Document:

REGISTRATION
      RIGHTS AGREEMENT

     

    REGISTRATION
      RIGHTS AGREEMENT
      (this
      "Agreement"),
      dated
      as of April 3, 2007, by and among Comanche Clean Energy Corporation, a Cayman
      Islands corporation (the "Company"),
      and
      the undersigned Buyers (as defined below).

     

    WHEREAS:

     

    A. In
      connection with the Securities Purchase Agreement (Notes and Warrants), dated
      as
      of March 30, 2007 by and among the Company and each of the parties signatory
      thereto (the "Note
      Purchase Agreement"),
      the
      Company has agreed, upon the terms and subject to the conditions set forth
      in
      the Note Purchase Agreement, to issue and sell to each Buyer (i) senior secured
      convertible notes of the Company (the "Notes"),
      which
      will, among other things, be convertible into Ordinary Shares, par value $.001
      per share, of the Company (the "Shares"
      and the
      Shares issuable upon conversion of the Notes, the "Conversion
      Shares")
      in
      accordance with the terms of the Notes, and (ii) warrants (the "Note
      Warrants"),
      which
      will be exercisable to purchase Shares (the Shares issuable upon exercise of
      the
      Note Warrants, the "Note
      Warrant Shares")
      in
      accordance with the terms of the Note Warrants.
      

     

    B.
       In
      connection with the Securities Purchase Agreement (Shares and Warrants), dated
      as of March 30, 2007 by and among the Company and each of the parties signatory
      thereto (the “Share
      Buyers”,
      and
      collectively with the Note Buyers, the “Buyers”)
      (the
      "Share
      Purchase Agreement",
      and
      together with the Note Purchase Agreement, the “Securities
      Purchase Agreements”),
      the
      Company has agreed, upon the terms and subject to the conditions set forth
      in
      the Share Purchase Agreement, to issue and sell to each Share Buyer (i) Shares
      (the "PIPE
      Shares"),
      and
      (ii) warrants (the "PIPE
      Warrants",
      together with the Note Warrants, the “Warrants”),
      which
      will be exercisable to purchase Shares (the Shares issuable upon exercise of
      the
      PIPE Warrants, the "PIPE Warrant
      Shares"
      and
      together with Note Warrant Shares, the “Warrant
      Shares”)
      in
      accordance with the terms of the PIPE Warrants.

     

    C. In
      order
      to induce the Note Buyers to purchase the Notes and the Note Warrants pursuant
      to the Note Purchase Agreement, and the Share Buyers to purchase the PIPE Shares
      and the PIPE Warrants pursuant to the Share Purchase Agreement, the Company
      has
      agreed to provide certain registration rights under the Securities Act of 1933,
      as amended, and the rules and regulations thereunder, or any similar successor
      statute (collectively, the "1933
      Act"
      or the
“Securities
      Act”),
      and
      applicable state securities laws.

     

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants contained herein and
      other good and valuable consideration, the receipt and sufficiency of which
      are
      hereby acknowledged, the Company and each of the Buyers hereby agree as
      follows:

     

    1. Definitions.
      

     

    Capitalized
      terms used herein and not otherwise defined herein shall have the respective
      meanings set forth in the Securities Purchase Agreements, as applicable. As
      used
      in this Agreement, the following terms shall have the following
      meanings:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    a. "Business
      Day"
      means
      any day other than Saturday, Sunday or any other day on which commercial banks
      in the City of New York are authorized or required by law to remain
      closed.

     

    b. "Closing
      Date"
      shall
      have the meaning set forth in the Securities Purchase Agreements.

     

    c. "Effective
      Date"
      means
      the date a Registration Statement has been declared effective by the
      SEC.

     

    d. "Effectiveness
      Deadline"
      means,
      subject to Section 2(e) hereof with respect to Subsequent Registration
      Statements, the date that is the earliest of (i) 120 days after the Closing
      Date
      (if the Registration Statement is not reviewed by the SEC), (ii) 150 days after
      the Closing Date if the Registration Statement is reviewed by the SEC, or (iii)
      the
      date
      which is within three (3) Business Days after the date on which the SEC informs
      the Company (A) that the SEC will not review the Registration Statement or
      (B) that
      the
      Company may request the acceleration of the effectiveness of the Registration
      Statement and the Company makes such request; provided that,
      if the
      Effectiveness Deadline falls on a Saturday,
      Sunday or any other day which shall be a legal holiday or a day on which the
      SEC
      is authorized or required by law or other government actions to close, the
      Effectiveness Deadline shall be the following Business Day.

     

    e. "Eligible
      Market"
      means
      the Initial Principal Market, The New York Stock Exchange, Inc., the American
      Stock Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market or
      The
      NASDAQ Capital Market.

     

    f. "Filing
      Deadline"
      means,
      subject to Section 2(e) hereof with respect to Subsequent Registration
      Statements, the date that is 30 days after the Closing Date; provided that,
      if the
      Filing Deadline falls on a Saturday,
      Sunday or any other day which shall be a legal holiday or a day on which the
      SEC
      is authorized or required by law or other government actions to close, the
      Filing Deadline shall be the following Business Day.

     

    g. "Investor"
      means a
      Buyer or any permitted transferee or assignee thereof to whom a Buyer assigns
      its rights under this Agreement and who agrees to become bound by the provisions
      of this Agreement in accordance with Section 9 and any transferee or assignee
      thereof to whom a permitted transferee or assignee assigns its rights under
      this
      Agreement and who agrees to become bound by the provisions of this Agreement
      in
      accordance with Section 9.

     

    h. "Person"
      means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof.

     

    i. "Principal
      Market"
      means,
      from time to time, the Eligible Market upon which the Shares are admitted or
      listed and principally trade.

     

    j. "register,"
      "registered,"
      and
      "registration"
      refer
      to a registration effected by preparing and filing one or more Registration
      Statements (as defined below) in compliance with the 1933 Act and pursuant
      to
      Rule 415 and the declaration or ordering of effectiveness of such Registration
      Statement(s) by the SEC.

     

    
      
        
        

      

      
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    k. "Registrable
      Securities"
      means
      (i) the Warrant Shares, (ii) the Conversion Shares, (iii) the PIPE
      Shares, and (iv) any shares of capital stock of the Company issued or issuable
      in respect of the Warrant Shares, Conversion Shares and the PIPE Shares as
      a
      result of any stock split, stock dividend, recapitalization, exchange, merger,
      consolidation or other reorganization or similar event or otherwise, without
      regard to any limitations on conversions of the Notes or exercises of the
      Warrants. Notwithstanding the foregoing, if prior to the filing of a
      Registration Statement the shareholders of the Company consummate a share
      exchange transaction pursuant to which the PIPE Shares, the Notes and the
      Warrants are exchanged for equivalent securities of a British Virgin Islands
      corporation with a class of its equity securities registered under the
      Securities Exchange Act of 1934 (the “Shell”), then Registrable Securities shall
      mean the common equity securities of the Shell issued in such exchange as well
      as the common equity securities of the Shell issuable upon conversion of the
      promissory notes of the Shell issued in exchange for the Notes and the common
      equity securities of the Shell issued upon exercise of the warrants to purchase
      common equity securities of the Shell which are issued in exchange for the
      Warrants.

     

    l. "Registration
      Statement"
      means a
      registration statement of the Company filed under the 1933 Act covering the
      Registrable Securities, including the initial Registration Statement and any
      Subsequent Registration Statements.

     

    m. "Required
      Holders"
      means
      the holders of at least a majority of the Registrable Securities);”

     

    n. "Required
      Registration Amount"
      for the
      Registration Statement means that number of Shares equal to 125% of the sum
      of
      (x) the aggregate of the maximum number of Conversion Shares issued and issuable
      pursuant to the Notes at the then applicable Conversion Price as of the Trading
      Day immediately preceding the applicable date of determination, (y) the number
      of Warrant Shares issued and issuable pursuant to the Warrants as of the Trading
      Day immediately preceding the date the Registration Statement is initially
      filed
      with the SEC, each subject to adjustment as provided in Sections 2(c) and 2(d)
      (without regard to any limitations on conversion of the Notes or exercise of
      the
      Warrants), and (z) the PIPE Shares.

     

    o. "Rule
      415"
      means
      Rule 415 promulgated under the 1933 Act or any successor rule providing for
      offering securities on a continuous or delayed basis.

     

    p. “Securities”
means
      collectively the Notes, PIPE Shares and the Warrants.

     

    q. "SEC"
      means
      the United States Securities and Exchange Commission.

     

    r. "Subsequent
      Registration Statement"
      shall
      mean, any registration statement of the Company which covers those Registrable
      Securities requested to be included therein pursuant to the provisions of
      Section 2(e) of this Agreement and all amendments and supplements to such
      registration statement, including post-effective amendments, in each case
      including the prospectus contained therein, all exhibits thereto and all
      material incorporated by reference (or deemed to be incorporated by reference)
      therein.

     

    
      
        
        

      

      
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    s. "Trading
      Day"
      means
      any day on which the Share is traded on the Principal Market, or, if the
      Principal Market is not the principal trading market for the Shares, then on
      the
      Eligible Market which is the principal securities exchange or securities market
      on which the Shares are then traded; provided that "Trading Day" shall not
      include any day on which the Shares are scheduled to trade on such exchange
      or
      market for less than 4.5 hours or any day that the Shares are suspended from
      trading during the final hour of trading on such exchange or market (or if
      such
      exchange or market does not designate in advance the closing time of trading
      on
      such exchange or market, then during the hour ending at 4:00:00 p.m., New York
      Time).

     

    2. Registration.

     

    Mandatory
      Registration.
      The
      Company shall prepare, and, as soon as practicable, but in no event later than
      the Filing Deadline, file with the SEC, a Registration Statement on Form F-3
      covering the resale of all of the Registrable Securities. In the event that
      Form
      F-3 is unavailable for such a registration, the Company shall (i) use such
      other
      form as is available for such a registration on another appropriate form
      reasonably acceptable to the Required Holders and (ii) undertake to register
      the
      Registrable Securities on Form F-3 as soon as such form is available, provided
      that the Company shall maintain the effectiveness of the Registration Statement
      then in effect until such time as a Registration Statement on Form F-3 covering
      the Registrable Securities has been declared effective by the SEC.

     

    a. The
      Registration Statement prepared pursuant hereto shall register for resale at
      least the number of Shares equal to the Required Registration Amount as of
      the
      Trading Day immediately preceding the date the Registration Statement is
      initially filed with the SEC. The Registration Statement shall contain (except
      if otherwise directed by the Required Holders) the "Selling
      Stockholders"
      and
      "Plan
      of Distribution"
      sections in substantially the form attached hereto as Exhibit
      B;
      provided,
      however,
      that
      each of the "Selling Stockholders" and "Plan of Distribution" sections shall
      be
      amended as necessary to comply with then applicable securities law and
      regulation. The Company shall use its best efforts to have the Registration
      Statement declared effective by the SEC as soon as practicable, but in no event
      later than the Effectiveness Deadline. By 9:30 a.m. on the second Business
      Day
      following the Effective Date, the Company shall file with the SEC in accordance
      with Rule 424 under the 1933 Act the final prospectus to be used in connection
      with sales pursuant to such Registration Statement.

     

    b. Allocation
      of Registrable Securities.
      The
      initial number of Registrable Securities included in any Registration Statement
      and any increase in the number of Registrable Securities included therein shall
      be allocated pro rata among the Investors based on the number of Registrable
      Securities held by each Investor at the time the Registration Statement covering
      such initial number of Registrable Securities or increase thereof is declared
      effective by the SEC. In the event that an Investor sells or otherwise transfers
      any of such Investor's Registrable Securities, each transferee shall be
      allocated a pro rata portion of the then remaining number of Registrable
      Securities included in such Registration Statement for such transferor. In
      no
      event shall the Company include in any Registration Statement without the prior
      written consent of the Required Holders any securities other than the
      Registrable Securities (provided,
      however,
      that
      such limit shall be increased to reflect the effect of any stock split and
      decreased to reflect the effect of any reverse stock split). 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    c. [intentionally
      omitted.]

     

    d. Mandated
      Reduction of Securities Registered.
      

     

    (a) If,
      for
      any reason, the SEC requires that the number of Registrable Securities to be
      registered for resale pursuant to any Registration Statement be reduced, such
      reduction shall be accomplished as follows:

     

    First,
      125% of the number of Shares issuable upon the exercise of Note Warrants and
      the
      PIPE Warrants included in such Registration Statement shall be reduced (such
      reduction allocated pro rata among the holders thereof) until the reduction
      required by the SEC is effected.

     

    Second,
      if the exclusion of the number of Shares pursuant to the paragraph immediately
      above in this Section 2(d) is insufficient to meet the reduction required by
      the
      SEC, then up to the sum of 125% of (i) the Conversion Shares calculated based
      on
      the Conversion Price (as defined in the Notes) as of the date of such reduction
      and (ii) the PIPE Shares included in such Registration Statement shall be
      reduced (such reduction allocated pro rata among the holders thereof) until
      the
      reduction required by the SEC is effected. 

