Document:

INDEMNIFICATION
      AGREEMENT 

    

    This
      INDEMNIFICATION AGREEMENT, made and entered into this ____ day of
      ________________, 2008 (“Agreement”), by and between Renewable Energy
      Acquisition Corp., a Nevada corporation (the “Company”) and
      ___________________________ (“Indemnitee”). 

    

    WHEREAS,
      competent persons are becoming more reluctant to serve corporations as directors
      or in other capacities unless they are provided with adequate protection through
      insurance or adequate indemnification against inordinate risks of claims and
      actions against them arising out of their service to and activities on behalf
      of
      the corporation, and 

    

    WHEREAS,
      the Board of Directors of the Company has determined that the inability to
      attract and retain such persons is detrimental to the best interests of the
      Company’s stockholders and that the Company should act to assure such persons
      that there will be increased certainty of such protection in the future; and
      

    

    WHEREAS,
      it is reasonable, prudent and necessary for the Company contractually to
      obligate itself to indemnify such persons to the fullest extent permitted by
      applicable law so that they will serve or continue to serve the Company free
      from undue concern that they will not be so indemnified; and 

    

    WHEREAS,
      Indemnitee is willing to serve, continue to serve and to take on additional
      service for or on behalf of the Company on the condition that Indemnitee be
      so
      indemnified; 

    

    NOW,
      THEREFORE, in consideration of the promises, conditions, representations and
      warranties set forth herein, including Indemnitee’s continued service to the
      Company, the Company and Indemnitee hereby covenant and agree as follows:

    

    ARTICLE
      I

    DEFINITIONS

    

    For
      purposes of this Agreement, the following terms shall have the meaning given
      here: 

    

    1.01 “Board”
      shall mean the Board of Directors of the Company. 

    

    1.02 “Corporate
      Status” describes the status of a person who is or was a director, officer,
      employee, agent or fiduciary of the Company or of any other corporation,
      partnership, joint venture, trust, employee benefit or other enterprise which
      such person is or was serving at the express written request of the Company.
      

    

    1.03 “Covered
      Act” means any breach of duty, neglect, error, misstatement, misleading
      statement, omission or other act done or wrongfully attempted by Indemnitee
      or
      against any of the foregoing alleged by any claimant or any claim against
      Indemnitee by reason of being a director, officer or stockholder of the Company.
      

    

    1.04 “D&O
      Insurance” means the directors’ and officers’ liability insurance in favor of
      the Company and as reflected by the policy or policies issued by the insurer(s),
      and having the policy number(s), amount(s) and deductible(s) now existing or
      hereafter acquired and included in the Company’s files or replacement or
      substitute policies issued by one or more reputable insurers. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    1.05 “Determination”
      means a determination, based on the facts known at the time, made by:

    

    (a) A
      majority vote of a quorum of disinterested directors; or 

    

    (b) Independent
      Counsel in a written opinion prepared at the request of a majority of a quorum
      of Disinterested Directors; or 

    

    (c) A
      majority of the disinterested stockholders of the Company; or 

    

    (d) A
      final
      adjudication by a court of competent jurisdiction. 

    

    “Determined”
      shall have a correlative meaning. 

    

    1.06 “Disinterested
      Director” means a director of the Company who is not and was not a party to the
      Proceeding in respect of which indemnification is sought by Indemnitee.

    

    1.07 “Effective
      Date” means _________________, 2008. 

    

    1.08 “Excluded
      Claim” means any payment for Losses or Expenses in connection with any claim:

    

    (a) Based
      upon or attributable to Indemnitee gaining in fact any personal profit or
      advantage to which Indemnitee is not entitled; or 

    

    (b) For
      the
      return by Indemnitee of any remuneration paid to Indemnitee without the previous
      approval of the stockholders of the Company which is illegal; or 

    

    (c) For
      an
      accounting of profits in fact made from the purchase or sale by Indemnitee
      of
      securities of the Company within the meaning of Section 16 of the Securities
      Exchange Act of 1934, as amended, or similar provisions of any state law; or
      

    

    (d) Resulting
      from Indemnitee’s knowingly fraudulent, dishonest or willful misconduct; or

    

    (e) The
      payment of which by the Company under this Agreement is not permitted by
      applicable law. 

    

    1.09 “Expenses”
      shall include all reasonable attorneys fees, retainers, court costs, transcript
      costs, fees of experts, witness fees, travel expenses, duplicating costs,
      printing and binding costs, telephone charges, postage, delivery service fees,
      all costs of e-discovery, and all other disbursements or expenses of the types
      customarily incurred in connection with prosecuting, defending, preparing to
      prosecute or defend, investigating, or being or preparing to be a witness in
      a
      Proceeding, but shall not include Fines. 

    

    1.10 “Fines”
      mean any fine, penalty or, with respect to an employee benefit plan, any excise
      tax or penalty assessed with respect thereto. 

    

    1.11 “Good
      Faith” shall mean Indemnitee having acted in good faith and in a manner
      Indemnitee reasonably believed to be in or not opposed to the best interests
      of
      the Company and, with respect to any criminal Proceeding, having had no
      reasonable cause to believe Indemnitee’s conduct was unlawful. 

