MKM Opportunity Master Fund, Ltd. October 29, 2009 MKM SP1, LLC c/o MKM Capital Advisors, LLC
EXHIBIT 4.13
MKM SP1,
LLC
c/o MKM
Capital Advisors, LLC
000
Xxxxxxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx,
Xxx Xxxx 00000
Attn: Xx.
Xxxxx Xxxxxxxx, Portfolio Manager
Xxxxxx
Xxxxxx Irrevocable Trust u/t/a dated June 17, 1965
00000
Xxxxxxxx Xxxxxxxxx, Xxxxx 000
Xxxxx,
Xxxxxxx 00000
Gentlemen:
This letter shall serve to confirm an
extension of the Standstill Agreement dated June 1, 2009 (as amended) so that
the expiration date of the Standstill Period as defined in Section 1(a) of the
Standstill Agreement shall now terminate on the close of business on December 1,
2009. As consideration for the extension of the Standstill Agreement, Hague
Corp. shall issue to each of the Xxxxxx Xxxxxx Irrevocable Trust u/t/a dated
June 17, 1965 and MKM Opportunity Master Fund, Ltd., warrants to purchase
1,000,000 shares of common stock, exercisable at $.10 per share through the
close of business on October 31, 2014.
The
warrants will contain cashless exercise provisions.
If the foregoing correctly sets forth
our agreement, please acknowledge your acceptance of this agreement by signing
and returning a copy of this agreement to the undersigned.
This
agreement may be executed by the parties hereto in counterpart. This
agreement and all such counterparts so executed taken together shall be deemed
to constitute one and the same instrument.
Very truly yours,
By: /s/ Xxxxxxx Xxxxxxx
Xxxxxxx
Xxxxxxx
Chief
Executive Officer
SOLTERRA
RENEWABLE TECHNOLOGIES, INC.
By:/s/ Xxxxxxx Xxxxxxx
Xxxxxxx
Xxxxxxx
Chief
Executive Officer
ACCEPTED
AND AGREED:
MKM
OPPORTUNITY MASTER FUND, LTD.
By: /s/ Xxxxx Xxxxxxxx
Xxxxx Xxxxxxxx
Portfolio Manager
MKM SP1,
LLC
By /s/
Xxxxx Xxxxxxxx
Xxxxx Xxxxxxxx
Portfolio Manager
XXXXXX
XXXXXX IRREVOCABLE TRUST U/T/A
DATED
JUNE 17, 1965
By: /s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
Trustee