     

    (b) If,
      for
      any reason, the SEC requires that the number of Shares to be registered for
      resale pursuant to any Subsequent Registration Statement be reduced, such
      reduction shall be allocated pro rata among the Investors whose Shares have
      been
      included in such Subsequent Registration Statement until the reduction required
      by the SEC is effected.

     

    e. Subesequent
      Registrations.
      In
      the
      event the SEC does not permit the Company to register all of the Registrable
      Securities in the initial Registration Statement, the Company shall use its
      best
      efforts to file subsequent Registration Statements (each, a “Subsequent
      Registration Statement”)
      to
      register the Registrable Securities that were not registered in the initial
      Registration Statement as promptly as possible and in a manner permitted by
      the
      SEC. For purposes of this Section 2(e), “Filing
      Deadline”
      means
      with respect to each Subsequent Registration Statement filed pursuant hereto,
      the
      later
      of (i) the date when 75% of the Registrable Securities that were included in
      the
      initial Registration Statement (or any subsequent Registration Statement) have
      been sold and (ii) six (6) months following the Effective Date of the initial
      Registration Statement or any Subsequent Registration Statement, as applicable,
      or such earlier date as permitted by the SEC; provided that,
      if the
      Filing Deadline falls on a Saturday, Sunday or any other day which shall be
      a
      legal holiday or a day on which the SEC is authorized or required by law or
      other government actions to close, the Filing Deadline shall be the following
      Business Day.
      For
      purposes of this Section 2(e), “Effectiveness
      Deadline”
means
      with respect to each Subsequent Registration Statement filed pursuant hereto,
      the earlier of (A) the ninetieth (90th)
      day
      following the filing date of such Registration Statement (or in the event such
      Registration Statement is reviewed by the SEC, the one hundred twentieth
      (120th)
      day
      following such filing date) or (B) the date which is within three (3) Business
      Days after the date on which the SEC informs the Company (i) that the SEC will
      not review such Registration Statement or (ii) that
      the
      Company may request the acceleration of the effectiveness of such Registration
      Statement and the Company makes such request; provided that,
      if the
      Effectiveness Deadline falls on a Saturday, Sunday or any other day which shall
      be a legal holiday or a day on which the SEC is authorized or required by law
      or
      other government actions to close, the Effectiveness Deadline shall be the
      following Business Day.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    f.  [intentionally
      omitted.]

     

    g. Legal
      Counsel.
      Subject
      to Section 5 hereof, the Holders shall have the right to select one legal
      counsel to review and oversee for such Holders any registrations pursuant to
      this Section 2 ("Legal
      Counsel"),
      which
      shall be Kramer
      Levin Naftalis & Frankel LLP or
      such
      other counsel as thereafter designated by the Required Holders. The Company
      and
      Legal Counsel shall reasonably cooperate with each other in performing the
      Company's obligations under this Agreement.

     

    h. [intentionally
      omitted.]

     

    i. Effect
      of Failure to File and Obtain and Maintain Effectiveness of Registration
      Statement.
      

     

    If
      any of
      the following occur:

     

    (i)
      a
      Registration Statement (including the initial Registration Statement and any
      Subsequent Registration Statements) covering all of the Registrable Securities
      required to be covered thereby and required to be filed by the Company pursuant
      to this Agreement is 

     

    (A)
      not
      filed with the SEC on or before the Filing Deadline (a "Filing
      Failure")
      or

     

    (B)
      not
      declared effective by the SEC on or before the Effectiveness Deadline (an
      "Effectiveness
      Failure")
      or

     

    (ii)
      on
      any day after the Effective Date sales of all of the Registrable Securities
      required to be included on such Registration Statement or Subsequent
      Registration Statement, as applicable, cannot be made (other than during an
      Allowable Grace Period (as defined in Section 3(r)) pursuant to such
      Registration Statement or Subsequent Registration Statement (including, without
      limitation, because of a failure to (a) keep such Registration Statement or
      Subsequent Registration Statement effective, (b) disclose such information
      as is
      necessary for sales to be made pursuant to such Registration Statement or
      Subsequent Registration Statement, as applicable, (c) register a sufficient
      number of Shares pursuant to Section 2(c), or (d) maintain the listing with
      the
      Initial Principal Market or other Eligible Market, as applicable of such Shares
      registered pursuant to this Agreement) (a "Maintenance
      Failure");

     

    
      
        
        

      

      
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    then,
      the
      Company shall pay to each holder of Registrable Securities required under this
      Agreement to be, or remain (as applicable), registered under such Registration
      Statement, or Subsequent Registration Statement, as applicable (the
“Subject
      Securities”),
      an
      amount in cash, 

     

    (A)
      equal
      to one percent (1.0%) of the aggregate Purchase Price (as such term is defined
      in the applicable Securities Purchase Agreement) of such Investor's Subject
      Securities that corresponds to the number of such Investor’s Subject Securities
      permitted to be registered by the SEC in such Registration Statement pursuant
      to
      Rule 415 on each of the following dates: 

     

    (i)
      on
      every thirtieth (30th)
      day
      (prorated for periods totaling less than thirty (30) days) after any Filing
      Failure during the period commencing on the date of such Filing Failure until
      the ninetieth (90th)
      day
      after such Filing Failure (or, if earlier, the date on which such Filing Failure
      is cured); 

     

    (ii)
      on
      every thirtieth (30th)
      day
      (prorated for periods totaling less than thirty (30) days) after any
      Effectiveness Failure during the period commencing on the date of such
      Effectiveness Failure until the ninetieth (90th)
      day
      after such Effective Failure (or, if earlier, the date on which such
      Effectiveness Failure is cured), and 

     

    (iii)
      the
      thirtieth (30th)
      day
      (prorated for periods totaling less than thirty (30) days) after the occurrence
      of any Maintenance Failure during the period commencing on the date of such
      Maintenance Failure until the ninetieth (90th)
      day
      after such Maintenance Failure (or, if earlier, the date on which such
      Maintenance Failure is cured), and 

     

    (B)
      equal
      to two percent (2.0%) of the aggregate Purchase Price of such Investor's Subject
      Securities that corresponds to the number of such Investor’s Subject Securities
      permitted to be registered by the SEC in such Registration Statement pursuant
      to
      Rule 415 on each of the following dates: 

     

    (i)
      on
      every thirtieth (30th)
      day
      (prorated for periods totaling less than thirty (30) days) starting with the
      ninety-first (91st)
      day
      after the Filing Deadline until such Filing Failure is cured; 

     

    (ii)
      on
      every thirtieth (30th)
      day
      (prorated for periods totaling less than thirty (30) days) starting with the
      ninety-first (91st)
      day
      after the Effectiveness Deadline until such Effectiveness Failure is cured;
      and

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (iii)
      on
      every thirtieth (30th)
      day
      (prorated for periods totaling less than thirty (30) days) starting with the
      ninety-first (91st)
      day
      after the occurrence of a Maintenance Failure until such Maintenance Failure
      is
      cured. 

     

    The
      payments to which a holder shall be entitled pursuant to this Section 2(i)
      are
      referred to herein as "Registration
      Delay Payments."
      In the
      event the Company fails to make Registration Delay Payments in a timely manner,
      such Registration Delay Payments shall bear interest at the rate of one and
      one-half percent (1.5%) per month (prorated for partial months) until paid
      in
      full. 

     

    Notwithstanding
      anything herein or in the Securities Purchase Agreements to the contrary, (i)
      no
      Registration Delay Payments shall be due and payable in respect of the Warrant
      Shares, (ii) ) in no event shall the aggregate amount of Registration Delay
      Payments payable to any Investor exceed, in the aggregate, 10% of the aggregate
      Purchase Price of all of the Securities purchased by such Investor, (iii) in
      no
      case shall Registration Delay Payments be payable from and after the date the
      Conversion Shares or the PIPE Shares are eligible for sale pursuant to Rule
      144(k) under the 1933 Act, and (iv) the Company shall have no obligation to
      pay
      any such Registration Delay Payments to the Investor during an Effectiveness
      Failure or Maintenance Failure for any delay substantially due to information
      required from the Investor not being provided or being inaccurate or incomplete.
      

     

    3. Related
      Obligations.

     

    At
      such
      time as the Company is obligated to file a Registration Statement or Subsequent
      Registration Statement with the SEC pursuant to Section 2(a), 2(c) or 2(e),
      the
      Company will use its best efforts to effect the registration of the Registrable
      Securities in accordance with the intended method of disposition thereof and,
      pursuant thereto, the Company shall have the following obligations:

     

    a. The
      Company shall submit to the SEC, within two (2) Business Days after the Company
      learns that no review of a particular Registration Statement or Subsequent
      Registration Statement, as applicable, will be made by the staff of the SEC
      or
      that the staff of the SEC has no further comments on a particular Registration
      Statement or Subsequent Registration Statement, as the case may be, a request
      for acceleration of effectiveness of such Registration Statement or Subsequent
      Registration Statement, as applicable to a time and date not later than 48
      hours
      after the submission of such request. The Company shall keep each Registration
      Statement and Subsequent Registration Statement effective pursuant to Rule
      415
      at all times until the earliest of (i) the date as of which the Investors may
      sell all of the Registrable Securities covered by such Registration Statement
      without restriction pursuant to Rule 144(k) (or successor thereto)
      promulgated under the 1933 Act, or (ii) the date on which the Investors shall
      have sold all of the Registrable Securities covered by such Registration
      Statement or Subsequent Registration Statement, as applicable (the "Registration
      Period").
      Each
      Registration Statement and each Subsequent Registration Statement (including
      any
      amendments or supplements thereto and prospectuses contained therein) shall
      not
      contain any untrue statement of a material fact or omit to state a material
      fact
      required to be stated therein, or necessary to make the statements therein
      (in
      the case of prospectuses, in the light of the circumstances in which they were
      made) not misleading.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    b. The
      Company shall prepare and file with the SEC such amendments (including
      post-effective amendments) and supplements to a Registration Statement or
      Subsequent Registration Statement, as applicable, and the prospectus used in
      connection with such Registration Statement or Subsequent Registration
      Statement, as applicable, which prospectus is to be filed pursuant to Rule
      424
      promulgated under the 1933 Act, as may be necessary to keep such Registration
      Statement or Subsequent Registration Statement, as applicable, effective at
      all
      times during the applicable Registration Period, and, during such period, comply
      with the provisions of the 1933 Act in respect of the disposition of all
      Registrable Securities of the Company covered by such Registration Statement
      or
      Subsequent Registration Statement, as applicable, until such time as all of
      such
      Registrable Securities shall have been disposed of in accordance with the
      intended methods of disposition by the seller or sellers thereof as set forth
      in
      such Registration Statement. In the case of amendments and supplements to a
      Registration Statement which are required to be filed pursuant to this Agreement
      (including pursuant to this Section 3(b)) by reason of the Company filing a
      periodic report under the Securities Exchange Act of 1934, as amended (the
      "1934
      Act"),
      the
      Company shall have incorporated such report by reference into such Registration
      Statement, if applicable, or shall file such amendments or supplements with
      the
      SEC on the same day on which the 1934 Act report is filed which created the
      requirement for the Company to amend or supplement such Registration Statement
      or Subsequent Registration Statement, as applicable.

     

    c. The
      Company shall (A) permit Legal Counsel to review and comment upon (i) a
      Registration Statement or Subsequent Registration Statement, as applicable,
      at
      least five (5) Business Days prior to its filing with the SEC and (ii) all
      amendments and supplements to all Registration Statements or Subsequent
      Registration Statements, as applicable, (except for periodic reports filed
      under
      the 1934 Act) within a reasonable number of days prior to their filing with
      the
      SEC, and (B) not file any Registration Statement or Subsequent Registration
      Statement or amendment or supplement thereto in a form to which Legal Counsel
      reasonably objects. The Company shall not submit a request for acceleration
      of
      the effectiveness of a Registration Statement or Subsequent Registration
      Statement, as applicable, or any amendment or supplement thereto without prior
      consent of Legal Counsel, which consent shall not be unreasonably withheld.
      The
      Company shall furnish to Legal Counsel, without charge, (i) copies of any
      correspondence from the SEC or the staff of the SEC to the Company or its
      representatives relating to any Registration Statement or Subsequent
      Registration Statement, as applicable, (ii) promptly after the same is prepared
      and filed with the SEC, one copy of any Registration Statement or Subsequent
      Registration Statement and any amendment(s) thereto, including financial
      statements and schedules, all documents incorporated therein by reference,
      if
      requested by an Investor and not available on the SEC’s Electronic Document
      Gathering and Retrieval System (“EDGAR”), and all exhibits and (iii) upon the
      effectiveness of any Registration Statement or Subsequent Registration
      Statement, as applicable, one copy of the prospectus included in such
      Registration Statement or Subsequent Registration Statement and all amendments
      and supplements thereto, if requested by an Investor and not available on EDGAR.
      The Company shall reasonably cooperate with Legal Counsel in performing the
      Company's obligations pursuant to this Section 3.

