SECURED PROMISSORY NOTE

THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAS NOT BEEN REGISERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ ACT ”) OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT, OR (B) AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 UNDER THE ACT.  NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

THE OBLIGATIONS EVIDENCED BY THIS NOTE ARE SECURED BY ASSETS OF THE COMPANY AND ITS SUBSIDIARIES AS MORE FULLY SET FORTH IN THAT CERTAIN SECURITY AGREEMENT OF EVEN DATE HEREWITH BETWEEN THE COMPANY AND HOLDER.

FOR VALUE RECEIVED , Stratos Renewables Corporation , a Nevada corporation (“ Company ”) promises to pay to the order of Blue Day SC Ventures, a joint venture of BlueDay Limited, a business company existing under the laws of the British Virgin Islands and MA Green, a partnership (“ Holder ”), or its registered assigns, the principal sum of Eight Million Six Hundred Fifty Nine Thousand Seven Hundred Nineteen Dollars (US$8,659,719) or such lesser amount as shall equal the outstanding principal amount hereof, together with interest from the date of this Note on the unpaid principal balance at a rate equal to fifteen percent (15%) per annum, computed on the basis of the actual number of days elapsed and a year of 365 days. All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earliest to occur (the “ Maturity Date ”) of (i) December 31, 2012, (ii) a Change of Control (as defined below) or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Holder or made automatically due and payable in accordance with the terms hereof.  All references to Dollars herein are to lawful currency of the United States of America. This Secured Promissory Note (including all Secured Promissory Notes issued in exchange, transfer or replacement hereof, this “ Note ”) is one of the Notes issued by the Company pursuant to Section 1.1 of that certain Secured Note And Common Stock Purchase Agreement dated July 15, 2009 (as amended, modified or supplemented, the “ Note and Common Stock Purchase Agreement ”) between Company and Investors (as defined in the Note and Common Stock   Purchase Agreement).

All amounts owing on this Note shall be payable in arrears, with payments first applied to any and all costs and expenses incurred by Holder in enforcement or the preservation of any rights hereunder, second to accrued and unpaid interest on this Note, and thereafter on the unpaid principal amount hereof, at the address for such purpose specified below the Holder’s name on Schedule I of the Note and Common Stock   Purchase Agreement, or at such other address as the Holder may from time to time direct in writing.

This Note may be prepaid by the Company, but, except with respect to prepayments described in Section 4 below, prepayment may be made only with the consent of the Holder.  Any prepayment of amounts outstanding under this Note shall be made in connection with a prepayment with respect to all Notes issued pursuant to the Note and Common Stock Purchase Agreement, allocated pro rata among such Notes based on the principal and interest outstanding with respect thereto.

The following is a statement of the rights of Holder and the conditions to which this Note is subject, and to which Holder, by the acceptance of this Note, agrees: