Document:

Unassociated Document

    [_____],
      2008

    

    Green
      Energy Acquisition Corporation

    191
      Main
      Street

    Annapolis,
      MD 21401

    

    SunTrust
      Robinson Humphrey, Inc.

    Individually,
      and as representative of the several underwriters

    3333
      Peachtree Road, NE

    Atlanta,
      GA 30326

     

    Re: Initial
      Public Offering

     

    Ladies
      and Gentlemen:

     

    The
      undersigned officer and director of Green Energy Acquisition Corporation
      (“Company”),
      in
      consideration of SunTrust Robinson Humphrey, Inc., individually and as
      representative of the underwriters (the “Underwriter”)
      agreeing to underwrite an initial public offering (“IPO”)
      of the
      Company’s units (“Units”),
      each
      comprised of one share of the Company’s common stock, par value $.0001 per share
      (“Common
      Stock”),
      and
      one warrant exercisable for one share of Common Stock (“Warrant”),
      and
      embarking on the IPO process, hereby agrees as follows (certain capitalized
      terms used herein are defined in paragraph 20 hereof):

     

    1.  If
      the
      Company solicits approval of its stockholders of a Business Combination, the
      undersigned will (i) vote all Insider Shares beneficially owned by such person
      in accordance with the majority of the votes cast by the holders of the IPO
      Shares and (ii) vote any shares of Common Stock acquired following or in the
      IPO
      in favor of the Business Combination.

     

    2.  In
      the
      event that the Company fails to consummate a Business Combination within 24
      months after the consummation of the IPO (the “Effective
      Date”),
      the
      undersigned will (i) cause the Trust Account to be liquidated and distributed
      to
      the holders of IPO Shares and (ii) take all reasonable actions within his power
      to cause the Company to liquidate as soon as reasonably practicable. The
      undersigned hereby waives any and all right, title, interest or claim of any
      kind in or to any distribution of the Trust Account and any remaining net assets
      of the Company as a result of such liquidation with respect to the Insider
      Shares beneficially owned by him (“Claim”)
      and
      hereby waives any Claim the undersigned may have in the future as a result
      of,
      or arising out of, any contracts or agreements with the Company and will not
      seek recourse against the Trust Account for any reason whatsoever. In the event
      of the liquidation of the Trust Account, the undersigned agrees to indemnify
      and
      hold harmless the Company against any and all loss, liability, claims, damage
      and expense whatsoever (including, but not limited to, any and all legal or
      other expenses reasonably incurred in investigating, preparing or defending
      against any litigation, whether pending or threatened, or any claim whatsoever)
      to which the Company may become subject as a result of any claim by any vendor,
      service provider, financing provider or other person who is owed money by the
      Company for services rendered or products sold or contracted for, or by any
      prospective target business, but only to the extent necessary to ensure that
      such loss, liability, claim, damage or expense does not reduce the amount of
      funds in the Trust Account and only if such vendor, service provider, financing
      provider or other person who is owed money by the Company for services rendered
      or products sold or contracted for, or prospective target business does not
      execute a valid and enforceable agreement waiving any such claims against the
      Trust Account. 

     

    
      
        
        

      

      
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    3.  In
      order
      to minimize potential conflicts of interest that may arise from multiple
      affiliations, the undersigned agrees to present to the Company for its
      consideration, prior to presentation to
      any
      other person or entity, any opportunity to acquire an operating business in
      the
      renewable energy industry with an enterprise value greater than 70% of the
      value
      of the amount in the Trust Account, until the earliest of the consummation
      by
      the Company of a Business Combination, the liquidation of the Company or until
      such time as the undersigned ceases to be an officer or director of the Company,
      subject to any pre-existing fiduciary and contractual obligations the
      undersigned might have. The undersigned also agrees not to (i) pursue such
      a
      business combination opportunity described above, separate from the Company,
      unless and until the Board of Directors of the Company, acting by a majority
      of
      disinterested, independent directors, has determined that the Company will
      not
      pursue such business combination opportunity or (ii) enter into a similar
      agreement with another entity that may conflict with the undersigned's
      obligations pursuant to this paragraph.

     

    4.  The
      undersigned acknowledges and agrees that in the event that the Company
      consummates a Business Combination that involves a company that is affiliated
      with any of the Insiders, the Company will obtain an opinion from an independent
      investment banking firm that may or may not be a member of the Financial
      Industry Regulatory Authority, Inc. that the Business Combination is fair to
      the
      Company’s unaffiliated stockholders from a financial perspective.

     

    5.  Neither
      the undersigned, nor any affiliate of the undersigned (“Affiliate”), shall
      be entitled to receive, and will not accept, any compensation for services
      rendered to the Company prior to, or in connection with, the consummation of
      the
      Business Combination,
      except
      as disclosed in the Company’s registration statement on Form S-1 (No.
      333-[_____]).

     

    6.  The
      undersigned agrees that none of the undersigned, any member of the immediate
      family of the undersigned or any Affiliate of the undersigned will be entitled
      to receive or accept, and the undersigned, on behalf of the undersigned and
      the
      aforementioned parties, hereby waives any rights to, a finder’s fee or any other
      compensation in the event the undersigned, any member of the immediate family
      of
      the undersigned or any Affiliate of the undersigned originates a Business
      Combination.

     

    7.  The
      undersigned agrees that that if the Underwriter does not exercise in full the
      underwriters’ over-allotment option to purchase an additional 3,000,000 Units
      within 45 days of the Effective Date, the escrow agent shall return to the
      Company for cancellation, at no cost, the number of Insider Shares beneficially
      owned by the undersigned, determined by multiplying the number of Insider Shares
      subject to forfeiture (a maximum of 750,000 Insider Shares) beneficially owned
      by the undersigned by a fraction, (a) the numerator of which is 3,000,000 minus
      the number of shares of Common Stock purchased by the underwriters upon the
      exercise of the over-allotment option, and (b) the denominator of which is
      3,000,000;

     

    8.  The
      undersigned will escrow all of the Insider Shares beneficially owned by him
      acquired prior to the IPO until one year after the consummation by the Company
      of a Business Combination, or earlier if, following a Business Combination,
      the
      Company consummates a transaction after the consummation of the initial Business
      Combination that results in all of the stockholders of the combined entity
      having the right to exchange their shares of Common Stock for cash, securities
      or other property, subject to the terms of a stock escrow agreement that the
      Company will enter into with the undersigned and an escrow agent acceptable
      to
      the Company.