     

    d. The
      Company shall furnish to such Investor whose Registrable Securities are included
      in any Registration Statement or Subsequent Registration Statement, as
      applicable, without charge, the following, if not already made available on
      EDGAR: (i) promptly after the same is prepared and filed with the SEC, at least
      one copy of such Registration Statement or Subsequent Registration Statement
      and
      any amendment(s) thereto, including financial statements and schedules, all
      documents incorporated therein by reference, all exhibits and each preliminary
      prospectus, (ii) upon the effectiveness of any Registration Statement or
      Subsequent Registration Statement, as applicable, ten (10) copies of the
      prospectus included in such Registration Statement or Subsequent Registration
      Statement and all amendments and supplements thereto (or such other number
      of
      copies as such Investor may reasonably request) and (iii) such other documents,
      including copies of any preliminary or final prospectus, as such Investor may
      reasonably request from time to time in order to facilitate the disposition
      of
      the Registrable Securities owned by such Investor.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    e. The
      Company shall use its best efforts to (i) register and qualify, unless an
      exemption from registration and qualification applies, the resale by Investors
      of the Registrable Securities covered by a Registration Statement or Subsequent
      Registration Statement, as applicable, under such other securities or "blue
      sky"
      laws of all applicable jurisdictions in the United States, (ii) prepare and
      file
      in those jurisdictions, such amendments (including post-effective amendments)
      and supplements to such registrations and qualifications as may be necessary
      to
      maintain the effectiveness thereof during the applicable Registration Period,
      (iii) take such other actions as may be necessary to maintain such registrations
      and qualifications in effect at all times during the applicable Registration
      Period, and (iv) take all other actions reasonably necessary or advisable to
      qualify the Registrable Securities for sale in such jurisdictions; provided,
      however,
      that
      the Company shall not be required in connection therewith or as a condition
      thereto to (x) qualify to do business in any jurisdiction where it would not
      otherwise be required to qualify but for this Section 3(e), (y) subject itself
      to general taxation in any such jurisdiction, or (z) file a general consent
      to
      service of process in any such jurisdiction. The Company shall promptly notify
      Legal Counsel and each Investor who holds Registrable Securities of the receipt
      by the Company of any notification in respect of the suspension of the
      registration or qualification of any of the Registrable Securities for sale
      under the securities or "blue sky" laws of any jurisdiction in the United States
      or its receipt of notice of the initiation or threatening of any proceeding
      for
      such purpose.

     

    f. The
      Company shall notify Legal Counsel and each Investor in writing of the happening
      of any event, as promptly as practicable, and in any event within twenty-four
      (24) hours after becoming aware (provided that if the time of awareness is
      not a
      Trading Day, such twenty-four (24) hour period shall start at the beginning
      of
      the next Trading Day) of such event, as a result of which the prospectus
      included in a Registration Statement or Subsequent Registration Statement,
      as
      applicable, as then in effect, includes an untrue statement of a material fact
      or omission to state a material fact required to be stated therein or necessary
      to make the statements therein, in the light of the circumstances under which
      they were made, not misleading (provided that in no event shall such notice
      contain any material, nonpublic information), and, subject to Section 3(r),
      promptly prepare a supplement or amendment to such Registration Statement or
      Subsequent Registration Statement to correct such untrue statement or omission,
      and deliver ten (10) copies of such supplement or amendment to each investor
      and
      Legal Counsel (or such other number of copies as such Investor or Legal Counsel
      may reasonably request). The Company shall also promptly notify Legal Counsel
      and each Investor in writing (i) when a prospectus or any prospectus supplement
      or post-effective amendment has been filed, and when a Registration Statement
      or
      Subsequent Registration Statement or any post-effective amendment has become
      effective (notification of such effectiveness shall be delivered to Legal
      Counsel and each Investor by facsimile within one Business Day of such
      effectiveness and by overnight mail), (ii) of any request by the SEC for
      amendments or supplements to a Registration Statement or Subsequent Registration
      Statement or related prospectus or related information, and (iii) of the
      Company's reasonable determination that a post-effective amendment to a
      Registration Statement or Subsequent Registration Statement, as applicable,
      would be appropriate.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    g. The
      Company shall use its best efforts to prevent the issuance of any stop order
      or
      other suspension of effectiveness of a Registration Statement or Subsequent
      Registration Statement, as applicable, or the suspension of the qualification
      of
      any of the Registrable Securities for sale in any jurisdiction and, if such
      an
      order or suspension is issued, to obtain the withdrawal of such order or
      suspension at the earliest possible moment and to notify Legal Counsel and
      each
      Investor who holds Registrable Securities being sold of the issuance of such
      order and the resolution thereof or its receipt of notice of the initiation
      or
      threat of any proceeding for such purpose.

     

    h. 
      If any
      Investor is required under applicable securities laws to be described in the
      Registration Statement as an underwriter, at the reasonable request of such
      Investor, the Company shall furnish to such Investor, on the date of the
      effectiveness of the Registration Statement and thereafter from time to time
      on
      such dates as an Investor may reasonably request (i) a letter, dated such date,
      from the Company's independent certified public accountants in form and
      substance as is customarily given by independent certified public accountants
      to
      underwriters in an underwritten public offering, addressed to the Investors,
      and
      (ii) an opinion, dated as of such date, of counsel representing the Company
      for
      purposes of such Registration Statement, in form, scope and substance as is
      customarily given in an underwritten public offering, addressed to the
      Investors.

     

    i. Upon
      the
      written request of any Investor in connection with any Investor's due diligence
      requirements, if any, or if the Investor is required under applicable securities
      laws to be described in the registration Statement as an underwriter, at the
      reasonable request of such Investor, the Company shall make available for
      inspection by (i) such Investor, (ii) Legal Counsel and (iii) one firm of
      accountants or other agents retained by all such Investors (collectively, the
      "Inspectors"),
      all
      pertinent financial and other records, and pertinent corporate documents and
      properties of the Company (collectively, the "Records"),
      as
      shall be reasonably deemed necessary by each Inspector, and cause the Company's
      officers, directors and employees to supply all information which any Inspector
      may reasonably request; provided,
      however,
      that
      each Inspector shall agree in writing to hold in strict confidence and shall
      not
      make any disclosure (except to an Investor) or use of any Record or other
      information which the Company determines in good faith to be confidential,
      and
      of which determination the Inspectors are so notified, unless (a) as determined
      by the Company and its legal counsel, the disclosure of such Records is
      necessary to avoid or correct a misstatement or omission in any Registration
      Statement or is otherwise required under the 1933 Act, (b) the release of such
      Records is ordered pursuant to a final, non-appealable subpoena or order from
      a
      court or government body of competent jurisdiction, or (c) the information
      in
      such Records has been made generally available to the public other than by
      disclosure in violation of this or any other agreement of which the Inspector
      has knowledge of the terms. Each Investor agrees that it shall, upon learning
      that disclosure of such Records is sought in or by a court or governmental
      body
      of competent jurisdiction or through other means, give prompt notice to the
      Company and allow the Company, at its expense, to undertake appropriate action
      to prevent disclosure of, or to obtain a protective order for, the Records
      deemed confidential. Nothing herein (or in any other confidentiality agreement
      between the Company and any Investor) shall be deemed to limit the Investors'
      ability to sell Registrable Securities in a manner which is otherwise consistent
      with applicable laws and regulations.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    j. The
      Company shall hold in confidence and not make any disclosure of information
      concerning an Investor provided to the Company unless (i) disclosure of such
      information is necessary to comply with federal or state securities laws, (ii)
      the disclosure of such information is necessary to avoid or correct a
      misstatement or omission in any Registration Statement or Subsequent
      Registration Statement, as applicable, (iii) the release of such information
      is
      ordered pursuant to a subpoena or other final, non-appealable order from a
      court
      or governmental body of competent jurisdiction or (iv) such information has
      been
      made generally available to the public other than by disclosure in violation
      of
      this Agreement or any other agreement. The Company agrees that it shall, upon
      learning that disclosure of such information concerning an Investor is sought
      in
      or by a court or governmental body of competent jurisdiction or through other
      means, give prompt written notice to such Investor and allow such Investor,
      at
      the Investor's expense, to undertake appropriate action to prevent disclosure
      of, or to obtain a protective order for, such information.

     

    k. The
      Company shall use its best efforts to cause all Registrable Securities covered
      by the Registration Statement to be listed on the OTC Bulletin Board or any
      other securities exchange, quotation system or market, if any, on which similar
      securities issued by the Company are then listed or traded as and when required
      pursuant to the Securities Purchase Agreements. The Company shall pay all fees
      and expenses in connection with satisfying its obligation under this Section
      3(k).

     

    l. The
      Company shall cooperate with the Investors who hold Registrable Securities
      being
      offered and, to the extent applicable, facilitate the timely preparation and
      delivery of certificates representing the Registrable Securities to be offered
      pursuant to a Registration Statement and enable such certificates to be in
      such
      denominations or amounts, as the case may be, as the Investors may reasonably
      request and registered in such names as the Investors may request.

     

    m. If
      requested by an Investor, the Company shall (i) as soon as practicable
      incorporate in a prospectus supplement or post-effective amendment such
      information as an Investor reasonably requests to be included therein relating
      to the sale and distribution of Registrable Securities, including, without
      limitation, information in respect of the number of Registrable Securities
      being
      offered or sold, the purchase price being paid therefor and any other terms
      of
      the offering of the Registrable Securities to be sold in such offering; (ii)
      as
      soon as practicable make all required filings of such prospectus supplement
      or
      post-effective amendment after being notified of the matters to be incorporated
      in such prospectus supplement or post-effective amendment; and (iii) as soon
      as
      practicable, supplement or make amendments to any Registration Statement or
      Subsequent Registration Statement, as applicable, if reasonably requested by
      an
      Investor holding any Registrable Securities.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    n. The
      Company shall use its best efforts to cause the Registrable Securities covered
      by a Registration Statement or Subsequent Registration Statement, as applicable,
      to be registered with or approved by such other governmental agencies or
      authorities as may be necessary to consummate the disposition of such
      Registrable Securities.

     

    o. The
      Company shall make generally available to its security holders as soon as
      practical, but not later than ninety (90) days after the close of the period
      covered thereby, an earnings statement (in form complying with, and in the
      manner provided by, the provisions of Rule 158 under the 1933 Act) covering
      a
      twelve-month period beginning not later than the first day of the Company's
      fiscal quarter next following the effective date of a Registration Statement
      or
      Subsequent Registration Statement, as applicable. 

    

    p. The
      Company shall effect a filing with respect to the public offering contemplated
      by the Registration Statement (an “Issuer
      Filing”)
      with
      the National Association of Securities Dealers, Inc. (“NASD”)
      Corporate Financing Department pursuant to NASD Rule 2710 (b)(10)(A)(i) within
      one Trading Day of the date of filing of the Registration Statement and pay
      the
      filing fee required by such Issuer Filing.  The Company shall use
      commercially reasonable best efforts to pursue the Issuer Filing until the
      NASD
      issues a letter confirming that it does not object to the terms of the offering
      contemplated by the Registration Statement.  A copy of the Issuer Filing
      and all related correspondence with respect thereto shall be provided to Morse,
      Zelnick, Rose & Lander, LLP, counsel to Rodman & Renshaw, LLC, 405 Park
      Avenue, Suite 1401, New York, NY  10022, Attention:  Kenneth S. Rose,
      Esq.

     

    q. Within
      two (2) Business Days after a Registration Statement or Subsequent Registration
      Statement, as applicable, which covers Registrable Securities is ordered
      effective by the SEC, the Company shall deliver, and shall cause legal counsel
      for the Company to deliver, to the transfer agent for such Registrable
      Securities (with copies to the Investors whose Registrable Securities are
      included in such Registration Statement or Subsequent Registration Statement,
      as
      applicable) confirmation that such Registration Statement or Subsequent
      Registration Statement, as applicable, has been declared effective by the SEC
      in
      the form attached hereto as Exhibit
      A.

