Document:

Exhibit 10.46(a)

 

NOBLE ENVIRONMENTAL POWER, LLC

 

SUBSCRIPTION AGREEMENT

 

This
Subscription Agreement (this “Subscription Agreement”), dated as of August
15, 2008, is made by and between Noble Environmental Power, LLC, a Delaware
limited liability company (the “Company”) and the undersigned (the “Subscriber”).

 

WHEREAS, pursuant to the terms and conditions of
this Subscription Agreement and the Fifth Amended and Restated Limited
Liability Company Operating Agreement of the Company dated July 10, 2008,
as amended from time to time (the “Operating Agreement”), the Company
desires to sell to the Subscriber and the Subscriber desires to purchase from
the Company, the number of Series B Incentive Units and Series B
Performance Units (collectively, the “Units”) set forth opposite the
Subscriber’s name on the attached Schedule A at a price of $0.10 per
Unit (the “Subscription Price”).

 

In
consideration of the Company’s issuance of the Subscribed Units (as defined
below) in the Company to the Subscriber, upon the terms and conditions set
forth herein, the Subscriber hereby agrees and represents as follows:

 

SECTION 1.  SUBSCRIPTION.

 

(a)           The Subscriber hereby subscribes for and
agrees to purchase the number of Series B Incentive Units and Series B
Performance Units set forth opposite the Subscriber’s name on the attached Schedule
A  (the “Subscribed
Units”).

 

(b)           Together with the execution and delivery of
this Subscription Agreement, the Subscriber shall deliver to the Company: (i) a
check to the Company, payable to the order of the Company in the amount of the
Subscription Price in payment for the Subscribed Units; and (ii) copies of
(A) the Operating Agreement, (B) the Amended and Restated Members’
Agreement of the Company dated December 21, 2007, as amended from time to
time (the “Members’ Agreement”), and (C) the Restricted Stock
Agreement by and between the Company and the Subscriber (the “Restricted
Stock Agreement”), each duly executed by the Subscriber.  Upon the receipt by the Company of the
Subscriber’s check in the amount of the Subscription Price, an executed copy of
this Subscription Agreement from the Subscriber, executed copies of the
Operating Agreement, the Members’ Agreement and the Restricted Stock Agreement
and the execution of this Subscription Agreement by the Company, the Company
shall, subject to the terms of such documents, promptly issue the Subscribed
Units to the Subscriber without further action.

 

(c)           The execution and delivery to the Company
of this Subscription Agreement, along with those actions of the Subscriber set
forth in Section 1(b) of this Subscription Agreement, is required to
occur in accordance with the terms of this Subscription Agreement on or before July 11,
2008.  Failure to so act by such time
shall cause this Subscription Agreement to be null and void and to have no
further force or effect, and the Subscriber shall have no rights to the
Subscribed Units or any rights hereunder.

 

 

SECTION 2.  REPRESENTATIONS, WARRANTIES AND COVENANTS.

 

The
Subscriber makes the following representations, warranties and covenants with
the intent that the same may be relied upon in determining the Subscriber’s
suitability to become a Member of the Company with respect to the Subscribed
Units and with the understanding that the availability of exemptions from
registration of the offering may depend upon the accuracy of such
representations and warranties.  In
consideration for receiving the opportunity to purchase the Subscribed Units,
the Subscriber hereby represents, warrants and covenants to the Company as
follows:

 

(a)           Knowledge of Terms and Conditions.  The Subscriber and the Subscriber’s
attorneys, accountants and advisers have had a reasonable opportunity to ask
questions of and receive answers from the Company (or a person or persons
acting on behalf of the Company) concerning the terms and conditions of the
offering of the Subscribed Units and to obtain information (to the extent
possessed or obtainable by the Company without unreasonable effort or expense)
necessary to evaluate the merits of the investment.  All such questions have been answered to the
full satisfaction of the Subscriber.  The
Subscriber acknowledges that no oral representations have been made or information
furnished to the Subscriber or the Subscriber’s attorneys, accountants or
advisers in connection with the offering of the Subscribed Units that is in any
way inconsistent with this Subscription Agreement.