    

    1.12 “Independent
      Counsel” means a law firm, or a member of a law firm, that is experienced in
      matters of corporation law and neither presently is, nor in the past three
      years
      has been, retained to represent (i) the Company or Indemnitee in any matter
      material to either such party or (ii) any other party to the Proceeding giving
      rise to a claim for indemnification hereunder. Notwithstanding the foregoing
      the
      term “Independent Counsel” shall not include any person who, under the
      applicable standards of professional conduct then prevailing, would have a
      conflict of interest in representing either the Company or Indemnitee in an
      action to determine Indemnitee’s rights under this Agreement. 

    

    
      
         

      

      
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    1.13 “Loss”
      means any amount which Indemnitee is legally obligated to pay as a result of
      a
      claim or claims made against him or her for Covered Acts including, without
      limitation, damages and judgments and sums paid in settlement of a claim or
      claims, but shall not include Fines. 

    

    1.14 “Proceeding”
      includes any action, suit, arbitration, alternate dispute resolution mechanism,
      investigation, administrative hearing or any other actual threatened or
      completed proceeding whether civil, criminal, administrative or investigative,
      other than one initiated by Indemnitee. For purposes of the foregoing sentence,
      a “Proceeding” shall not be deemed to have been initiated by Indemnitee where
      Indemnitee seeks pursuant to Article IX of this Agreement to enforce
      Indemnitee’s rights under this Agreement relating thereto. 

    

    ARTICLE
      II

    SERVICES
      BY, AND CAPACITIES, OF INDEMNITEE 

    

    Indemnitee
      has agreed to serve as a director or officer of the Company or may serve in
      both
      of such capacities. The positions under which Indemnitee will render services
      to
      the Company shall be all those which are reflected in the meeting minutes of
      the
      Company’s stockholders or directors or both, as the case may be, and will
      include any and all services rendered in the capacity as a stockholder of the
      Company. Indemnitee may at any time and for any reason resign from such
      position(s), subject to any other contractual obligation or any obligation
      imposed by operation of law. 

    

    ARTICLE
      III

    D&O
      INSURANCE

    

    3.01 Description
      of D&O Insurance.
      Following the closing of the Company’s initial public offering of its
      securities, the Company shall use commercially reasonable efforts to establish
      and maintain one or more policies of directors’ and officers’ liability
      insurance. Indemnitee shall have the right to receive a copy or copies of all
      such policies upon reasonable request at any time. 

    

    3.02 Named
      Insured.
      In any
      policies of D&O Insurance which are maintained by the Company, Indemnitee
      shall be named as an insured in such a manner as to provide Indemnitee the
      same
      rights and benefits, subject to the same limitations, as are accorded to the
      Company’s directors and officers most favorably insured by such policy.

    

    3.03 No
      Obligation.
      Nothing
      herein shall impose upon the Company the obligation to maintain D&O
      Insurance if the Company determines in good faith that such insurance is not
      reasonably available, the premium costs for such insurance are disproportionate
      to the amount of coverage provided, or the coverage provided by such insurance
      is limited by exclusions so as to provide an insufficient benefit. 

    

    ARTICLE
      IV 

    INDEMNIFICATION
      

    

    4.01 Indemnification
      in General.
      The
      Company shall indemnify and hold Indemnitee harmless for any Losses, Expenses,
      judgments, penalties, Fines and amounts paid in settlement actually and
      reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
      such Proceeding or any claim, issue or matter therein, if Indemnitee acted
      in
      Good Faith. 

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    4.02 Excluded
      Coverage.
      The
      Company shall have no obligation to indemnify and hold Indemnitee harmless
      from
      any Losses or Expense which has been Determined to constitute an Excluded Claim.
      Notwithstanding the provisions of Section 4.01, no such indemnification shall
      be
      made in respect of any claim, issue or matter in such Proceeding as to which
      Indemnitee shall have been adjudged to be liable to the Company if applicable
      law prohibits such indemnification; provided, however, that, if applicable
      law
      so permits, indemnification shall nevertheless be made by the Company in such
      event if and only to the extent that the court in which such Proceeding shall
      have been brought or pending, shall Determine. 

    

    4.03 Indemnification
      of a Party Who Is Wholly or Partly Successful.
      Notwithstanding any other provision of this Agreement, to the extent that
      Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to and is
      successful, on the merits or otherwise, in any Proceeding, Indemnitee shall
      be
      indemnified to the maximum extent permitted by law, against all Losses,
      Expenses, judgments, penalties, Fines and amounts paid in settlement, actually
      and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection
      therewith. If Indemnitee is not wholly successful in such Proceeding but is
      successful, on the merits or otherwise, as to one or more but less than all
      claims, issues or matters in such Proceeding, the Company shall indemnify
      Indemnitee to the maximum extent permitted by law, against all Losses, Expenses,
      judgments, penalties, Fines and amounts paid in settlement, actually and
      reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with
      each successfully resolved claim, issue or matter. For purposes of this Section
      4.03 and without limitation, the termination of any claim, issue or matter
      in
      such a Proceeding by dismissal, with or without prejudice, shall be deemed
      to be
      a successful result as to such claim, issue or matter, so long as there has
      been
      no finding (either adjudicated or pursuant to Article VI) Indemnitee did not
      act
      in Good Faith. 