     

    9.  The
      undersigned agrees to be Chief Executive Officer and Chairman of the Board
      of
      Directors of the Company until the earlier of the consummation by the Company
      of
      a Business Combination or the liquidation of the Company.  The
      undersigned’s biographical information furnished to the Company and the
      Underwriter and attached hereto as Exhibit
      A
      is true
      and accurate in all respects, does not omit any material information with
      respect to the undersigned’s background and contains all of the information
      required to be disclosed pursuant to Item 401 of Regulation S-K promulgated
      under the Securities Act of 1933, as amended.  The undersigned’s
      questionnaire furnished to the Company and the Underwriter, and attached hereto
      as Exhibit
      B,
      is true
      and accurate in all respects.  The undersigned further represents and
      warrants to the Company and the Underwriter that:

     

    
      
        
        

      

      
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    (a) The
      undersigned is not subject to or a respondent in any legal action for, any
      injunction, cease-and-desist order or order or stipulation to desist or refrain
      from any act or practice relating to the offering of securities in any
      jurisdiction;

     

    (b) The
      undersigned has never been convicted of or pleaded guilty to any crime (i)
      involving any fraud or (ii) relating to any financial transaction or handling
      of
      funds of another person, or (iii) pertaining to any dealings in any securities
      and such person is not currently a defendant in any such criminal proceeding;
      and

     

    (c) The
      undersigned has never been suspended or expelled from membership in any
      securities or commodities exchange or association or had a securities or
      commodities license or registration denied, suspended or revoked.

     

    10.  The
      undersigned has full right and power, without violating any agreement by which
      the undersigned is bound, to enter into this letter agreement and to serve
      as
      Chief Executive Officer and Chairman of the Board of Directors of the
      Company.

     

    11.  This
      letter agreement shall be binding on the undersigned and such person’s
      successors, heirs, personal representatives and assigns. This letter agreement
      shall terminate on the earlier of (i) the date of the Company’s consummation of
      a Business Combination or (ii) the dissolution and liquidation of the Company;
      provided,
      however,
      that
      any such termination shall not relieve the undersigned from any liability
      resulting from or arising out of any breach of any agreement or covenant
      hereunder occurring prior to the termination of this letter
      agreement.

     

    12.  The
      undersigned hereby waives his right to exercise conversion rights with respect
      to any shares of the Company’s Common Stock owned or to be owned by the
      undersigned, directly or indirectly, and agrees that he will not seek conversion
      with respect to such shares in connection with any vote to approve a Business
      Combination.

     

    13.  The
      undersigned hereby agrees to not propose, or vote in favor of, any amendment
      to
      the Company’s Amended and Restated Certificate of Incorporation to extend the
      period of time in which the Company must consummate a Business Combination
      prior
      to its liquidation. This paragraph may not be modified or amended under any
      circumstances.

     

    14.  The
      undersigned is a beneficial owner of, and has a controlling interest in, Green
      Energy Acquisition Holdings, LLC (“Holdings”),
      an
      entity that owns a majority of Insider Shares, and that will own Warrants
      following a private placement that will occur immediately prior to the IPO.
      The
      undersigned shall not (x) sell, offer to sell, contract or agree to sell,
      hypothecate, pledge, grant any option to purchase or otherwise dispose of or
      agree to dispose of, directly or indirectly, or, except as provided in that
      certain Registration Rights Agreement dated as of the date hereof pertaining
      to
      the Insider Shares of the undersigned, file (or participate in the filing of)
      a
      registration statement with the Securities Exchange Commission (“SEC”)
      in
      respect of, or establish or increase a put equivalent position or liquidate
      or
      decrease a call equivalent position within the meaning of Section 16 of the
      Securities Exchange Act of 1934, as amended, and the rules and regulations
      of
      the SEC promulgated thereunder with respect to, any Insider Shares or Warrants,
      (y) enter into any swap or other arrangement that transfers to another, in
      whole
      or in part, any of the economic consequences of ownership of Insider Shares
      or
      Warrants, whether any such transaction is to be settled by delivery of shares
      of
      Common Stock, in cash or otherwise, or (z) publicly announce an intention to
      effect any transaction specified in clause (x) or (y) until:
      

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (a) for
      Insider Shares, the first anniversary of an initial Business Combination, or
      earlier if, following a Business Combination, the Company consummates a
      transaction that results in all of its stockholders having the right to exchange
      their shares of Common Stock for cash, securities or other property (the
“Insider
      Shares Lock-Up Period”).
      Notwithstanding the foregoing, the undersigned may transfer the undersigned’s
      Insider Shares during the applicable Insider Shares Lock-Up Period (i) to
      persons or entities controlling, controlled by, or under common control with
      the
      undersigned, or to any stockholder, member, partner or limited partner of such
      entity, (ii) to family members and trusts of permitted assignees for estate
      planning purposes or, upon the death of an escrow depositor, to an estate or
      beneficiaries of permitted assignees, or (iii) by private sales made in
      compliance with applicable securities laws at or prior to the consummation
      of a
      Business Combination at prices no greater than the price at which the Insider
      Shares were originally purchased; in each case, such transferees will be subject
      to the same transfer restrictions until after the Company completes its initial
      Business Combination; or

     

    (b) for
      Warrants, the later of (i) one year after the Effective Date and (ii) sixty
      days
      after the consummation of the Company’s initial Business Combination, but in no
      event will the Warrants be released from escrow prior to the Company’s initial
      Business Combination (the “Warrant
      Lock-Up Period”).
      Notwithstanding the foregoing, the undersigned may transfer the undersigned’s
      Warrants during the applicable Warrant Lock-Up Period (i) to persons or entities
      controlling, controlled by, or under common control with the undersigned, or
      to
      any stockholder, member, partner or limited partner of such entity, (ii) to
      family members and trusts of permitted assignees for estate planning purposes
      or, upon the death of any such person, to an estate or beneficiaries of
      permitted assignees or (iii) by private sales made in compliance with applicable
      securities laws at or prior to the consummation of a Business Combination at
      prices no greater than the price at which the Warrants were originally
      purchased; in each case, such transferees will be subject to the same transfer
      restrictions as the undersigned until after the Company completes its initial
      Business Combination;

     

       provided,
      however,
      that
      the permissive transfers pursuant to clauses (a) and (b) may be implemented
      only
      upon the respective transferee’s written agreement to be bound by the terms and
      conditions of this letter agreement. During the applicable Lock-Up Period,
      the
      undersigned shall not grant a security interest in the undersigned’s Insider
      Shares or Warrants, whichever may be applicable. 

