Document:

AGREEMENT

      This Agreement made and entered into this 23rd day of September 2005, by
and between the City of Kingman, Kansas, a Municipal Corporation, party of the
First Part, sometimes hereinafter referred to as "First Party" and Composite
Technology Corporation, a Nevada Corporation, party of the Second Part,
sometimes hereinafter referred to as "Second Party".

      WHEREAS, on or about November 11, 2003, First Party and Second Party
entered into an agreement, hereinafter referred to as "Kingman Agreement,"
whereby Second Party would provide various goods and services to First Party for
specified sums of money with said terms and conditions more fully set forth in
said agreement.

      WHEREAS, on or about May 5, 2005, Second Party filed Chapter 11 bankruptcy
proceedings in the United States Bankruptcy Court, Central District of
California, Santa Ana Division, Case No. 05-13107 JR.

      WHEREAS, in said bankruptcy plan and subsequent amended plans filed in
said proceedings (collectively the "Plan), Second Party has proposed to reject
the Kingman Agreement entered into by Second Party with First Party.

      WHEREAS, the parties desire to reach an agreement whereby certain goods
and services can be provided by Second Party and paid for by First Party in an
effort to maintain a business relationship between the parties.

      WHEREAS, if said parties can reach such agreement, then First Party, upon
conditions set forth hereafter, will release any right, title, and interest to
pursue claims in said bankruptcy proceedings. The parties hereto do hereby agree
as set forth hereafter.

      The parties, based upon the mutual covenants, consideration, and terms and
conditions hereinafter set forth, agree as follows:

      1. The parties state and agree that all terms and conditions of this
Agreement shall be conditioned upon the signature of the parties hereto,
approval of this Agreement by the Bankruptcy Court, confirmation of the Chapter
11 Plan, and performance of the obligations by the parties stated herein. This
Agreement is void if not approved by the Bankruptcy Court on or before November
1, 2005.

      2. Second Party agrees to supply First Party with 369,600 feet (70 lineal
miles) of Hawk size finished conductor for $883,334 less 5% = $839,167
(difference of $44,167) ("Cable"). The Cable shipping charges will be paid by
the Second Party and shipped to First Party by Second Party within ninety (90)
days of receipt of First Party's purchase order. First Party's purchase order
shall be prepared on Second Party's standard purchase order form for products of
this type. Second Party will also provide 240 dead-ends, 70 splices, and 1,368
FCI Armor-Rods (collectively "Hardware") at $350/each, $415/each, and $32/each,
respectively, for a total of $156,826 less 5% = $148,985 (difference of $7,841).
The charges for delivery of this Hardware will be paid by the Second Party. The
total amount of the purchase order from First Party to Second Party (for the
Cable $839,167 and Hardware $148,985) shall be credited by Second Party for the
amount of $14,750 for past considerations. The Hardware will be delivered no
later than ninety (90) days of the purchase order of the above-referenced Cable
with payment terms of net 10 days from date of delivery.

                                       1
<PAGE>

      3. First Party will pay for Cable and Hardware above referenced upon
receipt of said Cable and Hardware from Second Party. The amount to be paid is
set forth in Paragraph 2 above.

      4. Second Party will provide up to $30,000 in on-site engineering and
technical services and expenses during the installation period. These services
shall be supplied at Second Party's standard charges for its personnel and
actual costs incurred by the Second Party for sub-contract charges. Expenses
shall be actual expenses incurred by Second Party personnel and actual expenses
incurred by any sub-contractors selected by Second Party. First Party shall not
have any right to independently incur any charges at Second Party's liability.
Construction change orders are not included in this $30,000 amount, and any such
change orders will be at Kingman's sole expense.

      5. Actual material requirements, as stated above, have already taken into
account an increase in quantities (including Hardware spares) which have all
been discounted by 5% to reflect Second Party's willingness to contribute up to
5% spare parts at no charge to First Party. The First Party is authorized to
purchase additional cable and products as a direct factory purchaser for its use
only.

      6. Second Party shall warrant and defend First Party against any type of
defects or damages relating to the Cable or Hardware above referenced once said
Cable and Hardware are installed for a period of one year after the Cable is
energized.

