn:
      Craig S. Laughlin

    Fax:
      612-395-5435

    

    In
      either
      case with a copy to: 

    

    Crusader
      Securities, Inc.

    230
      Park
      Avenue, Suite 1000

    New
      York,
      NY 10169

    Attn:
      Blair West

    Fax:
      212-472-2228

    

    (f) This
      Agreement may not be assigned by the Bank without the prior consent of the
      Company and the Underwriter. 

    

    (g) Each
      of
      the Bank 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. 

    

    (h) The
      Bank
      hereby waives any and all right, title, interest or claim of any kind (“Claim”)
      in or to any distribution of the Trust Account, and hereby agrees not to seek
      recourse, reimbursement, payment or satisfaction for any Claim against the
      Trust
      Account, for any reason whatsoever. 

    

    (i) The
      Bank
      hereby consents to the inclusion of the references to the Bank and the
      arrangement established hereby in the Registration Statement and other materials
      relating to the IPO. 

    

    
      
         

      

      
        6

        
          

        

      

      
         

    

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

    

    
      	
              [Associated
                Bank]

            
	 
	 
	
              By:

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              Name:

            	
               

            	
               

            
	
               

            	
               

            	
              Title:

            	
               

            	
               

            
	 
	
              Renewable
                Energy Acquisition Corp.

            
	 	 	 
	
              By:

            	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
              Name:

            	
               

            	 
	
               

            	
               

            	
              Title:

            	
               

            	 

    

    
      

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

    

     

    EXHIBIT
      A 

    

    Renewable
      Energy Acquisition Corp.

    10935
      57th Ave. No.

    Plymouth,
      Minnesota 55305

    (952)
      541-1155

    

    [Insert
      date] 

    

    [Associated
      Bank]

     

    _______________________________________________

     

    _______________________________________________

     

    _______________________________________________

     

    _______________________________________________

     

     

    Re:
      Trust
      Account No. ____________________ Termination
      Letter 

    

    Gentlemen:
      

    

    Pursuant
      to Section 1(k) of the Investment Management Trust Agreement between Renewable
      Energy Acquisition Corp. (the “Company”) and [Associated Bank] (“Bank”), dated
      as of __________________, 2007 (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 the Target Business (a “Business Combination”) on or about
      [insert date]. The Company shall notify you at least two business days in
      advance of the actual date of the consummation of the Business Combination
      (the
“Consummation Date”). 

    

    Pursuant
      to paragraph 2(e) of the Trust Agreement, we are providing you with an affidavit
      or certificate of ____________________________, which verifies the vote of
      the
      Company’s stockholders in connection with the Business Combination, including
      the identities of the Public Stockholders who exercised their conversion option
      in connection with the Business Combination (the “Vote Verification”). 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 distribution. 

    

    On
      the
      Consummation Date: (i) counsel for the Company shall deliver to you written
      notification that the Business Combination has been consummated, and (ii) the
      Company shall deliver to you written instructions with respect to the transfer
      of the funds held in the Trust Account (“Instruction Letter”). You are hereby
      directed and authorized to transfer the funds held in the Trust Account
      immediately upon your receipt of the counsel’s letter and the Instruction
      Letter, (a) to Public Stockholders who exercised their conversion option in
      connection with the Business Combination, in an amount equal to their pro rata
      share of the amounts in the Trust Account on the day preceding the Business
      Combination (including any income actually received on amounts in the Trust
      Account but less an amount equal to estimated taxes that are or will be due
      on
      such income at an assumed rate of [__]%); and (b) the remainder 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 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 and the Trust Account closed. 

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    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,

            
	 
	
              Renewable
                Energy Acquisition Corp.

            
	 	 
	
              By:

            	
               

            	
               

            
	
              Name:

            	
               

            	
               

            
	
              Title:

            	
               

            	
               

            
	 	 
	
              By:

            	
               

            	
               

            
	
              Name:

            	
               

            	
               

            
	
              Title:

            	
               

            	
               

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    EXHIBIT
      B 

    

    Renewable
      Energy Acquisition Corp.

    10935
      57th Ave. No.

    Plymouth,
      Minnesota 55305

    (952)
      541-1155

    

    [Insert
      date] 

    

    [Associated
      Bank]

     

    _______________________________________________

     

    _______________________________________________

     

    _______________________________________________

     

    _______________________________________________

    

     

    Re:
      Trust
      Account No. ____________________ Termination
      Letter 

    

    Gentlemen:
      

    

    Pursuant
      to Section 1(k) of the Investment Management Trust Agreement between Renewable
      Energy Acquisition Corp. (the “Company”) and [Associated Bank] (the “Bank”),
      dated as of _______________________, 2005 (the “Trust Agreement”), this is to
      advise you that the Board of Directors of the Company has voted to dissolve
      and
      liquidate the Trust Account (as defined in the Trust Agreement). Attached hereto
      is a copy of the minutes of the meeting of the Board of Directors of the Company
      relating thereto, certified by the Secretary of the Company as true and correct
      and in full force and effect. 

    

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account. In connection with this liquidation,
      you are hereby authorized, in your discretion, to establish a record date for
      the purposes of determining the Public Stockholders of record entitled to
      receive their per share portion of the Trust Account. The record date shall
      be
      within ten (10) days of the date of this letter. You will notify the Company
      in
      writing as to when all of the funds in the Trust Account will be available
      for
      immediate transfer (“Transfer Date”) in accordance with the terms of the Trust
      Agreement on a pro rata basis to the Public Stockholders of the Company,
      provided that you shall retain in the Trust Account an amount equal to estimated
      taxes that are or will be due on income of the Trust Account at an assumed
      rate
      of [__]%. You shall commence distribution of such funds in accordance with
      the
      terms of the Trust Agreement and you shall oversee the distribution of the
      funds. Upon the payment of all the funds in the Trust Account, the Trust
      Agreement shall be terminated. 