     

    15.  In
      the
      event that the Company does not consummate a Business Combination and must
      liquidate and its remaining net assets are insufficient to complete such
      liquidation, the undersigned agrees to advance such funds necessary to complete
      such liquidation and agrees not to seek repayment for such
      expenses.

     

    16.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to the Underwriter and its legal representatives
      or
      agents (including any investigative search firm retained by the Underwriter)
      any
      information they may have about the undersigned’s background and finances
      (“Information”)
      and
      hereby ratifies any such action that shall have been taken prior to the date
      of
      this letter agreement.  Neither the Underwriter nor its agents shall be
      violating, or shall have violated, the undersigned’s right of privacy in any
      manner in requesting and obtaining the Information and the undersigned hereby
      releases them from liability for any damage whatsoever in that
      connection.

     

    17.  The
      undersigned acknowledges and understands that the Underwriter and the Company
      will rely upon the agreements, representations and warranties set forth herein
      in proceeding with the IPO. Nothing contained herein shall be deemed to render
      the Underwriter a representative of, or a fiduciary with respect to, the
      Company, its stockholders or any creditor or vendor of the Company with respect
      to the subject matter hereof.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    18.  This
      letter agreement shall be governed by, and interpreted and construed in
      accordance with, the laws of the State of New York applicable to contracts
      formed and to be performed entirely within the State of New York, without regard
      to the conflicts of law provisions thereof to the extent such principles and
      rules would require or permit the application of the laws of another
      jurisdiction. The undersigned hereby agrees that any action, proceeding or
      claim against the undersigned arising out of or relating in any way to this
      letter agreement shall be brought and enforced in the courts of the State of
      New
      York or the United States District Court for the Southern District of New York,
      and irrevocably submits to such jurisdiction, which jurisdiction shall be
      exclusive. The undersigned hereby waives any objection to such exclusive
      jurisdiction and agrees not to object to such jurisdiction on the grounds that
      such courts represent an inconvenient forum.

     

    19.  No
      term
      or provision of this letter agreement may be amended, changed, waived, altered
      or modified except by written instrument executed and delivered by the party
      against whom such amendment, change, waiver, alteration or modification is
      to be
      enforced.

     

    20.  As
      used
      herein, (i) a “Business
      Combination”
shall
      mean the initial acquisition, or acquisition of control of, one or more
      operating businesses in the renewable industry through a merger, capital stock
      exchange, asset acquisition, stock purchase or other similar business
      combination; (ii) “Insiders”
shall
      mean all officers, directors and stockholders of the Company immediately prior
      to the IPO; (iii) “Insider
      Shares”
shall
      mean all of the shares of Common Stock of the Company acquired by an Insider
      prior to the IPO, a portion of which is subject to forfeiture in the event
      the
      Underwriter does not exercise its over-allotment option, as more fully described
      in paragraph 8 above; (iv) “IPO
      Shares”
shall
      mean the shares of Common Stock issued in the Company’s IPO; and (v)
“Trust
      Account”
shall
      mean the trust account into which the net proceeds of the Company’s IPO will be
      deposited.

     

     

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      remainder of this page intentionally left blank]

     

     

    
      
        
        

      

      
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	 	Name:
              WAYNE L. ROGERS
	 
 	 
 	 
 
	 	  	 
	 	
              
Signature

    

     

    
      	Accepted and
              agreed:     	 	 	 
	 	 	 	 
	
              SUNTRUST
                ROBINSON HUMPHREY, INC.

              Individually
                and as representative of the several
                underwriters 

            	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
              

              Name: 

              Title: 

            	 	 	
            

       

      
        	Accepted and
                agreed:   	 	 	 
	 	 	 	 
	
                GREEN
                  ENERGY ACQUISITION CORPORATION

                 

              	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	
                

                
                  Name: Wayne
                    L. Rogers

                  Title:
                    Chief Executive Officer and Chairman 

                

              	 	 	
              

      
        
          [Signature
            Page Insider Letter]

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     

     

    EXHIBIT
      A

     

     

    [insert
      biography from S-1]

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      B

     

     

    [questionnaire]Exhibit
      10.2

     
      

    FORM
      OF MANAGEMENT AGREEMENT

    

    The
      following is the form of the Management Agreement with Grant Neerings, Chief
      Technology Officer, Christine M. Carriker, Secretary/Treasurer and Chief
      Administrative Officer and Richard A. von Gnechten, Chief Financial
      Officer:

    

    AMENDED
      AND RESTATED SERVICES AGREEMENT

    

    This
      Services Agreement (this “Agreement”) dated as of the 11th
      day of
      January, 2007 (the “Effective Date”), as amended and restated from an earlier
      agreement dated the [ORIGINAL DATE OF AGREEMENT] (the “Original Date”), by and
      between HouseRaising, Inc., a North Carolina corporation with offices in
      Charlotte, North Carolina (“HRI,” “HouseRaising” or “Company”), and [OFFICER
      NAME INSERTED], a resident of North Carolina (the “Executive”), relating to
      HouseRaising, Inc. 

    

    R
      E C I T A L S :

     

    WHEREAS,
      the parties hereto desire to enter into this Agreement to set forth the basis
      on
      which Executive will perform management services for the Company, all as set
      forth more fully in this Agreement.