     

    r. Notwithstanding
      anything to the contrary herein, at any time after the Effective Date, the
      Company may delay the disclosure of material, non-public information concerning
      the Company the disclosure of which at the time is not, in the good faith
      opinion of the Board of Directors of the Company and its counsel, in the best
      interest of the Company and, in the opinion of counsel to the Company, otherwise
      required (a "Grace
      Period");
      provided that the Company shall promptly (i) notify the Investors in writing
      of
      the existence of material, non-public information giving rise to a Grace Period
      in conformity with the provisions of this Section 3(r) (provided that in each
      notice the Company will not disclose the content of such material, non-public
      information to the Investors) and the date on which the Grace Period will begin,
      and (ii) notify the Investors in writing of the date on which the Grace Period
      ends; and, provided further, that no Grace Period shall exceed ten (10)
      consecutive days and during any three hundred sixty five (365) day period there
      shall be no more than three such Grace Periods and the first day of any Grace
      Period must be at least five (5) Trading Days after the last day of any prior
      Grace Period (each, an "Allowable
      Grace Period").
      For
      purposes of determining the length of a Grace Period above, the Grace Period
      shall begin on and include the date the Investors receive the notice referred
      to
      in clause (i) and shall end on and include the later of the date the Investors
      receive the notice referred to in clause (ii) and the date referred to in such
      notice. The provisions of Section 3(g) hereof shall not be applicable during
      the
      period of any Allowable Grace Period. Upon expiration of the Grace Period,
      the
      Company shall again be bound by the first sentence of Section 3(f) in respect
      of
      the information giving rise thereto unless such material, non-public information
      is no longer applicable. Subject to compliance with applicable securities laws,
      notwithstanding anything else contained herein to the contrary, the Company
      shall cause its transfer agent to deliver unlegended Shares to a transferee
      of
      an Investor in accordance with the terms of the applicable Securities Purchase
      Agreement, and deliver a copy of the prospectus included as part of the
      applicable Registration Statement (unless an exemption from such prospectus
      delivery requirement exists), prior to the Investor's receipt of the notice
      of a
      Grace Period and for which the Investor has not yet settled. 

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    s. The
      Company shall use its best efforts to maintain the eligibility of its
      registration statement(s) on Form F-3 or such other form as is available for
      such a registration, as applicable, until the expiration of the applicable
      Registration Period. 

     

    4. Obligations
      of the Investors.

     

    a. At
      least
      five (5) Business Days prior to the first anticipated filing date of a
      Registration Statement or Subsequent Registration Statement, as applicable,
      the
      Company shall notify each Investor in writing of the information the Company
      requires from each such Investor if such Investor elects to have any of such
      Investor's Registrable Securities included in such Registration Statement or
      Subsequent Registration Statement, as applicable, to such Investor pursuant
      to
      Section 2(e). It shall be a condition precedent to the obligations of the
      Company to complete the registration pursuant to this Agreement in respect
      of
      the Registrable Securities of a particular Investor that such Investor shall
      furnish to the Company such information regarding itself, the Registrable
      Securities held by it and the intended method of disposition of the Registrable
      Securities held by it as shall be reasonably required to effect the
      effectiveness of the registration of such Registrable Securities and shall
      execute such documents in connection with such registration as the Company
      may
      reasonably request. 

     

    b. Each
      Investor, by such Investor's acceptance of the Registrable Securities, agrees
      to
      cooperate with the Company as reasonably requested by the Company in connection
      with the preparation and filing of any Registration Statement hereunder, unless
      such Investor has notified the Company in writing of such Investor's election
      to
      exclude all of such Investor's Registrable Securities from such Registration
      Statement.

     

    c. Each
      Investor agrees that, upon receipt of any notice from the Company of the
      happening of any event of the kind described in Section 3(g) or the first
      sentence of 3(f), such Investor will immediately discontinue disposition of
      Registrable Securities pursuant to any Registration Statement(s) or Subsequent
      Registration Statement(s), as applicable, covering such Registrable Securities
      until such Investor's receipt of copies of the supplemented or amended
      prospectus contemplated by Section 3(g) or the first sentence of 3(f) has been
      filed with the SEC or receipt of notice that no supplement or amendment is
      required. Subject to compliance with applicable securities laws, notwithstanding
      anything else to the contrary, the Company shall cause its transfer agent to
      deliver unlegended Shares to a transferee of an Investor in accordance with
      the
      terms of the applicable Securities Purchase Agreement if requested by such
      Investor prior to the Investor's receipt of a notice from the Company of the
      happening of any event of the kind described in Section 3(g) or the first
      sentence of 3(f) and as to the sale of which the Investor has not yet
      settled.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    5. Expenses
      of Registration.

     

    All
      reasonable expenses, other than underwriting discounts and commissions incurred
      in connection with registrations, filings or qualifications pursuant to Sections
      2 and 3, including, without limitation, all registration, listing and
      qualifications fees, printers and accounting fees, and fees and disbursements
      of
      counsel for the Company, shall be paid by the Company. The Company shall also
      reimburse the Investors for the fees and disbursements of Legal Counsel in
      connection with registration, filing or qualification pursuant to Sections
      2 and
      3 of this Agreement which amount shall be limited to $5,000.

     

    6. Indemnification.

     

    In
      the
      event any Registrable Securities are included in a Registration Statement
or
      Subsequent
      Registration
      Statement, as applicable,
      under
      this Agreement:

     

    a. To
      the
      fullest extent permitted by law, the Company will, and hereby does, indemnify,
      hold harmless and defend each Investor, the directors, officers, members,
      partners, employees, agents, representatives of, and each Person, if any, who
      controls any Investor within the meaning of the 1933 Act or the 1934 Act (each,
      an "Indemnified
      Person"),
      against any losses, claims, damages, liabilities, judgments, fines, penalties,
      charges, costs, reasonable attorneys' fees, amounts paid in settlement or
      expenses, joint or several, incurred in investigating, preparing or defending
      any pending action, claim, suit, inquiry, proceeding, investigation or appeal
      taken from the foregoing by or before any court or governmental, administrative
      or other regulatory agency, body or the SEC (collectively, "Claims")
      to
      which an indemnified party is a party or to which any of them may become subject
      ("Indemnified
      Damages")
      insofar as such Claims arise out of or are based upon: (i) any untrue statement
      or alleged untrue statement of a material fact in a Registration Statement
      or
      Subsequent
      Registration
      Statement or
      any
      post-effective amendment thereto or in any filing made in connection with the
      qualification of the offering under the securities or other "blue sky" laws
      of
      any jurisdiction in which Registrable Securities are offered ("Blue
      Sky Filing"),
      or
      the omission or alleged omission to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, (ii) any
      untrue statement or alleged untrue statement of a material fact contained in
      any
      preliminary prospectus if used prior to the effective date of such Registration
      Statement
      or
Subsequent
      Registration
      Statement, as applicable,
      or
      contained in the final prospectus (as amended or supplemented, if the Company
      files any amendment thereof or supplement thereto with the SEC) or the omission
      or alleged omission to state therein any material fact necessary to make the
      statements made therein, in the light of the circumstances under which the
      statements therein were made, not misleading, or (iii) any violation or alleged
      violation by the Company of the 1933 Act, the 1934 Act, any other law,
      including, without limitation, any state securities law, or any rule or
      regulation thereunder relating to the offer or sale of the Registrable
      Securities pursuant to a Registration Statement or
      Subsequent
      Registration
      Statement, as applicable
      (the
      matters in the foregoing clauses (i) through (iii) being, collectively,
      "Violations").
      Subject to Section 6(c), the Company shall reimburse the Indemnified Persons,
      promptly as such expenses are incurred and are due and payable, for reasonable
      legal fees or other reasonable expenses incurred by them in connection with
      investigating or defending any such Claim. Notwithstanding anything to the
      contrary contained herein, the indemnification agreement contained in this
      Section 6(a): (i) shall not apply to a Claim by an Indemnified Person arising
      out of or based upon a Violation which occurs in reliance upon and in conformity
      with information furnished in writing to the Company by such Indemnified Person
      for such Indemnified Person expressly for use in connection with the preparation
      of the Registration Statement or
      Subsequent
      Registration
      Statement or
      any
      such amendment thereof or supplement thereto and (ii) shall not apply to amounts
      paid in settlement of any Claim if such settlement is effected without the
      prior
      written consent of the Company, which consent shall not be unreasonably withheld
      or delayed. Such indemnity shall remain in full force and effect regardless
      of
      any investigation made by or on behalf of the Indemnified Person and shall
      survive the transfer of the Registrable Securities by the Investors pursuant
      to
      Section 9.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    b. In
      connection with any Registration Statement or
      Subsequent
      Registration
      Statement, as applicable,
      in
      which an Investor is participating, each such Investor agrees to severally
      and
      not jointly indemnify, hold harmless and defend, to the same extent and in
      the
      same manner as is set forth in Section 6(a), the Company, any Subsidiary of
      the
      Company, each of their respective directors, officers, members, partners,
      employees, agents, representatives,
      as
      applicable,
      and each
      Person, if any, who controls the Company within the meaning of the 1933 Act
      or
      the 1934 Act (each, an "Indemnified
      Party"),
      against any Claim or Indemnified Damages to which any of them may become
      subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim
      or
      Indemnified Damages arise out of or are based upon any Violation, in each case
      to the extent, and only to the extent, that such Violation occurs in reliance
      upon and in conformity with written information furnished to the Company by
      such
      Investor expressly for use in connection with such Registration
      Statement
      or
Subsequent
      Registration
      Statement, as applicable;
      and,
      subject to Section 6(c), such Investor will the Indemnified Parties, promptly
      as
      such expenses are incurred and are due and payable for any reasonable legal
      fees
      or other reasonable expenses incurred by them in connection with investigating
      or defending any such Claim; provided,
      however,
      that
      the indemnity agreement contained in this Section 6(b) and the agreement in
      respect of contribution contained in Section 7 shall not apply to amounts paid
      in settlement of any Claim if such settlement is effected without the prior
      written consent of such Investor, which consent shall not be unreasonably
      withheld or delayed; provided,
      further,
      however,
      that
      the Investor shall be liable under this Section 6(b) for only that amount of
      a
      Claim or Indemnified Damages as does not exceed the net proceeds to such
      Investor as a result of the sale of Registrable Securities pursuant to such
      Registration Statement
      or
Subsequent
      Registration
      Statement, as applicable.
      Such
      indemnity shall remain in full force and effect regardless of any investigation
      made by or on behalf of such Indemnified Party and shall survive the transfer
      of
      the Registrable Securities by the Investors pursuant to Section 9. 

     

    c. Promptly
      after receipt by an Indemnified Person or Indemnified Party under this Section
      6
      of notice of the commencement of any action or proceeding (including any
      governmental action or proceeding) involving a Claim, such Indemnified Person
      or
      Indemnified Party shall, if a Claim in respect thereof is to be made against
      any
      indemnifying party under this Section 6, deliver to the indemnifying party
      a
      written notice of the commencement thereof, and the indemnifying party shall
      have the right to participate in, and, to the extent the indemnifying party
      so
      desires, jointly with any other indemnifying party similarly noticed, to assume
      control of the defense thereof with counsel mutually satisfactory to the
      indemnifying party and the Indemnified Person or the Indemnified Party, as
      the
      case may be; provided,
      however,
      that an
      Indemnified Person or Indemnified Party, as the case may be, shall have the
      right to retain its own counsel with the fees and expenses of not more than
      one
      counsel for such Indemnified Person or Indemnified Party, as the case may be,
      to
      be paid by the indemnifying party, if, in the reasonable opinion of counsel
      retained by the indemnifying party, the representation by such counsel of the
      Indemnified Person or Indemnified Party, as the case may be, and the
      indemnifying party would be inappropriate due to actual or potential differing
      interests between such Indemnified Person or Indemnified Party, as the case
      may
      be, and any other party represented by such counsel in such proceeding. In
      the
      case of an Indemnified Person, legal counsel referred to in the immediately
      preceding sentence shall be selected by the Investors holding at least a
      majority in
      interest of the Registrable Securities included in the Registration Statement
      or
      Subsequent
      Registration
      Statement, as applicable,
      to which
      the Claim relates. The Indemnified Party or Indemnified Person, as the case
      may
      be, shall cooperate fully with the indemnifying party in connection with any
      negotiation or defense of any such action or Claim by the indemnifying party
      and
      shall furnish to the indemnifying party all information reasonably available
      to
      the Indemnified Party or Indemnified Person, as the case may be, which relates
      to such action or Claim. The indemnifying party shall keep the Indemnified
      Party
      or Indemnified Person, as the case maybe, reasonably apprised at all times
      as to
      the status of the defense or any settlement negotiations in respect thereof.
      No
      indemnifying party shall be liable for any settlement of any action, claim
      or
      proceeding effected without its prior written consent; provided,
      however,
      that
      the indemnifying party shall not unreasonably withhold, delay or condition
      its
      consent. No indemnifying party shall, without the prior written consent of
      the
      Indemnified Party or Indemnified Person, as the case may be, consent to entry
      of
      any judgment or enter into any settlement or other compromise which does not
      include as an unconditional term thereof the giving by the claimant or plaintiff
      to such Indemnified Party or Indemnified Person, as the case may be, of a
      release from all liability in respect to such Claim or litigation, and such
      settlement shall not include any admission as to fault on the part of the
      Indemnified Party. Following indemnification as provided for hereunder, the
      indemnifying party shall be subrogated to all rights of the Indemnified Party
      or
      Indemnified Person, as the case may be, in respect of all third parties, firms
      or corporations relating to the matter for which indemnification has been made.
      The failure to deliver written notice to the indemnifying party within a
      reasonable time of the commencement of any such action shall not relieve such
      indemnifying party of any liability to the Indemnified Person or Indemnified
      Party, as the case may be, under this Section 6, except to the extent that
      the
      indemnifying party is materially prejudiced in its ability to defend such
      action.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    d. The
      indemnification required by this Section 6 shall be made by periodic payments
      of
      the amount thereof during the course of the investigation or defense, as and
      when bills are received or Indemnified Damages are incurred.