     

    
      	 	 	 
	
              Very
                truly yours,

            
	 
	
              Renewable
                Energy Acquisition Corp.

            
	 	 
	
              By:

            	
               

            	
               

            
	
              Name:

            	
               

            	
               

            
	
              Title:

            	
               

            	
               

            
	 	 
	
              By:

            	
               

            	
               

            
	
              Name:

            	
               

            	
               

            
	
              Title:

            	
               

            	
               

            

    

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    EXHIBIT
      C

    

    
      	 	 	 
	
              AUTHORIZED
                INDIVIDUAL(S)

              FOR
                TELEPHONE CALL BACK

            	
               

            	
              AUTHORIZED

              TELEPHONE
                NUMBER(S)

            
	 	 	 
	
              Company:

            	
               

            	
               

            
	 	 
	
              Renewable
                Energy Acquisition Corp.

            	
               

            	
               

            
	
              10935
                57th Ave. No.

            	
               

            	
               

            
	
              Plymouth,
                Minnesota 55305

            	
               

            	
               

            
	
              Attn:
                Craig S. Laughlin, CEO

            	
               

            	
              (952)
                541-1155

            
	 	 
	
              Bank:

            	
               

            	
               

            
	 	 
	
              [Associated
                Bank]

            	
               

            	
               

            
	_____________________________	
               

            	
               

            
	_____________________________ 	
               

            	
               

            
	_____________________________	
               

            	
               

            
	
              Attn:
                _________________________    

            	
               

            	
              (____)
                __________

            

    

     

    
      
         

      

      
        11Lock-up
      Agreement

     

    ________________,
      2008

    

    Crusader
      Securities, Inc.

    230
      Park
      Avenue, Suite 1000

    New
      York,
      NY 10169

    

    Re: Renewable
      Energy Acquisition Corp.

    

    Ladies
      and Gentlemen: 

    

    This
      letter is being delivered to you in connection with the proposed Underwriting
      Agreement (the “Underwriting Agreement”), between Renewable Energy Acquisition
      Corp., a corporation organized under the laws of Nevada (the “Company”), and you
      as the Underwriter relating to an underwritten public offering of Units
      consisting of one share of the Company’s common stock, par value $0.001 per
      share (the “Common Stock”) and two warrants, each to purchase one share of
      Common Stock, of the Company. 

    

    In
      order
      to induce you to enter into the Underwriting Agreement, the undersigned will
      not, without your prior written consent, offer, sell, contract to sell, pledge
      or otherwise dispose of, (or enter into any transaction which is designed to,
      or
      might reasonably be expected to, result in the disposition (whether by actual
      disposition or effective economic disposition due to cash settlement or
      otherwise) by the undersigned or any affiliate of the undersigned or any person
      in privity with the undersigned or any affiliate of the undersigned), directly
      or indirectly, including the filing (or participation in the filing) of a
      registration statement with the Securities and Exchange Commission 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, (the “Exchange Act”) and the rules and
      regulations of the Securities and Exchange Commission promulgated thereunder
      with respect to, any shares of capital stock of the Company or any securities
      convertible into, or exercisable or exchangeable for such capital stock, or
      publicly announce an intention to effect any such transaction, for a period
      of
      180 days after the date of the Underwriting Agreement (the “Restricted Period”);
      provided however that the foregoing sentence shall not apply to (A) shares
      of
      Common Stock disposed of as bona fide gifts approved in writing by the
      Underwriter, (B) any transfer for estate planning purposes of shares of Common
      Stock to persons immediately related to such transferor by blood, marriage
      or
      adoption, (C) any trust solely for the benefit of such transferor and/or the
      persons described in the preceding clause, or (D) the exercise of an option
      granted by one or more of the Initial Stockholders to a third party prior to
      the
      date hereof; provided, however, that with respect to each of the transfers
      described in clauses (A), (B), (C) and (D) of this sentence, (i) prior to such
      transfer, the transferee of such transfer, or the trustee or legal guardian
      on
      behalf of any transferee, agrees in writing to be bound by the terms of this
      letter and (ii) no filing by any party under the Exchange Act shall be required
      or shall be voluntarily made in connection with such disposition or transfer.
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    The
      term
      the “Restricted Period” means the period commencing on the date hereof and
      ending 180 days after the date of the Underwriting Agreement, except that if
      (a)
      during the last 17 days of the Restricted Period the Company issues an earnings
      release or material news or a material event relating to the Company occurs
      or
      (b) prior to the expiration of the Restricted Period the Company announces
      that
      it will release earnings results during the 16 day period beginning on the
      last
      day of the Restricted Period, then the Restricted Period shall end on and
      include the 18th day following the date of the issuance of the earnings release
      or the occurrence of the material news or material event. 

    

    If
      for
      any reason the Underwriting Agreement shall be terminated prior to the Closing
      Date (as defined in the Underwriting Agreement), the agreement set forth above
      shall likewise terminate and be of no force or effect. 

    

    Yours
      very truly,

    

     

      
        

      

    

    Craig
      S.
      Laughlin

    7078
      East
      Fish Lake Road, Suite 800

    Minneapolis,
      MN 55311

    

    
      
         

      

      
        2

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