Gunter Land Services, LLC Po Box 151265 The one “full service” land acquisition company providing Fort Worth, TX 76108 the resources that make the world go round. 817-909-8935 www.gunterlandservices.com

EARLY STAGE WINDFARM DEVELOPMENT PROPOSAL

OCHILTREE COUNTY PROSPECT

Gunter Land Services, LLC Po Box 151265 The one “full service” land acquisition company providing Fort Worth, TX 76108 the resources that make the world go round. 817-909-8935 www.gunterlandservices.com

PROJECT INTRODUCTION AND SYNOPSIS

Gunter Land Services, LLC is a full service energy land services company based

out of Fort Worth, TX that offers lease acquisition, title research, production analysis for oil/gas, complete early stage wind farm development, marketing projects/leasehold for our clients and more for wind energy as well as oil/gas. Our team members are top notch in their field and have experience all over the country. You can read more about us at www.gunterlandservices.com.

We are currently seeking individuals or companies that want to participate in early stage wind farm development. The new administration has called for 20% of U.S. electric production to be by wind by the year 2020 and with current wind production at only around 2%, so as you can see the nation will need to increase production on a large scale. The early stage developer does the following things before selling the project off to at construction level developer like GE Wind, Clipper or Horizon.

• Measures the wind resource • Acquire wind leasehold from property owners • Hold community meetings to get community on board • Work with transmission company for interconnections

At no time will we finance or pay for the turbines or construction, just the early

stage development. Most developers will pay an amount up front on a per acre basis plus either one time “success payments” based off of the total Kw installed or royalties based off of production for projects like ours that they purchase. The potential of a 100 Mw wind farm could be as high as $5,000,000 if it is ever produced. Enclosed you will find supporting documents that outline a basic timeframe and our capital needs for the project as well as our areas of interest for development as well as an advertisement in the August 2009 issue of North American Windpower that illustrates that there are buyers ready to purchase the type of projects we want to develop. If you have any questions about anything or need a better explanation of how the process works or how you will see a return, please contact Kenny Gunter at kgunter@gunterlandservices.com or on his cell at 817-909-8935.

Remember, wind is in the future and only those who harness it will be successful!

Gunter Land Services, LLC Po Box 151265 The one “full service” land acquisition company providing Fort Worth, TX 76108 the resources that make the world go round. 817-909-8935 www.gunterlandservices.com

Project Timeline

24 Months in the Life of a Wind Developer

Month 1-3 Locate ideal site 1-3 Lease 1 site to begin wind assessment 1-3 Erect met tower with anemometer 4-6 Begin public campaign (meetings, media, politicians etc) 6 MONTHS of tower data = 1st Go or No Go decision 6-12 Lease approximately 5,000 acres 12 MONTHS of tower data = 2nd Go or NO Go decision 13 Interconnection study queue 12-24 Marketing the power to be produced, PPA’s 12-24 Lease up to 10,000 acres for buffer and expansion 12-24 Looking for financial partners 12-24 Order turbines, 10% down needed (about 16 month wait) 18-24 Public Relations 24 MONTHS of tower data = FINAL GO OR NO GO Decision 24+ Sell project to construction level developer Capital Needs Months 1-3 = $55,000 to purchase the anemometer tower and cover some operating capital for community meetings, etc. Month 13 = $120,000 for interconnection study/permit with SPP, operating capital and marketing costs for sale of project. We are willing to sell a 34% equity stake in this project in exchange for the total $175,000 needed. Our immediate need is for the $55,000 in exchange for which we will deliver 10% equity in the project. Once the project is sold we expect a return of around $10,000 / 1% of project equity with the potential of much more upon production of electricity on the project (See the portion about success payments in the Marathon Capital ad)

Gunter Land Services, LLC Po Box 151265 The one “full service” land acquisition company providing Fort Worth, TX 76108 the resources that make the world go round. 817-909-8935 www.gunterlandservices.com

BASIC PROJECT ECONOMICS

• As stated above, we are willing to sell off 34% of this project for a total investment of $175,000.

• As stated above, an investment of $55,000 for the purchase of the anemometer and

operating capital will gain the investor a 10% equity stake in the project, leaving 24% of equity remaining for the additional $120,000 needed.

• Our goal is to sell this project for around $100/acre once all the data is acquired and we

have entered the interconnection queue with the Southwest Power Pool (SPP). A total lease hold of 10,000 acres selling for $100/acre is a gross of $1,000,000 for the entire project. That comes out to roughly $10,000 per 1% of equity for the stake holders.

• Using the low end of the numbers stated in the Marathon Capital Ad that is enclosed

herein, additional “success payments” would total $30,000 per turbine extra for the stake holders based off of $20/Kw (1.5Mw = 1500Kw * $20 = .$30,000 per turbine) For a 100 Mw wind farm which includes sixty-seven 1.5Mw turbines, that would be an additional “success” bonus of $2,010,000 for the equity holders. If we use the high end of the numbers stated in the Marathon Capital Ad that is enclosed herein, the total would be $112,500 per turbine extra for the state holders based off of $75/Kw; which would be a total of $7,537,500 in “success payments” for a total of 67 1.5Mw turbines erected on the prospect area.

Total Return Potentials: $55,000 Invested 10% Equity State $100,000 +/- total return upon sale of project $201,000 +/- additional potential return dependent on electric production at $20/Kw $753,750 +/- additional potential return dependent on electric production at $75/Kw $120,000 Invested 24% Equity State $240,000 +/- total return upon sale of project $482,400 +/- additional potential return dependent on electric production at $20/Kw $1,809,000 +/- additional potential return dependent on electric production at $75/Kw

KNOWN WINDFARMS AND OUR PROPOSED AREAS OF INTEREST*

*this map is not necessarily representative of all wind farms but only those that our research was able to discover.