2,500,000 Shares of Common Stock ENVIRONMENTAL POWER CORPORATION UNDERWRITING AGREEMENT January , 2004Underwriting Agreement • December 23rd, 2004 • Environmental Power Corp • Cogeneration services & small power producers • New York
Environmental Power Corporation, a corporation organized and existing under the laws of Delaware (the “Company ”), proposes, subject to the terms and conditions stated herein, to issue and sell to the underwriters named in Schedule I hereto (the “Underwriters”), acting severally and not jointly, an aggregate of 2,500,000 shares (the “Firm Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock ”). The Company also proposes to issue and sell to the Underwriters, for the sole purpose of covering over-allotments in connection with the sale of the Firm Shares, and at the option of the Underwriters, up to an additional 375,000 shares (the “Additional Shares”) of Common Stock. The Firm Shares and the Additional Shares are referred to herein collectively as the “Shares.” The Shares are more fully described in the Registration Statement referred to below.