    

    4.04 Indemnification
      For Expenses of a Witness.
      Notwithstanding any other provision of this Agreement to the extent that
      Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness in a
      Proceeding, Indemnitee shall be indemnified against all Losses and Expenses
      actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in
      connection therewith. 

    

    ARTICLE
      V

    ADVANCEMENT
      OF EXPENSES

    

    Notwithstanding
      any provision to the contrary in Article VI, the Company shall advance all
      reasonable Expenses which, by reason of Indemnitee’s Corporate Status, are
      incurred by or on behalf of Indemnitee in connection with any Proceeding, within
      twenty (20) days after the receipt by the Company of a statement or statements
      from Indemnitee requesting such advance or advances, whether prior to or after
      final disposition of such Proceeding. Such statement or statements shall
      reasonably evidence the Expenses incurred by Indemnitee and shall include or
      be
      preceded or accompanied by an undertaking by or on behalf of Indemnitee to
      repay
      any Expenses if it shall ultimately be determined that Indemnitee is not
      entitled to be indemnified against such Expenses. Such statements may be
      redacted to the extent necessary to preserve attorney-client confidentiality,
      work product or other applicable privileges, if any. Any advance and
      undertakings to repay pursuant to this Article V shall be unsecured and interest
      free. 

    

    ARTICLE
      VI 

    PROCEDURES
      FOR DETERMINATION OF ENTITLEMENT 

    

    6.01 Initial
      Notice.
      Promptly after receipt by Indemnitee of notice of the commencement of or the
      threat of commencement of any Proceeding, Indemnitee shall, if indemnification
      with respect thereto may be sought from the Company under this Agreement, notify
      the Company of the commencement thereof. Indemnitee shall include therein or
      therewith such documentation and information as is reasonably available to
      Indemnitee and is reasonably necessary to determine whether and to what extent
      Indemnitee is entitled to indemnification. The Secretary of the Company shall
      promptly advise the Board in writing that Indemnitee has requested
      indemnification. 

     

    
      
         

      

      
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    6.02 D&O
      Insurance.
      If, at
      the time of the receipt of such notice, the Company has D&O Insurance in
      effect, the Company shall give prompt notice of the commencement of such
      Proceeding to the insurers in accordance with the procedures set forth in the
      respective policies in favor of Indemnitee. The Company shall thereafter take
      all necessary or desirable action to cause such insurers to pay, on behalf
      of
      Indemnitee, all Losses and Expenses payable as a result of such Proceeding
      in
      accordance with the terms of such policies. 

    

    6.03 Employment
      of Counsel.
      To the
      extent the Company does not, at the time of the commencement of or the threat
      of
      commencement of a Proceeding, have applicable D&O Insurance, or if a
      Determination is made that any Expenses arising out of such Proceeding will
      not
      be payable under the D&O Insurance then in effect, the Company shall be
      obligated to pay the Expenses of any such Proceeding in advance of the final
      disposition thereof as provided in Article V and the Company, if appropriate,
      shall be entitled to assume the defense of such Proceeding, with counsel
      satisfactory to Indemnitee, upon the delivery to Indemnitee of written notice
      of
      its election so to do. After delivery of such notice, the Company will not
      be
      liable to Indemnitee under this Agreement for any legal or other Expenses
      subsequently incurred by Indemnitee in connection with such defense other than
      reasonable Expenses of investigation provided that Indemnitee shall have the
      right to employ its own counsel in any such Proceeding but the fees and expenses
      of such counsel incurred after delivery of notice from the Company of its
      assumption of such defense shall be at Indemnitee’s expense and provided further
      that if (i) the employment of counsel by Indemnitee has been previously
      authorized by the Company, (ii) Indemnitee and counsel shall have reasonably
      concluded that there may be a conflict of interest between the Company and
      Indemnitee in the conduct of any such defense or (iii) the Company shall not,
      in
      fact, have employed counsel to assume the defense of such Proceeding, the fees
      and expenses of counsel shall be at the expense of the Company. 

    

    6.04 Payment.
      All
      payments on account of the Company’s indemnification obligations under this
      Agreement shall be made within sixty (60) days of Indemnitee’s written request
      there for unless a Determination is made that the claims giving rise to
      Indemnitee’s request are Excluded Claims or otherwise not payable under this
      Agreement or applicable law. 

    

    6.05 Reimbursement
      by Indemnitee.
      Indemnitee agrees that he or she will reimburse the Company for all Losses
      and
      Expenses paid by the Company in connection with any Proceeding against
      Indemnitee in the event and only to the extent that a Determination shall have
      been made by a court in a final adjudication from which there is no further
      right of appeal that Indemnitee is not entitled to be indemnified by the Company
      for such Expenses because the claim is an Excluded Claim or because Indemnitee
      is otherwise not entitled to payment under this Agreement. 

    

    6.06 Cooperation.
      Indemnitee shall cooperate with the person, persons or entity making the
      Determination with respect to Indemnitee’s entitlement to indemnification under
      this Agreement, including providing to such person, persons or entity upon
      reasonable advance request any documentation or information which is not
      privileged or otherwise protected from disclosure and which is reasonably
      available to Indemnitee and reasonably necessary to such Determination. Any
      costs or Expenses (including attorneys’ fees and disbursements) incurred by
      Indemnitee in so cooperating with the person, persons or entity making such
      Determination shall be borne by the Company (irrespective of the determination
      as to Indemnitee’s entitlement to indemnification) and the Company hereby
      indemnifies and agrees to hold Indemnitee harmless therefrom. 