      7. The parties agree that this Agreement shall be controlled by Kansas
law.

      8. Pending Bankruptcy Court Approval of this Agreement, confirmation of
the Chapter 11 Plan, and performance of the obligations by the parties stated
herein, the First Party reserves its right under the Bankruptcy Code to file a
proof of claim for damages allegedly arising from rejection of the Kingman
Contract (`Rejection Claim") and the First Party reserves all defenses it has to
defend against such Rejection Claim. The Rejection Claim is conditioned upon the
signature of the parties hereto, approval of this Agreement by the Bankruptcy
Court, confirmation of the Chapter 11 Plan, and performance of the obligations
by the parties stated herein. In the event that the Rejection Claim is filed,
upon Bankruptcy Court approval of this Agreement and confirmation of the Plan,
such Rejection Claim shall be automatically deemed withdrawn and waived without
any further action on any of the parties to this Agreement and without further
notice, hearing or Bankruptcy Court order. In other words, in the event the
Rejection Claim is filed, upon Bankruptcy Court Approval of this Agreement and
confirmation of the Plan, the First Party acknowledges and understands that it
shall not be entitled to payment or a distribution from the Second Party's
Bankruptcy Estate on account of the Rejection Claim.

      9. Except as otherwise expressly stated or reserved in this Agreement and
conditioned upon performance of the obligations stated herein, the First Party
and their officers, directors, agents, employees, attorneys or representatives,
and their predecessors and successors, in law or in equity, (collectively, the
"Kingman Parties"), hereby release and forever discharge the Second Party and
the Second Party's Bankruptcy Estate and their officers, directors, agents,
employees, attorneys, insurers, representatives, and their predecessors and
successors, in law or in equity (collectively, the "Debtor Parties"), from any
and all actions, proceedings, obligations, liabilities, claims for relief,
prayers for relief, demands, causes of action, damages, liabilities, damages,
losses, costs and expenses and other claims (collectively "Claims") which the
Kingman Parties might or could assert against the Debtor Parties, or any member
thereof, which arise out of, are connected with, or are incidental to the
Kingman Agreement.

                                       2
<PAGE>

      The Kingman Parties hereby acknowledge the provisions of California Civil
      Code section 1542, which states: A GENERAL RELEASE DOES NOT EXTEND TO
      CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR
      AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
      MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. With respect to the
      general releases of Claims, the Kingman Parties hereby waive any and all
      rights which may be conferred upon them by virtue of Civil Code section
      1542 or any similar provision or body of law. In this regard, the Kingman
      Parties acknowledge that facts in addition to or different from those
      which are now known or believed to exist may hereafter be discovered with
      respect to the subject matter of the Claims and that the releases of
      Claims will remain fully enforceable notwithstanding such discovery.

      10. Except as otherwise expressly stated or reserved in this Agreement and
conditioned upon performance of the obligations stated herein, the Debtor
Parties hereby release and forever discharge the Kingman Parties from any and
all actions, proceedings, obligations, liabilities, claims for relief, prayers
for relief, demands, causes of action, damages, liabilities, damages, losses,
costs and expenses and other claims (collectively "Claims") which the Debtor
Parties might or could assert against the Kingman Parties, or any of them, which
arise out of, are connected with, or are incidental to the Kingman Agreement.

      The Debtor Parties hereby acknowledge the provisions of California Civil
      Code section 1542, which states: A GENERAL RELEASE DOES NOT EXTEND TO
      CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR
      AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
      MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. The Debtor Parties
      hereby waive any and all rights which may be conferred upon them by virtue
      of Civil Code section 1542 or any similar provision or body of law. In
      this regard, the Debtor Parties acknowledge that facts in addition to or
      different from those which are now known or believed to exist may
      hereafter be discovered with respect to the subject matter of the Claims,
      and that the releases of Claims hereof will remain fully enforceable
      notwithstanding such discovery.

      11. This Agreement contains the sole, complete and entire agreement and
understanding of the parties concerning the matters contained herein and may not
be altered, modified, or changed in any manner except by a writing duly executed
by the parties. No party is relying on any representations other than those
expressly set forth herein. No conditions precedent to the effectiveness of this
Agreement exists, other than as expressly provided for herein. There are no oral
or written collateral agreements. All prior discussions and negotiations have
been and are merged, integrated into and superseded by this Agreement.

      12. The parties, and each of them, warrant: (i) that no other person or
entity had or has or claims, any interest in any of the claims, demands, causes
of action, or damages covered in this Agreement; (ii) that they, and each of
them, have the sole right and exclusive authority to execute this Agreement; and
(iii) that they have not sold, assigned, transferred, conveyed or otherwise
disposed of any claim, demand, cause of action, obligation, damage or liability
covered in this Agreement.

      13. This and any documents relating to it may be executed and transmitted
to any other party by telefacsimile, which telefacsimile shall be deemed to be,
and utilized in all respects as, an original, wet-inked document.

                                       3
<PAGE>

      14. Except as set forth herein, the parties hereto acknowledge that they
have relied solely upon their own judgment, belief and knowledge of the
existence, nature and extent of each claim, demand, or cause of action that each
party may have against the other, and that each such party has not been
influenced to any extent in entering into this Agreement by any representation
or statement regarding any such claim, demand, or cause of action made by any
other party hereto.

      15. All parties hereto shall bear their own attorneys' fees, expenses, and
costs incurred in connection with the disputes between the parties hereto and in
the preparation of this Agreement. In the event of any action or proceeding
brought by any party against another based on or under this Agreement, the
prevailing party(s) shall be entitled to recover attorneys' fees necessarily and
actually incurred by said party(s) in such action or proceeding, including costs
of appeal, if any, in such amount as the court of competent jurisdiction
adjudging said matter may determine.

      16. The parties agree that they will execute any and all additional
documents and take all additional steps and perform such additional acts as may
be necessary or appropriate to consummate this settlement and accomplish the
purposes thereof.

      17. The Debtor Parties shall cause appropriate notice of this Agreement to
be given to parties entitled to such notice under the United States Bankruptcy
Code and Rules and pursuant to Bankruptcy Court Order.

      18. Nothing set forth or contained in this Agreement or in the
negotiations and communications leading to its completion shall be construed or
used by any one as admissions against the interest of any of the parties hereto.
Except to enforce, collect upon and/or to seek judicial interpretation
(collectively "Enforce") of this Agreement, the terms of this Agreement
including, without limitation, the recitals, representations and releases made
by any party shall have no force or effect and will not be binding upon,
enforceable against or deemed an admission or acknowledgment of any fact by any
party except upon this Agreement becoming effective and then only in completion
of the actions contemplated in this Agreement. This Agreement shall not be
admissible as evidence in any action or proceeding except one to enforce this
Agreement, or to carry forward the actions contemplated herein.

      19. This Agreement may be executed in any number of original, fax, or
copied counterparts, and all counterparts shall be considered together as one
agreement. A faxed or copied counterpart shall have the same force and effect as
an original signed counterpart. Each of the parties hereby expressly forever
waives any and all rights to raise the use of a fax machine to deliver a
signature, or the fact that any signature or agreement or instrument was
transmitted or communicated through the use of a fax machine, as a defense to
the formation of a contract.

      20. Each of the parties to this Agreement expressly warrants and
represents that it is the sole and lawful owner of all right, title, and
interest in and to every claim and other matter which it purports to release
herein, and it has not assigned or transferred, or purported to assign or
transfer to any person or entity any claims or other matters herein released.

      21. The provisions of this Agreement shall be binding upon and inure to
the benefit of the respective parties and their heirs, beneficiaries, devisees,
trustees, executors, administrators, agents, representatives, successors and
assigns.

      22. Should any dispute or issue, including to Enforce this Agreement,
arise regarding this Agreement, the Bankruptcy Court shall have exclusive
jurisdiction to determine any such disputes or issues arising under or which
invoke Bankruptcy Law.

                                       4
<PAGE>

      23. If any provision of this Agreement is determined by a court of
competent jurisdiction to be invalid or illegal, the remaining provisions of
this Agreement shall remain effective and enforceable unless the invalidated
provisions are material or necessary to effectuate the purposes and essence of
this Agreement.

      24. Time is of the essence with respect to performance of the terms of
this Agreement.

      25. This Agreement is made by the parties solely for the benefit of
themselves and the other persons and entities affiliated with one or more
parties who are described in this Agreement. No other person or entity may claim
any rights or benefits under this Agreement, and no third party benefits are
conferred by or arise from the provisions of this Agreement.

IN WITNESS  WHEREOF,  the Parties have hereunto set their hands the day and year
first above written.

      CITY OF KINGMAN, KANSAS
      ("First Party")
      By:
         ----------------------------------

      COMPOSITE TECHNOLOGY CORPORATION,
      a Nevada Corporation ("Second Party")

      By:
         ----------------------------------
             Benton Wilcoxon, CEO

APPROVED AS TO FORM:

PFEIFER & REYNOLDS LLP

--------------------------------------------------------------
Michael R. Pfeifer
Libby Wong
Attorneys for City of Kingman, Kansas, a Municipal Corporation

SHULMAN HODGES & BASTIAN LLP

-------------------------------------------------
Leonard M. Shulman
Mark Bradshaw
Attorneys for the Debtor and Debtor in Possession
Composite Technology Corporation

                                       5Leonard M. Shulman - Bar No. 126349
Mark Bradshaw - Bar No. 192540
SHULMAN HODGES & BASTIAN LLP
26632 Towne Centre Drive, Suite 300
Foothill Ranch, California 92610-2808
Telephone:      (949) 340-3400
Facsimile:      (949) 340-3000

General Counsel for the Debtor and Debtor in Possession
Composite Technology Corporation, a Nevada corporation

                         UNITED STATES BANKRUPTCY COURT

               CENTRAL DISTRICT OF CALIFORNIA, SANTA ANA DIVISION

In re                                    Case No.  SA 05-13107 JR

COMPOSITE TECHNOLOGY CORPORATION,        Chapter  11
a Nevada corporation,

                                         STIPULATION RESOLVING CLAIM
                                         ASSERTED BY RICHARD O. WEED
Debtor.                                  (CLAIM NO. 133)AND TAKING HEARING ON
                                         CLAIM OBJECTION MOTION OFF CALENDAR;
                                         AND ORDER THEREON

                                         Date:    October 25, 2005
                                         Time:    2:30 P.M.
                                         Place:   Courtroom 5A
                                                  Ronald Reagan Federal Building
                                                  and United States Courthouse
                                                  411 West Fourth Street
                                                  Santa Ana, California 92701
-------------------------------------

         TO THE HONORABLE JOHN E. RYAN, UNITED STATES BANKRUPTCY JUDGE:

      Composite Technology Corporation, a Nevada corporation ("Debtor") and
Richard O. Weed, hereby agree and stipulate based on the following recitals.

                                       1
<PAGE>

                                   RECITALS

      A. The Debtor filed a voluntary petition for relief under Chapter 11 of
Title 11 of the United States Bankruptcy Code on May 5, 2005 (the "Petition
Date"). The Debtor is continuing in the operation and management of its business
pursuant to Bankruptcy Code Sections 1107 and 1108.

      B. The Debtor's Stock is traded on the Over-The-Counter Bulletin Board
under the symbol "CPTCQ."

      C. On or about August 9, 2005, Richard O. Weed ("Weed") filed an alleged
unsecured claim in this case in the amount of $666,500 ("Weed Claim"), which was
assigned Claim No. 133 by the Court. A true and correct copy of the Weed Claim
is attached hereto as Exhibit A.

      D. The face of the Weed Claim indicates that it is based on the claimant's
status as an option holder.

      E. Attached to the Weed Claim is a Written Consent to Action by The Board
of Directors Without Meeting dated February 20, 2002 ("Resolution") which
describes a fee agreement dated January 14, 2002 between the Debtor and Weed for
the performance of services ("Fee Agreement"). Pursuant to the Fee Agreement,
Weed was granted stock options as described in the Resolution

      F. On September 26, 2005, the Debtor filed its Motion Objecting to Claim
No. 133 Filed by Richard O. Weed ("Objection") which is scheduled for hearing on
October 25, 2005 at 2:30 P.M. The Debtor has objected to the Weed Claim on
grounds including, but not limited to, that Weed has failed to provide
sufficient documentation to substantiate that he is owed $666,500.

      G. In the Objection, the Debtor has requested that Weed Claim be
reclassified as a proof of an option holder interest as follows: 50,000 options
at an exercise price of $1.75, and 100,000 options at an exercise price of $2.00

                                       2
<PAGE>

      H. In order to eliminate the need for costly litigation of the Weed Claim,
the Debtor and Weed desire to settle and resolve any and all disputes, claims,
actions, causes of action, demands and damages regarding the Weed Claim.

                                  AGREEMENT

      WHEREFORE, the Debtor and Weed (collectively the "Parties") agree that it
is in their mutual best interests to resolve any and all potential disputes
regarding the Weed Claim, in consideration of the promises, the mutual
obligations and undertakings set forth hereunder, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
the Parties, the Parties hereto agree as follows:

      1. Recitals. The recitals set forth above are incorporated herein to
describe the context in which this Agreement is made, and to provide information
respecting the Parties' disputes and transactions and litigation, including by
an illustrative but not complete description of events and allegations that
reflect the divergent positions of the Parties hereto in the foregoing matters.
Neither the recitals, nor any other provisions of this Agreement, are or should
be construed or interpreted to be concessions, admissions, or used as evidence
for any purpose either for or against the interest of any of the Parties hereto,
consistent with Evidence Code Section 1152

      2. Allowance of the Weed Claim. The Weed Claim shall be reclassified as a
proof of an option holder interest as follows: 50,000 options at an exercise
price of $1.75, and 100,000 options at an exercise price of $2.00 (collectively
the "Options"). The deadline for exercising the Options shall be December 31,
2006.

      3. Representations or Warranties Relating to the Weed Claim. Weed
represents that it he is the owner of the Weed Claim and has not previously
assigned or transferred to any other person his rights in the Weed Claim.

      4. Waiver of Claims Against the Estate. Except for as provided by this
Agreement, Weed waives any and all claims against the Estate, including the Weed
Claim, any other filed proofs of claim or informal claims, and agrees that he is
not entitled to share in any distribution from the Estate other than as provided
by this Agreement.

                                       3
<PAGE>

      5. Reliance. Except as set forth herein, the Parties hereto acknowledge
that they have relied solely upon their own judgment, belief and knowledge of
the existence, nature and extent of each claim, demand, or cause of action that
each party may have against the other, and that each such party has not been
influenced to any extent in entering into this Agreement by any representation
or statement regarding any such claim, demand or cause of action made by any
other party hereto.

      6. Attorneys' Fees and Costs. All Parties hereto shall bear their own
attorneys' fees, expenses, and costs incurred in connection with the disputes
between the Parties hereto and in the preparation of this Agreement. In the
event of any action or proceeding brought by either party against the other
under this Agreement, the prevailing party shall be entitled to recover for the
fees of its attorneys in such action or proceeding, including costs of appeal,
if any, in such amount as the court may adjudge reasonable as attorneys' fees.

      7. Execution of Additional Documents. The Parties agree that they will
execute any and all additional documents and take all additional steps which may
be necessary or convenient to consummate this settlement and accomplish the
purposes thereof.

      8. Integration of Entire Agreement. This Agreement contains the entire
agreement of the Parties, and no representations, warranties, inducements or
promises not included herein by express provision or contained in a document or
instrument identified herein and executed contemporaneously herewith shall be
binding on any party hereto.

      9. Provisions Severable. It is the belief of the parties that this
Agreement does not contain any provision contrary to law. However, if any
provision of this Agreement, or portion thereof, shall be determined to be
illegal, invalid, or unenforceable, that provision (or portion thereof) shall be
severed and the remaining parts shall be valid and enforceable, so long as the
remaining parts continue to fulfill the original intent of the parties and there
is no material failure of consideration.

      10. Authority to Sign. Each individual executing this Agreement on behalf
of a corporation, partnership or other entity represents that he or she is duly
authorized to execute and deliver this Agreement on behalf of the corporation,
partnership or entity and agrees to deliver evidence of his or her authority and
power if requested by the other party.

                                       4
<PAGE>

      11. Bankruptcy Court Approval. This Agreement is subject to approval by
the United States Bankruptcy Court, Central District of California, Santa Ana
Division and entry of a Final Order and termination of any appeals related
thereto in the Debtor's bankruptcy case. In the event the Bankruptcy Court does
not approve this Agreement, all claims will be restored as originally asserted
by and between the Parties, subject to any and all defenses and counter-claims
held by the Parties.

