STANDARD INVESTMENT CHARTERED, INC. Tustin, California 92780-6950 714-573-4095/4015 faxTelegen Corp /Co/ • November 14th, 2001 • Computer & office equipment • California
Standard Investment Chartered, Inc. (“Standard”) is pleased to provide you with this proposal containing the basic terms under which Standard will provide consulting, investment banking and brokerage services to Telegen Corporation (“Telegen” or the “Company”) and its subsidiaries on a non-exclusive basis. Standard’s primary mission will be to (i) facilitate a private placement investment in Telegen (an “Investment Transaction”) by another corporation, individual, trust, limited liability company, partnership, or other entity (an “Investor”),and (ii) direct the Company’s investor relation efforts on the Over-the-Counter Electronic Bulletin Board. If the appropriate circumstances arise, however, Standard may also facilitate a Sale Transaction (as defined below) at the direction of Telegen’s management and board of directors. This letter will set forth the terms of the engagement agreed to between us.
