The undersigned agree that the Schedule 13D with respect to the Common Stock of WorldWater and Power Corp. is a joint filing being made on their behalf.
Dated: March 8, 2007 /s/ David Gelbaum ------------------------------------------------ David Gelbaum, Co-Trustee of The Quercus Trust
Monica Chavez Gelbaum ------------------------------------------------ Monica Chavez Gelbaum, Co-Trustee of The Quercus Trust
David Gelbaum ------------------------------------------------ The Quercus Trust, David Gelbaum, Co-Trustee of The Quercus Trust
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David Gelbaum and Monica Chavez Gelbaum are investors; the Trust is a revocable trust formed for estate planning purposes. All shares of Common Stock were purchased using personal funds.
Item 4. Purpose of Transaction
The shares of Common Stock were purchased by the Trust for investment purposes. The reporting persons have no plans or proposals which relate to or which would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. However, the reporting persons retain their rights to modify their plans with respect to the transactions described in this Schedule 13D, to vote, acquire or dispose of securities of the Issuer and to formulate plans and proposals which could result in the occurrence of any such events, subject to applicable laws and regulations.
Item 5. Interest in Securities of the Issuer
(a) As of the date of this Schedule 13D, each reporting person beneficially owns 7,932,500 shares of Common Stock, which are held of record by the Trust.
(b) Each of David Gelbaum and Monica Chavez Gelbaum, acting alone, has the power to exercise voting and investment control over the shares of Common Stock owned by the Trust. |