    

    ARTICLE
      VII 

    SETTLEMENT
      

    

    The
      Company shall have no obligation to indemnify Indemnitee under this Agreement
      for any amounts paid in settlement of any Proceeding effected without the
      Company’s prior written consent. The Company shall not settle any claim in any
      manner which would impose any Fine or other obligation on Indemnitee without
      Indemnitee’s written consent. Neither the Company nor Indemnitee shall
      unreasonably withhold their consent to any proposed settlement. 

    

    
      
         

      

      
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    ARTICLE
      VIII 

    RIGHTS
      NOT EXCLUSIVE 

    

    The
      rights provided hereunder shall not be deemed exclusive of any other rights
      to
      which Indemnitee may be entitled under any bylaw, agreement, vote of
      stockholders or of Disinterested Directors or otherwise, both as to action
      in
      his official capacity and as to action in any other capacity by holding such
      office, and shall continue after Indemnitee ceases to serve the Corporation
      as a
      director or officer. 

    

    ARTICLE
      IX 

    ENFORCEMENT
      

    

    9.01 Burden
      of Proof.
      Indemnitee’s right to indemnification shall been enforceable by Indemnitee in
      any state court having jurisdiction of the matter and shall be enforceable
      notwithstanding any adverse Determination. In any such action, if a prior
      adverse Determination has been made, the burden of proving that indemnification
      is required under this Agreement shall be on Indemnitee. The Company shall
      have
      the burden of proving that indemnification is not required under this Agreement
      if no prior adverse Determination shall have been made. 

    

    9.02 Costs
      And Expenses.
      In the
      event that any action is instituted by Indemnitee under this Agreement, or
      to
      enforce or interpret any of the terms of this Agreement, Indemnitee shall be
      entitled to be paid all court costs and expenses, including reasonable counsel
      fees, incurred by Indemnitee with respect to such action, unless the court
      determines that each of the material assertions made by Indemnitee as a basis
      for such action were not made in Good Faith or were frivolous. 

    

    ARTICLE
      X 

    GENERAL
      PROVISIONS 

    

    10.01 Successors
      And Assigns.
      This
      Agreement shall be binding upon the Company and its successors and assigns
      and
      shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors,
      personal representatives and administrators. 

    

    10.02 No
      Duplicate Indemnity or Recovery.
      Notwithstanding any provisions to the contrary herein, this Agreement shall
      not
      be interpreted or construed in such a manner as to provide Indemnitee duplicate
      indemnities or recoveries to the extent Indemnitee is entitled (x) under
      applicable law, D&O policies or other contracts or agreements, to (y)
      indemnity or reimbursement of Losses, Expenses, judgments, penalties, Fines
      and
      amounts paid in settlement actually and reasonably incurred by Indemnitee or
      on
      Indemnitee’s behalf in connection with a Proceeding or any claim, issue or
      matter therein. 

    

    10.02 Severability.
      If any
      provision or provisions of this Agreement is determined by a court to be
      invalid, illegal or unenforceable for any reason whatsoever, such provision
      shall be limited or modified in its application to the minimum extent necessary
      to avoid a violation of law, and, as so limited or modified, such provision
      and
      the balance of this Agreement shall be enforceable in accordance with its
      terms.

    

    10.03 Identical
      Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      for
      all purposes be deemed to be an original but all of which together shall
      constitute one and the same Agreement. Only one such counterpart signed by
      the
      party against whom enforceability is sought needs to be produced to evidence
      the
      existence of this Agreement. 

    

    
      
         

      

      
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    10.04 Headings.
      The
      headings of the paragraphs of this Agreement are inserted for convenience only
      and shall not be deemed to constitute part of this Agreement or to affect the
      construction thereof. 

    

    10.05 Modification
      and Waiver.
      No
      supplement, modification or amendment of this Agreement shall be binding unless
      executed in writing by both of the parties hereto. No waiver of any of the
      provisions of this Agreement shall be deemed or shall constitute a waiver of
      any
      other provisions hereof (whether or not similar) nor shall such waiver
      constitute a continuing waiver. 

    

    10.06 Notices.
      All
      notices, requests, demands and other communications hereunder shall be in
      writing and shall be deemed to have been duly given if (i) delivered by hand
      and
      receipted for by the party to whom said notice or other communication shall
      have
      been directed, or (ii) mailed by certified or registered mail with postage
      prepaid, on the third business day after the date on which it is so mailed.
      

    

      
        	 	
                If
                  to Indemnitee to:

              	
                As
                  shown with Indemnitee’s signature below

              
	 	 	 
	 	
                If
                  to the Company to:

              	
                Renewable
                  Energy Acquisition Corp.

              
	 	 	
                7078
                  East Fish Lake Road, Suite 800

              
	 	 	
                Minneapolis,
                  Minnesota 55311

              

      

    

    

    
      	 	 	 
	 	
               

            	 
	 	 
	 	
               

            	
              Boulder
                Specialty Brands, Inc. 