     

    e. The
      indemnity agreements contained herein shall be in addition to (i) any cause
      of
      action or similar right of the Indemnified Party or Indemnified Person against
      the indemnifying party or others, and (ii) any liabilities the indemnifying
      party may be subject to pursuant to the law.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    7. Contribution.

     

    To
      the
      extent any indemnification by an indemnifying party is prohibited or limited
      by
      law, the indemnifying party agrees to make the maximum contribution in respect
      of any amounts for which it would otherwise be liable under Section 6 to the
      fullest extent permitted by law; provided,
      however,
      that:
      (i) no Person involved in the sale of Registrable Securities, which Person
      is
      guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
      of
      the 1933 Act) in connection with such sale, shall be entitled to contribution
      from any Person involved in such sale of Registrable Securities who was not
      guilty of fraudulent misrepresentation; and (ii) contribution by any seller
      of
      Registrable Securities shall be limited in amount to the net amount of proceeds
      received by such seller from the sale of such Registrable Securities pursuant
      to
      such Registration Statement
      or
Subsequent
      Registration
      Statement, as applicable.
      

     

    8. Reports
      Under the 1934 Act.
      

     

    With
      a
      view to making available to the Investors the benefits of Rule 144 promulgated
      under the 1933 Act or any other similar rule or regulation of the SEC that
      may
      at any time permit the Investors to sell securities of the Company to the public
      without registration ("Rule
      144"),
      the
      Company agrees to:

     

    a. make
      and
      keep public information available, as those terms are understood and defined
      in
      Rule 144;

     

    b. file
      with
      the SEC in a timely manner all reports and other documents required of the
      Company under the 1933 Act and the 1934 Act so long as the Company remains
      subject to such requirements and the filing of such reports and other documents
      is required for the applicable provisions of Rule 144; and

     

    c. furnish
      to each Investor so long as such Investor owns Registrable Securities, promptly
      upon request, (i) a written statement by the Company, if true, that it has
      complied with the reporting requirements of Rule 144, the 1933 Act and the
      1934
      Act and (ii) such other information as may be reasonably requested to permit
      the
      Investors to sell such securities pursuant to Rule 144 without
      registration.

     

    9. Assignment
      of Registration Rights.
      

     

    The
      rights under this Agreement shall be automatically assignable by the Investors
      to any transferee of all or any portion of such Investor's Registrable
      Securities if: (i) the Investor agrees in writing with the transferee or
      assignee to assign such rights and a copy of such agreement is furnished to
      the
      Company within a reasonable time after such assignment; (ii) the Company is,
      within a reasonable time after such transfer or assignment, furnished with
      written notice of (a) the name and address of such transferee or assignee and
      (b) the securities in respect of which such registration rights are being
      transferred or assigned; (iii) immediately following such transfer or assignment
      the further disposition of such securities by the transferee or assignee is
      restricted under the 1933 Act or applicable state securities laws; (iv) at
      or
      before the time the Company receives the written notice contemplated by clause
      (ii) of this sentence, the transferee or assignee agrees in writing with the
      Company to be bound by all of the provisions contained herein; and (v) such
      transfer shall have been made in accordance with the applicable requirements
      of
      the applicable Securities Purchase Agreement.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    10. Amendment
      of Registration Rights.

     

    Provisions
      of this Agreement may be amended and the observance thereof may be waived
      (either generally or in a particular instance and either retroactively or
      prospectively), only with the written consent of the Company and the Required
      Holders. Any amendment or waiver effected in accordance with this Section 10
      shall be binding upon each Investor and the Company. No such amendment shall
      be
      effective to the extent that it applies to less than all of the holders of
      the
      Registrable Securities. No consideration shall be offered or paid to any Person
      to amend or consent to a waiver or modification of any provision of any of
      this
      Agreement unless the same consideration also is offered to all of the parties
      to
      this Agreement.

     

    11. Miscellaneous.

     

    a. The
      provisions of this Agreement shall apply to the full extent set forth herein
      in
      respect of (i) the Shares, (ii) any and all shares of voting stock of
      the Company into which the Shares are converted, exchanged or substituted in
      any
      recapitalization or other capital reorganization by the Company and
      (iii) any and all equity securities of the Company or any successor or
      assign of the Company (whether by merger, consolidation, sale of assets or
      otherwise) which may be issued in respect of, in conversion of, in exchange
      for
      or in substitution of, Shares and shall be appropriately adjusted for any stock
      dividends, splits, reverse splits, combinations, recapitalizations and the
      like
      occurring after the date hereof. The Company shall not enter into an agreement
      in respect of a Fundamental Transaction (as defined in the Notes) which does
      not
      provide that the Successor Entity (as defined in the Notes), if any, shall
      assume the obligations set forth herein or enter into a new registration rights
      agreement with the Investors on terms substantially the same as those remaining
      under this Agreement as a condition of any such transaction.

     

    b. A
      Person
      is deemed to be a holder of Registrable Securities whenever such Person owns
      or
      is deemed to own of record such Registrable Securities. If the Company receives
      conflicting instructions, notices or elections from two or more Persons in
      respect of the same Registrable Securities, the Company shall act upon the
      basis
      of instructions, notice or election received from the record owner of such
      Registrable Securities.

     

    c. Any
      notices, consents, waivers or other communications required or permitted to
      be
      given under the terms of this Agreement must be in writing and will be deemed
      to
      have been delivered: (i) upon receipt, when delivered personally provided same
      is on a Business Day and, if not, on the next Business Day; (ii) upon receipt,
      when sent by facsimile (provided confirmation of transmission is mechanically
      or
      electronically generated and kept on file by the sending party) provided same
      is
      on a Business Day and, if not, on the next Business Day; (iii) one (1) Business
      Day after deposit with an overnight courier service, in each case properly
      addressed to the party to receive the same; or (iv) if sent by certified mail,
      return receipt requested, when received or three (3) days after deposited in
      the
      mails, whichever occurs first. The addresses and facsimile numbers for such
      communications shall be:

     

    
      If
        to the
        Company: 

       

      If
        to the
        Company:

       

      Comanche
        Clean Energy Corporation

      c/o
        Maples & Calder Corporate Services Ltd.

      PO
        Box
        309 GT

      Ugland
        House

      South
        Church Street

      George
        Town

      Grand
        Cayman, Cayman Islands

      Tel:
        345-949-8066

      Fax:
        345-949-8080

      Attention:
        Graham Lockington

      Email:
         Graham.Lockington@MAPLESANDCALDER.com
        

    

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    With
      a
      copy to:

     

    Comanche
      Clean Energy Corporation

    c/o
      FondElec

    One
      Dock
      Street

    Stamford,
      Ct. 06902 USa

    Tel:
      203-326-4570

    Fax:
      203-326-4578

    Attention:
      Thomas Cauchois

    Email:
      tcauchois@fondelec.com

    

    with
      a
      copy to (for informational purposes):

     

    Guzov
      Ofsink LLC

    600
      Madison Avenue, 14th
      Floor

    New
      York,
      NY 10022

    Telephone: 212-371-8008

    Facsimile: 212-688-7273

    Attention: Darren
      L.
      Ofsink, Esq.

     

    
      If
        to an
        Investor, to its address and facsimile number set forth in the records of
        the
        Company or the Transfer Agent, as applicable, with copies to such Buyer’s
        representatives as set forth on the Schedule of Buyers, 

       

      with
        a
        copy (for informational purposes) to:

      

      Kramer
        Levin Naftalis & Frankel LLP

      1177
        Avenue of the Americas

      New
        York,
        New York 10036

      Tel:
        212-715-9100

      Fax:
        212-715-8000

      Attention:
        Christopher S. Auguste

      Email:
        CAuguste@kramerlevin.com 

    

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    

    or
      to
      such other address and/or facsimile number and/or to the attention of such
      other
      Person as the recipient party has specified by written notice given to each
      other party five (5) days prior to the effectiveness of such change. Written
      confirmation of receipt (A) given by the recipient of such notice, consent,
      waiver or other communication, (B) mechanically or electronically generated
      by
      the sender’s facsimile machine containing the time, date, recipient facsimile
      number and an image of the first page of such transmission or (C) provided
      by a
      courier or overnight courier service shall be rebuttable evidence of personal
      service, receipt by facsimile or receipt from a nationally recognized overnight
      delivery service in accordance with clause (i), (ii) or (iii) above,
      respectively.

     

    d. Failure
      of any party to exercise any right or remedy under this Agreement or otherwise,
      or delay by a party in exercising such right or remedy, shall not operate as
      a
      waiver thereof.

     

    e. All
      questions concerning the construction, validity, enforcement and interpretation
      of this Agreement shall be governed by the internal laws of the State of New
      York, without giving effect to any choice of law or conflict of law provision
      or
      rule (whether of the State of New York or any other jurisdictions) that would
      cause the application of the laws of any jurisdictions other than the State
      of
      New York. Each party hereby irrevocably submits to the exclusive jurisdiction
      of
      the state and federal courts sitting in The City of New York, Borough of
      Manhattan, for the adjudication of any dispute hereunder or in connection
      herewith or with any transaction contemplated hereby or discussed herein, and
      hereby irrevocably waives, and agrees not to assert in any suit, action or
      proceeding, any claim that it is not personally subject to the jurisdiction
      of
      any such court, that such suit, action or proceeding is brought in an
      inconvenient forum or that the venue of such suit, action or proceeding is
      improper. Each party hereby irrevocably waives personal service of process
      and
      consents to process being served in any such suit, action or proceeding by
      mailing a copy thereof to such party at the address for such notices to it
      under
      this Agreement and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. The Company hereby appoints Guzov Ofsink,
      LLC, 600 Madison Avenue, 14th
      Floor,
      New York, New York 10022, as its agent for service of process in New York.
      Nothing contained herein shall be deemed to limit in any way any right to serve
      process in any manner permitted by law. If any provision of this Agreement
      shall
      be invalid or unenforceable in any jurisdiction, such invalidity or
      unenforceability shall not affect the validity or enforceability of the
      remainder of this Agreement in that jurisdiction or the validity or
      enforceability of any provision of this Agreement in any other jurisdiction.
      EACH
      PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO
      REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN
      CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
      CONTEMPLATED HEREBY.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    f. This
      Agreement supersedes all other prior oral or written agreements between the
      Company, their affiliates and Persons acting on their behalf in respect of
      the
      matters discussed herein, and this Agreement, the Transaction Documents and
      the
      instruments referenced herein contain the entire understanding of the parties
      in
      respect of the matters covered herein and therein and, except as specifically
      set forth herein or therein, neither the Company nor any Buyer makes any
      representation, warranty, covenant or undertaking in respect of such matters.
      No
      provision of this Agreement may be amended other than by an instrument in
      writing signed by the Company, and the Required Holders, and any amendment
      to
      this Agreement made in conformity with the provisions of this Section 11(f)
      shall be binding on all Buyers and holders of Securities as applicable. No
      provision hereof may be waived other than by an instrument in writing signed
      by
      the party against whom enforcement is sought. No such amendment shall be
      effective to the extent that it applies to less than all of the holders of
      the
      applicable Securities then outstanding. No consideration shall be offered or
      paid to any Person to amend or consent to a waiver or modification of any
      provision of any of the Transaction Documents unless the same consideration
      also
      is offered to all of the parties to the Transaction Documents, holders of Notes
      or holders of the Warrants, as the case may be. The Company has not, directly
      or
      indirectly, made any agreements with any Buyers relating to the terms or
      conditions of the transactions contemplated by the Transaction Documents except
      as set forth in the Transaction Documents. Without limiting the foregoing,
      the
      Company confirms that, except as set forth in this Agreement and the applicable
      Transaction Documents, no Buyer has made any commitment or promise or has any
      other obligation to provide any financing to the Company or
      otherwise.

     

    g. Subject
      to the requirements of Section 9, this Agreement shall inure to the benefit
      of
      and be binding upon the permitted successors and assigns of each of the parties
      hereto.

     

    h. The
      headings in this Agreement are for convenience of reference only and shall
      not
      form a part of, or affect the interpretation of this Agreement.