    

    WHEREAS,
      the Company is engaged in and seeks to expand its business in the house building
      and related industry segments, and Executive has substantial experience in
      managing and operating businesses as a senior executive that would be very
      beneficial to the Company’s operations and future prospects; 

    

    WHEREAS,
      the Company believes its progress and its prospects for future development
      and
      growth would be significantly enhanced if Executive was engaged for the services
      of Executive to serve as the Company’s [TITLE INSERTED]; 

    

    WHEREAS,
      the Board of Directors of the Company (the “Board”) has authorized this
      Agreement with Executive and has approved its terms and conditions, all of
      which
      the Board has found to be reasonable, proper, and in the best interest of the
      Company; 

    

    NOW,
      THEREFORE, in consideration of the premises and covenants set forth herein
      and
      intending to be legally bound hereby, the parties to this Agreement hereby
      agree
      as follows:

    

    ARTICLE
      I 

    

    MANAGEMENT
      DUTIES AND COMPENSATION

    

    1.01
       (a)
      Initial Terms of Management Duties. The
      Company hereby engages Executive and Executive hereby accept such engagement,
      on
      the terms and conditions set forth in this Agreement. The Company is hereby
      obtaining the services of Executive and other assistance as may be necessary.
      

    

    (b)
      Initial Terms of Agreement and Duties. The
      Company and Executive hereby agree that for a thirty-six (36) month period
      beginning on the Effective Date, the Company shall engage Executive for the
      services of Executive as [TITLE INSERTED] and the Executive shall perform
      services for the Company at the Company’s headquarters location. The last day of
      such thirty-six (36) month period shall be the "Termination Date". 

    

    (b)
       
      Renewal
      of Term. Unless
      the Company shall have given the Executive written notice at least 180 days
      prior to the Termination Date, this Agreement shall renew and continue in effect
      for additional one-year periods (and all provisions of this Agreement shall
      continue in full force and effect), and each successive anniversary from such
      original Termination Date shall thereafter be designated as the “Termination
      Date” for all purposes under this Agreement, provided, however, that the Company
      may, at its election at any time after the expiration of the initial term of
      this Agreement, give Executive notice of termination, in which event Executive
      shall continue to receive, as severance pay, [HIS/HER] base salary, if any,
      and
      benefits set forth in Paragraphs (d) and (f) below for 12 full months following
      such notice of termination. During such 12-month severance period, the Board
      may
      modify Executive’s duties as described in Paragraph (c) below without triggering
      the provisions of Section 2.03 below. The Company agrees that it will not
      unreasonably withhold any annual renewals of this Agreement. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (c)
       
      Duties.
      Executive
      is engaged for [TITLE INSERTED] services to be performed by Executive and shall
      carry out the financial and strategic plans and policies as established by
      the
      Board of Directors and Chairman/CEO of the Company and shall report to the
      Chairman and CEO. Duties and responsibilities under this Agreement shall include
      but not be limited to the following: [SPECIFIC DUTIES OF OFFICER LISTED,
      ILLUSTRATION PROVIDED FOR CHIEF ADMINISTRATIVE OFFICER]

    

    
      	
               
                

            	
              (i)
                

            	
              Supporting
                the operations and administration of the Chairman and CEO by advising
                and
                informing Chairman/CEO and Board of Directors with regard to the
                administrative (including Human Resources and Accounting, as necessary)
                operations of the Company and interfacing between the Chairman/CEO,
                Board
                and the staff of the Company; 

            

    

    

    
      	
               
                

            	
              (ii)
                

            	
              Supporting
                the design, marketing, promotion, delivery, and quality of company
                programs, products and services; 

            

    

    

    
      	
               
                

            	
              (iii)
                

            	
              Recommending
                a yearly budget for areas of responsibility for CFO, Chairman/CEO
                and
                Board approval and prudently managing the Company’s resources within those
                budgetary guidelines according to current laws and regulations;
                

            

    

    

    
      	
               
                

            	
              (iv)
                

            	
              Effectively
                managing the human resources of the organization according to authorized
                personnel policies and procedures that fully conform to current laws
                and
                regulations; and 

            

    

    

    
      	
               
                

            	
              (v)
                

            	
              Assuring
                that the Company and its mission programs, products, and services
                are
                consistently presented in strong, positive image to relevant stakeholders.
                

            

    

    

    As
      [TITLE
      INSERTED] of the Company, Executive shall be entitled to exercise all rights
      and
      power and shall have all the privileges and authorities commensurate with
      [HIS/HER] offices, including without limitation: 

    

    
      	
               
                

            	
              (i)
                

            	
              The
                full authority for the administrative and accounting operations,
                including
                proper reporting to the Board of Directors and appropriate state
                and
                federal agencies; 

            

    

    

    
      	
               
                

            	
              (ii)
                

            	
              General
                decision-making authority with respect to the day-to-day administrative
                and human resource operations of the business of the Company;
                

            

    

    

    
      	
               
                

            	
              (iii)
                

            	
              The
                engagement, retention, and termination of employees and independent
                contractors of the Company subject only to the supervision of the
                Chairman
                and Chief Executive Officer, the setting/guidance of the compensation
                and
                other material terms of engagement of employees and independent
                contractors consistent with company and Board policies and the
                establishment of company work rules; and

            

    

    

    
      	
               
                

            	
              (iv) 
                

            	
              The
                initiation, development, and implementation of new business activities,
                subject to the supervision of the Chairman/CEO. Executive shall render
                her
                services thereunder in the headquarters city subject to such reasonable
                travel as may be required to perform her duties hereunder.
                

            

    

    

    (d)
        
      Compensation
      and Expenses. The
      Company will compensate Executive at an annual compensation of [ANNUAL
      COMPENSATION INSERTED], to be paid [CASH PORTION INSERTED] in cash compensation
      and [STOCK PORTION INSERTED IF APPLICABLE] in S-8 Stock of the Company for
      the
      initial 12 month period of this agreement beginning February 1, 2007. Conversion
      to all cash payments will take place at the same time as other conversions
      for
      Officers of the Company.

    

    Commencing
      on the first anniversary of this Amended and Restated Services Agreement with
      Executive (February 1, 2008), and for each renewal term thereafter, Executive
      shall (based on adequate performance) receive annual increases as set forth
      by
      the Chairman and Chief Executive Officer and approved by the Compensation
      Committee of the Board of Directors.