              6106
                Sunrise Ranch Drive 

              Longmont,
                Colorado 80503

            
	 	 
	
              With
                a copy to:

            	
               

            	
              Robert
                W. Walter, Esq.

            

    

    

    or
      to
      such other address as may have been furnished to Indemnitee by the Company
      or to
      the Company by Indemnitee, as the case may be. 

    

    10.07 Governing
      Law.
      The
      parties agree that this Agreement shall be governed by, and construed and
      enforced in accordance with, the laws of the State of Nevada without application
      of the conflict of laws principles thereof. 

    

    10.08 Consent
      to Jurisdiction.
      The
      Company and Indemnitee each hereby irrevocably consent to the jurisdiction
      of
      the courts of the States of Nevada and Minnesota for all purposes in connection
      with any Proceeding which arises out of or relates to this Agreement, and agree
      that any action instituted under this Agreement shall be brought only in the
      state courts of the States of Nevada and Minnesota. 

    

    10.09 Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding between the parties
      hereto in reference to all the matters herein agreed upon. This Agreement
      replaces in full all prior indemnification agreements or understandings of
      the
      parties hereto, and any and all such prior agreements or understandings are
      hereby rescinded by mutual agreement. 

    

    
      
         

      

      
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    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement on the day
      and
      year first above written. 

    

    RENEWABLE
      ENERGY ACQUISITION CORP.

    

    

    

    By:       

    Name: ____________________________

    Title:
            

    

    INDEMNITEE:

     

    
_____________________________

    

    
      
         

      

      
        8Unassociated Document

    STOCK
      ESCROW AGREEMENT 

    

    This
      STOCK
      ESCROW AGREEMENT
      (this
“Agreement”) is made as of _________________, 2008, by and among Renewable
      Energy Acquisition Corp. (the “Company”),
      a
      Nevada corporation, the undersigned parties listed under Investors on the
      signature page hereto (each, an “Initial
      Stockholder”
      and
      collectively, the “Initial
      Stockholders”)
      and
      Interwest Transfer Company, Inc. (the “Escrow
      Agent”),
      a
      Utah corporation. 

    

    WHEREAS,
      the
      Company has entered into an Underwriting Agreement, dated ________________,
      2008
      (“Underwriting
      Agreement”),
      with
      Crusader Securities, Inc., acting as the underwriter (the “Underwriter”),
      pursuant to which, among other matters, the Underwriter has agreed to offer
      on a
      best efforts basis 2,000,000 units (“Units”)
      of the
      Company. Each Unit consists of one share of the Company’s common stock, par
      value $0.001 per share (“Common
      Stock”),
      and two
      warrants (“Warrant”),
      each
      Warrant to purchase one share of Common Stock, all as more fully described
      in
      the Company’s final Prospectus, dated ________________, 2008 (“Prospectus”)
      comprising part of the Company’s Registration Statement on Form SB-2 (File No.
      333-____________) under the Securities Act of 1933, as amended (“Registration
      Statement”),
      declared effective on _________________, 2008 (“Effective
      Date”);
      and

    

    WHEREAS,
      the
      Initial Stockholders have agreed as a condition of the sale of the Units to
      deposit their shares of Common Stock of the Company, as set forth opposite
      their
      respective names in Exhibit A attached hereto (collectively “Escrow
      Shares”),
      in
      escrow as hereinafter provided; and 

    

    WHEREAS,
      the
      Company and the Initial Stockholders desire that the Escrow Agent accept the
      Escrow Shares, in escrow, to be held and disbursed as hereinafter provided;
      and

    

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

    

    1. Appointment
      of Escrow Agent.
      The
      Company and the Initial Stockholders hereby appoint the Escrow Agent to act
      in
      accordance with and subject to the terms of this Agreement and the Escrow Agent
      hereby accepts such appointment and agrees to act in accordance with and subject
      to such terms. 

    

    2. Deposit
      of Escrow Shares.
      On or
      before the Effective Date, each of the Initial Stockholders shall deliver to
      the
      Escrow Agent certificates (duly endorsed or with stock powers attached, in
      either case Medallion guaranteed) representing his, her or its respective Escrow
      Shares to be held and disbursed subject to the terms and conditions of this
      Agreement. Each Initial Stockholder acknowledges that the certificate
      representing his, her or its Escrow Shares is legended to reflect the deposit
      of
      such Escrow Shares under this Agreement. 