     

    i. This
      Agreement may be executed in two or more identical counterparts, all of which
      shall be considered one and the same agreement and shall become effective when
      counterparts have been signed by each party and delivered to the other party;
      provided that a facsimile signature shall be considered due execution and shall
      be binding upon the signatory thereto with the same force and effect as if
      the
      signature were an original, not a facsimile signature.

     

    j. Each
      party shall do and perform, or cause to be done and performed, all such further
      acts and things, and shall execute and deliver all such other agreements,
      certificates, instruments and documents, as any other party may reasonably
      request in order to carry out the intent and accomplish the purposes of this
      Agreement and the consummation of the transactions contemplated
      hereby.

     

    k. All
      consents and other determinations required to be made by the Investors pursuant
      to this Agreement shall be made, unless otherwise specified in this Agreement,
      by the Required Holders, determined as if all of the (i) Notes held by Investors
      were converted into, and (ii) Warrants held by Investors then outstanding were
      exercised for, Registrable Securities without regard to any limitation on
      conversion of the Notes or exercise of the Warrants. 

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    l. The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties to express their mutual intent and no rules of strict construction
      will
      be applied against any party.

     

    m. This
      Agreement is intended for the benefit of the parties hereto and their respective
      permitted successors and assigns, and is not for the benefit of, nor may any
      provision hereof be enforced by, any other Person except to the extent set
      forth
      in Section 6.

     

    n. The
      obligations of each Investor hereunder are several and not joint with the
      obligations of any other Investor, and no provision of this Agreement is
      intended to confer any obligations on any Investor vis-à-vis any other Investor.
      The Company acknowledges that nothing contained herein or the Securities
      Purchase Agreement, and no action taken by any Investor pursuant hereto or
      thereto (including, but not limited to, the (i) inclusion of an Investor in
      the
      Registration Statement and (ii) review by, and consent to, such Registration
      Statement by an Investor) shall be deemed to constitute the Investors as a
      partnership, an association, a joint venture or any other kind of entity, or
      create a presumption that the Investors are in any way acting in concert or
      as a
      group in respect of such obligations or the transactions contemplated herein
      or
      therein. The Company acknowledges that each Investor shall be entitled to
      independently protect and enforce its rights, including without limitation,
      the
      rights arising out of this Agreement or the Securities Purchase Agreements,
      and
      it shall not be necessary for any other Investor to be joined as an additional
      party in any proceeding for such purpose. The Company acknowledges that for
      reasons of administrative convenience only, this Agreement, the Securities
      Purchase Agreements and the other transaction documents have been prepared
      by
      counsel for the Company and the Company acknowledges that it has elected to
      provide all Investors with the same terms and transaction documents for the
      convenience of the Company and not because it was required or requested to
      do so
      by the Investors.

     

    *
      * * * *
      *

    

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

     

    
      	 	 	 
	 	
              COMPANY:

            
	 	 
	 	
              COMANCHE
                CLEAN ENERGY CORPORATION

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

              Name:  
                

              Title: 

            

    

     

    [Signature
      Pages of Buyers Follow]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF,
      each
      Buyer and the Company have caused their respective signature page to this
      Registration Rights Agreement to be duly executed as of the date first written
      above.

    
       

      
        	 	 	 
	 	
                
                  BUYERS:

                

              
	 	 
	 	
                
                  [___________________]

                

              
	 
 	 
 	 
 
	
              	By:  	
              
	 	
                

                Name:  
                  

                Title: 

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    SCHEDULE
      OF BUYERS

    

      
        	
                Buyer

              	
                 

              	
                Address,
                  Telephone Number and E-Mail

              	
                 

              	
                Buyer’s
                  Representative

              
	
                Sandelman
                  Partners Multi-Strategy Master Fund, Ltd.

              	 	
                500
                  Park Ave., 3rd Fl. New York, NY 10022

                212-299-7625

                besty@sandptrs.com

              	 	
                Schulte,
                  Roth & Zabel LLP, 919 Third Avenue, New York, New York
                  10022

                Attn:
                  Jennifer E.D. Clarke, Esq.

                212-756-2410
                  (p)

              
	 	 	 	 	 
	
                Utilico
                  Emerging Markets Limited

              	 	
                Exchange
                  House, 8th Fl. Primrose St. London, EC2A 2NY- United Kingdom

                44
                  1372 271 486

                james@analysis-research.net

              	 	
                Kramer,
                  Levin, Naftalis & Frankel LLP

                1177
                  Avenue of the Americas, New York, New York 10036

                Attn:
                  Christopher Auguste, Esq.

                212-715-9121
                  (p)

                212-715-8136
                  (f)

              
	 	 	 	 	 
	
                MHR
                  Capital Partners Master Account LP

              	 	
                40
                  W. 57th St., 24th Fl. New York, NY 10019

                212-728-5429

                ppanigrahi@mhrfund.com

              	 	
                Stroock
                  & Stroock & Lavan LLP

                180
                  Maiden Lane

                New
                  York, NY 10038

                Attn:
                  Brad Kulman, Esq.

                (212)
                  806-6442 (p)

                (212)
                  806-7142 (f)

              
	 	 	 	 	 
	
                MHR
                  Capital Partners (100) LP

              	 	
                40
                  W. 57th St., 24th Fl. New York, NY 10019

                212-728-5429

                ppanigrahi@mhrfund.com

              	 	
                Stroock
                  & Stroock & Lavan LLP

                180
                  Maiden Lane

                New
                  York, NY 10038

                Attn:
                  Brad Kulman, Esq.

                (212)
                  806-6442 (p)

                (212)
                  806-7142 (f)

              
	 	 	 	 	 
	
                Wolverine
                  Convertible Arbitrage Fund Trading Ltd

              	 	
                175
                  W. Jackson Blvd., #200 Chicago, IL 60604

                312-884-3880

                asujdak@wolve.com

              	 	 
	 	 	 	 	 
	
                GPC
                  LX LLC

              	 	
                175
                  W. Jackson Blvd., #200 Chicago, IL 60604

                312-884-3880

                asujdak@wolve.com

              	 	 
	 	 	 	 	 
	
                Alpine
                  Capital (Cayman) Master, LP

              	 	
                400
                  Madison Ave., 8th Fl. New York, NY 10017

                212-317-2400

                carlos@alpinecapitalgroup.com

              	 	 
	 	 	 	 	 
	
                Armstrong
                  Equity Partners, LP

              	 	
                2100
                  McKinney, #1700 Dallas, TX 75201

                214-220-3609

                brad@aeplp.com

              	 	 
	 	 	 	 	 
	
                Whitebox
                  Hedged High Yield Partners, LP

              	 	
                3033
                  Excelsior Blvd., #300 Minneapolis, MN 55416

                612-253-6067

                mpaska@whiteboxadvisors.com

              	 	 
	 	 	 	 	 
	
                Whitebox
                  Intermarket Partners, LP

              	 	
                3033
                  Excelsior Blvd., #300 Minneapolis, MN 55416

                612-253-6067

                mpaska@whiteboxadvisors.com

              	 	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                Deephaven
                  Distressed Opportunities Trading Ltd

              	 	
                130
                  Cheshire Ln., #102 Minnetonka, MN 55305

                952-249-5419

                datkins@deephavenfunds.com

              	 	 

      

       

      
        	
                Deephaven
                  Event Trading Ltd

              	 	
                130
                  Cheshire Ln., #102 Minnetonka, MN 55305

                952-249-5419

                datkins@deephavenfunds.com

              	 	 
	 	 	 	 	 
	
                Paragon
                  Capital, L.P.

              	 	
                110
                  E. 59th St., 29th Fl. New York, NY 10022

                212-593-3157

                alan@paragonlp.com

              	 	 
	 	 	 	 	 
	
                Cranshire
                  Capital, LP

              	 	
                3100
                  Dundee Rd., #703 Northbrook, IL 60062

                847-562-9030

                lprosser@cranshirecapital.com

              	 	 
	 	 	 	 	 
	
                R&R
                  Biotech Partners LLC

              	 	
                1270
                  Avenue of the Americas, 16th Floor, New York, NY 10020

                212-356-0509

                ppinou@rodmanandrenshaw.com

              	 	 
	 	 	 	 	 
	
                Goldman
                  Sachs & Company

              	 	
                One
                  New York Plaza, 85 Broad St., 47th Fl. New York, NY 10004

                212-902-4423

                vladimira.mircheva@gs.com

              	 	 
	 	 	 	 	 
	
                Deutsche
                  Bank AG, London Branch

              	 	
                1
                  Great Winchester St. London EC2N 2DB United Kingdom

                44
                  2075 450 283

                mike.uy@db.com

              	 	 

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    

    FORM
      OF NOTICE OF EFFECTIVENESS

    OF
      REGISTRATION STATEMENT

     

    Interwest
      Transfer Company, Inc.

    1981
      East
      Murray Holladay Road, Suite 100

    P.O.
      Box
      17136

    Salt
      Lake
      City, Ut 84117

     

    Attention:
      [                                    
 ]

     

    Re: Comanche
      Clean Energy Corporation

     

    Ladies
      and Gentlemen:

     

    We
      have
      represented Comanche Clean Energy Corporation, a Cayman Islands company (the
      "Company")
      in
      connection with (i) that certain Securities Purchase Agreement (Notes and
      Warrants) (the "Note
      Purchase Agreement")
      entered into by and among the Company and the buyers named therein
      (collectively, the "Note Holders")
      pursuant to which the Company issued to the Holders secured convertible notes
      (the "Notes")
      convertible into the Company's Ordinary Shares, $0.001 par value per share
      ("Shares")
      and
      warrants exercisable for Shares (the "Note
      Warrants"),
      and
      (ii) that certain Securities Purchase Agreement (Shares and Warrants) (the
      "Share
      Purchase Agreement")
      entered into by and among the Company and the buyers named therein
      (collectively, the "Share
      Holders")
      pursuant to which the Company issued to the Share Holders Shares (the
“PIPE
      Shares”)
      and
      warrants exercisable for Shares (the "PIPE
      Warrants",
      together with the Note Warrants, collectively, the “Warrants”))
      Pursuant to the Securities Purchase Agreement, the Company also has entered
      into
      a Registration Rights Agreement with the Holders (the "Registration
      Rights Agreement"),
      pursuant to which the Company agreed, among other things, to register the Shares
      issuable upon conversion of the Notes, the PIPE Shares and the Shares issuable
      upon exercise of the Warrants, under the Securities Act of 1933, as amended
      (the
      "1933
      Act").
      In
      connection with the Company's obligations under the Registration Rights
      Agreement, on ____________ ___, 200_, the Company filed a Registration Statement
      on Form F-__ (File No. 333-_____________) (the "Registration
      Statement")
      with
      the Securities and Exchange Commission (the "SEC")
      relating to the Registrable Securities which names each of the Holders as a
      selling stockholder thereunder.

     

    Please
      notify us immediately upon the request of any Holder to transfer Shares pursuant
      to the Registration Statement. We will then provide you a letter regarding
      the
      transferability of the Shares under the Registration Statement.

     

    
      	 	 	 
	 	
              Very
                truly yours,

            
	 	 
	 	
              Guzov
                Ofsink, LLC

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	
              

            

    

     

    CC: 
      [LIST
      NAMES OF HOLDERS]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      B

    

    SELLING
      STOCKHOLDERS

     

    The
      Shares being offered by the selling stockholders are those previously issued
      to
      the selling stockholders and those issuable upon conversion of the convertible
      notes and upon exercise of the warrants. For additional information regarding
      the issuance of those number of Shares and warrants and convertible notes and
      warrants, see "Confidential Private Placement Memorandum" above. We are
      registering the Shares in order to permit the selling stockholders to offer
      the
      shares for resale from time to time. Except for the ownership of the Shares,
      convertible notes and warrants issued pursuant to the Securities Purchase
      Agreements, the selling stockholders who acquired their securities pursuant
      to
      the Securities Purchase Agreements have not had any material relationship with
      us within the past three years. Rodman & Renshaw, LLC acted as our placement
      agent in respect of the issuance of the convertible notes and warrants and
      the
      Shares, and received warrants exercisable for Shares in connection
      therewith.

     

    The
      table
      below lists the selling stockholders and other information regarding the
      beneficial ownership of the Shares by each of the selling stockholders. The
      second column lists the number of Shares beneficially owned by each selling
      stockholder, based on its ownership of the convertible notes and warrants,
      as of
      ________, 2007.1 
      In
      computing the number of shares beneficially owned by a selling stockholder
      and
      the percentage of ownership of that selling stockholder, the number of Shares
      underlying the convertible notes and the warrants held by that selling
      stockholder that are convertible or exercisable, as the case may be, within
      60
      days of [insert date] are included. Those shares, however, are not deemed
      outstanding for the purpose of computing the percentage ownership of any other
      selling stockholder. Each selling stockholder's percentage of ownership in
      the
      following table is based upon [______] Shares outstanding as of [insert date].
      We will not receive any of the proceeds from the sale of our Shares by the
      selling stockholders. None of these selling stockholders are, or are affiliates
      of, a broker-dealer registered under the Exchange Act.