      12. Counterparts. This Agreement may be executed in any number of
original, fax or copied counterparts, and all counterparts shall be considered
together as one agreement. A faxed or copied counterpart shall have the same
force and effect as an original signed counterpart. Each of the Parties hereby
expressly forever waives any and all rights to raise the use of a fax machine to
deliver a signature, or the fact that any signature or agreement or instrument
was transmitted or communicated through the use of a fax machine, as a defense
to the formation of a contract.

      13. Binding. This Stipulation shall be binding on the Parties hereto when
each such Party has executed at least one counterpart.

      14. Ownership of Claims. Each of the Parties to this agreement expressly
warrants and represents that it is the sole and lawful owner of all right, title
and interest in and to every claim and other matter which it purports to release
herein, and it has not assigned or transferred, or purported to assign or
transfer to any person or entity any claims or other matters herein released.

      15. Successors and Assigns. The provisions of this Agreement shall be
binding upon and inure to the benefit of the respective Parties and their heirs,
executors, administrators, agents, representatives, successors and assigns.

      16. Governing Law. This Agreement is to be governed by and construed in
accordance with federal bankruptcy law, to the extent applicable, and where
state law is implicated, the laws of the State of California shall govern.

                                       5
<PAGE>

      17. Jurisdiction of the Bankruptcy Court. Should any dispute arise
regarding this Agreement, the United States Bankruptcy Court for the Central
District of California, Santa Ana Division shall have exclusive jurisdiction to
determine the same.

      18. Headings. The headings of all sections of this Agreement are inserted
solely for the convenience of reference and are not a part of and are not
intended to govern, limit or aid in the construction or interpretation of any
term or provision hereof.

      19. Hearing on Objection Taken Off Calendar. The hearing on the Debtor's
Objection to the Weed Claim scheduled for October 25, 2005 at 2:30 P.M. shall be
taken off calendar.

Dated: September 30, 2005
                               -------------------------------------------
                               Richard O. Weed

Dated: September 30, 2005      COMPOSITE TECHNOLOGY CORPORATION, a Nevada
                               corporation

                               -------------------------------------------
                               Benton H Wilcoxon,
                               Chief Executive Officer

APPROVED AS TO FORM.

Dated: September 30, 2005      SHULMAN HODGES & BASTIAN LLP

                               -------------------------------------------
                               Leonard M. Shulman
                               Mark Bradshaw
                               Attorneys for the Debtor and Debtor in Possession
                               Composite Technology Corporation

                                      ORDER

      IT IS SO ORDERED.

Dated:
                               -------------------------------------------
                               JOHN E. RYAN
                               UNITED STATES BANKRUPTCY JUDGE

                                       6
<PAGE>

                               PROOF OF SERVICE

STATE OF CALIFORNIA, COUNTY OF ORANGE

I am employed in the City of Foothill Ranch, County of Orange, State of
California. I am over the age of 18 years and not a party to the within action.
My business address is 26632 Towne Centre, Suite 300, Foothill Ranch, California
92610.

On October ___, 2005, I served the documents named below on the parties as
follows:

DOCUMENT(S) SERVED:     STIPULATION RESOLVING CLAIM ASSERTED BY RICHARD O. WEED
                        (CLAIM NO. 133) AND TAKING HEARING ON CLAIM OBJECTION
                        MOTION OFF CALENDAR; AND ORDER THEREON

SERVED UPON:            SEE THE ATTACHED SERVICE LIST

|X|   (BY MAIL) I caused each such envelope, with postage thereon fully prepaid,
      to be placed in the United States mail at Foothill Ranch, California. I am
      readily familiar with the practice of Shulman Hodges & Bastian LLP for
      collection and processing of correspondence for mailing, said practice
      being that in the ordinary course of business, mail is deposited in the
      United States Postal Service the same day as it is placed for collection.
      I am aware that on motion of party served, service is presumed invalid if
      postal cancellation date or postage meter date is more than one day after
      date of deposit for mailing in affidavit.

|_|   (BY FACSIMILE) Pursuant to C.R.C. 2009(i), I either caused, or had someone
      cause, the transmitting machine to properly transmit the attached
      documents to the facsimile numbers shown on the service list. The
      above-referenced document was transmitted by facsimile transmission and
      the transmission was reported as completed and without error.

|_|   (BY FEDERAL EXPRESS OR OVERNITE EXPRESS) I am readily familiar with the
      practice of Shulman Hodges & Bastian LLP for collection and processing of
      documents for overnight delivery and know that the document(s) described
      herein will be deposited in a box or other facility regularly maintained
      by such overnight delivery company for overnight delivery.

|_|   (BY PERSONAL SERVICE) I delivered to an authorized courier or driver
      authorized by ASAP Corporate Service to receive documents to be delivered
      on the same date. A proof of service signed by the authorized courier will
      be filed forthwith.

|_|   (STATE) I declare under penalty of perjury under the laws of the State of
      California that the above is true and correct.

|X|   (FEDERAL) I declare that I am employed in the office of a member of the
      bar of this court, at whose direction this service was made.

Executed on October ____, 2005, at Foothill Ranch, California.

                               -------------------------------------------
                               Lorre E. Clapp

<PAGE>

                                 SERVICE LIST
                                 ------------

Interested Party
----------------
Michael Hauser, Esq.
Office of the United States Trustee
Ronald Reagan Federal Building
and United States Courthouse
411 West Fourth Street Suite 9041
Santa Ana, CA 92701-8000

Debtor
------
Composite Technology Corporation
Attn C William Arrington, St VP
2026 McGaw Ave
Irvine, CA 92614

Attorneys for the Unsecured Creditors Committee
-----------------------------------------------
Mike D. Neue, Esq.
Irell & Manella LLP
840 Newport Center Drive, Suite 400
Newport Beach, CA  92660-6324

Claimant
--------
Richard O. Weed
4695 MacArthur Court #1430
Newport Beach, CA 92660

<PAGE>

--------------------------------------------------------------------------------
In re                      (SHORT TITLE)                CHAPTER 11 CASE NUMBER:

COMPOSITE TECHNOLOGY CORPORATION,                       SA 05-13107 JR
a Nevada corporation,

Debtor.
--------------------------------------------------------------------------------

                      NOTICE OF ENTRY OF JUDGMENT OR ORDER
                           AND CERTIFICATE OF MAILING

TO ALL PARTIES IN INTEREST ON THE ATTACHED SERVICE LIST:

1.    You are hereby notified, pursuant to Local Bankruptcy Rule
      9021-1(a)(1)(E), that a judgment or order entitled (specify):

      STIPULATION RESOLVING CLAIMS ASSERTED BY RICHARD O. WEED (CLAIM NO. 133)
      AND TAKING HEARING ON CLAIM OBJECTION MOTION OFF CALENDAR; AND ORDER
      THEREON

      was entered on (specify date): __________________________.

2.    I hereby certify that I mailed a copy of this notice and a true copy of
      the order or judgment to the persons and entities on the attached service
      list on (specify date): __________________________.

Dated:                                 JON D. CERETTO
                                       CLERK OF THE BANKRUPTCY COURT

                                       By: ____________________________________
                                                       Deputy Clerk

--------------------------------------------------------------------------------

<PAGE>

                                  SERVICE LIST

Interested Party
----------------
Michael Hauser, Esq.
Office of the United States Trustee
Ronald Reagan Federal Building
and United States Courthouse
411 West Fourth Street Suite 9041
Santa Ana, CA 92701-8000

Debtor
------
Composite Technology Corporation
Attn C William Arrington, St VP
2026 McGaw Ave
Irvine, CA 92614

Attorneys for the Debtor
------------------------
Mark Bradshaw, Esq.
Shulman Hodges & Bastian LLP
26632 Towne Center Drive Suite 300
Foothill Ranch, CA 92610

Attorneys for the Unsecured Creditors Committee
-----------------------------------------------
Mike D. Neue, Esq.
Irell & Manella LLP
840 Newport Center Drive, Suite 400
Newport Beach, CA  92660-6324

Claimant
--------
Richard O. Weed
4695 MacArthur Court #1430
Newport Beach, CA 92660

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