    

    3. Disbursement
      of the Escrow Shares.
      

    

    3.1 Each
      of
      the Initial Stockholders has agreed, and does agree, with the Company that,
      if
      less than 2,000,000 Units are sold under the Prospectus, each will surrender
      to
      the Company for cancellation, without consideration, that number of shares
      of
      Common Stock equal to the product of the number of the Initial Stockholder’s
      Escrow Shares held by the Escrow Agent by a fraction, the numerator of which
      is
      the number of Units sold in the offering under the Prospectus and the
      denominator of which is 2,000,000. For example, if the number of Escrow Shares
      for an Initial Stockholder is 125,000 and 1,000,000 Units are sold in the
      offering, the Initial Stockholder will surrender to the Company for cancellation
      62,500 shares of Common Stock [125,000x(1,000,000/2,000,000)] and the remaining
      62,500 shares of Common Stock owned by the Initial Stockholder will remain
      in
      escrow with the Escrow Agent. Within two business days following the final
      closing of the offering of Units described in the Prospectus and provided less
      than 2,000,000 Units are sold in the offering, the Company will send a written
      notice to the Escrow Agent in the form attached hereto as Exhibit A (the
“Cancellation
      Notice”),
      which
      states the number of Units sold in the offering and the number of Escrow Shares
      of each Initial Stockholder to be returned to the Company and cancelled pursuant
      to this Section 3.1. Each of the Initial Stockholders ratifies and approves
      any
      Cancellation Notice given by the Company to the Escrow Agent and authorizes
      and
      directs the Escrow Agent to act in reliance on the Cancellation Notice signed
      solely by an officer of the Company and deliver the number of Escrowed Shares
      to
      be cancelled pursuant to such Cancellation Notice to the Company/, and further
      authorizes and directs the Escrow Agent, acting in its capacity as transfer
      agent of the Company, to cancel the shares of Common Stock so surrendered on
      the
      books and records of the Company. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.2 The
      Escrow Agent shall release from escrow the Escrow Shares remaining in escrow
      after any cancellation contemplated by Section 3.1 to the Initial Stockholders
      on the earlier of (i) the date the Company consummates a merger, stock exchange,
      asset acquisition or other similar business combination (“Business
      Combination”)
      (as
      described more fully in the Company’s Registration Statement), (ii) the
      liquidation of the Company, and (iii) the date that is three years following
      the
      date of the Prospectus. The Escrow Agent shall have no further duties hereunder
      after the final disbursement of the Escrow Shares in accordance with this
      Section 3.2. 

    

    4. Rights
      of Initial Stockholders in Escrow Shares.
      

    

    4.1. Voting
      Rights as a Stockholder.
      Subject
      to the terms of the Insider Letter described in Section 4.4 hereof and except
      as
      herein provided, the Initial Stockholders shall retain all of their rights
      as
      stockholders of the Company during any period in which Escrow Shares are held
      in
      escrow, including, without limitation, the right to vote such shares.

    

    4.2. Dividends
      and Other Distributions in Respect of the Escrow Shares.
      During
      any period in which Escrow Shares are held in escrow, all dividends payable
      in
      cash with respect to the Escrow Shares shall be paid to the Initial
      Stockholders, but all dividends payable in stock or other non-cash property
      (“Non-Cash
      Dividends”)
      shall
      be delivered to the Escrow Agent to hold in accordance with the terms hereof.
      As
      used herein, the term “Escrow
      Shares”
      shall be
      deemed to include the Non-Cash Dividends distributed thereon, if any.

    

    4.3. Restrictions
      on Transfer.
      In
      order to induce the Underwriter to enter into the Underwriting Agreement, the
      Initial Stockholders will not 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 Initial Stockholders or any affiliate of the Initial
      Stockholders or any person in privity with the Initial Stockholders or any
      affiliate of the Initial Stockholders), directly or indirectly, including the
      filing (or participation in the filing) of a registration statement with the
      Securities and Exchange Commission (the “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, and the rules and regulations
      of
      the Commission promulgated thereunder with respect to, any Escrow Shares, or
      publicly announce an intention to effect any such transaction, during the period
      in which such Escrow Shares are held in escrow, provided that the foregoing
      sentence shall not apply to (a) any Escrow Shares disposed of as bona fide
      gifts, (b) any gifting of Escrow Shares to family members or family trusts,
      (c)
      any transfer for estate planning purposes of Escrow Shares to persons
      immediately related to such transferor by blood, marriage or adoption, or 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, 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 Agreement and of the
      corresponding Insider Letter signed by the Initial Stockholder transferring
      such
      Escrow Shares. During the period in which Escrow Shares are held in escrow,
      the
      Initial Stockholders shall not pledge or grant a security interest in such
      Escrow Shares or grant a security interest in their rights under this Agreement.
      

    

    5. Concerning
      the Escrow Agent.
      

    

    5.1. Good
      Faith Reliance.
      The
      Escrow Agent shall not be liable for any action taken or omitted by it in good
      faith and in the exercise of its own best judgment, and may rely conclusively
      and shall be protected in acting upon any order, notice, demand, certificate,
      opinion, 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 Escrow Agent to be genuine and to be signed or
      presented by the proper person or persons. The Escrow Agent shall not be bound
      by any notice or demand, or any waiver, modification, termination or rescission
      of this Agreement unless evidenced by a writing delivered to the Escrow Agent
      signed by the proper party or parties and, if the duties or rights of the Escrow
      Agent are affected, unless it shall have given its prior written consent
      thereto. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5.2. Indemnification.
      The
      Escrow Agent and each of its officers, directors, employees, agents, and
      attorneys shall be indemnified and held harmless by the Company from and against
      any expenses, including counsel fees and disbursements, or loss suffered by
      the
      Escrow Agent in connection with any action, suit or other proceeding involving
      any claim which in any way, directly or indirectly, arises out of or relates
      to
      this Agreement, the services of the Escrow Agent hereunder, or the Escrow Shares
      held by it hereunder, other than expenses or losses arising from the gross
      negligence or willful misconduct of the Escrow Agent. Promptly after the receipt
      by the Escrow Agent of notice of any demand or claim or the commencement of
      any
      action, suit or proceeding, the Escrow Agent shall notify the other parties
      hereto in writing. In the event of the receipt of such notice, the Escrow Agent,
      in its sole discretion, may commence an action in the nature of interpleader
      in
      an appropriate court to determine ownership or disposition of the Escrow Shares
      or it may deposit the Escrow Shares with the clerk of any appropriate court
      or
      it may retain the Escrow Shares pending receipt of a final, non-appealable
      order
      of a court having jurisdiction over all of the parties hereto directing to
      whom
      and under what circumstances the Escrow Shares are to be disbursed and
      delivered. The provisions of this Section 5.2 shall survive in the event the
      Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below.
      

    

    5.3. Compensation.
      The
      Escrow Agent shall be entitled to reasonable compensation from the Company
      for
      all services rendered by it hereunder. The Escrow Agent shall also be entitled
      to reimbursement from the Company for all expenses paid or incurred by it in
      the
      administration of its duties hereunder including, but not limited to, all
      counsel, advisors’ and agents’ fees and disbursements and all taxes or other
      governmental charges. 

    

    5.4. Further
      Assurances.
      From
      time to time on and after the date hereof, the Company and the Initial
      Stockholders shall deliver or cause to be delivered to the Escrow Agent such
      further documents and instruments and shall do or cause to be done such further
      acts as the Escrow Agent shall reasonably request to carry out more effectively
      the provisions and purposes of this Agreement, to evidence compliance herewith
      or to assure itself that it is protected in acting hereunder. 

    

    5.5. Resignation.
      The
      Escrow Agent may resign at any time and be discharged from its duties as escrow
      agent hereunder by its giving the other parties hereto written notice and such
      resignation shall become effective as hereinafter provided. Such resignation
      shall become effective at such time that the Escrow Agent shall turn over to
      a
      successor escrow agent appointed by the Company, the Escrow Shares held
      hereunder. If no new escrow agent is so appointed within the 30 day period
      following the giving of such notice of resignation, the Escrow Agent may deposit
      the Escrow Shares with any appropriate court it reasonably deems appropriate.
      

    

    5.6. Discharge
      of Escrow Agent.
      The
      Escrow Agent shall resign and be discharged from its duties as escrow agent
      hereunder if so requested in writing at any time by the Company and a majority
      of the Initial Stockholders, jointly; provided, however, that such resignation
      shall become effective only upon acceptance of appointment by a successor escrow
      agent as provided in Section 5.5. 

    

    5.7. Other
      Matters.
      The
      parties hereto agree that the duties and obligations of the Escrow Agent are
      only such as are herein specifically provided and no other. The Escrow Agent’s
      duties are as a depositary only, and the Escrow Agent shall incur no liability
      whatsoever, except as a direct result of its own gross negligence or willful
      misconduct. The Escrow Agent may consult with counsel of its choice, and shall
      not be liable for any action taken, suffered or omitted by it in accordance
      with
      the advice of such counsel. In the event that the Escrow Agent shall be
      uncertain as to its duties or rights hereunder or shall receive instructions,
      claims or demands which, in its opinion, are in conflict with any of the
      provisions of this Agreement, it shall be entitled to refrain from taking any
      action, other than to keep safely, the Escrow Securities until it shall jointly
      be directed otherwise in writing by the Initial Stockholders and the Company
      or
      by a final judgment of a court of competent jurisdiction. The Escrow Agent
      shall
      not be required to institute legal proceedings of any kind and shall not be
      required to defend any legal proceedings which may be instituted against it
      or
      in respect of the Escrow Securities. The Escrow Agent may consult with counsel
      of its choice, and shall not be liable for any action taken, suffered or omitted
      by it in accordance with the advice of such counsel.

    

    6. Miscellaneous.
      

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    6.1. Governing
      Law.
      The
      validity, interpretation, and performance of this Agreement shall be governed
      in
      all respects by the laws of the State of Utah, without giving effect to any
      choice or conflict of law, provision or rule (whether of the State of Utah
      or
      any other jurisdiction that would cause the application of the laws of any
      jurisdiction other than the State of Utah). The Company hereby agrees that
      any
      action, proceeding or claim against it arising out of or relating in any way
      to
      this Agreement shall be brought and enforced in the courts of the State of
      Utah
      or the United States District Court for the District of Utah, and irrevocably
      submits to such jurisdiction, which jurisdiction shall be exclusive. The Company
      and each of the Initial Stockholders hereby waives any objection to such
      exclusive jurisdiction and that such courts represent an inconvenience forum.
      Any such process or summons to be served upon the Company may be served by
      transmitting a copy thereof by registered or certified mail, return receipt
      requested, postage prepaid, addressed to it at the address set forth in Section
      6.6 hereof. Such mailing shall be deemed personal service and shall be legal
      and
      binding upon the Company in any action, proceeding or claim. 

    

    6.2. Third
      Party Beneficiaries.
      Each of
      the Initial Stockholders hereby acknowledges that the Underwriter is a third
      party beneficiary of this Agreement and this Agreement may not be modified
      or
      changed without the prior written consent of the Underwriter. 

    

    6.3. Entire
      Agreement.
      The
      Escrow Agent shall not be bound in any way by the terms of any other agreement
      to which the Initial Stockholders and the Company are parties, whether or not
      it
      has knowledge thereof, and the Escrow Agent shall not in any way be required
      to
      determine whether or not any other agreement has been complied with by the
      Initial Stockholders or the Company, or any other party thereto. This
      Agreement contains the entire agreement of the parties hereto with respect
      to
      the subject matter hereof and, except as expressly provided herein, may not
      be
      changed or modified except by an instrument in writing signed by all the parties
      hereto. 

    

    6.4. Headings.
      The
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation thereof. 

    

    6.5. Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the respective
      parties hereto and their legal representatives, successors and assigns.

    

    6.6. Notices.
      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
      Escrow Agent, to: 

    

    Interwest
      Transfer Company. Inc.

    1981
      East
      4800 South, Suite 100

    P.O.
      Box
      17136

    Holladay,
      UT 84117

    Fax:
      (801) 277-3147

    

    If
      to the
      Company, to: 

    

    Renewable
      Energy Acquisition Corp.

    7078
      East
      Fish Lake Road, Suite 800

    Minneapolis,
      Minnesota 55311

    Fax:
      (952) 546-2529

     

    In
      either
      case with a copy to: 

    

    Crusader
      Securities, Inc.

    230
      Park
      Avenue, Suite 1000

    New
      York,
      NY 10169

    Fax:
      ________________

        

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    The
      parties may change the persons and addresses to which the notices or other
      communications are to be sent by giving written notice to any such change in
      the
      manner provided herein for giving notice. 

    

    6.7. Liquidation
      of Company.
      The
      Company shall give the Escrow Agent written notification of the liquidation
      and
      dissolution of the Company in the event that the Company fails to consummate
      a
      Business Combination within the time period(s) specified in the Prospectus.
      

    

    [signature
      page follows] 

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties have duly executed this Stock Escrow Agreement as of the date first
      written above. 

    
      	 	 	 
	
              INTERWEST
                TRANSFER COMPANY, INC.

            
	 	 
	 	 
	
              By:

            	
               

            	
               

              
                
                  

                

              

              Name:

            
	 	 	
              Title:

            

    

    

    
      	 	 	 
	
              RENEWABLE
                ENERGY ACQUISITION CORP.

            
	 	 
	 	 
	
              By:

            	
               

            	
               

               

              
                

              

              Name:
                Craig S. Laughlin

            
	 	 	
              Title:
                Chief Executive Officer

            
	 	 	 
	 
	
              INITIAL
                STOCKHOLDERS:

            
	 
	 
	
              

              Craig
                S. Laughlin

            
	
            
	 
	 
	
              

              Larry
                Hopfenspirger

            
	 
	 
	 
	
              

              Zenghua
                Ye

            

    

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A 

    

    CANCELLATION
      NOTICE

     

    Interwest
      Transfer Company. Inc.

    1981
      East
      4800 South, Suite 100

    P.O.
      Box
      17136

    Holladay,
      UT 84117

    

    
      	
            	Re:	
              Renewable
                Energy Acquisition Corp.

            

      	 	 	
              Cancellation
                of Certain Escrow Shares

            

      
      

    

    Ladies
      and Gentlemen:

    

    This
      Cancellation Notice is given under Section 3.1 of the Stock Escrow Agreement
      dated ____________, 2007 (the “Escrow Agreement”), by and between you as Escrow
      Agent, Renewable Energy Acquisition Corp. (the “Company”), and Craig S.
      Laughlin, Larry
      Hopfenspirger, and Zenghua
      Ye (the “Initial Stockholders”). Capitalized terms used herein and not otherwise
      defined shall have the meaning ascribed to such terms in the Escrow Agreement.
      

    

    The
      offering of Units described in the Prospectus was closed on
      __________________________, 2008. The total number of Units sold in the offering
      is __________________________.

    

    Pursuant
      to Section 3.1 of the Escrow Agreement, you are, upon receipt of this notice,
      authorized and directed by the Company and each of the Initial Stockholders
      to
      deliver to the Company and, in your capacity as transfer agent of the Company,
      cancel on the books and records of the Company the following number of Escrow
      Shares of each of the Initial Stockholders:

    

      
        	
                Craig
                  S. Laughlin

              	
                125,000x(_______________

              	
                ÷2,000,000)
                  = _______________

              	
                cancelled
                  shares

              
	 	 	 	 
	
                Larry
                  Hopfenspirger

              	
                125,000x(_______________

              	
                ÷2,000,000)
                  = _______________

              	
                cancelled
                  shares

              
	 	 	 	 
	
                Zenghua
                  Ye

              	
                125,000x(_______________

              	
                ÷2,000,000)
                  = _______________

              	
                cancelled
                  shares

              

      

    

     

    Please
      return the shares so cancelled to the status of authorized and unissued
      shares.

    

    Renewable
      Energy Acquisition Corp.

     

     

    Craig
      S.
      Laughlin, Chief Executive Officer

     

    
      
        
        

      

      
        7

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