     

    The
      third
      column lists the number of Shares being offered by this prospectus by each
      selling stockholder.

     

    In
      accordance with the terms of registration rights agreements among the Company
      and the selling stockholders, this prospectus generally covers the resale of
      at
      least the number of Shares issued in the private placement of Shares and
      warrants and 125% of the sum of the number of Shares issued or issuable (x)
      upon
      conversion of the convertible notes, and (y) upon exercise of the warrants,
      determined as if the outstanding notes were converted and warrants were
      exercised in full, each as of the trading day immediately preceding the date
      the
      registration statement is initially filed with the SEC. Because
      the conversion price of the convertible notes may be adjusted and the exercise
      price of the warrants may be adjusted, the number of shares that will actually
      be issued may be more or less than the number of shares being offered by this
      prospectus. The fourth column assumes the sale of all of the shares offered
      by
      the selling stockholders pursuant to this prospectus.

    
       

        
          

        

      

      1
        Note to
        Draft: Each Investor’s entry in this column should be footnoted with the
        following text: As described below, all conversions of, or exercises under,
        the
        convertible notes and the warrants are subject to the restriction that such
        conversions or exercises do not result in the holder and its affiliates
        beneficially owning more than 9.99% of our outstanding Shares. Based on the
        [_______] shares of our Shares that were outstanding as of [insert date],
        as of
        such date, each of these selling stockholders may be deemed to beneficially
        own
        and may only convert and/or exercise a maximum of [_______] Shares under
        its
        respective convertible note and warrant.

    

     

    
      
        
        

      

      
        B-1

        
          

        

      

      
        
        

      

    

     

    Under
      the
      terms of the convertible notes and the warrants, a selling stockholder may
      not
      convert the convertible notes or exercise the warrants to the extent such
      conversion or exercise would cause such selling stockholder, together with
      its
      affiliates, to beneficially own a number of Shares which would exceed 9.99%
      of
      our then outstanding Shares following such conversion or exercise, excluding
      for
      purposes of such determination Shares issuable upon conversion of the
      convertible notes which have not been converted and upon exercise of the
      warrants that have not been exercised. The number of shares in the second column
      does not reflect this limitation. The selling stockholders may sell all, some
      or
      none of their shares in this offering. See "Plan of Distribution."

     

    
      	
               

               

              Name
                of Selling Stockholder

            	 	
               

              Number
                of Shares Owned Prior to Offering

            	 	
              Maximum
                Number of Shares to be Sold Pursuant to this
                Prospectus

            	 	
               

              Number
                of Shares Owned After Offering

            
	
               

            	 	 	 	 	 	
              0

            

    

    

    
      
        
        

      

      
        B-2

        
          

        

      

      
        
        

      

    

    

    PLAN
      OF DISTRIBUTION

     

    We
      are
      registering the number of Shares issued pursuant to the Securities Purchase
      Agreement (Common and Warrants) and the number of Shares issuable upon
      conversion of the convertible notes and upon exercise of the warrants to permit
      the resale of these Shares by the holders of the convertible notes and warrants
      from time to time after the date of this prospectus. We will not receive any
      of
      the proceeds from the sale by the selling stockholders of the Shares. We will
      bear all fees and expenses incident to our obligation to register the
      Shares.

     

    The
      selling stockholders may sell all or a portion of the Shares beneficially owned
      by them and offered hereby from time to time directly or through one or more
      underwriters, broker-dealers or agents. If the Shares are sold through
      underwriters or broker-dealers, the selling stockholders will be responsible
      for
      underwriting discounts or commissions or agent's commissions. The Shares may
      be
      sold in one or more transactions at fixed prices, at prevailing market prices
      at
      the time of the sale, at varying prices determined at the time of sale, or
      at
      negotiated prices. These sales may be effected in transactions, which may
      involve crosses or block transactions, 

     

    
      	
            	·	
              on
                any national securities exchange or quotation service on which the
                securities may be listed or quoted at the time of
                sale;

            

    

    
      	 	 	 

    

    
      	 	·	in the over-the-counter
              market;

    

    
      	 	 	 

    

    
      	 	·	in transactions otherwise than on these
              exchanges or systems or in the over-the-counter
              market;

    

    
      	 	 	 

    

    
      	 	·	through the writing of options, whether
              such
              options are listed on an options exchange or
              otherwise;

    

    
      	 	 	 

    

    
      	 	·	ordinary brokerage transactions and
              transactions in which the broker-dealer solicits
              purchasers;

    

    
      	 	 	 

    

    
      	 	·	block trades in which the broker-dealer
              will
              attempt to sell the shares as agent but may position and resell a portion
              of the block as principal to facilitate the
              transaction;

    

    
      	 	 	 

    

    
      	 	·	purchases by a broker-dealer as principal
              and
              resale by the broker-dealer for its
              account;

    

    
      	 	 	 

    

    
      	 	·	an exchange distribution in accordance
              with
              the rules of the applicable exchange;

    

    
      	 	 	 

    

    
      	 	·	privately negotiated
              transactions;

    

    
      	 	 	 

    

    
      	 	·	short sales;

      	 	 	 

      	 	·	sales pursuant to Rule
              144;

    

     

    
      
        
        

      

      
        B-3

        
          

        

      

      
        
        

      

    

     

    
      	 	·	broker-dealers may agree with the selling
              stockholders to sell a specified number of such shares at a stipulated
              price per share;

    

     
 

    
      	 	·	a combination of any such methods of
              sale;
              and

    

    
      	 	 	 

    

    
      	 	·	any other method permitted pursuant
              to
              applicable law.

    

     

    If
      the
      selling stockholders effect such transactions by selling Shares to or through
      underwriters, broker-dealers or agents, such underwriters, broker-dealers or
      agents may receive commissions in the form of discounts, concessions or
      commissions from the selling stockholders or commissions from purchasers of
      the
      Shares for whom they may act as agent or to whom they may sell as principal
      (which discounts, concessions or commissions as to particular underwriters,
      broker-dealers or agents may be in excess of those customary in the types of
      transactions involved); provided that the commissions payable to, or discounts
      received by, any member of the National Securities Dealers Association, Inc.
      shall not exceed 8% of the sale of any Shares being registered pursuant to
      Rule
      415. In connection with sales of the Shares or otherwise, the selling
      stockholders may enter into hedging transactions with broker-dealers, which
      may
      in turn engage in short sales of the Shares in the course of hedging in
      positions they assume. The selling stockholders may also sell Shares short
      and
      deliver Shares covered by this prospectus to close out short positions and
      to
      return borrowed shares in connection with such short sales. The selling
      stockholders may also loan or pledge Shares to broker-dealers that in turn
      may
      sell such shares.

     

    The
      selling stockholders may pledge or grant a security interest in some or all
      of
      the convertible notes, warrants or the Shares owned by them and, if they default
      in the performance of their secured obligations, the pledgees or secured parties
      may offer and sell the Shares from time to time pursuant to this prospectus
      or
      any amendment to this prospectus under Rule 424(b)(3) or other applicable
      provision of the Securities Act of 1933, as amended, amending, if necessary,
      the
      list of selling stockholders to include the pledgee, transferee or other
      successors in interest as selling stockholders under this prospectus. The
      selling stockholders also may transfer and donate the Shares in other
      circumstances in which case the transferees, donees, pledgees or other
      successors in interest will be the selling beneficial owners for purposes of
      this prospectus.

     

    The
      selling stockholders and any broker-dealers or agents that are involved in
      selling the Shares may be deemed to be "underwriters" within the meaning of
      the
      Securities Act in connection with such sales. In such event, any commissions
      received by such broker dealers or agents and any profit on the resale of the
      shares purchased by them may be deemed to be underwriting commissions or
      discounts under the Securities Act. Each Selling Stockholder has informed the
      Company that it does not have any written or oral agreement or understanding,
      directly or indirectly, with any person to distribute the Shares. The maximum
      commission or discount to be received by any NASD member or independent
      broker/dealer will not be greater than eight percent (8.0%) for the sale of
      any
      securities registered pursuant to this registration statement. At the time
      a
      particular offering of the Shares is made, a prospectus supplement, if required,
      will be distributed which will set forth the aggregate amount of Shares being
      offered and the terms of the offering, including the name or names of any
      broker-dealers or agents, any discounts, commissions and other terms
      constituting compensation from the selling stockholders and any discounts,
      commissions or concessions allowed or reallowed or paid to
      broker-dealers.

     

    
      
        
        

      

      
        B-4

        
          

        

      

      
        
        

      

    

     

    Under
      the
      securities laws of some states, the Shares may be sold in such states only
      through registered or licensed brokers or dealers. In addition, in some states
      the may not be sold unless such shares have been registered or qualified for
      sale in such state or an exemption from registration or qualification is
      available and is complied with.

     

    There
      can
      be no assurance that any selling stockholder will sell any or all of the Shares
      registered pursuant to the registration statement, of which this prospectus
      forms a part.

     

    The
      selling stockholders and any other person participating in such distribution
      will be subject to applicable provisions of the Securities Exchange Act of
      1934,
      as amended, and the rules and regulations thereunder, including, without
      limitation, Regulation M of the Exchange Act, which may limit the timing of
      purchases and sales of any of the Shares by the selling stockholders and any
      other participating person. Regulation M may also restrict the ability of any
      person engaged in the distribution of the Shares to engage in market-making
      activities with respect to the Shares. All of the foregoing may affect the
      marketability of the Shares and the ability of any person or entity to engage
      in
      market-making activities in respect of the Shares.

     

    We
      will
      pay all expenses of the registration of the Shares pursuant to the registration
      rights agreements, including, without limitation, Securities and Exchange
      Commission filing fees and expenses of compliance with state securities or
      "blue
      sky" laws; provided,
      however,
      that a
      selling stockholder will pay all underwriting discounts and selling commissions,
      if any. We will indemnify the selling stockholders against liabilities,
      including some liabilities under the Securities Act, in accordance with the
      registration rights agreements, or the selling stockholders will be entitled
      to
      contribution. We may be indemnified by the selling stockholders against civil
      liabilities, including liabilities under the Securities Act, that may arise
      from
      any written information furnished to us by the selling stockholder specifically
      for use in this prospectus, in accordance with the related registration rights
      agreements, or we may be entitled to contribution.

     

    Once
      sold
      under the registration statement, of which this prospectus forms a part, the
      Shares will be freely tradable in the hands of persons other than our
      affiliates.

     

    
      
        
        

      

      
        B-5LOCKUP
      AGREEMENT

    

    THIS
      LOCKUP AGREEMENT (the "Agreement") is entered into as of this 3rd day of April,
      2007 (the "Effective Date") by and between each shareholder listed on Exhibit
      A
      (each a “Shareholder” and collectively, the "Shareholders") and Comanche Clean
      Energy Corporation, a Cayman Islands corporation (the "Company").

    

    WITNESSETH

    

    WHEREAS,
      each Shareholder has acquired Ordinary Shares, par value $.001 per share, of
      the
      Company (the "Shares"), all of which Shares shall be subject to this Agreement
      (such Shares are sometimes also hereinafter referred to as the "Restricted
      Shares"); and

    

    WHEREAS,
      the Company has, concurrently with the execution of this Agreement, issued
      approximately $ 44,752,545 in face amount of Convertible Notes (the
      "Convertible Notes"); and

    
      

      WHEREAS,
        it was a condition precedent to the consummation of certain capital raising
        transactions by the Company as of the date hereof (including the issuance
        of the Convertible Notes) that the Shareholder agree to refrain from selling
        the
        Restricted Shares until the occurrence of certain events and/or the passage
        of
        certain dates (all as provided in this Agreement);

      

      NOW,
        THEREFORE, in consideration of the foregoing premises, and for other
good
        and
        valuable consideration, the receipt and sufficiency of which are hereby
        acknowledged, the parties hereto agree as follows:

      

      1.
        LOCKUP
        OF SHARES. Each Shareholder hereby agrees that such Shareholder will not,
        except
        as provided herein, prior to the earlier of (a) the first anniversary of
        the
        date that the Company’s Registration Statement under the Securities Act of 1933,
        as amended, covering the resale of all of the Company’s Shares by the purchasers
        of the Convertible Notes is declared effective or (b) the third anniversary
        of
        the date hereof, sell (including without limitation, in a short sale), transfer,
        assign or dispose of (by gift or otherwise) (collectively, "Transfer"), other
        than Permitted Transfers, any of the Restricted Shares (the "Transfer
        Restriction"). Notwithstanding the foregoing, the Restricted Shares shall
        cease
        to be subject to the Transfer Restriction in accordance with the following
        provisions:

      

