Document:

Final
Execution Version

    

    CONVEYANCE AND CONTRIBUTION
AGREEMENT

    

    This
CONVEYANCE AND CONTRIBUTION AGREEMENT (the “Agreement”) dated as
of October 6, 2008 (the “Effective Date”), is
entered into by and among Higher Power Energy, LLC, a Texas limited liability
company (“Higher
Power”), Perpetual Energy Ltd., a United Kingdom private limited company
(“Perpetual”),
Higher Perpetual Energy, LLC, a Texas limited liability company (“Higher Perpetual”),
DeWind SWI Wind Farms, LLC, a Delaware limited liability company (“Company”),
LittlePringle1, LLC, a Delaware limited liability company (“LP1 Sub”),
LittlePringle2, LLC, a Delaware limited liability company (“LP2 Sub”),
BigPringle, LLC, a Delaware limited liability company (“Big Pringle Sub”),
PD1, LLC, a Delaware limited liability company (“PD1 Sub”), DeWind
Energy Development Company, LLC, a Nevada limited liability company (“DeWind”), and DeWind,
Inc., a Nevada corporation (“DeWind,
Inc.”).

     

    RECITALS

     

    WHEREAS,
DeWind, Inc., is the sole member of DeWind;

     

    WHEREAS,
DeWind and Higher Perpetual have hereto formed the Company pursuant to the
limited liability company agreement between such parties dated on or about the
Effective Date (the “LLC Agreement”) for
the purpose of serving as the sole initial holder of 100% of the limited
liability company interest in each of LP1 Sub, LP2 Sub, Big Pringle Sub and PD1
Sub (each, a “Sub”, and
collectively, the “Subs”);

     

    WHEREAS,
Higher Power and Perpetual have hereto formed Higher Perpetual pursuant to the
company agreement of Higher Perpetual, dated as of July 27, 2007, by Higher
Power and Perpetual;

     

    WHEREAS,
the Company has established the Subs for the purpose of erecting, owning and
operating Wind Farms;

     

    WHEREAS,
Higher Power and its Affiliates hold the rights to the Assets and Leases and the
Tax Abatement Agreement I and the Tax Abatement Agreement II, and Higher Power
wishes to assign and cause the assignment of the Assets and Leases and the Tax
Abatement Agreement I and the Tax Abatement Agreement II to the Subs as set
forth herein on behalf of the Company and on behalf of Higher Perpetual and
Perpetual wishes to assign to the Company cash on behalf of Higher Perpetual as
a contribution by Higher Perpetual to the capital of the Company;

     

    WHEREAS,
DeWind, Inc., on behalf of DeWind, wishes to contribute a portion of the DW
Contribution to the Subs as set forth herein on behalf of the Company and
balance of the DW Contribution to the Company as set forth herein as a
contribution by DeWind to the capital of the Company; and

     

    WHEREAS,
no later than the Effective Date, Higher Power, on behalf of the Company and
Higher Perpetual as noted above, will execute and deliver to the applicable Sub
a Lease Assignment assigning the Leases applicable to each such Sub, and cause
the delivery of the Tax Abatement Assignment I and Pringle Wind I Assignment to
the LP1 Sub, and cause the delivery of the Tax Abatement Assignment II and
Pringle Wind II Assignment to the LP2 Sub;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    NOW,
THEREFORE, in consideration of the foregoing, the mutual promises and agreements
hereinafter contained and other good and valuable consideration, the receipt and
sufficiency of which the parties hereto hereby acknowledge, the undersigned
hereby agree as follows:

     

    ARTICLE  1: 
Definitions and
Interpretation

     

    1.1           Definitions.  Unless
otherwise defined herein, all capitalized terms have the meanings assigned
thereto in the LLC Agreement.  The following capitalized terms shall
have the meanings given below:

     

    (a)    
      “Affiliate” means with
respect to any Person, any other Person Controlling, Controlled by, or under
common Control with that first Person.  Notwithstanding the foregoing,
neither (i) the Company nor the Subs shall be considered an Affiliate of DeWind
or Higher Perpetual, nor (ii) Perpetual or Higher Perpetual shall be considered
an Affiliate of Higher Power, for purposes of this Agreement.

     

    (b)          
“Agreement” has
the meaning set forth in the preamble hereto, and includes the preamble,
recitals and exhibits hereto.

     

    (c)        
  “Assets” means
collectively the LP1 Assets, LP2 Assets, Big Pringle Assets and PD1
Assets.

     

    (d)         
 “Big Pringle
Assets” means the items set forth in section 1 of Exhibit A hereto and
any and all other Wind Resource Data, Books and Records, Contracts, Permits,
Reports and any other properties, assets and rights of any kind, whether
tangible or intangible, real or personal, owned or hereafter acquired by Higher
Power or its Affiliates and which are related to the Big Pringle Leases or the
Wind Farm to be developed on the real estate subject to the Big Pringle Leases,
including any and all communications, correspondence, and business dealings
regarding the Big Pringle Assets, sent by Higher Power, Higher Perpetual or
Perpetual to the Company, DeWind or DeWind, Inc., or their respective agents or
representatives.

     

    (e)         
 “Big Pringle
Assignment” means the Assignment and Assumption Agreement between Higher
Power and the Big Pringle Sub dated on or about the Effective Date under which
Higher Power assigns the Big Pringle Leases to the Big Pringle Sub.

     

    (f)          
 “Big Pringle
Leases” means the leases and options set forth in Exhibit A to the Big
Pringle Assignment.

     

    (g)         
 “Big Pringle
Sub” has the meaning set forth in the preamble hereto.

     

    (h)          
“Books and
Records” means any and all data, reports, external, non-attorney
privileged correspondence, maps, surveys and other business
records.

     

    
      
         

      

      
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    (i)           
“Commissioners
Court” means the Commissioners Court of Hutchinson County,
Texas.

     

    (j)          
 “Company”
has the meaning set forth in the preamble hereto.

     

    (k)           “Contracts” means any
agreements, whether written or oral, entered into by Higher Power or its
Affiliates, including any interconnection agreements.

     

    (l)           
“Control”,
“Controlling”,
or “Controlled”
means the possession, directly or indirectly and whether acting alone or in
conjunction with others, of the authority to direct or cause the direction of
the management or policies of a Person, whether through the ownership of voting
securities, by contract, or otherwise.

     

    (m)          “DeWind” has the
meaning set forth in the preamble hereto.

     

    (n)       
   “DeWind, Inc.” has the
meaning set forth in the preamble hereto.

     

    (o)      
    “DW Contribution”
means the purchase orders and related rights described on Exhibit B hereto and
any other properties, assets and rights of any kind, whether tangible or
intangible, real or personal, owned or hereafter acquired by DeWind or its
Affiliates and which are related to such assets, the contribution to the Company
of $870,000 described in Section 2.4(b) and
its agreement to contribute cash in the amount of, or property valued at,
$1,184,122.

     

    (p)          “Effective Date” has
the meaning set forth in the preamble hereto.

     

    (q)        
  “Governmental
Authority” means any federal, state, local or other governmental,
judicial, public or statutory instrumentality, tribunal, agency, authority, body
or entity, or any political subdivision thereof having legal jurisdiction over
the matter or Person in question.

     

    (r)        
   “Guidelines” means the
Guidelines and Criteria of the Commissioners Court of Hutchinson County, Texas,
for Granting Tax Abatement in Reinvestment Zones Created in Hutchinson County,
Texas, adopted by the Commissioners Court.

     

    (s)           “Higher Perpetual” has
the meaning set forth in the preamble hereto.

     

    (t)       
    “Higher Power” has the
meaning set forth in the preamble hereto.

     

    (u)     
     “Laws” means any and
all laws, statutes, ordinances, rules or regulations promulgated by a
Governmental Authority, orders of a Governmental Authority, judicial decisions,
decisions of arbitrators or determinations of any Governmental Authority or
court.

     

    (v)      
    “Lease Assignments”
means collectively the LP1 Assignment, LP2 Assignment, Big Pringle Assignment
and PD1 Assignment, and “Lease Assignment”
means any of such Lease Assignments individually.

     

    
      
         

      

      
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    (w)          “Leases” means
collectively the LP1 Leases, LP2 Leases, Big Pringle Leases and PD1 Leases, and
“Lease” means
any of such Leases individually.

     

    (x)           “LLC Agreement” has
the meaning set forth in the recitals hereto.

     

    (y)           “LP1 Assets” means the
items set forth in section 2 of Exhibit A hereto and
any and all other Wind Resource Data, Books and Records, Contracts, Permits,
Reports and any other properties, assets and rights of any kind, whether
tangible or intangible, real or personal, owned or hereafter acquired by Higher
Power or its Affiliates and which are related to the LP1 Leases or the Wind Farm
to be developed on the real estate subject to the LP1 Leases, including any and
all communications, correspondence, and business dealings regarding the LP1
Assets, sent by Higher Power, Higher Perpetual or Perpetual to the Company,
DeWind or DeWind, Inc., or their respective agents or
representatives.

     

    (z)           “LP1 Assignment” means
the Assignment and Assumption Agreement between Higher Power and the LP1 Sub
dated on or about the Effective Date under which Higher Power assigns the LP1
Leases to the LP1 Sub.

     

    (aa)         “LP1 Leases” means the
leases and options set forth in Exhibit A to the LP1
Assignment.

     

    (bb)        “LP1 Sub” has the
meaning set forth in the preamble hereto.

     

    (cc)         “LP2 Assets” means the
items set forth in section 3 of Exhibit A hereto and
any and all other Wind Resource Data, Books and Records, Contracts, Permits,
Reports and any other properties, assets and rights of any kind, whether
tangible or intangible, real or personal, owned or hereafter acquired by Higher
Power or its Affiliates and which are related to the LP2 Leases or the Wind Farm
to be developed on the real estate subject to the LP2 Leases, including any and
all communications, correspondence, and business dealings regarding the LP2
Assets, sent by Higher Power, Higher Perpetual or Perpetual to the Company,
DeWind or DeWind, Inc., or their respective agents or
representatives.

     

    (dd)        “LP2 Assignment” means
the Assignment and Assumption Agreement between Higher Power and the LP2 Sub
dated on or about the Effective Date under which Higher Power assigns the LP2
Leases to the LP2 Sub.

     

    (ee)         “LP2 Leases” means the
leases and options set forth in Exhibit A to the LP2
Assignment.

     

    (ff)          “LP2 Sub” has the
meaning set forth in the preamble hereto.

     

    (gg)           “PD1 Assets” means the
items set forth in section 4 of Exhibit A hereto and
any and all other Wind Resource Data, Books and Records, Contracts, Permits,
Reports and any other properties, assets and rights of any kind, whether
tangible or intangible, real or personal, owned or hereafter acquired by Higher
Power or its Affiliates and which are related to the PD1 Leases or the Wind Farm
to be developed on the real estate subject to the PD1 Leases, including any and
all communications, correspondence, and business dealings regarding the PD1
Assets, sent by Higher Power, Higher Perpetual or Perpetual to the Company,
DeWind or DeWind, Inc., or their respective agents or
representatives.

     

    
      
         

      

      
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    (hh)        “PD1 Assignment” means
the Assignment and Assumption Agreement between Higher Power and the PD1 Sub
dated on or about the Effective Date under which Higher Power assigns the PD1
Leases to the PD1 Sub.

     

    (ii)           “PD1 Leases” means the
leases and options set forth in Exhibit A to the PD1
Assignment.

     

    (jj)           “PD1 Sub” has the
meaning set forth in the preamble hereto.

     

    (kk)         “Permits” means (i)
all licenses, consents, certificates (including permanent unconditional
certificates of occupancy), approvals, permits and any authorizations or any
sort whatsoever by or from any Governmental Authority, including any
certificates of need, provider numbers and accreditation, and (ii) any
applications filed or pending for the foregoing, including interconnection
applications.

     

    (ll)           “Perpetual” has the
meaning set forth in the preamble hereto.

     

    (mm)       “Person” means any
individual, corporation, company, voluntary association, partnership, joint
venture, trust, unincorporated organization or any Governmental
Authority.

     

    (nn)        “Pringle Wind I” means
Pringle Wind I, LLC, a Texas limited liability company.

     

    (oo)        “Pringle Wind I
Assignment” means the Assignment Agreement between Pringle Wind I and LP2
Sub, dated on or about the Effective Date, under which Pringle Wind I assigns
all of its rights under the LP2 Assets to the LP2 Sub.

     

    (pp)        “Pringle Wind II”
means Pringle Wind II, LLC, a Texas limited liability company.

     

    (qq)        “Pringle Wind II
Assignment” means the Assignment Agreement between Pringle Wind II and
LP1 Sub, dated on or about the Effective Date, under which Pringle Wind II
assigns all of its rights under the LP1 Assets to the LP1 Sub.

     

    (rr)          “Reports” means any
and all reports and studies prepared by or for Higher Power or its
Affiliates.

     

    (ss)         “Subs” has the meaning
set forth in the recitals hereto.

     

    (tt)          “Tax Abatement Agreement
I” means the tax abatement agreement dated August 25, 2008, between
Hutchinson County, Texas, acting through the Commissioners Court, and Pringle
Wind I, LLC.

     

    
      
         

      

      
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    (uu)        “Tax Abatement Agreement
II” means the tax abatement agreement dated August 25, 2008, between
Hutchinson County, Texas, acting through the Commissioners Court, and Pringle
Wind II, LLC.

     

    (vv)        “Tax Abatement Assignment
I” means the Assignment and Assumption Agreement between Pringle Wind I
and the LP2 Sub and to be acknowledged and to be consented to by Hutchinson
County, Texas, acting through the Commissioners Court, expected no later than 60
days after the Effective Date, under which Pringle Wind I assigns all of its
rights under the Tax Abatement Agreement I to the LP2 Sub.

     

    (ww)       “Tax Abatement Assignment
II” means the Assignment and Assumption Agreement between Pringle Wind II
and the LP1 Sub and to be acknowledged and to be consented to by Hutchinson
County, Texas, acting through the Commissioners Court, expected no later than 60
days after the Effective Date under which Pringle Wind II assigns all of its
rights under the Tax Abatement Agreement II to the LP1 Sub.

     

    (xx)         
“Wind Resource
Data” means any and all wind data obtained by Higher Power or its
Affiliates.