    

    Nothing
      herein shall be deemed to restrict the right of the Board to increase
      Executive’s annual or monthly compensation, bonuses, and other compensation or
      grant stock options at any time in its discretion. 

    

    (e)
       Bonuses.
      Executive
      shall be entitled to such bonuses for performance as are described in Exhibit
      A
      attached hereto. 

    

    (f)
       Other
      Compensation. The
      Company shall also provide to Executive during the term of [HIS/HER] Agreement
      hereunder: 

    
      
        
        

      

      
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          2 -

        
          

        

      

      
        
        

      

    

    

    
      	
               
                

            	
              (i)
                

            	
              All
                so-called “fringe benefits” including, but not limited to, participation
                in pension plans, profit-sharing plans, hospitalization insurance,
                medical
                insurance, dental insurance, disability insurance, life insurance,
                and the
                like that are granted to or provided for eligible employees or contractors
                of the Company, or that may be granted to or provided for during
                the term
                of the Executive’s engagement under this Agreement; and upon termination
                of Executive’s services with the Company, the Executive may, at [HIS/HER]
                option and at [HIS/HER] expense, continue the Executive’s
                hospitalization/medical/dental/disability and life insurance policy
                without interruption until [HIS/HER] death, if permitted by the terms
                of
                such group policies.

            

    

    

    
      	
               
                

            	
              (ii)
                

            	
              Executive
                will be compensated for the equivalent of four weeks’ paid time off per
                year. 

            

    

    

    (g)
       
      Initial
      Employee Stock Options. In
      consideration for [HIS/HER] services hereunder, the Company hereby grants to
      Executive an option to acquire shares of the Company’s Common Stock as described
      in Exhibit B. In addition to the stock options described in Exhibit B, Executive
      will be granted an option for [ONE-TIME GRANT AMOUNT INSERTED] shares at a
      price
      of fifty-cents ($0.50) per share, exercisable at any time during the ensuing
      ten
      years from that date, which will replace the same number of options that had
      previously been earned under the original agreement. These options are in
      addition to all other options granted and mentioned in Exhibit B.

    

    (h)
       
      Expense
      Reimbursement. Executive
      shall be paid [QUARTERLY ALLOWANCE AS APPLICABLE] each quarter for all other
      expenses incurred by Executive on the Company’s behalf. This amount will be
      subject to increase upon each anniversary date. Such reimbursement will be
      in
      the form of S-8 shares until such time as the company pays reimbursements for
      the Chairman/CEO in cash. It is understood that the Company will pay directly
      reasonable travel (air-fare only) expenses between the Company headquarters
      and
      other out-of-state office locations provided that reasonable efforts are made
      to
      manage the costs associated with such travel. 

    

    ARTICLE
      II 

    

    RIGHTS
      ON TERMINATION OF AGREEMENT 

    

    2.01
       
      Right
      to Terminate Agreement. At
      any
      time Executive may, at their option, terminate [HIS/HER] Agreement upon not
      less
      than 30 days’ written notice to the Chairman and CEO or Board of Directors of
      the Company. In the event of the termination of this Agreement by Executive,
      Executive shall be entitled to: 

    

    
      	 	
              (i)
                

            	
              The
                portion of monthly compensation, accrued bonus and expenses earned
                by
                Executive prior to the date of termination, computed pro rata up
                to and
                including the date of termination and

            

    

    

    
      	 	
              (ii) 
                

            	
              Maintain
                ownership of any unexercised stock options that are vested as of
                the date
                of termination until such date that they would otherwise expire.
                Other
                than the foregoing, Executive shall be entitled to no further compensation
                of any kind after the date of termination.

            

    

    

    2.02
       
      Disability.
      If,
      because of mental or physical disability, Executive shall be incapable for
      a
      period of six consecutive months (the “Disability Period”) of performing
      [HIS/HER] obligations and agreements hereunder (hereinafter referred to as
      a
“Disability”) during which period the provision of this Agreement will continue
      to apply in full force and effect, then, at the election of the Company
      expressed to Executive in writing, this Agreement shall terminate at the end
      of
      such Disability Period, except that Executive shall receive 75% of monthly
      compensation then in effect for one year from the date of termination, together
      with the bonuses described on Exhibit A hereto. The Company may at its option
      alternatively purchase an insurance policy that will provide the same disability
      benefit to Executive. Additionally, any stock options previously granted but
      not
      vested shall become vested upon termination for Disability by the Company.
      The
      determination of whether Executive has suffered a Disability shall be made
      by
      three licensed medical doctors: one chosen by the Company, one chosen by
      Executive, and one chosen by the two doctors so chosen. 

    

    2.03
       
      Rights
      Upon Termination of Agreement Without Cause Prior to the Termination:

    The
      Company may terminate Executive’s services without Cause (as defined below) by
      delivering written notice of such termination to Executive. In addition, any:
      

    

    
      	
              (i)

            	
               

            	
              Material
                change of Executive’s responsibilities or authority by the Chairman/CEO or
                Board without Executive’s concurrence which is not cured within 30 days
                after notice by Executive, 

            
	
              (ii)

            	
            	
              Material
                breach by the Company of this Agreement which continues for 30 days
                after
                notice by Executive, or 

            

    

     

    
      
        
        

      

      
        -
          3 -

        
          

        

      

      
        
        

      

    

    

    
      	
              (iii)

            	
            	
              A
                change in control of the Company that is required to be reported
                by the
                Company on Form 8-K, 

            

    

    

    shall
      be
      deemed termination by the Company without Cause. In the event of termination
      pursuant to clauses (i), (ii), or (iii) of the preceding sentence, Executive
      shall be entitled to give notice of termination, which notice shall have the
      same effect as a notice delivered by the Company, or 

    

    If,
      prior
      to the Termination Date, the Company terminates Executive’s Agreement for any
      reason other than Cause or Disability, then the Company shall: 

    

    
      	
               
                

            	
              (i)
                

            	
              Continue
                to pay Executive (in the same manner as prior to such termination)
                after
                the date of such termination the compensation provided under Section
                1.01
                above for a period of twelve (12) months as if Executive had been
                engaged
                hereunder during such period; 