      (a) 
        CHANGE
        OF CONTROL. All of the Restricted Shares shall immediately cease to be subject
        to the Transfer Restriction upon a Change of Control. For purposes of this
        Agreement, a “Change of Control” shall mean any Fundamental Transaction other
        than (i) any reorganization, recapitalization or reclassification of Shares,
        in
        which holders of the Company's voting power immediately prior to such
        reorganization, recapitalization or reclassification continue after such
        reorganization, recapitalization or reclassification to hold publicly traded
        securities and, directly or indirectly, the voting power of the surviving
        entity
        or entities necessary to elect a majority of the members of the board of
        directors (or their equivalent if other than a corporation) of such entity
        or
        entities; or (ii) pursuant to a migratory merger effected solely for the
        purpose
        of changing the jurisdiction of incorporation of the Company. “Fundamental
        Transaction” means that the Company shall, directly or indirectly, in one or
        more related transactions, after the date hereof (i) be dissolved or liquidated
        or be the subject of a plan of dissolution or liquidation adopted by its
        stockholders; (ii) consolidate or merge with or into (whether or not the
        Company
        is the surviving corporation) another person or persons; (iii) sell, assign,
        transfer, convey or otherwise dispose of all or substantially all of the
        properties or assets of the Company to another person; (iv) allow another
        person
        to make a purchase, tender or exchange offer that is accepted by the holders
        of
        more than the 50% of the outstanding voting Shares (not including any voting
        Shares held by the person or persons making or party to, or associated or
        affiliated with the persons making or party to, such purchase, tender or
        exchange offer), (v) consummate a stock purchase agreement or other business
        combination (including, without limitation, a reorganization, recapitalization,
        spin-off or scheme of arrangement) with another person whereby such other
        person
        acquires more than 50% of the outstanding voting Shares (not including any
        voting Shares held by the other person or other persons making or party to,
        or
        associated or affiliated with the other persons making or party to, such
        stock
        purchase agreement or other business combination); (vi) any "person" or "group"
        (as these terms are used for purposes of Sections 13(d) and 14(d) of the
        Securities Exchange Act of 1934 (the “Exchange Act”)) is or shall become the
        "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly
        or indirectly, of 50% of the aggregate ordinary voting power represented
        by
        issued and outstanding Shares; or (vii) cease to have during any period of
        two
        (2) years, as the majority of its Board of Directors individuals who at the
        beginning of such period constituted the Board of Directors of the Company
        (together with any new directors whose nomination for election was approved
        by a
        vote of at least a majority of the directors then still in office who were
        either directors at the beginning of such period or whose election or nomination
        for election was previously so approved). 

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

        (b)
          DEATH
          OR INCAPACITY. Upon the death or incapacity of a Shareholder,
          all of the Restricted Shares held by such Shareholder shall immediately
          cease to
          be subject to the Transfer Restriction.

        

        2.
          PERMITTED TRANSFERS TO TRUSTS. Notwithstanding the Transfer Restriction,
          Transfers of Restricted Shares by a Shareholder shall be permitted to:
          (i) any
          member or members of the Shareholder’s immediate family, including the spouse,
          sibling, child, step child, grandchild and/or parent of such Shareholder
          and/or
          the spouse of any such person (collectively, “Immediate Families”); (ii) any
          corporation, partnership, limited liability company, trust or other entity
          or
          company, all of the equity or beneficial ownership interests of which are
          owned
          by one or more of the Shareholders; (iii) employees of the Company or any
          of its
          direct or indirect subsidiaries and their Immediate Families; (iv) directors
          of
          the Company; and (v) charitable foundations formed by the Shareholder at
          any
          time; PROVIDED, HOWEVER, that (y) Restricted Shares transferred pursuant
          to this
          Section 2 shall remain Restricted Shares subject to the Transfer Restriction,
          except as provided in Section 1, and (z) no transfer under this Section
          2 shall
          be permitted or be recorded in the records of the Company, unless and until
          the
          transferee of such Restricted Shares agrees by notice in writing to the
          Company
          to be bound by the terms of this Agreement.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        3.
          REGISTRATION RIGHTS. 

        

        (a)
          Certain
          Definitions.
          As used
          in this Section 3, the following terms shall have the following respective
          meanings:

         

        "Holders"
          shall mean the holders of Registrable Securities.

         

        "Initiating
          Holders" shall mean any persons who in the aggregate are Holders of at
          least a
          majority of the voting power held by all outstanding Registrable
          Securities.

         

        "Registrable
          Securities" shall mean all of the Shares held by the Shareholders on the
          date of
          this Agreement and (ii) any Shares issued in respect thereof upon any stock
          split, stock dividend, recapitalization or similar event.

         

        The
          terms
          "register," "registered" and "registration" shall refer to a registration
          effected by preparing and filing a registration statement in compliance
          with the
          Securities Act and applicable rules and regulations thereunder, and the
          declaration or ordering of the effectiveness of such registration
          statement.

         

        "Registration
          Expenses" shall mean all expenses incurred by the Company in compliance
          with
          this Sections 3, including, without limitation, all registration and filing
          fees, printing expenses, fees and disbursements of counsel for the Company,
          blue
          sky fees and expenses, reasonable fees and disbursements of one counsel
          for all
          the selling Holders for a "due diligence" examination of the Company, and
          the
          expense of any special audits incident to or required by any such registration
          (but excluding the compensation of regular employees of the Company, which
          shall
          be paid in any event by the Company).

         

        “Securities
          Act” shall mean the Securities Act of 1933, as amended.

         

        "Selling
          Expenses" shall mean all underwriting discounts and selling commissions
          applicable to the sale of Registrable Securities and all fees and disbursements
          of counsel for any Holder, except as otherwise provided herein.

         

        "Underwritten
          Offering" shall mean the offering and sale of Registrable Securities in
          a
          registration pursuant to a firm commitment underwriting to an underwriter
          at a
          fixed price for reoffering or pursuant to agency or best efforts arrangements
          with a placement agent or underwriter.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

        (b) Right
          to Piggyback.
          At any
          time after the first anniversary of the date the Company’s Registration
          Statement on Form F-1 covering the resale of Shares issuable upon conversion
          of
          the Convertible Notes is declared effective, the Company proposes to register
          any of its securities under the Securities Act and the registration form
          to be
          used may be used for the registration and contemplated disposition of
          Registrable Securities (a "Piggyback Registration"), the Company will give
          prompt written notice to all Holders of Registrable Securities of its intention
          to effect such a registration so that such notice is received by each Holder
          at
          least twenty (20) days before the anticipated filing date. The Company
          will
          include in such registration all Registrable Securities with respect to
          which
          the Company has received written requests for inclusion therein within
          ten (10)
          days after the receipt of the Company's notice.

         

        (c) Piggyback
          Expenses.
          In
          connection with each Piggyback Registration, all of the Registration Expenses
          of
          the Holders of Registrable Securities will be paid by the Company and such
          Holders shall pay all of the Selling Expenses attributable to the sale
          of their
          securities pursuant to the Piggyback Registration, including their pro
          rata
          share of all fees and disbursements of counsel for the Holders in connection
          with such Piggyback Registration.

         

        (d) Priority
          on Primary Registrations.
          If a
          Piggyback Registration is an underwritten primary registration on behalf
          of the
          Company, and the managing underwriters advise the Company in writing that
          in
          their opinion the distribution of the Registrable Securities to be included
          concurrently with the securities being registered on behalf of the Company
          would
          materially adversely affect the distribution of such securities by the
          Company,
          the Company will include in such registration (i) first, the securities
          the
          Company proposes to sell, (ii) second, the Registrable Securities and securities
          of the Company with respect to which similar registration rights have heretofore
          been granted and requested to be included in such registration, pro rata
          in
          accordance with the amounts of Registrable Securities and such securities
          requested to be so included by the respective Holders and holders of such
          securities of the Company; and (iii) third, any other securities requested
          to be
          included in such registration.

         

        (e) Priority
          on Secondary Registrations.
          If a
          Piggyback Registration is an underwritten secondary registration on behalf
          of
          holders of the Company's securities, and the managing underwriters advise
          the
          Company in writing that in their opinion the distribution of the Registrable
          Securities to be included concurrently with the securities being registered
          on
          behalf of the Company would materially adversely affect the distribution
          of such
          securities by the Company, the Company will include in such registration
          (i)
          first, the securities requested to be included therein by the holders requesting
          such registration, (ii) second, the Registrable Securities and securities
          of the
          Company with respect to which similar registration rights have heretofore
          been
          granted and requested to be included in such registration, pro rata in
          accordance with the amounts of Registrable Securities and such securities
          requested to be so included by the respective Holders and holders of such
          securities of the Company, and (iii) third, other securities requested
          to be
          included in such registration.

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        4.
          THIRD
          PARTY BENEFICIARIES. Each Shareholder acknowledges and agrees that pursuant
          to
          that certain Securities Purchase Agreement dated as of March 30, 2007 in
          respect
          of the issuance of Convertible Notes and warrants of the Company ("Warrants")
          and that certain Securities Purchase Agreement dated as of March 30, 2007
          in
          respect of the issuance of Shares and Warrants, such Shareholder’s accepting to
          be bound by the terms and conditions of this Agreement is a condition precedent
          to the consummation of such transactions. Consequently, the Company agrees
          that
          it will not amend this Agreement without the written consent of (x) the
          holders
          of a majority of the outstanding principal amount of the Convertible Notes
          and
          (y) the holders of a majority of the Shares of the Company, not including
          for
          such purpose any Shareholder which is a party to this Agreement. Except
          as set
          forth above, this Agreement is solely for the benefit of the Company and
          the
          Shareholders, and nothing contained in any agreement shall be deemed to
          confer
          upon anyone other than the holders of Convertible Notes and Shares and
          the
          Company and Shareholders any right to insist upon or to enforce the performance
          or observance of any of the obligations contained herein.

      

      
        

        5.
          GOVERNING LAW/VENUE. This Agreement shall be governed by applicable U.S.
          federal securities laws and the internal laws of the State of New York
          (without
          regard to any conflict of law provisions). The sole and exclusive venue
          for any
          legal proceeding involving this Agreement shall be the courts located in
          the
          State of New York.

        

        6.
          COUNTERPARTS. This Agreement may be executed in two or more counterparts,
          each
          of which shall be deemed an original, but all of which together shall constitute
          one and the same instrument.

        

        7.
          AMENDMENTS AND WAIVERS. Subject to the terms and provisions of Section
          4 hereof,
          this Agreement may only be amended with the written consent of the Company
          and
          each Shareholder.

         

        [the
          remainder of this page has intentionally been left blank]

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

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

        
          
            	 	 	 
	 	
                    COMANCHE
                      CLEAN ENERGY CORPORATION

                  
	 
 	 
 	 
 
	
                  	By:  	/s/
                    Thomas Cauchois
	 	
                    

                    Print
                      Name: Thomas
                      Cauchois

                    Print
                      Title: Chairman

                    Duly
                      authorized

                  

          

           

          
            	 	 	 	 
	
                    SHAREHOLDERS

                  	 	 	 
	
                     

                     

                  	 	 	 
	Alicia
                    Noyola 	 	 	Thomas
                    Cauchois
	
                    
Alicia
                    Noyola	 	 	
                    
Thomas
                    Cauchois

          

          
            	 	 	 	 
	
                    NETOIL
                      INTERMEDIACAO

                    DE
                      NEGOCIOS LTDA

                  	 	 	
                    CASTANHERA
                      ACQUISITION 

                    COMPANY,
                      LLC

                  
	
                     

                     

                  	 	 	 
	
                    By:
                      /s/
                      Delmo
                      Sergio Vilhena

                  	 	 	
                    By:
                      /s/
                      Alexandre
                      Tadeu Nunes Kume 

                  
	
                    
                      

                    

                    Name:
                      Delmo Sergio Vilhena

                    Title:
                      Director

                  	 	 	
                    
                      

                    

                    Name:
                      Alexandre Tadeu Nunes Kume

                    Title:
                      Director

                  

          

           

          
            	 	 	 	 
	
                    OURO
                      VERDE PARTICIPACOES S/A

                  	 	 	
                     

                  
	
                     

                     

                  	 	 	 
	
                    By:
                      /s/
                      Alexandre
                      Tadeu Nunes Kume

                  	 	 	
                    By:
                      /s/
                      Alexandre
                      Tadeu Nunes Kume 

                  
	
                    
                      

                    

                    
                      Name:
                        Alexandre Tadeu Nunes Kume

                    

                    Title:
                      Director

                  	 	 	
                    
                      

                    

                    
                      Name:
                        Francisco Celso Ligeiro

                    

                    Title:
                      Director

                  

          

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

            

        

        
          EXHIBIT
            A

          LIST
            OF
            SHAREHOLDER PARTIES TO AGREEMENT

          

          Alicia
            Noyola

          Thomas
            Cauchois

          Netoil
            Intermediacao Negocios Ltda

          Castanhera
            Acquisition Company, LLC

          Ouro
            Verde Participaçoes S/A

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]