     

    1.2           Interpretation.  Unless
otherwise expressly provided or unless required by the context in which any term
appears:

     

    (a)           the
singular shall include the plural and the plural shall include the
singular;

     

    (b)           references
to “Articles”,
“Sections” or
“Exhibits”
shall be to articles, sections or exhibits of this Agreement;

     

    (c)           the
words “herein”,
“hereof” and
“hereunder”
shall refer to this Agreement as a whole and not to any particular section or
subsection of this Agreement;

     

    (d)           references
to any agreement, document or instrument shall mean a reference to such
agreement, document or instrument as the same may be amended, modified,
supplemented or replaced from time to time;

     

    (e)           the
use of the word “including” in this
Agreement to refer to specific examples shall be construed to mean “including,
without limitation” or “including but not limited to” and shall not be construed
to mean that the examples given are an exclusive list of the topics covered;
and

     

    (f)           references
to all applicable Laws shall mean a reference to such applicable Laws as the
same may be amended, modified, supplemented or restated and be in effect from
time to time, including rules and regulations promulgated
thereunder.

     

    ARTICLE  2:  Contributions and
Consideration

     

    2.1           Higher Power’s
Contribution.  Higher Power, on behalf of Higher Perpetual as a
capital contribution to the Company and on behalf of the Company as a capital
contribution to the appropriate Sub, hereby grants, contributes, bargains,
sells, conveys, assigns, transfers, sets over and delivers to:

     

    
      
         

      

      
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    (a)           the
LP1 Sub, its successors and assigns, for its and their own use forever, all
right, title and interest of Higher Power in and to the LP1 Assets and the LP1
Leases and shall deliver to the LP1 Sub the LP1 Assignment in exchange for the
consideration stated in Section 2.5 and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and the LP1 Sub hereby accepts the LP1 Assets and LP1 Leases on
behalf of the Company as a contribution to the capital of the Company, and the
Company hereby acknowledges such contribution as a contribution to the capital
of the Company;

     

    (b)           the
LP2 Sub, its successors and assigns, for its and their own use forever, all
right, title and interest of Higher Power in and to the LP2 Assets and the LP2
Leases and shall deliver to the LP2 Sub the LP2 Assignment in exchange for the
consideration stated in Section 2.5 and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and the LP2 Sub hereby accepts the LP2 Assets and the LP2 Leases
on behalf of the Company as a contribution to the capital of the Company, and
the Company hereby acknowledges such contribution as a contribution to the
capital of the Company;

     

    (c)           the
Big Pringle Sub, its successors and assigns, for its and their own use forever,
all right, title and interest of Higher Power in and to the Big Pringle Assets
and the Big Pringle Leases and shall deliver to the Big Pringle Sub the Big
Pringle Assignment in exchange for the consideration stated in Section 2.5 and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and the Big Pringle Sub hereby accepts the Big Pringle Assets and
Big Pringle Leases on behalf of the Company as a contribution to the capital of
the Company, and the Company hereby acknowledges such contribution as a
contribution to the capital of the Company; and

     

    (d)           the
PD1 Sub, its successors and assigns, for its and their own use forever, all
right, title and interest of Higher Power in and to the PD1 Assets and the PD1
Leases and shall deliver to the PD1 Sub the PD1 Assignment in exchange for the
consideration stated in Section 2.5 and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and the PD1 Sub hereby accepts the PD1 Assets and PD1 Leases on
behalf of the Company as a contribution to the capital of the Company, and the
Company hereby acknowledges such contribution as a contribution to the capital
of the Company,

     

    and
Higher Perpetual and Perpetual hereby agree that they shall procure the grant,
contribution, bargain, sale, conveyance, assignment, transfer, set over and
delivery to be made by Higher Power as set forth in Sections 2.1 (a)
through (d)
above.  In furtherance of this Section 2.1, Higher
Power shall deliver the Lease Assignments to the Subs no later than the
Effective Date.

     

    2.2           Perpetual’s
Contribution.  Perpetual, on behalf of Higher Perpetual as a
capital contribution to the Company, hereby grants, contributes, bargains,
sells, conveys, assigns, transfers, sets over and delivers to the Company
$87,500.

     

    
      
         

      

      
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    2.3           Deliverables of Higher
Power’s Affiliates.  Higher Power shall cause:

     

    (a)           Pringle
Wind I to execute and deliver to the LP2 Sub (i) the Tax Abatement Assignment I,
and to use commercially reasonable efforts to cause the Tax Abatement Assignment
I to be duly executed and agreed to by the Commissioners Court, no later than 60
days after the Effective Date and (ii) the Pringle Wind I Assignment no later
than the Effective Date; and

     

    (b)           Pringle
Wind II to execute and deliver to the LP1 Sub (i) the Tax Abatement Assignment
II, and to use commercially reasonable efforts to cause the Tax Abatement
Assignment II to be duly executed and agreed to by the Commissioners Court, no
later than 60 days after the Effective Date and (ii) the Pringle Wind II
Assignment no later than the Effective Date.

     

    2.4           DeWind’s
Contribution.  DeWind, Inc., on behalf of DeWind as a capital
contribution to the Company and on behalf of the Company as a capital
contribution to the appropriate Sub, hereby grants, contributes, bargains,
sells, conveys, assigns, transfers, sets over and delivers to

     

    (a)           LP1
Sub, its successors and assigns, for its and their own use forever, that portion
of the DW Contribution designated on Exhibit B to be
contributed to LP1 Sub, subject to obtaining any necessary
consents;

     

    (b)           the
Company, its successors and assigns, for its and their own use forever, cash in
an amount valued at $870,000; and

     

    (c)           the
Company, its successors and assigns, for its and their own use forever, its
commitment to make the balance of the DW Contribution as and when the Management
Committee of the Company requests;

     

    in
exchange for the consideration stated in Section 2.6 and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and the Company hereby accepts the DW Contribution as a
contribution to the capital of the Company.

     

    2.5           Higher Perpetual’s
Consideration for Contributions.  In consideration for the
contribution of the Assets and Leases to the Subs on behalf of the Company and
the execution and delivery of the Lease Agreements, the Tax Abatement Assignment
I, the Tax Abatement Assignment II, the Pringle Wind I Assignment and Pringle
Wind II Assignment and the contribution by Perpetual pursuant to Section 2.2, the
Company hereby (a) issues, grants, contributes, bargains, sells, conveys,
transfers, sets over and delivers to Higher Perpetual an interest in the Company
as described in the LLC Agreement and (b) executes and delivers to Higher
Perpetual the Developer Agreement dated as of the Effective Date by and among
Perpetual, Higher Power, Higher Perpetual, the Company and DeWind.

     

    2.6           DeWind’s Consideration for
Contributions.  In consideration for the contribution of the DW
Contribution to LP1 Sub and the Company, the Company hereby issues, grants,
contributes, bargains, sells, conveys, transfers, sets over and delivers to
DeWind an interest in the Company as described in the LLC
Agreement.

     

    
      
         

      

      
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    2.7           Company’s Allocation of the
Initial Capital Contribution.  The Company shall allocate the
initial capital contributed to the Subs among the Subs and the Company in the
manner determined by unanimous consent of the Management Committee of the
Company.

     

    ARTICLE  3:  Representations and
Warranties

     

    3.1           Higher Power’s
Representations and Warranties.  Higher Power represents and
warrants to DeWind, the Company and each of the Subs as follows:

     

    (a)           Higher
Power and its Affiliates have good and marketable title to the Assets and Leases
free and clear of any liens, claims or other encumbrances, other than Permitted
Encumbrances (as defined in the Developer Agreement), and this Agreement, the
Lease Assignments, the Tax Abatement Assignment I, upon the consent of
Hutchinson County, Texas, acting through the Commissioners Court, the Tax
Abatement Assignment II, upon the consent of Hutchinson County, Texas, acting
through the Commissioners Court, the Pringle Wind I Assignment and Pringle Wind
II Assignment are effective to convey to the respective Subs the Assets and
Leases and all title and interest thereto.

     

    (b)           None
of Higher Power or any of its Affiliates has entered into any other contracts,
subleases (written or oral), licenses, or other agreements concerning a
conveyance of all rights, titles, interest, or privileges of Higher Power or any
of its Affiliates under any Lease.

     

    (c)           There
is no action, suit, proceeding, inquiry or investigation pending or threatened
by or before any court or Governmental Authority against Higher Power or any of
its Affiliates that would prevent or hinder the performance by Higher Power of
its obligations under this Agreement or the consummation of the transactions
contemplated hereby.

     

    (d)           None
of Higher Power or any of its Affiliates has received any written notice from
any Governmental Authority or quasigovernmental agency requiring the correction
of any condition with respect to the real estate subject to the Leases, or any
part thereof, by reason of a violation of any Law.  Higher Power shall
advise DeWind, the Company and the applicable Sub promptly of any such notice
received by Higher Power or any of its Affiliates of any such
violation.

     

    (e)           None
of Higher Power or any of its Affiliates is in default upon the terms of any
Lease.  No lessor of a Lease has accused Higher Power or any of its
Affiliates, orally or in writing, of being in default upon a
Lease.  Higher Power agrees to promptly notify DeWind, the Company and
the applicable Sub in the event Higher Power or any of its Affiliates is
accused, orally or in writing, of any default upon the terms and conditions of a
Lease.

     

    (f)           None
of Higher Power or any of its Affiliates has declared or accused any lessor of a
Lease of being in default.  Higher Power agrees to promptly notify
DeWind, the Company and the applicable Sub in the event Higher Power or any of
its Affiliates declares or accuses any lessor of a Lease as being in
default.

     

    
      
         

      

      
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    (g)           Higher
Power shall remain current and in compliance with all rents, payment
obligations, and duties required pursuant to each Lease until such time as
Higher Power’s rights and all rights of all Affiliates of Higher Power under a
Lease are conveyed to the applicable Sub.

     

    (h)          
Higher Power shall, at Higher Power’s expense, cure or cause the cure of any
event of Higher Power’s default and the default of any Affiliate of Higher Power
upon a Lease, provided such event of default arises prior to Higher Power’s
conveyance of such Lease and the conveyance of all the rights and interests of
any such Affiliate to the applicable Sub.

     

    (i)          
 Higher Power’s grant, contribution, bargain, sale, conveyance, assignment,
transfer, set over and delivery of an Asset or a Lease does not and will not
constitute a breach of Higher Power’s obligations under such Asset or Lease or
any other agreement.

     

    (j)          
 Pringle Wind I has duly executed and delivered the Tax Abatement Agreement
I in accordance with the Guidelines.

     

    (k)          
Pringle Wind II has duly executed and delivered the Tax Abatement Agreement II
in accordance with the Guidelines.

     

    3.2           Representations and
Warranties - All Parties.  Each party hereto represents and
warrants to each other party hereto as follows:

     

    (a)           Such
party hereto is duly organized and validly existing under the laws of its state
of incorporation or formation (as applicable).

     

    (b)           Such
party hereto is qualified to do business and is in good standing in the State of
Texas.

     

    (c)           Such
party hereto has full legal right, power and authority to enter into this
Agreement and to consummate the transactions contemplated herein.

     

    (d)           Each
of the Persons executing this Agreement on behalf of such party hereto is
authorized to do so.

     

    (e)           This
Agreement constitutes a legal, valid and binding obligation of such party
hereto, enforceable in accordance with its terms.

     

    3.3           Perpetual’s Representation
and Warranty.  Perpetual represents and warrants to DeWind, the
Company and each of the Subs that none of Perpetual or any of its Affiliates has
any right or interest in the Leases, Assets or any other property related to the
Wind Farms intended to be developed on the real estate subject to the
Leases.

     

    ARTICLE  4:  Title
Matters

     

    4.1           Subrogation.  The
contribution of Assets and Leases made under Section 2.1 is made
with full rights of substitution and subrogation of the Subs and all Persons
claiming by, through and under the applicable Sub to the extent assignable, in
and to all covenants and warranties by the predecessors-in-title of Higher Power
and its Affiliates, and with full subrogation of all rights accruing under
applicable statutes of limitation and all rights of action of warranty against
all former owners of the Assets and Leases other than predecessors in
title.

     

    
      
         

      

      
        - 10 -

        
          

        

      

      
         

      

    

     

    ARTICLE  5:  Further
Assurances

     

    5.1           Higher Power
Assurances.  From time to time after the Effective Date, and
without any further consideration, Higher Power shall (and shall cause its
Affiliates to) execute, acknowledge and deliver all such additional deeds,
assignments, conveyances, instruments, notices, releases, acquittances and other
documents, and will do all such other acts and things, all in accordance with
applicable Laws, as may be necessary or appropriate more fully to (i) assure
each Sub and its successors and assigns of all the properties, rights, titles,
interests, estates, remedies, powers and privileges by this Agreement granted to
each such Sub or intended so to be, and (ii) ensure all Leases presented by
Higher Power to the Subs in accordance with this Agreement are in a form in all
material respects that is reasonably acceptable to DeWind, the Company and the
applicable Sub.

     

    5.2           General
Assurances.  From time to time after the date hereof, and
without any further consideration, each party hereto shall (and in the case of
Higher Power and Perpetual shall cause its respective Affiliates to) execute,
acknowledge and deliver all such additional instruments, notices and other
documents, and will do all such other acts and things, all in accordance with
applicable Laws, as may be necessary or appropriate more fully and effectively
to carry out the purposes and intent of this Agreement.

     

    ARTICLE  6:  Limited Power of
Attorney

     

    6.1           Higher Power’s Grant of
Power of Attorney.  Higher Power hereby constitutes and
appoints the Company and each Sub as attorney-in-fact of each of Higher Power
and its Affiliates for it and in its name, place and stead, to execute and
deliver assignments, deeds and other documents regarding the Assets and Leases,
and to take actions regarding the Assets and Leases, as may be necessary for the
limited purpose of vesting in the Company and the Subs title to the Assets and
Leases as contemplated by this Agreement.  Notwithstanding the
foregoing, this limited power of attorney shall not confer any rights on any
Person regarding any property or other matter that is not the Assets and Leases
or is not intended to be conveyed to the Company or the Subs
hereunder.  Higher Power hereby declares that this appointment is
coupled with an interest and shall be irrevocable.

     

    ARTICLE  7:  Miscellaneous

     

    7.1           Costs.  The
Company shall pay all sales, use and similar taxes arising out of the
contributions, conveyances and deliveries to be made or to be caused to be made
hereunder by it and its Affiliates and shall pay all documentary, filing,
recording, transfer, deed and conveyance taxes and fees required in connection
therewith.

     

    7.2           Successors and
Assigns.  This Agreement shall be binding upon and inure to the
benefit of the parties signatory hereto and their respective successors and
assigns.

     

    
      
         

      

      
        - 11 -

        
          

        

      

      
         

      

    

     

    7.3           No Third Party
Rights.  The provisions of this Agreement are intended to bind
the parties hereto as to each other and are not intended to and do not create
rights in any other Person or confer upon any other Person any benefits, rights
or remedies and no Person is or is intended to be a third party beneficiary of
any of the provisions of this Agreement.

     

    7.4           Counterparts.  This
Agreement may be executed in any number of counterparts, all of which together
shall constitute one agreement binding the parties hereto.

     

    7.5           Governing
Law.  This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Texas applicable to contracts made and
to be performed wholly within such state without giving effect to conflict of
law principles thereof, except to the extent that it is mandatory that the law
of some other jurisdiction shall apply.

     

    7.6           Severability.  If
any of the provisions of this Agreement are held by any court of competent
jurisdiction to contravene, or to be invalid under, the Laws of any political
body having jurisdiction over the subject matter hereof, such contravention or
invalidity shall not invalidate the entire Agreement.  Instead, this
Agreement shall be construed as if it did not contain the particular provision
or provisions held to be invalid, and an equitable adjustment shall be made and
necessary provision added so as to give effect to the intention of the parties
as expressed in this Agreement at the time of execution of this
Agreement.

     

    7.7           Bill of Sale;
Assignment.  To the extent required by applicable law, this
Agreement shall also constitute a “bill of sale” or “assignment” of the Assets
and Leases.

     

    7.8           Amendment or
Modification.  This Agreement may be amended or modified from
time to time only by the written agreement of all the parties
hereto.

     

    7.9           Joint
Preparation.  The parties hereto have collectively prepared
this Agreement, and none of the provisions hereof shall be construed against one
party hereto on the ground that such party is the author of this Agreement or
any part hereof.

     

    7.10         Disputes.  Any
Dispute between any of the parties hereto or their Affiliates in relation to
this Agreement or the transactions contemplated hereby shall be settled in
accordance with Exhibit K to the Developer Agreement, provided that references
to “Parties” in such exhibit of the LLC Agreement shall be references to the
parties hereto.

     

    7.11         Entire
Agreement.  This Agreement and the Lease Assignments contain
the entire agreement of the parties hereto with respect to the subject matter
hereof, and supersedes any and all prior and contemporaneous written and oral
agreements, proposals, negotiations, understandings and representations
pertaining to the subject matter hereof.

     

    
      
         

      

      
        - 12 -

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as
of the Effective Date.

     

    
      
        
          
            
              
                
                  	
                          HIGHER
      POWER ENERGY, LLC

                        	 	
                          PERPETUAL
      ENERGY LTD

                        
	 
      	 	 
      
	 
      	 	 
      
	
                          /s/

                        	 	
                          /s/

                        
	
                          By:

                        	 	
                          By:

                        
	 
      	 	  
      
	
                           

                        	 	
                           

                        
	
                          Name:

                        	 	
                          Name:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Title:

                        	 	
                          Title:

                        

                

              

            

          

        

      

    

     

    
      
        
          
            
              
                
                  	
                          HIGHER
      PERPETUAL ENERGY, LLC

                        	 	
                          DEWIND
      SWI WIND FARMS, LLC

                        
	 
      	 	 
      
	 
      	 	 
      
	
                          /s/

                        	 	
                          /s/

                        
	
                          By:

                        	 	
                          By:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Name:

                        	 	
                          Name:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Title:

                        	 	
                          Title:

                        

                

              

            

          

        

      

    

     

    
      
        
          
            
              
                
                  	
                          LITTLEPRINGLE1,
      LLC

                        	 	
                          LITTLEPRINGLE2,
      LLC

                        
	 
      	 	 
      
	 
      	 	 
      
	
                          /s/

                        	 	
                          /s/

                        
	
                          By:

                        	 	
                          By:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Name:

                        	 	
                          Name:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Title:

                        	 	
                          Title:

                        

                

              

            

          

        

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                
                  	
                          BIGPRINGLE,
      LLC

                        	 	
                          PD1,
      LLC

                        
	 
      	 	 
      
	 
      	 	 
      
	
                          /s/

                        	 	
                          /s/

                        
	
                          By:

                        	 	
                          By:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Name:

                        	 	
                          Name:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Title:

                        	 	
                          Title:

                        

                

              

            

          

        

      

    

     

    
      
        
          
            
              
                
                  	
                          DEWIND
      ENERGY DEVELOPMENT

                          COMPANY,
      LLC

                        	 	
                          DEWIND,
      INC.

                        
	 
      	 	 
      
	 
      	 	 
      
	
                          /s/

                        	 	
                          /s/

                        
	
                          By:

                        	 	
                          By:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Name:

                        	 	
                          Name:

                        
	 
      	 	 
      
	
                           

                        	 	
                           

                        
	
                          Title:
      

                        	 	
                          Title:

                        

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
A

     

    ASSETS

     

    
      	
              1.

            	
              Big Pringle
      Assets

            

    

     

    
      	
               
      

            	
              (a)

            	
              Assessment
      of the Energy Production of the Proposed Pringle Wind I & II Wind
      Farms, dated June 17, 2008, by Garrad Hassan America, Inc., for Higher
      Perpetual (to the extent applicable to Big Pringle
  Sub).

            

    

     

    
      	
               
      

            	
              (b)

            	
              Boundary
      Survey dated October 4, 2007 by Dwayne R. Gresham, Gresham &
      Associates, Inc., of Big Pringle Site, Sections 91, 92, 93, 109, 110, 111,
      112, 125, the South half of Sections 76, 90, the East half of Section 94,
      and Northwest Quarter and South half of Section 75, Block 5T, T. &
      N.O. RR Co Survey, Hutchinson County,
Texas.

            

    

     

    
      	
               
      

            	
              (c)

            	
              Document
      “BP_RevisedTitleSearch.pdf”, titled “Pioneer-Lawyers Land Title Services:
      [Section 2, Block M-24, T.C.R.R. Survey, Hutchinson County,
      Texas]”.

            

    

     

    
      	
               
      

            	
              (d)

            	
              Document
      “JV_KeyFamilyLease_UnsignedCopy.doc”, a blank form of a lease agreement
      between Higher Power and a landowner (to the extent applicable to Big
      Pringle Sub).

            

    

     

    
      	
               
      

            	
              (e)

            	
              Document
      “JV_Generic_NonDisturbanceAgreement.DOC”, a blank form of a Nondisturbance
      and Attornment Agreement between a mortgagee and a project company (to the
      extent applicable to Big Pringle
Sub).

            

    

     

    
      	
               
      

            	
              (f)

            	
              Feasibility
      Study of the Energy Production of the Proposed Big Pringle, Little
      Pringle, and H&H Wind Farms in Texas, dated December 21, 2007, by
      Garrad Hassan America, Inc., for Higher Perpetual (to the extent
      applicable to Big Pringle Sub).

            

    

     

    
      	
               
      

            	
              (g)

            	
              Interconnection
      Feasibility Study Agreement (GEN-2007-005) dated as of February 19, 2007
      by Higher Power and Southwest Power Pool, Inc., a corporation existing
      under the laws of the State of Arkansas, with accompanying letter dated
      February 23, 2007 from Southwest Power Pool to Richard C. Gross P.E. Inc.
      regarding Feasibility Study
GEN-2007-005.

            

    

     

    
      	
               
      

            	
              (h)

            	
              Map
      “BP_Map.bmp” by DeLorme of Big Pringle Wind
  Farm.

            

    

     

    
      	
               
      

            	
              (i)

            	
              Proposed
      Wind Power Site: Big Pringle, Site Reconnaissance and Avian Report, dated
      August 26, 2007, prepared by Dr. Richard Harris Podolsky for Higher
      Power.

            

    

     

    
      	
               
      

            	
              (j)

            	
              Spreadsheet
      “BP_MetData_2007.xls” containing wind, power, and other
    data.

            

    

     

    
      	
               
      

            	
              (k)

            	
              Spreadsheet
      “BP_MetData_2008.xls” containing wind, power, and other
    data.

            

    

     

    
      
         

      

      
        - A1
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (l)

            	
              Spreadsheet
      “JV_OldProjectStatus_Dec07.xls” titled “HPE PROJECT LIST 12/02/2007”
      containing data regarding Little Pringle, Palo Duro, and Big Pringle (to
      the extent applicable to Big Pringle
Sub).

            

    

     

    
      	
               
      

            	
              (m)

            	
              Spreadsheet
      “JVProjects_DevelopmentCosts.xls” listing development phase cash flows for
      Little Pringle, Big Pringle, and Palo Duro (to the extent applicable to
      Big Pringle Sub).

            

    

     

    
      	
               
      

            	
              (n)

            	
              Study
      by Renewable Resource Consultants, LLC for “CLIENT: Balfour Beatty
      Construction; PROJECT: Big Pringle Preliminary; LOCATION: Hutchison
      County, Texas; NUMBER: 080168” regarding tests performed on August 8, 2008
      and on other dates.

            

    

     

    
      	
               
      

            	
              (o)

            	
              Title
      search by Pioneer-Lawyers Land Title Services dated as of April 4, 2008,
      regarding “Section 2, Block M--24, T.C.R.R. Survey, Hutchinson County,
      Texas”.

            

    

     

    
      	
              2.

            	
              LP1
      Assets

            

    

     

    
      	
               
      

            	
              (a)

            	
              Assessment
      of the Energy Production of the Proposed Little Pringle Wind Farm, dated
      April 29, 2008, by Garrad Hassan America, Inc., for Higher Perpetual (to
      the extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (b)

            	
              Assessment
      of the Energy Production of the Proposed Pringle Wind I & II Wind
      Farms, dated June 17, 2008, by Garrad Hassan America, Inc., for Higher
      Perpetual (to the extent applicable to LP1
Sub).

            

    

     

    
      	
               
      

            	
              (c)

            	
              Boundary
      Survey dated May 2, 2008 by Dwayne R. Gresham, Gresham & Associates,
      Inc., of Pringle Wind I and II, Section 7, Jno M Swisher Survey, &
      Section 2, Block M24, T. C. & Ry. Co. Survey, Hutchison County, Texas
      (to the extent applicable to LP1
Sub).

            

    

     

    
      	
               
      

            	
              (d)

            	
              Boundary
      Survey dated September 4, 2007 by Dwayne R. Gresham, Gresham &
      Associates, Inc., of Little Pringle Site, Section 1, Block M24, T C &
      Ry Co Survey, Hutchison County, Texas (to the extent applicable to LP1
      Sub).

            

    

     

    
      	
               
      

            	
              (e)

            	
              Construction
      Notice of Intent, filed by Higher Power on August 25, 2008 with the Texas
      Commission on Environmental
Quality.

            

    

     

    
      	
               
      

            	
              (f)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW I-1 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2899-OE).

            

    

     

    
      	
               
      

            	
              (g)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW I-2 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2900-OE).

            

    

     

    
      
         

      

      
        - A2
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (h)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW I-3 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2901-OE).

            

    

     

    
      	
               
      

            	
              (i)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW I-4 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2902-OE).

            

    

     

    
      	
               
      

            	
              (j)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW I-5 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2903-OE).

            

    

     

    
      	
               
      

            	
              (k)

            	
              Document
      “JV_KeyFamilyLease_UnsignedCopy.doc”, a blank form of a lease agreement
      between Higher Power and a landowner (to the extent applicable to LP1
      Sub).

            

    

     

    
      	
               
      

            	
              (l)

            	
              Document
      “JV_Generic_NonDisturbanceAgreement.DOC”, a blank form of a Nondisturbance
      and Attornment Agreement between a mortgagee and a project company (to the
      extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (m)

            	
              Document
      “LP1_InterconnectAgmnt_Addendum.doc”, titled “Addendum to Interconnection
      Agreement”.

            

    

     

    
      	
               
      

            	
              (n)

            	
              Document  “LP_RevisedTitleSearch.pdf”,
      titled “Little Pringle Title
Search”.

            

    

     

    
      	
               
      

            	
              (o)

            	
              Document
      “LP_SiteDescription.doc”, titled “Little Pringle Site:  Approx.
      505 Acres”.

            

    

     

    
      	
               
      

            	
              (p)

            	
              Document
      “LP_SPSAvoidedCosts_GeneralNotes.doc”, titled “Subject: Avoided costs-SPS”
      (to the extent applicable to LP1
Sub).

            

    

     

    
      	
               
      

            	
              (q)

            	
              Draft
      dated February 2008 of Wind Generation Purchase Agreement between Higher
      Power and Southwestern Public Service
Company.

            

    

     

    
      	
               
      

            	
              (r)

            	
              Draft
      dated September 2008 of Wind Generation Purchase Agreement between Sunray
      Wind, LLC and Southwestern Public Service
  Company.

            

    

     

    
      	
               
      

            	
              (s)

            	
              Electrical
      One Line Diagram for “Higher Power Energy, LLC; Pringle I - 10 MW Wind
      Turbine Generator Project; Hutchison County, Texas”, dated June 26, 2008,
      by Richard C. Gross P.E., Inc.

            

    

     

    
      	
               
      

            	
              (t)

            	
              Electrical
      Substation Conceptual Equipment Plan and Elevations for “Pringle, Texas;
      Higher Power LLC; 10 MW Wind Farm”, dated June 26, 2008, by Richard C.
      Gross P.E., Inc. (to the extent applicable to LP1
  Sub).

            

    

     

    
      
         

      

      
        - A3
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (u)

            	
              Feasibility
      Study of the Energy Production of the Proposed Big Pringle, Little
      Pringle, and H&H Wind Farms in Texas, dated December 21, 2007, by
      Garrad Hassan America, Inc., for Higher Perpetual (to the extent
      applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (v)

            	
              Letter
      dated August 20, 2007 from Brittany Seward, Cooley Manion Jones LLP, to
      Mark Patkunas and Jeff Martin, with attached Title Search for Little
      Pringle (to the extent applicable to LP1
Sub).

            

    

     

    
      	
               
      

            	
              (w)

            	
              Letter
      dated February 4, 2008 from James R. Brannen, Southwestern Public Service
      Company d/b/a Xcel Energy, to Mark Patkunas, Higher Power, with attached
      Design Guide and Engineering Estimate executed as of February 8, 2008 by
      Southwestern Public Service Company d/b/a Xcel Energy and as of April 10,
      2008 by Higher Power.

            

    

     

    
      	
               
      

            	
              (x)

            	
              Letter
      dated October 1, 2007 from James R. Brannen, Southwestern Public Service
      Company d/b/a Xcel Energy, to Mark Patkunas, Higher Power, with attached
      Design Guide and Engineering
Estimate.

            

    

     

    
      	
               
      

            	
              (y)

            	
              Letter
      from the Texas Commission on Environmental Quality regarding TPDES General
      Permit for Construction Storm Water Runoff: Storm Water Notice of Intent
      Authorization.

            

    

     

    
      	
               
      

            	
              (z)

            	
              Letter
      from Xcel Energy Services Inc. to the Public Utility Commission of Texas,
      dated February 28, 2008, regarding “Project No. 18692 Avoided Cost
      Availability of Electric Utility System Cost Data Pursuant to Subst. R.
      25.242(e)(2) [formerly Subst. R. 23.66(c)(1)]” with attached update to
      Southwestern Public Service Company’s February 15, 2008 informational data
      filing pursuant to the Commission’s Substantive Rule 25.242(e)(2),
      Availability of Electric Utility System Cost Data (to the extent
      applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (aa)

            	
              Map
      “LP_GeographicLayout.bmp” by DeLorme of Little Pringle Wind Farm (to the
      extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (bb)

            	
              Map
      “LP_Map.jpg” by DeLorme of Little Pringle Wind Farm (to the extent
      applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (cc)

            	
              Map
      “LP_ProposedExpansion.bmp” by DeLorme of Little Pringle Wind Farm (to the
      extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (dd)

            	
              Map
      “LP1and2_FAA_TurbineLayout.bmp” by DeLorme of Little Pringle Wind Farm (to
      the extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (ee)

            	
              Preliminary
      Geotechnical Evaluation: Little Pringle Wind Farm, Hutchinson County,
      Texas, Apex Project No. 107-229, dated November 2007, prepared by Apex
      Geoscience Inc. for Higher Power (to the extent applicable to LP1
      Sub).

            

    

     

    
      
         

      

      
        - A4
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (ff)

            	
              Proposed
      Wind Power Site: Pringle Wind, Site Reconnaissance and Avian Report, dated
      August 26, 2007, prepared by Dr. Richard Harris Podolsky for Higher Power
      (to the extent applicable to LP1
Sub).

            

    

     

    
      	
               
      

            	
              (gg)

            	
              Storm
      Water Construction General Permit, Texas Commission on Environmental
      Quality, Permit No. TXR15MH51, issued to Pringle Wind Farm (project) and
      Higher Power (operator) with coverage effective August 25, 2008 (to the
      extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (hh)

            	
              Spreadsheet
      “JV_OldProjectStatus_Dec07.xls” titled “HPE PROJECT LIST 12/02/2007”
      containing data regarding Little Pringle, Palo Duro, and Big Pringle (to
      the extent applicable to LP1 Sub).

            

    

     

    
      	
               
      

            	
              (ii)

            	
              Spreadsheet
      “JVProjects_DevelopmentCosts.xls” listing development phase cash flows for
      Little Pringle, Big Pringle, and Palo Duro (to the extent applicable to
      LP1 Sub).

            

    

     

    
      	
               
      

            	
              (jj)

            	
              Spreadsheet
      “LP_TypicalDayEnergyProfileForD8.2.xls” containing wind, power, and other
      data (to the extent applicable to LP1
Sub).

            

    

     

    
      	
               
      

            	
              (kk)

            	
              Suggested
      Form of Agreement Between Owner and Design/Builder on the Basis of a
      Stipulated Price, between HPE DeWind, a joint venture, as owner, and
      Balfour Beatty Wind Group, a joint venture, as design/builder, for Phase I
      of the Pringle Wind Farm, with all attached schedules, exhibits, annexes,
      and other documentation (including the Escrow
  Agreement).

            

    

     

    
      	
               
      

            	
              (ll)

            	
              Tax
      Abatement Agreement between Hutchinson County, Texas, and Pringle Wind I,
      LLC, a Texas limited liability company, dated August 25,
    2008.

            

    

     

    
      	
              3.

            	
              LP2
      Assets

            

    

     

    
      	
               
      

            	
              (a)

            	
              Assessment
      of the Energy Production of the Proposed Little Pringle Wind Farm, dated
      April 29, 2008, by Garrad Hassan America, Inc., for Higher Perpetual (to
      the extent applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (b)

            	
              Assessment
      of the Energy Production of the Proposed Pringle Wind I & II Wind
      Farms, dated June 17, 2008, by Garrad Hassan America, Inc., for Higher
      Perpetual (to the extent applicable to LP2
Sub).

            

    

     

    
      	
               
      

            	
              (c)

            	
              Boundary
      Survey dated May 2, 2008 by Dwayne R. Gresham, Gresham & Associates,
      Inc., of Pringle Wind I and II, Section 7, Jno M Swisher Survey, &
      Section 2, Block M24, T. C. & Ry. Co. Survey, Hutchison County, Texas
      (to the extent applicable to LP2
Sub).

            

    

     

    
      	
               
      

            	
              (d)

            	
              Boundary
      Survey dated September 4, 2007 by Dwayne R. Gresham, Gresham &
      Associates, Inc., of Little Pringle Site, Section 1, Block M24, T C &
      Ry Co Survey, Hutchison County, Texas (to the extent applicable to LP2
      Sub).

            

    

     

    
      
         

      

      
        - A5
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (e)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW II-1 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2904-OE).

            

    

     

    
      	
               
      

            	
              (f)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW II-2 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2905-OE).

            

    

     

    
      	
               
      

            	
              (g)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW II-3 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2906-OE).

            

    

     

    
      	
               
      

            	
              (h)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW II-4 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2907-OE).

            

    

     

    
      	
               
      

            	
              (i)

            	
              Determination
      of No Hazard to Air Navigation, concerning Wind Turbine PW II-5 at
      Stinnett, TX, issued by the Federal Aviation Administration by letter
      dated August 16, 2008 to Higher Power (Aeronautical Study No.
      2008-WTW-2908-OE).

            

    

     

    
      	
               
      

            	
              (j)

            	
              Document
      “JV_KeyFamilyLease_UnsignedCopy.doc”, a blank form of a lease agreement
      between Higher Power and a landowner (to the extent applicable to LP2
      Sub).

            

    

     

    
      	
               
      

            	
              (k)

            	
              Document
      “JV_Generic_NonDisturbanceAgreement.DOC”, a blank form of a Nondisturbance
      and Attornment Agreement between a mortgagee and a project company (to the
      extent applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (l)

            	
              Document
      “LP_SPSAvoidedCosts_GeneralNotes.doc”, titled “Subject: Avoided costs-SPS”
      (to the extent applicable to LP2
Sub).

            

    

     

    
      	
               
      

            	
              (m)

            	
              Draft
      of Lease between Lance and Sahala Gaillard, as owner, and Higher Power, as
      lessee, for approximately 678 acres of land, with all
      exhibits.

            

    

     

    
      	
               
      

            	
              (n)

            	
              Draft
      of Nondisturbance and Attornment Agreement between Great Plains Ag Credit,
      FLCA, and LittlePringle2, LLC.

            

    

     

    
      	
               
      

            	
              (o)

            	
              Electrical
      One Line Diagram for “Higher Power Energy, LLC; Pringle II - 10 MW Wind
      Turbine Generator Project; Hutchison County, Texas”, dated June 26, 2008,
      by Richard C. Gross P.E., Inc.

            

    

     

    
      
         

      

      
        - A6
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (p)

            	
              Electrical
      Substation Conceptual Equipment Plan and Elevations for “Pringle, Texas;
      Higher Power LLC; 10 MW Wind Farm”, dated June 26, 2008, by Richard C.
      Gross P.E., Inc. (to the extent applicable to LP2
  Sub).

            

    

     

    
      	
               
      

            	
              (q)

            	
              Feasibility
      Study of the Energy Production of the Proposed Big Pringle, Little
      Pringle, and H&H Wind Farms in Texas, dated December 21, 2007, by
      Garrad Hassan America, Inc., for Higher Perpetual (to the extent
      applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (r)

            	
              Letter
      dated August 20, 2007 from Brittany Seward, Cooley Manion Jones LLP, to
      Mark Patkunas and Jeff Martin, with attached Title Search for Little
      Pringle (to the extent applicable to LP2
Sub).

            

    

     

    
      	
               
      

            	
              (s)

            	
              Letter
      from Xcel Energy Services Inc. to the Public Utility Commission of Texas,
      dated February 28, 2008, regarding “Project No. 18692 Avoided Cost
      Availability of Electric Utility System Cost Data Pursuant to Subst. R.
      25.242(e)(2) [formerly Subst. R. 23.66(c)(1)]” with attached update to
      Southwestern Public Service Company’s February 15, 2008 informational data
      filing pursuant to the Commission’s Substantive Rule 25.242(e)(2),
      Availability of Electric Utility System Cost Data (to the extent
      applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (t)

            	
              Map
      “LP_GeographicLayout.bmp” by DeLorme of Little Pringle Wind Farm (to the
      extent applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (u)

            	
              Map
      “LP_Map.jpg” by DeLorme of Little Pringle Wind Farm (to the extent
      applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (v)

            	
              Map
      “LP_ProposedExpansion.bmp” by DeLorme of Little Pringle Wind Farm (to the
      extent applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (w)

            	
              Map
      “LP1and2_FAA_TurbineLayout.bmp” by DeLorme of Little Pringle Wind Farm (to
      the extent applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (x)

            	
              Map
      “LP2_FAA_TurbineLayout.bmp” by DeLorme of Little Pringle Wind
      Farm.

            

    

     

    
      	
               
      

            	
              (y)

            	
              Preliminary
      Geotechnical Evaluation: Little Pringle Wind Farm, Hutchinson County,
      Texas, Apex Project No. 107-229, dated November 2007, prepared by Apex
      Geoscience Inc. for Higher Power (to the extent applicable to LP2
      Sub).

            

    

     

    
      	
               
      

            	
              (z)

            	
              Proposed
      Wind Power Site: Pringle Wind, Site Reconnaissance and Avian Report, dated
      August 26, 2007, prepared by Dr. Richard Harris Podolsky for Higher Power
      (to the extent applicable to LP2
Sub).

            

    

     

    
      	
               
      

            	
              (aa)

            	
              Storm
      Water Construction General Permit, Texas Commission on Environmental
      Quality, Permit No. TXR15MH51, issued to Pringle Wind Farm (project) and
      Higher Power (operator) with coverage effective August 25, 2008 (to the
      extent applicable to LP2 Sub).

            

    

     

    
      
         

      

      
        - A7
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (bb)

            	
              Spreadsheet
      “JV_OldProjectStatus_Dec07.xls” titled “HPE PROJECT LIST 12/02/2007”
      containing data regarding Little Pringle, Palo Duro, and Big Pringle (to
      the extent applicable to LP2 Sub).

            

    

     

    
      	
               
      

            	
              (cc)

            	
              Spreadsheet
      “JVProjects_DevelopmentCosts.xls” listing development phase cash flows for
      Little Pringle, Big Pringle, and Palo Duro (to the extent applicable to
      LP2 Sub).

            

    

     

    
      	
               
      

            	
              (dd)

            	
              Spreadsheet
      “LP_TypicalDayEnergyProfileForD8.2.xls” containing wind, power, and other
      data (to the extent applicable to LP2
Sub).

            

    

     

    
      	
               
      

            	
              (ee)

            	
              Suggested
      Form of Agreement Between Owner and Design/Builder on the Basis of a
      Stipulated Price, between HPE DeWind, a joint venture, as owner, and
      Balfour Beatty Wind Group, a joint venture, as design/builder, for Phase
      II of the Pringle Wind Farm, with all attached schedules, exhibits,
      annexes, and other documentation (including the Escrow
      Agreement).

            

    

     

    
      	
               
      

            	
              (ff)

            	
              Tax
      Abatement Agreement between Hutchinson County, Texas, and Pringle Wind II,
      LLC, a Texas limited liability company, dated August 25,
    2008.

            

    

     

    
      	
              4.

            	
              PD1
      Assets

            

    

     

    
      	
               
      

            	
              (a)

            	
              Document
      “JV_KeyFamilyLease_UnsignedCopy.doc”, a blank form of a lease agreement
      between Higher Power and a landowner (to the extent applicable to PD1
      Sub).

            

    

     

    
      	
               
      

            	
              (b)

            	
              Document
      “JV_Generic_NonDisturbanceAgreement.DOC”, a blank form of a Nondisturbance
      and Attornment Agreement between a mortgagee and a project company (to the
      extent applicable to PD1 Sub).

            

    

     

    
      	
               
      

            	
              (c)

            	
              Interconnection
      Feasibility Study Agreement (GEN-2007-048) dated as of October 23, 2007 by
      Higher Power and Southwest Power Pool, Inc., a corporation existing under
      the laws of the State of Arkansas, along with accompanying letters dated
      October 18, 2007 and October 25, 2007, respectively, each from Southwest
      Power Pool to Mark Patkunas at Higher Power regarding Feasibility Study
      GEN-2007-048, and along with other accompanying
    documentation.

            

    

     

    
      	
               
      

            	
              (d)

            	
              Map
      “PD_Map.bmp” by DeLorme of Palo Duro Wind
Farm.

            

    

     

    
      	
               
      

            	
              (e)

            	
              Spreadsheet
      “JV_OldProjectStatus_Dec07.xls” titled “HPE PROJECT LIST 12/02/2007”
      containing data regarding Little Pringle, Palo Duro, and Big Pringle (to
      the extent applicable to PD1 Sub).

            

    

     

    
      	
               
      

            	
              (f)

            	
              Spreadsheet
      “JVProjects_DevelopmentCosts.xls” listing development phase cash flows for
      Little Pringle, Big Pringle, and Palo Duro (to the extent applicable to
      PD1 Sub).

            

    

     

    
      	
               
      

            	
              (g)

            	
              Spreadsheet
      “PD_MetData_2007.xls” containing wind, power, and other
    data.

            

    

     

    
      
         

      

      
        - A8
-

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (h)

            	
              Spreadsheet
      “PD_MetData_2008.xls” containing wind, power, and other
    data.

            

    

     

    
      	
               
      

            	
              (i)

            	
              Spreadsheet
      “PD_WindData_2007.xls” containing wind, power, and other
    data.

            

    

     

    
      	
               
      

            	
              (j)

            	
              Spreadsheet
      “PD_WindData_2008.xls” containing wind, power, and other
    data.

            

    

     

    
      
         

      

      
        - A9
-

        
          

        

      

      
         

      

    

     

    EXHIBIT
B

    DW
CONTRIBUTION

     

    Assets and Property
Contributed to LP1 Sub

     

    
      	
              ·

            	
              Existing
      purchase orders entered into by DeWind, Inc., with Balfour Beatty with
      respect to the construction of the LP1 Sub wind
  farm

            

    

     

    
      
         

      

      
        - B1 -Final
Execution Version

     

    DEVELOPER
AGREEMENT

     

    This
Developer Agreement (“Agreement”),
dated as of October 6, 2008 (“Effective
Date”) is among PERPETUAL ENERGY LIMITED, a United Kingdom private
limited company (“Perpetual”),
HIGHER POWER ENERGY, LLC, a Texas limited liability company (“Higher
Power”), DEWIND ENERGY DEVELOPMENT COMPANY, LLC, a Nevada limited
liability company (“DeWind”),
DEWIND SWI WIND FARMS, LLC, a Delaware limited liability company (“Holdco”)
and HIGHER PERPETUAL ENERGY, LLC, a Texas limited liability company (“Higher
Perpetual”) (Perpetual, Higher Power, DeWind, Holdco and Higher
Perpetual, collectively, the “Parties”,
and each, a “Party”).  Certain
capitalized terms used but not defined elsewhere in the text of this Agreement
are defined in Annex
I, attached hereto.

     

    WHEREAS,
Higher Power has acquired leases, options, wind data, studies, permits, and
interconnection applications and other property, interests and rights (“Development
Assets and Rights”), including, without limitation, the rights described
on Exhibit A
attached hereto (collectively, the “LP1
Assets”) for the development, construction, operation and ownership of a
proposed wind farm commonly referred to as Little Pringle One to be located at
Northeast Corner of Section 54, Block M23, Robert Sikes Survey, Hutchinson
County, Texas, Latitude: 35o 57’21.36010”N and Longitude: 101o 32’34.46695”W
(“Little
Pringle One”);

     

    WHEREAS,
Higher Power has acquired Development Assets and Rights, including, without
limitation, the rights described on Exhibit B attached
hereto (collectively, the “LP2
Assets”) for the development, construction, operation and ownership of a
proposed wind farm commonly referred to as Little Pringle Two to be located at
Southeast Corner of Section 1, Block M24, TC & Ry Co Survey, Hutchinson
County, Texas, Latitude: 35o 55’59.46429”N and Longitude: 101o 32’34.48343”W
(“Little
Pringle Two”);

     

    WHEREAS,
Higher Power has acquired Development Assets and Rights, including, without
limitation, the rights described on Exhibit C attached
hereto (collectively, the “BP
Assets”) for the development, construction, operation and ownership of a
proposed wind farm commonly referred to as Big Pringle to be located at Big
Pringle (19 miles southwest of Spearman, Texas) (“Big
Pringle”);

     

    WHEREAS,
Higher Power has acquired Development Assets and Rights, including, without
limitation, the rights described on Exhibit D attached
hereto (collectively, the “PD
Assets”, and collectively with LP1 Assets, LP2 Assets, and BP Assets and,
to the extent substituted in accordance with the terms of this Agreement, the
Baker Assets and the Haynes Assets, the “Assets”)
for the development, construction, operation and ownership of a proposed wind
farm commonly referred to as Palo Duro to be located at Palo Duro, Randall
County, Texas, Latitude:  N34.5320 and Longitude: W101.5031 (“Palo
Duro”, and collectively with Little Pringle One, Little Pringle Two, and
Big Pringle, and to the extent other assets are substituted for such assets in
accordance with this Agreement, such substituted assets, the “Wind
Farms”);

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    WHEREAS,
Higher Power has, along with its affiliates, agents, and other representatives
(collectively, the “Higher Power
Parties”) entered
into various agreements and other undertakings with Perpetual and with its
affiliates, agents and other representatives (collectively, the “Perpetual
Parties”),
including the agreements and other undertakings described on Exhibit E
attached hereto relating to the Wind Farms and the Assets (collectively the
“Existing
Transaction Agreements”);

     

    WHEREAS,
Higher Perpetual and DeWind are forming Holdco and four subsidiaries thereof,
LittlePringle1, LLC, a Delaware limited liability company (“LP1 Sub”),
LittlePringle2, LLC, a Delaware limited liability company (“LP2 Sub”),
BigPringle, LLC, a Delaware limited liability company (“BP Sub”),
and PD1, LLC, a Delaware limited liability company (“PD Sub”)
(collectively with any entities holding Baker Assets or Haynes Assets
transferred in accordance with Paragraph 4(c),
the “Subs”), to
develop, construct, own, finance, refinance and operate, or cause to be operated
Little Pringle One, Little Pringle Two, Big Pringle, and Palo Duro,
respectively, in accordance with the Limited Liability Company Agreement of
Holdco, executed as of the Effective Date (the “LLC
Agreement”);

     

    WHEREAS,
Higher Power has agreed to convey the Assets and render the services for which
the Development Fee is being paid hereunder to Holdco to the Subs on Higher
Perpetual’s behalf, as Higher Perpetual’s initial capital contribution to
Holdco, in exchange for Holdco issuing Holdco membership interests to Higher
Perpetual, and Higher Power desires to convey the Assets to the Subs on Higher
Perpetual’s behalf, in exchange for consideration to be paid by Perpetual,
Higher Perpetual and Holdco in accordance with this Agreement (the “Transactions”);
and

     

    WHEREAS,
Higher Power, Perpetual, DeWind, Higher Perpetual and Holdco wish to effectuate
the Transactions and settle all claims related thereto in accordance with this
Agreement.

     

    NOW
THEREFORE, intending to be bound hereby, and relying on the undertaking of the
other Parties, the Parties agree as follows:

     

    1.           
Perpetual
Release.  To induce Higher Perpetual, Higher Power, Holdco and
DeWind to enter into the Transactions, Perpetual on behalf of itself and the
Perpetual Parties and their respective employees, officers, directors, agents,
representatives, members, owners, subsidiaries and each of their respective
affiliates, and their respective successors and assigns, hereby RELEASES, ACQUITS, AND FOREVER
DISCHARGES THE HIGHER POWER PARTIES, HOLDCO AND DEWIND AND ALL OF THEIR
RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS, AGENTS, REPRESENTATIVES, MEMBERS,
OWNERS, SUBSIDIARIES AND AFFILIATES AND THEIR RESPECTIVE SUCCESSORS AND
ASSIGNS, OF AND FROM ANY AND ALL CLAIMS, ACTIONS, CAUSES OF ACTION, LIABILITIES,
DAMAGES, OR DEMANDS, BOTH COMPENSATORY AND PUNITIVE, IN WHATEVER NAME OR NATURE,
IN CONTRACT, IN TORT, INCLUDING IN NEGLIGENCE, GROSS NEGLIGENCE, AND/OR STRICT
LIABILITY, AND/OR BY STATUTE, INCLUDING ANY AND ALL KNOWN AND UNKNOWN DEBTS,
INJURIES, LOSSES, AND/OR DAMAGES TO IT OR ITS PROPERTY ARISING OUT OF OR RELATING TO THE
ASSETS, WHETHER NOW
EXISTING OR HEREAFTER ACQUIRED OR ARISING (“CLAIMS”), OTHER THAN UNDER THIS
AGREEMENT OR THE
RESERVED CLAIMS (“PERPETUAL
RELEASED OBLIGATIONS”).

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    2.
           Higher Power
Release.  To induce Higher Perpetual, Perpetual, Holdco and
DeWind to enter into the Transactions, Higher Power on behalf of itself and the
Higher Power Parties and their respective employees, officers, directors,
agents, representatives, members, owners, subsidiaries and each of their
respective affiliates, and their respective successors and assigns, hereby RELEASES, ACQUITS, AND FOREVER
DISCHARGES THE PERPETUAL PARTIES, HOLDCO AND DEWIND, AND ALL OF THEIR
RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS, AGENTS, REPRESENTATIVES MEMBERS,
OWNERS, SUBSIDIARIES AND EACH OF THEIR RESPECTIVE AFFILIATES, AND THEIR
RESPECTIVE SUCCESSORS AND ASSIGNS, OF AND FROM ANY AND ALL CLAIMS, ACTIONS,
CAUSES OF ACTION, LIABILITIES, DAMAGES, OR DEMANDS, BOTH COMPENSATORY AND
PUNITIVE, IN WHATEVER NAME OR NATURE, IN CONTRACT, IN TORT, INCLUDING IN
NEGLIGENCE, GROSS NEGLIGENCE, AND/OR STRICT LIABILITY, AND/OR BY STATUTE,
INCLUDING ANY AND ALL KNOWN AND UNKNOWN DEBTS, INJURIES, LOSSES, AND/OR DAMAGES
TO ANY OF THEM OR THEIR PROPERTY ARISING OUT OF OR RELATING TO THE ASSETS,
WHETHER NOW EXISTING OR
HEREAFTER ACQUIRED OR ARISING, OTHER THAN UNDER THIS AGREEMENT OR THE RESERVED CLAIMS
(“HIGHER POWER
RELEASED OBLIGATIONS”).

     

    3.
           Perpetual
Obligations.  (a)  Perpetual shall pay Higher Power
the following fees upon the occurrence of the applicable event specified as
follows, but only to the extent such event occurs (each, a “Developer
Fee”, and collectively, the “Developer
Fees”):

     

    (i)         
  on the date that Holdco or LP1 Sub receives the net proceeds of the
Permanent Financing of LP1 from a Third Party, $450,000, but not later than the
date any Sale Fee is payable for any other Wind Farm;

     

    (ii)           on
the date that Holdco or LP2 Sub receives the net proceeds of the Permanent
Financing of LP2 from a Third Party, $450,000, but not later than the date any
Sale Fee is payable for any other Wind Farm;

     

    (iii)          if
the BP Assets have not been transferred to Higher Power pursuant to Paragraph 4(c),
on the date that BP Sub delivers the notice to proceed (or equivalent) for all
or any material portion of the project under a construction agreement for Big
Pringle (“BP”),
$20,000 per megawatt electrical generating capacity of the wind turbines to be
installed (“Installed
Capacity”) at BP (the “Notice to Proceed
Fee”);

     

    (iv)         if
the BP Assets have not been transferred to Higher Power pursuant to Paragraph 4(c),
on the date that Holdco or BP Sub receives the net proceeds of the Permanent
Financing of BP from a Third Party, $76,250, per megawatt of actually Installed
Capacity (the “Sale Fee”)
for BP;

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    (v)           if
the PD Assets have not been transferred to Higher Power pursuant to Paragraph 4(c),
on the date that PD Sub delivers the notice to proceed (or equivalent) for all
or any material portion of the project under a construction agreement for Palo
Duro (“PD”), the
Notice to Proceed Fee;

     

    (vi)         if
the PD Assets have not been transferred to Higher Power pursuant to Paragraph 4(c),
on the date that Holdco or PD Sub receives the net proceeds of the Permanent
Financing of PD from a Third Party, the Sale Fee for PD;

     

    (vii)        if
the Baker Assets have been transferred to Baker Sub pursuant to Paragraph 4(c),
on the date that Baker Sub delivers the notice to proceed (or equivalent) for
all or any portion of the project under a construction agreement for Baker, the
Notice to Proceed Fee;

     

    (viii)       if
the Baker Assets have been transferred to Baker Sub pursuant to Paragraph 4(c),
on the date that Holdco or Baker Sub receives the net proceeds of the Permanent
Financing of Baker from a Third Party, the Sale Fee for Baker;

     

    (ix)          if
the Haynes Assets have been transferred to Haynes Sub pursuant to Paragraph 4(c),
on the date that Haynes Sub delivers the notice to proceed (or equivalent) for
all or any portion of the project under a construction agreement for Haynes, the
Notice to Proceed Fee;

     

    (x)           if
the Haynes Assets have been transferred to Haynes Sub pursuant to Paragraph 4(c),
on the date that Holdco or Baker Sub receives the net proceeds of the Permanent
Financing of Baker from a Third Party, the Sale Fee for Haynes;

     

    provided, however, that in the
event any Wind Farm is constructed in phases, the Developer Fees shall be
payable as provided above with respect to each phase on a pro rata basis, based
on the total Expected MWs for such Wind Farm.

     

    (b)           Perpetual
agrees to perform its obligations under Section 4.01(c) of the LLC
Agreement.

     

    4.           Mandatory Replacement of
Higher Perpetual Contributed Assets.

     

    (a)           On
the date hereof, Higher Power on behalf of Higher Perpetual shall transfer and
assign to LP1 Sub, LP2 Sub, BP Sub and PD Sub, the assets more particularly
described in the Contribution Agreement, free and clear of all Encumbrances
except for Permitted Encumbrances.  From time to time after the date
hereof, and without any further consideration, Higher Power, Higher Perpetual
and Perpetual shall execute, acknowledge and deliver all such additional deeds,
assignments, conveyances, instruments, notices, releases, acquittances and other
documents, and will do all such other acts and things, all in accordance with
applicable law, as may be necessary or appropriate (i) more fully to assure
Holdco, the Subs and their successors and assigns all of the properties, rights,
titles, interests, estates, remedies, powers and privileges required by this
Agreement to be granted to Holdco and the Subs or intended so to be, and
(ii) more fully and effectively to carry out the purposes and intent of
this Agreement.

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

    (b)           Commencing
on the date hereof and for a period of one hundred twenty (120) days thereafter
and so long thereafter as may be extended upon the mutual agreement of the
Parties, which agreement shall not be unreasonably withheld (the “Screening
Period”), Holdco shall screen the BP Assets, the PD Assets, the Baker
Assets and the Haynes Assets to determine by unanimous consent of the Management
Committee (as defined in the LLC Agreement) the number of megawatts of wind
powered generation facilities reasonably expected to be developed with the
applicable power purchase agreements or other offtake arrangements (the “Expected
MWs”) by shall be the date 36 months after the Effective Date (the “Expected Start of
Construction Date”).  Higher Perpetual shall cause Perpetual
and Higher Power promptly following any reasonable request therefor, to provide
to Holdco, the Subs and DeWind such financial information with respect to such
Assets, their plans, business, affairs and condition as of any of them may
reasonably request.  During the Screening Period and thereafter if
such assets are required to be transferred to Holdco or any Sub in accordance
with this Paragraph 4,
Higher Perpetual, Higher Power and Perpetual shall not solicit any offers,
market or enter into (or permit to exist) any agreement or Encumbrance affecting
the Baker Assets and the Haynes Assets that might prohibit any portion of the
Baker Assets and the Haynes Assets from being transferred to Holdco or any Sub
if and as required under this Paragraph 4.  In
furtherance of the foregoing, during such period, none of Higher Perpetual,
Higher Power or Perpetual, nor any of their Affiliates, shall solicit any
offers, market or enter into any agreement respecting the Baker Assets or the
Haynes Assets (except as expressly provided for in this Agreement), written or
oral, with any other Person relating to the development, construction or
operation of Baker or Haynes that conflicts with the terms hereof or the
transactions contemplated by the Transactions Documents.

     

    (c)           If
at the end of the Screening Period, the aggregate Expected MWs of the BP Assets
and the PD Assets are less than 600 MW of installed capacity (the “Target
MWs”), with the approval of the Members, which shall not be unreasonably
delayed or denied, Holdco may elect by written notice delivered no later than
the first business day after the end of the Screening Period, to substitute the
Baker Assets and/or the Haynes Assets for either or both of the BP Assets and
the PD Assets, such that the Expected MWs of the assets owned and developed by
Holdco and the Subs equals or exceeds the Target MWs.  Upon such
election by Holdco, Higher Power on behalf of Higher Perpetual shall transfer
and assign the Baker Assets to the Baker Sub and/or the Haynes Assets to the
Haynes Sub, as applicable, free and clear of all Encumbrances other than
Permitted Encumbrances pursuant to an agreement substantially in the form of the
Contribution Agreement and related documents, including a release in the form of
Paragraphs 1 and
2 of this
Agreement, with such changes as Holdco, Higher Perpetual and Higher Power may
reasonably request.  Concurrently, the BP Sub shall transfer and
assign the BP Assets, and the PD Sub shall transfer and assign the PD Assets, as
applicable, to Higher Power on behalf of Higher Perpetual free and clear of all
Encumbrances created by, through or under Holdco or the Subs other than
Permitted Encumbrances, pursuant to an agreement in form and substance
reasonably acceptable to Holdco and Higher Power The assumed Installed Capacity
of the Wind Farms is set forth on Exhibit F
attached hereto.

    
      
         

      

      
        - 5
-

        
          

        

      

      
         

      

    

    5.           Higher Perpetual and Holdco
Payment Obligations.

     

    (a)           Higher
Perpetual shall pay to Higher Power each Developer Fee on the date of the
applicable event specified in Paragraph 3, but
only to the extent such event occurs and such Developer Fee has not already been
paid by Perpetual pursuant to Paragraph 3 or
by any other Person and if Higher Perpetual and Perpetual (and all other
Persons) fail to make such payment within thirty (30) days of the applicable
event specified in Paragraph 3 (or if such payment is avoided, rescinded or must
otherwise be returned by Higher Power for any reason including as a result of
any insolvency, bankruptcy or reorganization proceeding) Holdco shall pay to
Higher Power such Developer Fee; provided however
that, Holdco’s liability for any Notice to Proceed Fee shall be limited to
$10,000 per megawatt of Installed Capacity and if Holdco shall pay such amount,
Higher Power shall have been paid in full for such Notice to Proceed Fee and
shall have no claim to Perpetual, Higher Perpetual, Holdco or their Affiliates
for any additional amount pursuant to this Agreement; provided further
however, that if Holdco pays such Notice to Proceed Fee for any Wind Farm and is
required to pay the Sale Fee for such Wind Farm, such Sale Fee to be paid by
Higher Perpetual and/or Holdco shall be $86,250 per megawatt of Installed
Capacity.  Perpetual and Higher Perpetual acknowledge and agree that
Holdco shall have the ability to collect from Higher Perpetual and Perpetual the
amount of such Developer Fees with interest accrued thereon at the rate of 15%
per annum from the date of such payment to but excluding the date of such
payment, and that any failure by Perpetual and Higher Perpetual to make such
payment shall entitle Holdco and DeWind to exercise their rights and remedies
under Section 4.08 of the LLC Agreement and other applicable law, which
may, among other things, result in a dilution of Higher Perpetual’s Membership
Interest under the LLC Agreement.  Holdco’s obligation to pay the
Developer Fees to Higher Power when due is not subject to the making and funding
of Capital Calls under the LLC Agreement. Each
of Higher Perpetual, Perpetual and Holdco waives, to the extent permitted by
law, any applicable surety defenses; provided that Holdco's waiver shall not
impair its ability to recover any payment of the Sale Fee with interest as
described in this Section 5(a) or the ability of Holdco and DeWind to exercise
their rights described in this Section 5(a).

     

    (b)           Holdco
shall upon Higher Power’s execution and delivery of the Contribution Agreement
on behalf of Higher Perpetual pay to Higher Power $607,500 in reimbursement for
funds currently on deposit with a government agency or other Person and assume
all rights and obligations of Higher Power with respect to all rights of Higher
Power pursuant to the interconnect applications as listed on Exhibit G
attached hereto.

     

    (c)           Before
Permanent Financing occurs for such Wind Farm, the BP Assets (or substituted
assets pursuant to Paragraph 4(c))
and/or the PD Assets (or assets substituted pursuant to Paragraph 4(c)) may
only be sold or otherwise disposed of to a Third Party if any unpaid Developer
Fees applicable to such Assets shall have been assigned to and assumed by the
acquiring Third Party pursuant to a written agreement under which Higher Power
would receive the related Developer Fees payable on the related Commercial
Operation Date.

    
      
         

      

      
        - 6
-

        
          

        

      

      
         

      

    

    6.           Performance of Development
Services.  Higher Power shall at its sole cost and expense
perform the development services on behalf of Higher Perpetual for each of Big
Pringle, Palo Duro, Baker, Haynes, and (with respect to title work only) Little
Pringle One and Little Pringle Two in accordance with Prudent Wind Industry
Practices as set forth on Exhibit H attached
hereto.

     

    7.           Late
Payments.  In the event any payment (including Developer Fees)
due to either Party is not paid when such amount becomes due hereunder, then
interest shall accrue on such outstanding amount and shall be payable to such
Party at a rate of the Prime Rate as published in the Wall Street Journal plus two
percent per annum, or the maximum rate permitted by applicable law, whichever is
less.  Interest shall begin to accrue on the date payment was
due.

     

    8.           Entire
Agreement.  This Agreement constitutes the entire agreement
among the Parties regarding the Assets, Perpetual Released Obligations, Higher
Power Released Obligations, Developer Fees and the other matters described in
this Agreement.  There are no other written or oral understandings or
agreements, directly or indirectly connected therewith.

     

    9.           Higher Power Representations
and Warranties.  Higher Power hereby represents and warrants to
the other Parties that:

     

    (a)           there
are no other costs, expenses, or liabilities owed by Higher Power, the Higher
Power Parties or any of their respective affiliates, directors, officers,
employees or agents in connection with the business or operation of the Assets,
other than the Developer Fees, for which Higher Power could or will claim
reimbursement from Higher Perpetual, Perpetual, DeWind, Holdco or any Sub
pursuant to the terms of this Agreement or otherwise;

     

    (b)           the
Assets are not subject to any lien (statutory or otherwise), mortgage, deed of
trust, claim, option, right to purchase, right to obtain, lease, easement,
charge, pledge, security interest, hypothecation, assignment, use restriction or
other encumbrance of any kind or nature whatsoever, whether voluntary or
involuntary, choate or inchoate (including any agreement to give any of the
foregoing, any conditional sale or other title retention agreement) (“Encumbrance”)
other than Permitted Encumbrances; and

     

    (c)           it
has, as of the date hereof (or will have, within the period determined by the
Management Committee to meet the Expected Start of Construction Date for each
Wind Farm, at its own cost and expense use its commercially reasonable efforts
in accordance with Prudent Wind Industry Practices to have):

     

    (i)           obtained
sites and optimal placement of wind turbines at the Wind Farms (located
10 MWs at Little Pringle One, 10 MWs at Little Pringle Two,
200 MWs at Big Pringle, and 400 MWs at Palo Duro);

     

    (ii)           obtained
all site leases for the Wind Farms on terms accepted by prudent project
financiers;

    
      
         

      

      
        - 7
-

        
          

        

      

      
         

      

    

    (iii)          prepared,
submitted, and obtained all other permit applications required to design,
construct, and operate the Wind Farms;

     

    (iv)         obtained
FAA, applicable environmental, and authority to construct permits;

     

    (v)          obtained
tax abatements for not less than seven (7) years;

     

    (vi)         conducted
public and community relations, including communications with local governmental
agencies and community members;

     

    (vii)        designed,
and obtained required approvals of, any transmission and interconnect
facilities;

     

    (viii)       coordinated
with ERCOT, the Southwest Power Pool, the Federal Energy Regulatory Commission,
and Excel, and communicated with, and assured compliance with, Texas or other
applicable state, county, and municipal regulatory agencies; and

     

    (ix)          erected
meteorological towers or monitoring equipment sufficient to satisfy financing of
project; collected, monitored, and obtained wind resource data for Assets for at
least twelve (12) continuous months, and for not less than one (1) 60 meters in
height meteorological towers per 100 MWs of wind turbines; and obtained
transmission studies and information.

     

    (x)           Assist
as required to support the needs of Holdco, the Subs, BOP contractors, land
lease owners, local authorities, and utilities during construction and during
commercial operations until sale of Assets by Holdco.

     

    10.           Perpetual Representation and
Warranties.  Perpetual hereby represents and warrants to the
other Parties that there are no costs, expenses, or liabilities incurred or owed
by Perpetual, the Perpetual Parties, or any of their respective affiliates,
directors, officers, employees or agents in connection with the business or
operation of Holdco for which Perpetual could or will claim reimbursement from
Higher Perpetual, Higher Power, DeWind, Holdco or the Subs pursuant to the terms
of this Agreement or otherwise.

     

    11.           No Assignment of
Claims.  Each of Higher Power, Higher Perpetual, Perpetual, and
Holdco hereby represents and acknowledges that it has not assigned or attempted
to assign any claim under or related to the Assets, Existing Transaction
Agreements, Perpetual Released Obligations, Higher Power Released Obligations,
Developer Fees, Perpetual Distributions Pledge, and Perpetual Distributions
Negative Pledge to any third party.  No party hereto may assign its
rights or obligations under this Agreement without the prior written consent of
the other Parties.

     

    12.           Acknowledgement of Pledge
and Subordination.  Each of the Parties acknowledges that
Higher Perpetual has pledged its interest in the LLC Agreement, including its
membership interest and right to receive distributions, whether now existing or
hereafter acquired, to DeWind and its successor and assigns.

    
      
         

      

      
        - 8
-

        
          

        

      

      
         

      

    

    13.           Prior
Claims.  Each of Perpetual and Higher Power (with respect to
its parents, affiliates, investors, and principals), hereby covenant, warrant,
and undertake that they shall not at any time initiate, assert, or bring any
claim (in any court, administrative agency, or other tribunal, anywhere in the
world) against any other Party for any claim or alleged liabilities of any kind
and nature, at law, in equity, or otherwise, known and unknown, suspected and
unsuspected, disclosed and undisclosed, relating to any past or existing claims
that were or could have been brought against any other Party regarding, related
to, or in connection with the Perpetual Released Obligations and Higher Power
Released Obligations; provided, however, that nothing
in this Paragraph
13 shall preclude any Party from enforcing its rights under this
Agreement.

     

    14.           Acknowledgement of
Release.  The Parties acknowledge, agree, and specifically
warrant to each other that the releases contained herein are not intended to
affect any claims or liabilities among the Parties that are unrelated to the
Assets or the Existing Transaction Agreements.

     

    15.           Joint
Drafting.  The Parties acknowledge, agree, and specifically
warrant to each other that they have fully read this Agreement and the releases
contained herein, received independent legal advice with respect to the
advisability of entering into this Agreement and the releases, and concerning
the legal effect of the releases, and fully understand the effect of this
Agreement.  In order to induce one another to enter into this
Agreement, each of the Parties represents that it has determined that the terms
of this Agreement are fair and reasonable under all the circumstances and that
this determination has been based solely upon its independent judgment after
consulting with counsel, and that, in making this determination, it has had an
adequate opportunity to discuss and assess the merits of its
claims.

     

    16.           Severability.  If
and for so long as any provision of this Agreement shall be deemed to be judged
invalid for any reason whatsoever, such invalidity shall not affect the validity
or operation of any other provision of this Agreement except only so far as
shall be necessary to give effect to the construction of such invalidity, and
any such invalid provision shall be deemed severed from this Agreement without
affecting the validity of the balance of this Agreement.

     

    17.           Notices.  Except
as expressly set forth to the contrary in this Agreement, all notices, requests
or consents provided for or permitted to be given under this Agreement must be
in writing and must be delivered to the recipient in person, by courier or mail
or by facsimile or other electronic transmission to the following
addresses:

    
      
         

      

      
        - 9
-

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              If
      to Perpetual:

               

            

    

    
      	
               
      

            	
              Perpetual
      Energy Limited

            

    

    
      	
               
      

            	
              Booths
      Park 1

            

    

    
      	
               
      

            	
              Booths
      Hall

            

    

    
      	
               
      

            	
              Chelford
      Road

            

    

    
      	
               
      

            	
              Knutsford

            

    

    
      	
               
      

            	
              Cheshire  WA16
      8GS

            

    

    
      	
               
      

            	
              Attention:
      David Tatton

            

    

    
      	
               
      

            	
              Tel:
      +44-1565-757829

            

    

    
      	
               
      

            	
              Fax:
      +44-1565-757852

               

            

    

    
      	
               
      

            	
              If
      to Higher Perpetual:

            

    

     

    
      	
               
      

            	
              Higher
      Perpetual Energy, LLC

            

    

    
      	
               
      

            	
              222
      West Las Colinas Blvd

            

    

    
      	
               
      

            	
              Millenium
      Centre

            

    

    
      	
               
      

            	
              Suite
      1650

            

    

    
      	
               
      

            	
              Irving,
      TX 75039

            

    

    
      	
               
      

            	
              Attention:
      Mark Patkunas

            

    

    
      	
               
      

            	
              Tel:
      +1-972-444-2575

            

    

    
      
        	
                 
      

              	
                Fax:
      +1-972-444-2579

              
	 	 

      

    

    
      	
               
      

            	
              with
      copy to:

            

    

     

    
      	
               
      

            	
              Perpetual
      Energy Limited

            

    

    
      	
               
      

            	
              Booths
      Park 1

            

    

    
      	
               
      

            	
              Booths
      Hall

            

    

    
      	
               
      

            	
              Chelford
      Road

            

    

    
      	
               
      

            	
              Knutsford

            

    

    
      	
               
      

            	
              Cheshire  WA16
      8GS

            

    

    
      	
               
      

            	
              Attention:
      David Tatton

            

    

    
      	
               
      

            	
              Tel:
      +44-1565-757829

            

    

    
      	
               
      

            	
              Fax:
      +44-1565-757852

            

    

     

    
      	
               
      

            	
              If
      to Higher Power:

            

    

     

    
      	
               
      

            	
              Higher
      Power Energy, LLC

            

    

    
      	
               
      

            	
              2221
      Justin Rd. Suite 119-137

            

    

    
      	
               
      

            	
              Flower
      Mound, TX 75028

            

    

    
      	
               
      

            	
              Attention:
      Mark Patkunas

            

    

    
      	
               
      

            	
              Tel:
      +1-214-636-5613

            

    

    
      	
               
      

            	
              Fax:
      +1-972-317-9080

            

      
        
           

        

        
          - 10
-

          
            

          

        

        
           

        

      

    

     

    
      	
               
      

            	
              If
      to Holdco:

            

    

     

    
      	
               
      

            	
              DeWind
      SWI Wind Farms, LLC

            

    

    
      	
               
      

            	
              2026
      McGaw Avenue

            

    

    
      	
               
      

            	
              Irvine,
      CA  92614

            

    

    
      	
               
      

            	
              Attention:
      Michael McIntosh

            

    

    
      	
               
      

            	
              Tel:
      +1-949-428-8500

            

    

    
      
        	
                 
      

              	
                Fax:
      +1-949-660-1533

              
	 	 

      

    

    
      	
               
      

            	
              If
      to DeWind:

            

    

     

    
      	
               
      

            	
              DeWind
      Energy Development Company, LLC

            

    

    
      	
               
      

            	
              2026
      McGaw Avenue

            

    

    
      	
               
      

            	
              Irvine,
      CA  92614

            

    

    
      	
               
      

            	
              Attention:
      Michael McIntosh

            

    

    
      	
               
      

            	
              Tel:
      +1-949-428-8500

            

    

    
      	
               
      

            	
              Fax:
      +1-949-660-1533

            

    

     

    
      	
               
      

            	
              with
      copy to:

            

    

     

    
      	
               
      

            	
              DeWind,
      Inc.

            

    

    
      	
               
      

            	
              44
      Cook Street #600

            

    

    
      	
               
      

            	
              Denver,
      CO 80206

            

    

    
      	
               
      

            	
              Attention:
      President

            

    

    
      	
               
      

            	
              Tel:
      +1-303-270-0141

            

    

    
      	
               
      

            	
              Fax:
      +1-303-270-0143

            

    

     

    A notice,
request or consent given under this Agreement is effective on receipt by the
Party to receive it; provided, however, that a facsimile or other electronic
transmission that is transmitted to a Party after 5:00 pm the recipient’s time
shall be deemed effective on the next Business Day.  All notices,
requests and consents to be sent to a Party must be sent to or made at the
addresses given for that Party above, or such other address as that Party may
specify by notice to the other Parties.  Whenever any notice is
required to be given by law or this Agreement, a written waiver thereof, signed
by the Person entitled to notice, whether before or after the time stated
therein, shall be deemed equivalent to the giving of such notice.

     

    18.          GOVERNING
LAW.  THE
TERMS OF THIS AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE
LAWS OF TEXAS, WITHOUT REGARD TO ITS CONFLICT-OF-LAW RULES.  EACH OF
THE PARTIES WAIVES ITS RIGHT TO TRIAL BY JURY AND AGREES AND CONSENTS TO THE
NON-EXCLUSIVE JURISDICTION OF STATE AND FEDERAL COURTS SITTING IN HOUSTON, TEXAS
IN CONNECTION WITH ALL DISPUTES AND PROCEDURES IN CONNECTION WITH THIS
AGREEMENT.  THE PARTIES AGREE THAT ANY CONTROVERSY, CLAIM OR DISPUTE
THAT ARISES OUT OF OR IN CONNECTION WITH THIS AGREEMENT, INCLUDING THE
CONSTRUCTION, INTERPRETATION, PERFORMANCE, BREACH, TERMINATION, ENFORCEABILITY
OR VALIDITY OF THIS AGREEMENT, WHETHER THE SAME IS BASED ON RIGHTS, PRIVILEGES
OR INTERESTS RECOGNIZED BY OR BASED UPON STATUTE, CONTRACT, AGREEMENT (WHETHER
WRITTEN OR ORAL), TORT, COMMON LAW OR OTHER LAW (A “DISPUTE”) AMONG THEM SHALL BE RESOLVED IN
ACCORDANCE WITH THE DISPUTE RESOLUTION PROCEDURES SET FORTH IN EXHIBIT K HERETO.

    
      
         

      

      
        - 11
-

        
          

        

      

      
         

      

    

    19.           Counterparts.  This
Agreement may be executed in counterparts by the Parties with the same force and
effect as if a single copy of this Agreement was executed by the Parties, and a
signature transmitted by facsimile (or other form of electronic transmission)
shall be deemed an original signature for the purposes of this
Agreement.

     

    [Remainder of this page intentionally
left blank]

    
      
         

      

      
        - 12
-

        
          

        

      

      
         

      

    

    20.           Each
of the signatories below represents and warrants that he or she has full power
and authority to sign this Agreement and to bind legally his or her respective
principal to all of the terms of this Agreement.

     

    IN
WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of
the date first written above.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              HIGHER PERPETUAL ENERGY, LLC

                                            
	 
      
	
                                              By:

                                            	
                                              /s/

                                            
	
                                              Name:

                                            	 
        
	
                                              Title:

                                            	   
      
	 
      	 
      
	
                                              PERPETUAL
      ENERGY LIMITED

                                            
	 
      	 
      
	
                                              By:

                                            	
                                              /s/

                                            
	
                                              Name:

                                            	 
        
	
                                              Title:

                                            	 
        
	 
      	 
      
	
                                              HIGHER POWER ENERGY, LLC

                                            
	 
      	 
      
	
                                              By:

                                            	
                                              /s/

                                            
	
                                              Name:

                                            	  
      
	
                                              Title:

                                            	 
       
	 
      	 
      
	
                                              DEWIND
      SWI WIND FARMS, LLC

                                            
	 
      	 
      
	
                                              By:

                                            	
                                              /s/

                                            
	
                                              Name:

                                            	 
       
	
                                              Title:

                                            	  
      
	 
      	 
      
	
                                              DEWIND
      ENERGY DEVELOPMENT COMPANY, LLC

                                            
	 
      	 
      
	
                                              By:

                                            	
                                              /s/

                                            
	
                                              Name:

                                            	  
      
	
                                              Title:

                                            	 
       

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        - 13
-

        
          

        

      

      
         

      

    

    ANNEX I

     

    DEFINED
TERMS

     

    “Assets” has the
meaning set forth in the Recitals.

     

    “Baker” has the
meaning set forth in the definition of Baker Assets.

     

    “Baker Assets”
Development Assets and Rights, including, without limitation, the rights
described on Exhibit I attached hereto for the development, construction,
operation and ownership of a proposed wind farm commonly referred to as Baker to
be located on real property of approximately 378 acres in the Counties of
Haskell and Throckmorton, Texas, at Latitude: 33' 18.47N, Longitude: 99' 28.73W
(“Baker).

     

    “Baker Sub” means the
Sub owning the Baker Assets.

     

    “Big Pringle” has the
meaning set forth in the Recitals.

     

    “BP” has the meaning
set forth in Paragraph
3(a)(iii).

     

    “BP Assets” has the
meaning set forth in the Recitals.

     

    “BP Sub” has the
meaning set forth in the Recitals.

     

    “Commercial Operation
Date” means, with respect to a Wind Farm, the date upon which commercial
operation under a power purchase agreement has occurred, or if there is no power
purchase agreement, substantial completion (or the like) under construction
contracts has occurred, in each case affecting substantially all of the Expected
MWs for such Wind Farm, and such wind turbines have been placed in service for
the purpose of qualifying for federal production tax credits, if any, and
depreciation.

     

    “Contribution
Agreement” has the meaning set forth in Exhibit
E.

     

    “Developer Fee(s)” has
the meaning set forth in Paragraph
3(a).

     

    “Development Assets and
Rights” has the meaning set forth in the Recitals.

     

    “DeWind” has the
meaning set forth in the Recitals.

     

    “Disposition” means,
with respect to any asset or any equity interest (including stock, share,
partnership interest, membership interest or any other equity interest (each an
“equity
interest”)) of Holdco or any Sub, a sale, assignment, transfer,
conveyance, gift, exchange or other disposition of such asset or equity
interest, whether such disposition be voluntary, involuntary or by operation of
law and a pledge of an equity interest (and any foreclosure
thereof).

     

    “Effective Date” has
the meaning set forth in the Recitals.

    
      
         

      

      
        - 14
-

        
          

        

      

      
         

      

    

    “Encumbrance” has the
meaning set forth in Paragraph
9(b).

     

    “Existing Transaction
Agreements” has the meaning set forth in the Recitals.

     

    “Expected MWs” has the
meaning set forth in Paragraph
4(b).

     

    “Expected MWs TSA” has
the meaning set forth in Paragraph
4(d).

     

    “Expected Start of
Construction Date” has the meaning set forth in Paragraph
4(b).

     

    “GAAP” means generally
accepted accounting principles as in effect in the United States from time to
time.

     

    “Haynes” has the
meaning set forth in the definition of Haynes Assets.

     

    “Haynes Assets”
Development Assets and Rights, including, without limitation, the rights
described on Exhibit J
attached hereto for the development, construction, operation and ownership of a
proposed wind farm commonly referred to as Haynes to be located on real property
of approximately 3352 acres in Grey County, Texas, approximately 12 miles
northwest of McLean, Texas, in rural, varying terrain area of USGS Hudgens
Ranch, TX Quadrangle (35.3680N, 100.6667W [NAD 27]) - 65 miles south, southeast
of Spearman, Texas (“Haynes”).

     

    “Haynes Sub” means the
Sub owning the Haynes Assets.

     

    “Higher Perpetual” has
the meaning set forth in the Recitals.

     

    “Higher Power” has the
meaning set forth in the Recitals.

     

    “Higher Power Sub I”
has the meaning set forth in Exhibit
E.

     

    “Higher Power Sub II”
has the meaning set forth in Exhibit
E.

     

    “Higher Power Parties”
has the meaning set forth in the Recitals.

     

    “Higher Power Released
Obligations” has the meaning set forth in Paragraph
2.

     

    “Holdco” has the
meaning set forth in the Recitals.

     

    “Installed Capacity”
has the meaning set forth in Paragraph
4(a)(iii).

     

    “Lien” means any lien,
mortgage, pledge, security interest, charge or encumbrance of any kind
(including, without limitation, any conditional sale or other title retention
agreement, any lease in the nature thereof, and any agreement to give any lien
or security interest).

     

    “Little Pringle One”
has the meaning set forth in the Recitals.

     

    “Little Pringle Two”
has the meaning set forth in the Recitals.

     

    “LLC Agreement” has
the meaning set forth in the Recitals.

    
      
         

      

      
        - 15
-

        
          

        

      

      
         

      

    

    “LP1 Assets” has the
meaning set forth in the Recitals.

     

    “LP1 Sub” has the
meaning set forth in the Recitals.

     

    “LP2 Assets” has the
meaning set forth in the Recitals.

     

    “LP2 Sub” has the
meaning set forth in the Recitals.

     

    “Notice to Proceed
Fee” has the meaning set forth in Paragraph
3(a)(iii).

     

    “Palo Duro” has the
meaning set forth in the Recitals.

     

    “Party” or “Parties” has the
meaning set forth in the Recitals.

     

    “PD” has the meaning
set forth in Paragraph
3(a)(v).

     

    “PD Assets” has the
meaning set forth in the Recitals.

     

    “PD Sub” has the
meaning set forth in the Recitals.

     

    “Permanent Financing”
means on or after the Commercial Operation Date, (i) for LP1 and LP2, the
receipt by Holdco or the Sub for such Wind Farm of an amount in excess of 80% of
the Wind Farm’s actual project costs, whether upon the issuance of equity or
long term debt as determined in accordance with GAAP or the sale or other
disposition of the Sub owning such Wind Farm or of all or any portion of such
Wind Farm, and (ii) for any other Wind Farm, the receipt by Holdco or the Sub
for such Wind Farm of an amount in excess of 50% of the Wind Farm’s actual
project costs, whether upon the issuance of equity or long term debt as
determined in accordance with GAAP or the sale or other disposition of the Sub
owning such Wind Farm or of all or any portion of such Wind Farm.

     

    “Permitted
Encumbrance” means (a) any Encumbrance for taxes not yet due or
delinquent or being contested in good faith by appropriate proceedings and for
which adequate reserves have been established in accordance with United States
generally accepted accounting principles; (b) any statutory Encumbrance for
utility assessments or other charges or assessments arising in the ordinary
course of business by operation of law with respect to a liability which is not
yet due or delinquent; (c) any Encumbrance or other matters relating to the
Assets (other than the PD Assets) disclosed in a title report delivered to
Holdco before the date of transfer of such Assets (other than the PD Assets)
pursuant to this Agreement; (d) any Encumbrance or other matters relating to the
PD Assets disclosed in a title report delivered to Holdco prior to the
expiration of the Screening Period; (e) materialmen’s, mechanics’, workers’,
repairmen’s, employees’ or other like Encumbrance, either for amounts not yet
due or for amounts being contested in good faith and by appropriate proceedings;
(f) encumbrances consisting of zoning restrictions, licenses, or restrictions on
the use of property, none of which, individually or collectively, materially
impair the property affected thereby for the purpose for which title was
acquired, materially interfere with the operation of the project, or otherwise
materially adversely impact the value of the Assets; and (g) any state of facts
that a current and accurate survey of real property would
reveal.

    
      
         

      

      
        - 16
-

        
          

        

      

      
         

      

    

    “Perpetual” has the
meaning set forth in the Recitals.

     

    “Perpetual Parties”
has the meaning set forth in the Recitals.

     

    “Perpetual Released
Obligations” has the meaning set forth in Paragraph
1.

     

    “Person” means any
individual, corporation, company, voluntary association, partnership, joint
venture, trust, unincorporated organization or government or any agency,
instrumentality or political subdivision thereof, or any other
entity.

     

    “Prudent Wind Industry
Practices” means those practices, methods, standards and acts (including
those engaged in or approved by a significant portion of the wind power industry
for similar facilities in the United States) that at a particular time in the
exercise of good judgment would have been expected to accomplish the desired
result in a manner consistent with applicable laws, safety, environmental
protection, economy and expedition.  Prudent Wind Industry Practices
are not intended to be limited to the optimum practices, methods or acts to the
exclusion of all others, but rather to be a spectrum of good and proper
practices, methods and acts.

     

    “Reserved Claims”
means, in the event of the failure of Perpetual to pay Developer Fees to Higher
Power when and as due pursuant to Paragraph 3 hereof,
the right of Higher Power to terminate the Lease Purchase Agreement, dated as of
July 27, 2007, by and between Higher Power and Higher Perpetual, as amended by
this Agreement.

     

    “Sale Fee” has the
meaning set forth in Paragraph
3(a)(iv).

     

    “Screening Period” has
the meaning set forth in Paragraph
4(b).

     

    “Target MWs” has the
meaning set forth in Paragraph
4(c).

     

    “Texas Courts” has the
meaning set forth in Exhibit K.

     

    “Third Party” means a
person not Holdco, a Sub, Perpetual or DeWind or an affiliate
thereof.

     

    “Transactions” has the
meaning set forth in the Recitals.

     

    “Wind Farms” has the
meaning set forth in the Recitals.

    
      
         

      

      
        - 17
-

        
          

        

      

      
         

      

    

    ANNEX II

     

    LIST OF
EXHIBITS

    

    
      
        	
                Exhibit
      A

              	
                Little
      Pringle One Development Rights and Assets

              
	
                Exhibit
      B

              	
                Little
      Pringle Two Development Rights and Assets

              
	
                Exhibit
      C

              	
                Big
      Pringle Development Rights and Assets

              
	
                Exhibit
      D

              	
                Palo
      Duro Development Rights and Assets

              
	
                Exhibit
      E

              	
                Existing
      Transaction Documents

              
	
                Exhibit
      F

              	
                Assumed
      Installed Capacity of the Wind Farms

              
	
                Exhibit
      G

              	
                Interconnection
      Agreements to Be Assumed

              
	
                Exhibit
      H

              	
                Higher
      Power Development Services

              
	
                Exhibit
      I

              	
                Baker
      Development Rights and Assets

              
	
                Exhibit
      J

              	
                Haynes
      Development Rights and Assets

              
	
                Exhibit
      K

              	
                Dispute
      Resolution Procedures

              

      

    

    
      
         

      

      
        - 18
-

        
          

        

      

      
         

      

    

    EXHIBIT
A

     

    LITTLE PRINGLE ONE
DEVELOPMENT RIGHTS AND ASSETS

    

    The “LP1
Assets”, as such term is defined in the Contribution Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
B

     

    LITTLE PRINGLE TWO
DEVELOPMENT RIGHTS AND ASSETS

     

    The “LP2
Assets”, as such term is defined in the Contribution Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
C

     

    BIG PRINGLE DEVELOPMENT
RIGHTS AND ASSETS

     

    The “Big
Pringle Assets”, as such term is defined in the Contribution
Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
D

     

    PALO DURO DEVELOPMENT RIGHTS
AND ASSETS

     

    The “PD1
Assets”, as such term is defined in the Contribution Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
E

     

    EXISTING TRANSACTION
AGREEMENTS

     

    Lease
Purchase Agreement, dated as of July 27, 2007, by and between Higher Power and
Higher Perpetual

     

    Company
Agreement of Higher Perpetual, dated as of July 27, 2007, by Higher Power and
Perpetual

     

    Limited
Liability Company Agreement of Holdco, dated as of the Effective Date, by Higher
Perpetual and DeWind

     

    Conveyance
and Contribution Agreement, dated as of the Effective Date, by and between
Higher Perpetual, Perpetual, DeWind, Higher Power, Holdco, LP1 Sub, LP2 Sub, BP
Sub, and PD Sub (“Contribution
Agreement”)

     

    Assignment
and Assumption Agreement, dated on or about the Effective Date, by and between
Higher Power and LP1 Sub

     

    Assignment
and Assumption Agreement, dated on or about the Effective Date, by and between
Higher Power and LP2 Sub

     

    Assignment
and Assumption Agreement, dated on or about the Effective Date, by and between
Higher Power and BP Sub

     

    Assignment
and Assumption Agreement, dated on or about the Effective Date, by and between
Higher Power and PD Sub

     

    Assignment
and Assumption Agreement to be entered into by and between Pringle Wind II, LLC,
a Texas limited liability company (“Higher Power Sub
II”), and LP1 Sub, and to be consented to and acknowledged by Hutchinson
County, acting through its Commissioners Court, of that certain Tax Abatement
Agreement dated August 15, 2008, between Higher Power Sub II and Hutchinson
County, acting through its Commissioners Court

     

    Assignment
and Assumption Agreement to be entered into by and between Pringle Wind I, LLC,
a Texas limited liability company (“Higher Power Sub
I”),  and LP2 Sub, and to be consented to and acknowledged by
Hutchinson County, acting through its Commissioners Court, of that certain Tax
Abatement Agreement dated August 15, 2008, between Higher Power Sub I and
Hutchinson County, acting through its Commissioners Court

     

    Assignment
Agreement, dated on or about the Effective Date, by and between Higher Power Sub
II and LP1 Sub

     

    Assignment
Agreement, dated on or about the Effective Date, by and between Higher Power Sub
I and LP2 Sub

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Turbine
Supply and Warranty Agreement, dated on or about the Effective Date, by and
between DeWind, Inc., a Nevada corporation (“DeWind,
Inc.”), and LP1 Sub

     

    Turbine
Supply and Warranty Agreement to be entered into by DeWind, Inc. and LP2 Sub, in
the form attached to the LLC Agreement

     

    Turbine
Supply and Warranty Agreement to be entered into by DeWind, Inc. and BP Sub, in
the form attached to the LLC Agreement

     

    Turbine
Supply and Warranty Agreement to be entered into by DeWind, Inc. and PD Sub, in
the form attached to the LLC Agreement

     

    Limited
Liability Company Agreement of LP1 Sub, dated as of the Effective Date, by
Holdco

     

    Limited
Liability Company Agreement of LP2 Sub, dated as of the Effective Date, by
Holdco

     

    Limited
Liability Company Agreement of BP Sub, dated as of the Effective Date, by
Holdco

     

    Limited
Liability Company Agreement of PD Sub, dated as of the Effective Date, by
Holdco

    
      
         

      

      
        - E2
-

        
          

        

      

      
         

      

    

     

    EXHIBIT
F

     

    ASSUMED INSTALLED CAPACITY
OF THE WIND FARMS

     

    
      
        
          
            	
                    WIND
      FARM INSTALLED CAPACITY (MWs)

                  
	
                    Little
      Pringle 1

                  	
                    10

                  
	
                    Little
      Pringle 1

                  	
                    10

                  
	
                    Big
      Pringle

                  	
                    200

                  
	
                    Palo
      Duro

                  	
                    400

                  
	
                    Baker

                  	
                    400

                  
	
                    Haynes

                  	
                    200

                  

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    EXHIBIT
G

     

    INTERCONNECTION AGREEMENTS
TO BE ASSUMED

    

    Interconnection
Feasibility Study Agreement (GEN-2007-005) dated as of February 19, 2007 by
Higher Power Energy and Southwest Power Pool, Inc., a corporation existing under
the laws of the State of Arkansas, with accompanying letter dated February 23,
2007 from Southwest Power Pool to Richard C. Gross P.E. Inc. regarding
Feasibility Study GEN-2007-005.

    

    Interconnection
Feasibility Study Agreement (GEN-2007-048) dated as of October 23, 2007 by
Higher Power Energy and Southwest Power Pool, Inc., a corporation existing under
the laws of the State of Arkansas, along with accompanying letters dated October
18, 2007 and October 25, 2007, respectively, each from Southwest Power Pool to
Mark Patkunas at Higher Power Energy regarding Feasibility Study GEN-2007-048,
and along with other accompanying documentation.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
H

    HIGHER POWER DEVELOPMENT
SERVICES

     

    
      	
              ·

            	
              Community
      Support and Involvement

            

    

     

    
      	
               
      

            	
              o

            	
              Encumbrance
      Research

            

    

     

    
      	
               
      

            	
              o

            	
              Education
      and Charity

            

    

     

    
      	
               
      

            	
              o

            	
              Ongoing
      Community Relations

            

    

     

    
      	
              ·

            	
              Met
      Tower Installation

            

    

     

    
      	
               
      

            	
              o

            	
              Wind
      Data Collection

            

    

     

    
      	
              ·

            	
              Interconnect
      Agreement

            

    

     

    
      	
               
      

            	
              o

            	
              Feasibility
      Study

            

    

     

    
      	
               
      

            	
              o

            	
              Impact
      Study

            

    

     

    
      	
               
      

            	
              o

            	
              Facility
      Study

            

    

     

    
      	
              ·

            	
              Transmission
      Agreement

            

    

     

    
      	
              ·

            	
              Site
      Survey

            

    

     

    
      	
              ·

            	
              Environmental
      Study

            

    

     

    
      	
              ·

            	
              Geotechnical
      Study

            

    

     

    
      	
              ·

            	
              Wind
      Study

            

    

     

    
      	
              ·

            	
              Wind
      Farm Design Input

            

    

     

    
      	
              ·

            	
              Local
      Permits

            

    

     

    
      	
              ·

            	
              Title
      Work (as necessary to render title reasonably acceptable to a lender
      exercising Prudent Wind Energy Practices,
  including:)

            

    

     

    
      	
               
      

            	
              o

            	
              Pursuing
      appropriate noninterference/nondisturbance agreements with oil and gas
      operators and pipeline operators and holders of
  mortgages

            

    

     

    
      	
               
      

            	
              o

            	
              Assist
      in obtaining title insurance

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              o

            	
              Pursuing
      appropriate subordination agreements or nondisturbance agreements with
      lenders holding mortgages superior to any wind leases for the Wind
      Farms

            

    

     

    
      	
              ·

            	
              Prepare,
      submit, obtain all other permit applications required to design, construct
      and operate the Wind Farms

            

    

     

    
      	
              ·

            	
              Obtain
      FAA and applicable environmental
permits

            

    

     

    
      	
              ·

            	
              Obtain
      favorable tax abatement and value limitation decisions under Texas Tax
      Code Section 312 and assist with obtaining favorable tax abatement and
      value limitation decisions under Texas Tax Code Section 313, in each case
      for not less than 7 years

            

    

     

    
      	
              ·

            	
              Design
      and obtain required approvals of any transmission and interconnect
      facilities and fully executed interconnection and transmission
      agreements

            

    

     

    
      	
              ·

            	
              Coordinate
      with ERCOT, Southwest Power Pool, Federal Energy Regulatory Commission,
      and assure compliance with Texas or other applicable state, county and
      municipal regulatory agencies

            

    

     

    
      	
              ·

            	
              Assist
      as required to develop market opportunities for the sale of the
      electricity renewable energy credits and other environmental attributes to
      be produced by the Wind Farms and offered for sale by the Subs and prepare
      and to obtain binding letters of intent or term sheets and take or pay
      power purchase agreements for each Wind Farm other than Little Pringle One
      and Little Pringle Two sufficient for project financiers to support
      financing

            

    

     

    
      	
              ·

            	
              Assist
      as required to develop plan design, BOP specifications, BOP contract
      negotiations and facilitate BOP contract
  administration

            

    

     

    
      	
              ·

            	
              Assist
      in hiring of owner’s engineer

            

    

     

    
      	
              ·

            	
              Assist
      in preparing the initial designs and specifications of and siting of
      equipment to achieve the development
budget

            

    

    
      
         

      

      
        - H2
-

        
          

        

      

      
         

      

    

    EXHIBIT
I

     

    BAKER DEVELOPMENT RIGHTS AND
ASSETS

     

    Any and
all data, books, records, contracts, permits, reports, and any other properties,
assets and rights of any kind, whether tangible or intangible, real or personal,
as well as any communications, correspondence, and business dealings regarding
the Baker Assets, sent by Higher Power, Higher Perpetual, or Perpetual to Holdco
or DeWind or their respective agents or representatives.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
J

     

    HAYNES DEVELOPMENT RIGHTS
AND ASSETS

     

    Any and
all data, books, records, contracts, permits, reports, and any other properties,
assets and rights of any kind, whether tangible or intangible, real or personal,
as well as any communications, correspondence, and business dealings regarding
the Haynes Assets, sent by Higher Power, Higher Perpetual, or Perpetual to
Holdco or DeWind or their respective agents or representatives.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
K

     

    DISPUTE RESOLUTION
PROCEDURES

     

    
      	
              1.0

            	
              Applicability

            

    

     

    Unless
stated otherwise herein, all Disputes shall be resolved in accordance with the
dispute resolution procedures set forth in this Exhibit K.
Notwithstanding the foregoing, (a) the Parties may at any time seek
injunctive or equitable relief from a court of competent jurisdiction, and
(b) nothing herein shall prevent a Party from defending or pursuing any
claim in a court or other proceeding against a third party that has been
initiated by such third party.

     

    
      	
              2.0

            	
              Negotiations
      By Senior Management

            

    

     

    2.1           In
the event of a Dispute between the Parties, the Parties will use all reasonable
efforts to reach a satisfactory solution by referring the Dispute to senior
management of each of the Parties.

     

    2.2           Senior
management of the Parties will meet as soon as possible, on no less than seven
(7) Days’ written notice, unless specifically agreed otherwise and shall
negotiate in good faith.  Senior management of the Parties shall
examine any submissions by the Parties, and shall, if the Dispute cannot be
resolved immediately, agree to convene for further negotiations aimed at
resolving the Dispute.

     

    2.3           Should
senior management of the Parties be unable to resolve the Dispute within thirty
(30) Days after commencement of negotiation by such senior management, then the
Parties shall be entitled to pursue any and all available remedies at law,
equity or contract in accordance with Section 3 of this
Exhibit K
below.

     

    
      	
              3.0

            	
              Jurisdiction;
      Consent to Service of Process; Waiver of Jury
  Trial

            

    

     

    3.1           Any
Dispute, which cannot be amicably resolved by the Parties hereto as provided
above, shall be exclusively resolved in the Texas Courts in accordance with this
Section 3 of
this Exhibit
K.

     

    3.2           Each
of the Parties hereby irrevocably and unconditionally submits, for itself and
its property, to the exclusive jurisdiction of any Texas State court or federal
court of the United States of America sitting in Houston, and any appellate
court from any thereof (collectively, the “Texas
Courts”), in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the
Parties hereby irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in the Texas
Courts.  Each of the Parties further irrevocably consents to the service of
process in any action or proceeding in such courts by the mailing thereof by any
parties thereto by registered or certified mail, postage prepaid, to such Party
at the address specified for such Party in Paragraph 17 of
this Agreement.  Each of the Parties agrees that a final judgment in any
such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by
Law.  In addition, Perpetual hereby appoints CT Corporation as its
agent to receive service of process in any Dispute or other matter relating to
this Agreement or the transactions contemplated hereby and agrees that such a
mailing to CT Corporation shall be valid service of process on
Perpetual.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.3           Each
of the Parties hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection which it may now or
hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Agreement in any Texas Court.  Each of the
Parties hereby irrevocably waives, to the fullest extent permitted by Law, the
defense of an inconvenient forum to the maintenance of such action or proceeding
in any such court.

     

    3.4           EACH
OF THE PARTIES HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. 
EACH PARTY HERETO (A) CERTIFIES THAT IT IS RELYING ON THE WAIVER CONTAINED
HEREIN AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTION DOCUMENTS, BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
3.4.

    
      
         

      

      
        - K2
-

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