            

    

    

    
      	
               
                

            	
              (ii)
                

            	
              Continue
                to pay all bonuses earned for twelve (12) month period as if Executive
                had
                been engaged hereunder during such period, provided the mutually
                agreed
                upon targets are met in such period;

            

    

    

    
      	
               
                

            	
              (iii)
                

            	
              Provide
                Executive reimbursement for continued coverage for a twelve (12)
                month
                period under any employee benefit plan (as such term is defined in
                Section
                3(3) of the Employee Retirement Income Security Act of 1974, as amended)
                then maintained by Executive or any successor plan thereof.
                Notwithstanding 2.03(iii) above, the Company hereby agrees to continue
                to
                reimburse Executive for hospitalization/medical/dental/disability
                and life
                insurance policy in effect at the time of termination through the
                full
                period of this Agreement, to continue to reimburse Executive for
                any
                premium to maintain the policy for Executive through the full period
                of
                this Agreement; and 

            

    

    

    
      	
               
                

            	
              (iv)
                

            	
              All
                stock options will immediately vest, and the stock granted to Executive
                upon [HIS/HER] exercise of such options shall be unrestricted except
                for
                any governmental restrictions and registered if the Company is a
                public
                company at the time of termination or subsequently becomes public.
                

            

    

    

    2.04
       
      Right
      Upon Termination of Agreement for Cause 

    The
      Company shall have the right at any time, by giving written notice to Executive
      to terminate Executive’s Agreement for Cause. Cause shall be deemed to have
      occurred if Executive is convicted of a felony or a crime involving fraud,
      gross
      negligence, or significant mismanagement of the business. Upon such termination
      for Cause, Executive shall be paid [HIS/HER] current monthly compensation and
      any bonuses earned up to that point, and Executive may exercise any unexercised
      options or warrants that are vested up to their normal termination date.
      Executive shall forfeit all unexercised options not then vested. 

    

    2.05
       
      Beneficiaries
      of Payments  
      

    If
      Executive shall die before any event of termination, the Company will continue
      to make payments for a 12-month period (as stated in section 2.03) to such
      beneficiary or beneficiaries as Executive may designate from time to time by
      notice in writing filed with the Company, or if Executive shall fail or fail
      effectively to designate a beneficiary, or if no beneficiary shall survive
      the
      date when the last payment is to be made, any remaining payments shall be made
      to the Executive’s estate as agreed upon by the trustee of Executive’s
      estate.

     
      

    ARTICLE
      III 

    

    PROTECTIONS/CONFIDENTIALITY
      

    

    3.01
       
      Covenants
      Regarding Protections: 

              
      Executive
      hereby agrees and covenants to the following: 

    

    (a)
       
      Solicitation
      of Customers and Registered Primary Vendors: 

    During
      the term of this Agreement and for a period of one (1) year following the
      termination of this Agreement by either party (other than a termination of
      this
      Agreement by the Company’s failure to renew it pursuant to Section 1.01(b)
      above), Executive hereby agrees not to solicit or contact in any manner that
      could be reasonably construed as a solicitation, any past or current customer
      or
      registered primary vendor of the Company for purposes of encouraging such
      customer to refrain from purchasing products or services from the Company or
      for
      purposes of encouraging such vendor to refrain from providing services or
      selling products to the Company. Notwithstanding the above, if Executive should
      leave the Company and join a competitive company, it is recognized by the
      parties that the industry utilizes a variety of marketing and sales techniques
      such as direct mail, telemarketing, advertising, etc., and the customer might
      be
      contacted by the Company that Executive joins as a matter of course, and in
      this
      event this practice would not be considered a violation of this Agreement.
      

    
      
        
        

      

      
        -
          4 -

        
          

        

      

      
        
        

      

    

    

    (b)
       
      Solicitation
      of Executives:  
      

    During
      the term of this Agreement and for a period of one (1) year following the
      termination of this Agreement by either party (other than a termination of
      this
      Agreement by the Company’s failure to renew it pursuant to Section 1.01(b)
      above), Executive hereby agrees not to employ, either directly or indirectly
      through any entity in which Executive are engaged, and agrees not to solicit,
      or
      contact in any manner that could reasonably be construed as a solicitation,
      any
      officer or director of the Company for purposes of encouraging such person
      to
      leave or terminate [HIS/HER] Agreement with the Company. 

    

    3.02
       
      Confidentiality;
      Competitive or Personal Disparagement: 

    Executive
      and the Company hereby agree that neither will, during the term of Executive’s
      Agreement or at any time following the termination hereof for any reason, do
      or
      cause to have done any of the following: 

    

    
      	
               
                

            	
              (i)
                

            	
              Without
                the prior written consent of the other party, use for its own purposes
                or
                disclosure to any person or other entity any confidential and/or
                proprietary information of the Company or Executive; and
                

            

    

    

    
      	
               
                

            	
              (ii)
                

            	
              Each
                party agrees that it will not disparage the other party.
                

            

    

    

    3.03
       
      Enforcement:
      

    Executive
      and the Company recognize that the provisions of this Agreement are vitally
      important to the continuing welfare of the Company and Executive and that money
      damages constitute an inadequate remedy for any violation thereof. Accordingly,
      in the event of any such violation by Executive or the Company, the Company
      or
      Executive, in addition to any other remedies it may have, shall have the right
      to institute and maintain a proceeding to compel specific performance thereof
      or
      to issue an injunction restraining any action by Executive or the Company in
      violation of the Agreement. 

    

    ARTICLE
      IV 

    

    4.01
       
      Indemnifications:
      

    The
      parties agree that Executive shall be indemnified by the Company against any
      liability asserted against Executive (and expenses, including without
      limitation, reasonable attorney’s fees, court costs, and other legal expenses
      incurred in connection therewith) by reason of [HIS/HER] position with the
      Company or any subsidiary to the full extent a North Carolina corporation may
      indemnify an officer or director and company under the North Carolina General
      Corporate Law. 

    

    4.02
       
      No
      Obligation to Mitigate Damages: 

    In
      the
      event of a termination of Agreement upon a change in control, Executive shall
      not be required to mitigate damages by seeking another Agreement. 

