STANDBY PURCHASE AGREEMENTStandby Purchase Agreement • March 13th, 2008 • Particle Drilling Technologies Inc/Nv • Oil & gas field services, nec • New York
This STANDBY PURCHASE AGREEMENT (this “Agreement”) dated March 7, 2008, by and among Particle Drilling Technologies, Inc., a Nevada corporation (the “Company”), and LC Capital Master Fund, