August 31, 2004 Mr. John Mitola Electric City Corporation 1280 Landmeier Road Elk Grove Village, Illinois 60007 Dear Mr. Mitola:Financial Advisory Agreement • March 31st, 2005 • Electric City Corp • Electronic & other electrical equipment (no computer equip) • Illinois
This letter will confirm our agreement (“Agreement”) that Delano Group Securities, LLC (“Advisor”) is authorized to represent Electric City Corporation and its affiliates and related entities (collectively, the “Company”) and to assist the Company as its financial advisor on the terms and conditions set forth herein. This Agreement shall become effective upon the execution hereof by both Advisor and the Company.