    

    4.03
       
      Arbitration
      and Remedies: 

    (a)
       
      All
      disputes, differences, or questions between the parties concerning the
      construction, interpretation, and effect of the Agreement, or the rights,
      obligations, and liabilities of the parties, and which have as their sole remedy
      monetary damages, will be settled by arbitration in the City of Charlotte,
      North
      Carolina, or such other place as the parties may mutually agree. In the case
      of
      a dispute, difference, or question, one party shall appoint its arbitrator
      and
      shall notify the other party in writing (the “Arbitration Notice”) of the
      appointment and the matter to be determined. If the party receiving the
      arbitration notice fails to appoint an arbitrator and notify the first party
      of
      such appointment for 15 days after receipt of such notice, the decision of
      the
      arbitrator appointed by the first of the parties shall be final and binding
      on
      both of the parties hereto. If two arbitrators are appointed, they shall meet
      within 30 days after appointment of the second arbitrator. If they do not agree
      as to their decision, they shall choose a third arbitrator, failing which,
      third
      arbitrator shall be selected in accordance with the rules of the American
      Arbitration Association. The arbitration shall be held as promptly as possible
      at such time and place in the designated city as the arbitrators may determine.
      The decision of the arbitrators so appointed, or a majority of them, will be
      final and binding upon the parties hereto. Judgment upon the award may be
      entered in any court having jurisdiction, or application may be made to such
      court for judicial acceptance of the award and an order to enforce, as the
      case
      may be. If the arbitrator appointed refuses to act, is incapable of acting,
      or
      dies, a substitute for him shall be appointed in the manner provided above.
      

     

    
      (b)
         
        Each
        of
        the parties to the Agreement will be entitled to enforce its rights under
        the
        Agreement specifically, to recover damages by reason of any breach of any
        provision of this Agreement and to exercise all other rights existing in
        its
        favor. The parties hereto agree and acknowledge that money damages may not
        be an
        adequate remedy for any breach of the provisions of the Agreement and that
        any
        party may, in its sole discretion, apply for specific performance and/or
        injunctive relief in either a federal or state court to enforce or prevent
        any
        violations of the provisions of this Agreement. 

       

    

    
      
        
        

      

      
        -
          5 -

        
          

        

      

      
        
        

      

    

     

    4.04
       
      Legal
      Cost and Indemnification: 

    The
      Company shall pay Executive all legal fees and expenses incurred by [HIS/HER]
      as
      a result of [HIS/HER] termination without Cause or Disability, including but
      not
      limited to, all such fees and expenses, if any, incurred in contesting or
      disputing any such termination or in seeking to obtain or enforce any right
      or
      benefit provided in this Agreement through legal process or arbitration, if
      Executive shall be wholly successful on the merits, such amounts not to exceed
      any court-directed maximum. 

    

    4.05
       
      Notices:
      

    (a)
       
      Any
      notice to be given concerning this Agreement shall be given in writing and
      either (i) sent by certified or registered mail, return receipt requested,
      postage prepaid; or (ii) hand-delivered to the recipient personally. In the
      case
      of notice sent by mail, the date of the giving of the notice shall be deemed
      to
      be (i) the date of the postmark of the executed return receipt or (ii) the
      date
      of actual receipt if not postmarked by the United States Postal Service. In
      the
      case of notice being hand-delivered, a written dated receipt shall be given
      therefore. Hand-delivery of any notice to the Company shall be delivered to
      the
      Company’s chief financial officer personally. 

    

    (b)
       
      Notice
      shall be sent as follows: 

    

    
      	
              If
                to Executive:

            	
              [NAME
                OF EXECUTIVE INSERTED]

            
	 	
              [ADDRESS
                OF EXECUTIVE INSERTED]

            
	 	 
	
              If
                to the Company:

            	
              HouseRaising,
                Inc.

            
	 	
              4801
                E. Independence Blvd.

            
	 	
              Charlotte,
                North Carolina 28212

            

    

    

    (c)
       
      By
      giving
      notice to all other parties, any party may, from time to time, designate a
      different address to which notice by mail to such party shall be sent.

    

    4.06
       
      Successors
      and Assigns; Survival in Case of Merger: 

    (a)
       
      This
      Agreement is intended to bind and inure to the benefit of, and be enforceable
      by, Executive and the Company and their respective successors and assigns.
      

    

    (b)
       
      Without
      limiting the effect of the foregoing, this Agreement and all of its terms shall
      survive, and be enforceable by Executive, notwithstanding any merger,
      consolidation, combination, or reorganization of the Company with or into any
      other entity or person (“Surviving Entity”), including but not limited to any
      other corporation, partnership, or other similar organization, whether or not
      the Company is the Surviving Entity of such merger, consolidation, combination,
      or reorganization. The Surviving Entity shall be bound by this Agreement to
      the
      same extent as if such Surviving Entity had entered into the Agreement with
      Executive on the Effective Date. 

    

    (c)
       
      As
      a
      condition of any merger, consolidation, combination, or reorganization of the
      Company as discussed in Section 4.06(b) above, the Company agrees to include,
      as
      a condition of consummation of such merger, consolidation, combination, or
      reorganization, an undertaking by the Surviving Entity, pursuant to which the
      Surviving Entity shall agree in writing to be bound by this Agreement.

    

    4.07
       
      Amendment;
      Waiver: 

    No
      amendment or other modification of this Agreement nor any waiver of any term
      of
      this Agreement shall be valid unless it is in writing and signed by the party
      against whom enforcement of the amendment, modification, or waiver is sought.
      No
      waiver by any party of the breach of any term contained in this Agreement,
      whether by conduct or otherwise, in any one or more instances, shall be deemed
      to be or construed as a further or continuing waiver of any such breach of
      any
      other term of this Agreement. 

    

    4.08
       
      Further
      Assurances: 

    Each
      party hereto agrees to perform any further acts and to execute and deliver
      any
      further documents mutually agreed to in writing that may be reasonably necessary
      to carry out the provisions of this Agreement. 

    

    4.09
       
      Severability:
      

    In
      the
      event that any of the provisions, or portions thereof, of this Agreement are
      held to be unenforceable or invalid by any court of competent jurisdiction,
      the
      validity and enforceability of the remaining provisions, or portions thereof,
      shall not be affected thereby. 