 

(b)           Risk Factors. 
The Subscriber understands that an investment in the Company involves
significant risks.  The Subscriber is
fully cognizant of and understands all of the risks related to the Company and
the Subscribed Units.

 

(c)           Not a Registered Offering.  The Subscriber understands that, in reliance
upon the Subscriber’s representations, warranties and covenants, neither the
opportunity to purchase the Subscribed Units nor the sale of the Subscribed
Units have been registered under the Securities Act of 1933, as amended (the “Act”)
or any applicable state securities laws, and are being offered and sold
pursuant to limited exemptions provided in Section 3(b) and/or Section 4(2) of
the Act and all applicable state securities laws.  The Subscriber understands that no
governmental agency has recommended or endorsed the Subscribed Units or made
any finding or determination relating to the adequacy or accuracy of the
fairness for investment of the Subscribed Units.  The Subscriber was not offered or sold the
Subscribed Units, directly or indirectly, by means of any form of general solicitation
or general advertising, including, without limitation, the following:  (i) any advertisement, article, notice
or other communication published in any newspaper, magazine or similar medium
or broadcast over television or radio; or (ii) any seminar or meeting
whose attendees had been invited by any general solicitation or general
advertising.

 

(d)           Accredited Investor.  The Subscriber is either an “Accredited
Investor” within the meaning of Regulation D promulgated under the Act or
possesses sophistication, knowledge and experience in financial matters.  In making this representation and warranty,
the Subscriber acknowledges that he has received and 

 

2

 

carefully
reviewed the definition of Accredited Investor (as used in Regulation D), which
is attached hereto as Schedule B and incorporated herein by this
reference.

 

(e)           Sophisticated Investor.  The Subscriber expressly represents that: (i) the
Subscriber has such knowledge and experience in financial and business matters
in general, and in investments of the type of an investment in the Company in
particular, that the Subscriber is capable of evaluating the merits and risks
of the prospective investment; (ii) the Subscriber’s financial condition
is such that the Subscriber has no need for liquidity with respect to the
Subscriber’s investment in the Company to satisfy any existing or contemplated
undertaking or indebtedness; (iii) the Subscriber is able to bear the
economic risk of the Subscriber’s investment in the Company for an indefinite
period of time, including the risk of losing all of the Subscriber’s
investment; (iv) the Subscriber has no need for a current cash return with
respect to the Subscriber’s investment in the Company; and (v) by reason
of the Subscriber’s knowledge and experience in business and financial matters,
the Subscriber has acquired the capacity to protect his own interest in
investments of this nature and is capable of evaluating the risks, merits and
other facets of the Subscribed Units.

 

(f)            Purchase for Investment.  The Subscribed Units are being purchased
solely for the Subscriber’s own account for investment purposes only and not
for the account of any other person and not for distribution, assignment or
resale to others, and no other person has a direct or indirect beneficial
interest in the Subscribed Units.

 

(g)           Restrictions on Transfer.  The Subscriber understands and agrees that in
addition to those restrictions on transferring the Subscribed Units imposed by
the Operating Agreement, Members’ Agreement and Restricted Stock Agreement,
because neither the opportunity to purchase the Subscribed Units nor the sale
of the Subscribed Units have been registered under federal or state securities
laws, the Subscribed Units may not at any time be sold or otherwise disposed of
by the Subscriber unless (i) such sale or disposal is permitted by the
Operating Agreement, Members’ Agreement and Restricted Stock Agreement and (ii) the
Subscribed Units are registered under the Act or there is applicable to such
sale or other disposition one of the limited exemptions from registration set
forth in the Act, the rules and regulations of the Securities and Exchange
Commission thereunder, and under applicable state law.  The Subscriber further understands that the
Company has no obligation or present intention to register the Subscribed Units
or to permit their sale other than in strict compliance with the Act, the
Securities and Exchange Commission rules and regulations thereunder and
under applicable state law.  The
Subscriber understands that the Subscriber may not be able to sell or dispose
of the Subscribed Units and that there will be no public market for such
Subscribed Units.

 

(h)           Tax Consequences of Investment.  The Subscriber understands that the tax
consequences of an investment in the Subscribed Units depend upon the
individual circumstances of the owner of such Subscribed Units and the fair
market value of the Subscribed Units on the date that the tax event occurs,
which may be greater than the Subscription Price and may result in ordinary
income to the Subscriber.  The Subscriber further understands that there
can be no assurance that the Internal Revenue Code of 

 

3

 

1986, as
amended, or the Treasury Regulations promulgated thereunder will not be amended
or applied in such a manner as to deprive the Subscriber of some or all of the
tax benefits which the Subscriber might otherwise expect to receive from
investment in the Company. The Subscriber is ultimately liable and responsible
for all taxes owed in connection with the Subscribed Units, regardless of any
action the Company takes with respect to any tax withholding obligations that
arise in connection with the Subscribed Units.  Neither the Company nor
any of its affiliates makes any representation or undertaking regarding the
treatment of any tax associated with the purchase or vesting of the Subscribed
Units.  The Company and its affiliates do not commit and are under no
obligation to structure the Subscribed Units to reduce or eliminate the
Subscriber’s tax liability. Prior to any event in connection with the
Subscribed Units (e.g., vesting or the filing of an 83(b) election by the
Subscriber) that the Company determines may result in any tax withholding
obligation, whether national, federal, state or local, including any employment
tax obligation (the “Tax Withholding Obligation”), the Subscriber shall
make arrangements satisfactory to the Company for the satisfaction of any Tax
Withholding Obligation that arise in connection with his/her Subscribed
Units.  The Subscriber acknowledges and agrees that the Company may refuse
to issue any Subscribed Units to the Subscriber in the event the Subscriber
fails to satisfy the Tax Withholding Obligation when due. To the maximum extent
permitted by law, the Company has the right to retain without notice from
Subscribed Units transferable to Subscriber upon vesting or from compensation
payable to the Subscriber in cash or in common stock having a value sufficient
to satisfy the Tax Withholding Obligation.

 

(i)            Residence. 
The Subscriber, if an individual, is a bona fide resident of the state
set forth in the address under his or her name on Schedule A.

 

(j)            Confidential or Proprietary Information.

 

(I)            Except in connection with the faithful
performance of the Subscriber’s duties as an employee of the Company or any of
its subsidiaries, or pursuant to Sections 2(j)(III) or (IV) of
this Subscription Agreement, the Subscriber will not, at any time during
the Subscriber’s employment with the Company or thereafter, directly,
indirectly or otherwise, use, disseminate, disclose or publish, or use for the
Subscriber’s benefit, or for the benefit of any person, firm, corporation or
other entity, any Confidential or Proprietary Information of or relating to the
Company or any entity that directly or indirectly controls, is controlled by or
is under common control with the Company (along with the Company, the “Company
Group;” references to the Company Group contained in this Subscription
Agreement shall refer both to each member of the Company Group and the Company
Group as a whole), nor shall the Subscriber deliver to any person, firm,
corporation or other entity any document, record, notebook, computer program or
similar repository of or containing any such Confidential or Proprietary
Information.  For purposes of this
Subscription Agreement, “Confidential or Proprietary Information”
includes, without limitation: all trade secrets, intellectual property in the
form of patents, trademarks and copyrights and applications therefor, ideas,
inventions, works, discoveries, improvements, information, documents, formulae,
practices, processes, methods, developments, 

 

4

 

source code,
modifications, technology, techniques, data, programs, other know-how or
materials, owned, developed or possessed by the Company Group, whether in
tangible or intangible form, information with respect to the Company Group’s
operations, processes, products, inventions, business practices, finances,
principals, vendors, suppliers, customers, potential customers, marketing
methods, costs, prices, contractual relationships, regulatory status, prospects
and compensation paid to employees or other terms of employment.  The parties hereby stipulate and agree that
as between them the foregoing matters are important and material Confidential
or Proprietary Information, which affect the successful conduct of the
businesses of the Company Group (and any successor or assignee of the Company
Group).

 

(II)           Upon termination of the Subscriber’s
employment with the Company, whether at the instance of the Subscriber or the
Company and for whatever reason, the Subscriber will promptly deliver to the
Company all correspondence, records, drawings, manuals, letters, notes,
notebooks, computers, cell phones, reports, programs, data, audio or videotapes
(or other information contained on any digital information medium), plans,
proposals, financial documents, or any other documents or materials containing Confidential or Proprietary
Information, information otherwise owned by the Company Group, or information concerning
the customers, business plans, marketing strategies, products or processes of
the Company Group.  The Subscriber shall
also return any materials or information received in connection with the
Subscriber’s employment with the Company Group from clients, prospects or
vendors of the Company Group.

 

(III)         The Subscriber may respond to a lawful and valid subpoena or
other legal process; provided, however, that the Subscriber shall
give the Company the earliest possible notice thereof, and shall, as much in
advance of the return date as possible, make available to the Company and its
counsel the documents and other information sought.  The Subscriber shall assist such counsel at
the Company’s expense in resisting or otherwise responding to such subpoena or
process.

 

(IV)         Nothing in this Subscription Agreement shall prohibit the
Subscriber from (i) disclosing information and documents when required by
law, subpoena or court order (subject to the requirements of Section 2(j)(III) of
this Subscription Agreement); (ii) disclosing information that has been or
is hereafter made public through no act or omission of the Subscriber in
violation of this Subscription Agreement or any other confidentiality
obligation or duty owed to the Company or the Company Group and through no act
or omission of any other person which, to the knowledge of the Subscriber, has
any legally binding confidentiality obligation or duty to the Company or the
Company Group; (iii) disclosing information and documents to the
Subscriber’s attorney or tax adviser for the purpose of securing legal or tax
advice; (iv) disclosing the post-employment restrictions in this
Subscription Agreement in confidence to any potential new employer; or (v) retaining,
at any time, the Subscriber’s personal 

 

5

 

correspondence,
personal rolodex and documents related to the Subscriber’s own personal
benefits, entitlements and obligations.

 

(k)           Inventions. 
All rights to discoveries, inventions, documents, improvements and
innovations (including all data and records pertaining thereto) related to the
business of the Company, whether or not patentable, copyrightable, registrable
as a trademark, or reduced to writing, that the Subscriber may discover,
invent, improve, modify or originate during the Subscriber’s employment, either
alone or with others and whether or not during working hours or by the use of
the facilities of the Company Group (“Inventions”), shall be the
exclusive property of the Company Group. 
The Subscriber shall promptly disclose all Inventions to the Company,
shall execute at the request of the Company any assignments or other documents
the Company may deem reasonably necessary to protect or perfect the rights of
the Company Group therein, and shall assist the Company Group, upon reasonable
request and at the Company’s expense, in obtaining, defending and enforcing the
Company Group’s rights.  The Subscriber hereby
appoints the Company as the Subscriber’s attorney-in-fact to execute on the
Subscriber’s behalf any assignments or other documents reasonably deemed
necessary by the Company to protect or perfect the Company Group’s rights to
any Inventions.

 

(l)            Non-Competition and
Non-Solicitation.

 

(I)            While the Subscriber is employed by the
Company or any of its subsidiaries for the period beginning on the date of the
Subscriber’s termination of employment with the Company or any of its
subsidiaries for any reason and ending six (6) months later, the
Subscriber shall not directly or indirectly, individually or on behalf of any
other person or entity, manage, participate in, work for, consult with, render
services for, or take an interest in (as an owner, stockholder, partner or
lender) any Competitor in an area of business in which Competitor directly
competes or seeks to directly compete with the Company Group.

 

(II)           For purposes of this Subscription
Agreement, “Competitor” means any business, company or individual which is in
the business, or is actively seeking to be in the business, of developing,
constructing, managing, owning or operating wind energy projects in: (i) Connecticut;
(ii) Maine; (iii) Michigan; (iv) New Hampshire; (v) New
York; (vi) Texas; (vii) Vermont; (viii) Wyoming; or (ix) any
other state in the United States in which the Company Group operates, or has
been developing, wind energy projects within the twelve (12) months preceding
the Subscriber’s termination of employment.

 

(III)         While the Subscriber is employed by the Company Group and for
a period of six (6) months following the Subscriber’s termination of
employment for whatever reason, the Subscriber shall not directly or
indirectly, individually or on behalf of any other person or entity:

 

(a)           divert or attempt to divert from the Company Group any
business with any customer, partner or other person with which the 

 

6

 

Company Group had any business contact or association while the
Subscriber was employed by the Company;

 

(b)           induce or attempt to induce any customer, partner or
other person with which the Company Group had any business contact or
association to reduce or refrain from doing business with the Company Group;

 

(c)           induce or attempt to induce, or cause, other than by
means of any general solicitation by advertisement or otherwise, any employee
or consultant of the Company Group to terminate his or her employment or
relationship with the Company Group; or

 

(d)           recruit or hire, other than by means of any general
solicitation by advertisement or otherwise, any person who was an employee or
consultant of the Company Group after his or her employment or relationship
with the Company Group has terminated, provided that in no event shall this clause
prohibit the Subscriber from engaging the services of well-established
accounting, legal, consulting or financial services firms.

 

(m)          Non-Disparagement.  The Subscriber agrees, while he is
employed by the Company and thereafter, to refrain from disparaging
the Company Group, including any of their services, technologies or practices,
or any of their directors, officers, agents, employees, former employees,
representatives or stockholders, either orally or in writing; provided, however,
that nothing in the foregoing shall preclude the Subscriber from making
truthful statements that are required by applicable law, regulation or legal
process.  The Company agrees, while the
Subscriber is employed by the Company and thereafter, to refrain from
disparaging the Subscriber; provided, that the Company’s agreement to
this non-disparagement clause shall be limited to official statements issued by
the Company as an organization and statements of officers of the Company and
members of the Board of Managers of the Company (or similar governing body of
the Company); provided,  further, that nothing in the foregoing
shall preclude the Company, its officers or members of the Board of Managers of
the Company (or similar governing body of the Company) from making truthful
statements that are required by applicable law, regulation or legal process.

 

(n)           Injunctive Relief; Other Agreements.  The Subscriber acknowledges that a breach of
the covenants contained in Sections 2(g) and 2(j) through 2(m) of
this Subscription Agreement will cause irreparable damage to the Company and
its goodwill, the exact amount of which will be difficult or impossible to
ascertain, and that the remedies at law for any such breach will be
inadequate.  Accordingly, the Subscriber
agrees that in the event of a breach of any of the covenants contained in
Sections 2(g) and 2(j) through 2(m) of this Subscription
Agreement, in addition to any other remedy which may be available at law or in
equity, the Company will be entitled to specific performance and injunctive
relief.  The provisions in Sections 2(j) through
(m) of this Subscription Agreement are in addition to, and will in no way
limit the application of, 

 

7

 

any other
covenant, restriction, undertaking, representation or warranty made by or in
respect of the Subscriber to the Company in any other agreement.

 

(o)           Representations, Warranties and Covenants.  All of the representations, warranties and
covenants set forth in this Section 2 and as set forth in the
Operating Agreement are true, accurate and complete as of the date hereof and
shall be true, accurate and complete as of the date of the acceptance hereof by
the Company.  If in any respect the
representations, warranties and covenants shall not be true, complete and
accurate prior thereto, the Subscriber will give written notice of that fact to
the Company, specifying which representations and warranties are not true and
accurate and the reasons therefor.

 

SECTION 3.  INDEMNIFICATION.

 

The
Subscriber shall indemnify, defend and hold harmless the Company and its
officers, employees, managers, members and agents from and against all damages,
losses, liabilities, costs and expenses (including, without limitation,
reasonable attorneys’ fees) which they may incur by reason of the failure of
the Subscriber to fulfill any of the terms or conditions of this Subscription
Agreement, by reason of any misrepresentation made by the Subscriber or by
reason of any breach of any representation or warranty made by the Subscriber
herein.

 

SECTION 4.  NONTRANSFERABILITY.

 

The
Subscriber may not transfer or assign this Subscription Agreement or any of the
Subscriber’s interest herein.  Any
transfer or assignment of the Subscribed Units acquired pursuant hereto shall
be made only in accordance with all applicable laws and the Operating
Agreement, Members’ Agreement and Restricted Stock Agreement.  As evidence of certain of the restrictions on
transfer, the following legends will be placed on the certificates, if any,
evidencing the Subscribed Units:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT
AND HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES OR BLUE SKY LAWS.  THESE SECURITIES MAY NOT BE SOLD OR
TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER
SAID ACT OR LAWS.”

 

SECTION 5.  IRREVOCABILITY; BINDING ON SUCCESSORS AND
ASSIGNS.

 

The
Subscriber may not cancel, terminate or revoke this Subscription Agreement or
any agreement made by it hereunder. This Subscription Agreement shall survive
the bankruptcy or dissolution of the Subscriber and shall be binding upon the
Subscriber’s successors and assigns.  The
Subscriber further acknowledges and agrees that the Company may, in its sole
discretion and for any reason whatsoever, reject the Subscriber’s subscription
to purchase the Subscribed Units pursuant to the terms of this Subscription
Agreement.  For the avoidance of doubt,
this Subscription Agreement shall survive a conversion of the Company into a
corporation as 

 

8

 

contemplated by the Operating Agreement, and any
conversion of the Subscribed Units into Conversion Shares (as such term is used
and defined in the Operating Agreement).

 

SECTION 6.  ENTIRE AGREEMENT.

 

This
Subscription Agreement, the Operating Agreement, the Members’ Agreement and the
Restricted Stock Agreement, including all exhibits thereto, constitute the
entire agreement among the parties hereto with respect to the subject matter
hereof.  This Subscription Agreement may
be amended only by a writing executed by the parties hereto.

 

SECTION 7.  GOVERNING LAW; JURISDICTION; WAIVER OF JURY
TRIAL.

 

This
Subscription Agreement hereby incorporates by reference Section 26 of the
Operating Agreement; provided, that references to “Agreement” in such
section shall instead refer to this “Subscription Agreement” for purposes of
such section’s use in this Subscription Agreement.

 

SECTION 8. 
COUNTERPARTS.

 

This
Subscription Agreement may be executed in any number of original or facsimile
counterparts, and each such counterpart hereof shall be deemed to be an
original instrument, but all such counterparts together shall constitute one
agreement.

 

SECTION 9. 
EXPENSES.

 

Notwithstanding
Section 35 of the Operating Agreement or Section 2.9 of the Members’
Agreement,  the Subscriber shall be responsible
for all of his or her expenses including any fees, disbursements and other
charges of counsel, incurred in connection with the preparation, execution and
delivery of this Subscription Agreement and the consummation of the
transactions contemplated hereby.

 

SECTION 10. 
CONSENT OF SPOUSES.

 

If
requested by the Company, the Subscriber shall cause his or her spouse to
execute and deliver a separate consent and agreement substantially in the form
attached as Schedule C hereto (a “Spousal Consent”), and deliver
such executed Spousal Consent to the Company within ten (10) business days
of such request by the Company. The signature of a spouse on a Spousal Consent
shall not be construed as making such spouse a Member of the Company or a party
to this Subscription Agreement, the Operating Agreement, the Members’ Agreement
or the Restricted Stock Agreement except as may otherwise be set forth in the
Spousal Consent. Each Member who is an individual will certify his or her
marital status to the Company at the Company’s request.

 

SECTION 11. 
FURTHER ASSURANCES.

 

Each
party hereto shall do and perform or cause to be done and performed all such
further acts and things and shall execute and deliver all such other
agreements, certificates, instruments, and documents as any other party hereto
reasonably may request in order to carry out the 

 

9

 

provisions of this Subscription Agreement and the
consummation of the transactions contemplated hereby.  Such further actions shall explicitly
include, at the Company’s request, the Subscriber’s obligation to execute an
additional agreement without further consideration setting forth the
representations, warranties and covenants of the Subscriber in Section 2
of this Subscription Agreement.

 

[Remainder of page intentionally left blank.  Next page is signature page.]

 

10

 

The undersigned has executed
this Subscription Agreement as of the date first set forth above.

 

	
   

  	
   

  
	
   

  	
  Name:  [Subscriber]

  

 

 

	
   

  	
  Accepted and Approved:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  NOBLE
  ENVIRONMENTAL POWER, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
  Walter Q. Howard

  
	
   

  	
  Title:

  	
  Chief Executive Officer and Manager

  
					

 

[Signature Page to Subscription
Agreement]

 

 

Schedule A

 

Subscribed Units Purchased by the Subscriber

 

	
  Subscriber:

  	
  [Name]

  
	
   

  	
   

  	
   

  
	
  Address:

  	
  [Address]

  

 

 

	
  UNIT TYPE

  	
   

  	
  NUMBER OF UNITS

  PURCHASED

  	
   

  	
  CAPITAL

  CONTRIBUTION

  	
   

  
	
  Series B Incentive Units

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Series B Performance Units

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GRAND
  TOTAL:

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

A-1

 

Schedule B

 

Definition
of Accredited Investor

 

An accredited investor means any person
who comes within any of the following categories, or who the Company reasonably
believes comes within any of the following categories, at the time of the sale
of the securities to that person:

 

(1)           Any bank as defined in
section 3(a)(2) of the Act, or any savings and loan association or other
institution as defined in section 3(a)(5)(A) of the Act whether acting in
its individual or fiduciary capacity; any broker or dealer registered pursuant
to section 15 of the Securities Exchange Act of 1934; any insurance company as
defined in section 2(13) of the Act; any investment company registered under
the Investment Company Act of 1940 or a business development company as defined
in section 2(a)(48) of that Act; any Small Business Investment Company licensed
by the U.S. Small Business Administration under section 301(c) or (d) of
the Small Business Investment Act of 1958; any plan established and maintained
by a state, its political subdivisions, or any agency or instrumentality of a
state or its political subdivisions, for the benefit of its employees, if such
plan has total assets in excess of $5,000,000; any employee benefit plan within
the meaning of the Employee Retirement Income Security Act of 1974 if the
investment decision is made by a plan fiduciary, as defined in section 3(21) of
such act, which is either a bank, savings and loan association, insurance
company, or registered investment adviser, or if the employee benefit plan has
total assets in excess of $5,000,000 or, if a self-directed plan, with
investment decisions made solely by persons that are accredited investors;

 

(2)           Any private business
development company as defined in section 202(a)(22) of the Investment Advisers
Act of 1940, as amended;

 

(3)           Any organization
described in section 501(c)(3) of the Internal Revenue Code, corporation,
Massachusetts or similar business trust, or partnership, not formed for the
specific purpose of acquiring the Subscribed Units offered, with total assets
in excess of $5,000,000;

 

(4)           Any director, executive
officer, or general partner of the Company, or any director, executive officer,
or general partner of a general partner of the Company;

 

(5)           Any natural person
whose individual net worth, or joint net worth with that person’s spouse, at
the time of his purchase exceeds $1,000,000;

 

(6)           Any natural person who
had an individual income in excess of $200,000 in each of the two most recent
years or joint income with that person’s spouse in excess of $300,000 in each
of those years and has a reasonable expectation of reaching the same income
level in the current year;

 

(7)           Any trust, with total
assets in excess of $5,000,000, not formed for the specific purpose of
acquiring the Subscribed Units offered, whose purchase is directed by a
sophisticated person as described in 17 C.F.R. § 230.506(b)(2)(ii); and

 

(8)           Any entity in which all
of the equity owners are accredited investors.

 

B-1

 

Schedule C

 

Spousal
Consent

 

Dated

 

Reference
is hereby made to (a) the Amended and Restated Members’ Agreement, dated December 21,
2007 (as amended from time to time, the “Members’ Agreement”), among
Noble Environmental Power, LLC, a Delaware limited liability company (the “Company”)
and the Unitholders identified therein and (b) the Fifth Amended and
Restated Limited Liability Company Operating Agreement, dated July 10,
2008, among the Company and the parties signatory thereto (as amended from time
to time, the “Operating Agreement”). 
Capitalized terms used herein but not otherwise defined shall have the
meaning ascribed thereto in the Members’ Agreement.

