MEMORANDUM OF UNDERSTANDINGMemorandum of Understanding • April 29th, 2008 • Energy King, Inc. • Construction - special trade contractors
THIS MEMORANDUM OF UNDERSTANDING (this “Memorandum”) is entered into as of April 29, 2008 and memorializes the parties’ understanding regarding that certain Securities Purchase Agreement entered into as of June 29, 2007, as amended (the “Purchase Agreement”), by and between Energy King, Inc., formerly Buckeye Ventures, Inc. (the “Company”), and Trafalgar Capital Specialized Investment Fund, Luxembourg (the “Buyer”) and the Transaction Documents as defined in the Purchase Agreement.