    
      
        
        

      

      
        -
          6 -

        
          

        

      

      
        
        

      

    

    4.10
       
      Construction:
      

    Whenever
      used herein, the singular number shall include the plural, and the plural number
      shall include the singular. 

    

    4.11
       
      Gender:
      

    Any
      references hereto to the masculine gender, or to the masculine form of any
      noun,
      adjective, or possessive, shall be construed to include the feminine or neuter
      gender and form, and vice versa. 

    

    4.12
       
      Headings
      

    The
      headings contained in this Agreement are for purposes of reference only and
      shall not limit or otherwise affect the meaning of any of the provisions
      contained hereof. 

    

    4.13
       
      Multiple
      Counterparts: 

    This
      agreement may be executed in multiple counterparts, each of which shall be
      deemed to be an original but all of which together shall constitute one and
      the
      same instrument. 

    

    4.14
       
      Governing
      Law: 

    THIS
      AGREEMENT HAS BEEN EXECUTED IN AND SHALL BE COVERED BY THE LAWS OF THE STATE
      OF
      NORTH CAROLINA AND THE OBLIGATIONS OF THE PARTIES HERETO SHALL BE PERFORMABLE
      IN
      CHARLOTTE, NORTH CAROLINA. 

    

    4.15
       
      Inurement:
      

    Subject
      to the restrictions against transfer or assignment as herein contained, the
      provisions of the Agreement shall inure to the benefit of, and shall be binding
      on, the assigns, successors in interest, personal representatives, estates,
      heirs, and legatees of each of the parties thereto. 

    

    4.16
       
      Waiver:
      

    No
      waiver
      of any provision or condition of this Agreement shall be valid unless executed
      in writing and signed by the party to be bound thereby and then only to the
      extent specified in such waiver. No waiver of any provision or condition of
      this
      Agreement shall be construed as a waiver of any other provision or condition
      of
      this Agreement and no present waivers of any provision or condition of this
      Agreement shall be construed as a future waiver of such provision or condition.
      

    

    4.17
       
      Entire
      Agreement:  
      

    This
      Agreement contains the entire understanding between the parties hereto
      concerning the subject matter contained herein. 

    

    IN
      WITNESS WHEREOF, the parties to the Agreement have set their respective hands
      hereto as of the date first written above. 

     
      

    
      	
               
                

            	
               
                

            	
               
                

            
	
               
                

            	
              EXECUTIVE
                

            
	
               
                

               
                

            	
               
                

               
                

            	
               

               
                

            
	 	
              By:  
                

            	 

              

            
	
               
                

            	
              Name:
                [NAME OF EXECUTIVE & SIGNATURE]

            
	
               
                

            	
               
                

            

    

    

    
      	
               
                

            	
              COMPANY
                

              HouseRaising,
                Inc. 

            
	
               
                

               
                

            	
               
                

               
                

            	
               
                

               
                

            
	 	
              By:  
                

            	 

              

            
	
               
                

            	
              Name:
                Gregory J. Wessling

            
	
               
                

            	
              Title : 
                Chairman and CEO

            

    

     

    
      
        
        

      

      
        -
          7 -

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    BONUSES
      

    

    
      	
              ·  
                

            	
              Period
                of Contract and Renewals: 

            

    

    Executive
      will be eligible for a bonus of up to 75% of the annual compensation under
      this
      services agreement; payable quarterly based upon the completion of Company
      objectives and performance criteria to be mutually agreed upon by Executive
      and
      the Chairman/CEO and Board of Directors at the beginning of each year.

    

    
      	
              ·  
                

            	
              Note:
                 
                

            

    

    Regardless
      of any other objectives established, if during the first year of this Amended
      and Restated Services Agreement the Company reaches a market capitalization
      of
      $50 Million or more, then the first year’s objectives shall be deemed to have
      been met. If in the second year of operation a market capitalization of $75
      Million or more is achieved, then the second year’s objectives shall be deemed
      to have been met, and if, in the third year of operation, a market
      capitalization of $110 Million or more is achieved, then the third year’s
      objectives shall be deemed to have been met.  
      

    
      
        
        

      

      
        -
          8 -

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      B

    

    STOCK
      OPTIONS

    

    Executive
      are granted, upon execution of this Agreement, an option for [NUMBER OF SHARES
      INSERTED] shares at a price of fifty cents ($0.50) per share exercisable at
      any
      time during the ensuing ten years. The stock option shall vest over a three-year
      period, 33.4% of the balance vesting upon the first anniversary date of this
      agreement, 33.3% of the balance vesting at the end of the second anniversary
      date of this agreement, and the remainder vesting at the end of the third
      anniversary date of this agreement. Notwithstanding the above, all of the
      remaining option will vest upon the Company reaching a market capitalization
      of
      $75 Million or more. 

    

    Additionally,
      Executive has the right at any time to exercise all of the option or any portion
      of the total option, in which event Executive will take ownership of such stock
      but the Company will issue stock certificates to Executive according to the
      vesting schedule above and affix an appropriate restrictive legend referencing
      this Agreement. 

    

    In
      the
      event Executive elects to exercise [HIS/HER] rights in the preceding paragraph
      and if Executive requests ratable issuance, Company agrees to issue shares
      ratably at 1/36 th
      per
      month
      starting at the beginning of the first year. At any time the Company reaches
      a
      valuation of $75 Million or more or there is a change in control requiring
      the
      filing of a Current Report on Form 8-K, or the sale of the Company is
      consummated, then the Company will issue all shares upon such events.

    

    There
      will be no buy-back rights in such shares and the grant of any option does
      not
      imply any right to continued Agreement except what is provided herein.

    

    The
      parties agree that the said option will be issued in the name of [EXECUTIVE
      NAME
      INSERTED], or, as desired by Executive or their successors, the [EXECUTIVE
      NAME]
      Family Limited Partnership as an immediate pass-through from [EXECUTIVE NAME],
      the Executive, to the [EXECUTIVE NAME] Family Limited Partnership.

    
      
        
        

      

      
        -
          9 -

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