 

This
Spousal Consent is being delivered pursuant to Section 4.10 of the Member’s
Agreement and Section 31 of the Operating Agreement, copies of which have
been made available to the undersigned (“Spouse”).  Spouse, as the spouse of
                                                
(the “Relevant Member”), consents to all of the provisions of the
Operating Agreement and the Members’ Agreement and to the extent that Spouse
may lawfully do so, Spouse confirms that the Relevant Member may act alone with
respect to all matters in connection with the Operating Agreement and the
Members’ Agreement.  Spouse also confirms
that the Relevant Member may enter into agreements pursuant to the Operating
Agreement and the Members’ Agreement and consent to and execute amendments
thereof, without further signature or consent of, or notice to, Spouse.  Spouse further agrees that he /she will not
take any action to oppose or otherwise hinder the operation of the provisions
of the Operating Agreement and the Members’ Agreement.

 

To the
extent of any property interest that Spouse may have in the Units of the
Company held by the Relevant Member, Spouse consents to be bound by the terms
of the Operating Agreement and the Members’ Agreement, including, without
limitation, restrictions on transfer and obligations to sell set forth therein.

 

	
   

  	
   

  
	
   

  	
  Name of Spouse:

  

 

C-1Exhibit 10.46(b)

 

SCHEDULE OF PURCHASERS

 

Subscribed Units Purchased by the Subscriber
Pursuant to the Subscription Agreement

dated August 15, 2008

 

	
  Subscriber

  	
   

  	
  Number of

  Series B

  Incentive

  Units

  	
   

  	
  Capital Contribution

  for Series B Incentive

  Units

  	
   

  	
  Number of

  Series B

  Performance

  Units

  	
   

  	
  Capital Contribution

  for Series B

  Performance Units

  	
   

  
	
  Hinckley, Charles

  	
   

  	
  4,979.00

  	
   

  	
  497.90

  	
   

  	
  2,208.00

  	
   

  	
  220.80

  	
   

  
	
  Charles C. Hinckley 2006 Trust

  	
   

  	
  28,486.00

  	
   

  	
  2,848.60

  	
   

  	
  14,539.00

  	
   

  	
  1,453.90

  	
   

  
	
  Ellen Ann Hinckley 2006 Trust

  	
   

  	
  1,038.00

  	
   

  	
  103.80

  	
   

  	
  512.00

  	
   

  	
  51.20

  	
   

  
	
  Hinckley Family 2006 Trust

  	
   

  	
  1,038.00

  	
   

  	
  103.80

  	
   

  	
  512.00

  	
   

  	
  51.20

  	
   

  
	
  Dyment, Neil

  	
   

  	
  3,805.00

  	
   

  	
  380.50

  	
   

  	
  1,436.00

  	
   

  	
  143.60

  	
   

  
	
  Fricchione, Robert

  	
   

  	
  2,333.00

  	
   

  	
  233.30

  	
   

  	
  1,167.00

  	
   

  	
  116.70

  	
   

  
	
  Goldstein, Barry

  	
   

  	
  500.00

  	
   

  	
  50.00

  	
   

  	
  500.00

  	
   

  	
  50.00

  	
   

  
	
  Grisaru, Elizabeth

  	
   

  	
  2,100.00

  	
   

  	
  210.00

  	
   

  	
  1,050.00

  	
   

  	
  105.00

  	
   

  
	
  Mann, C. Kay

  	
   

  	
  10,000.00

  	
   

  	
  1,000.00

  	
   

  	
  5,000.00

  	
   

  	
  500.00

  	
   

  
	
  Quirke, John

  	
   

  	
  23,991.00

  	
   

  	
  2,399.10

  	
   

  	
  10,663.00

  	
   

  	
  1,066.30

  	
   

  
	
  The Quirke Downes Trust

  	
   

  	
  1,050.00

  	
   

  	
  105.00

  	
   

  	
  646.00

  	
   

  	
  64.60

  	
   

  
	
  The Quirke Family Trust

  	
   

  	
  10,500.00

  	
   

  	
  1,050.00

  	
   

  	
  6,462.00

  	
   

  	
  646.20

  	
   

  
	
  Swank, Thomas

  	
   

  	
  22,141.00

  	
   

  	
  2,214.10

  	
   

  	
  11,390.00

  	
   

  	
  1,139.00

  	
   

  
	
  Wood, Jeffrey

  	
   

  	
  5,148.00

  	
   

  	
  514.80

  	
   

  	
  2,740.00

  	
   

  	
  274.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]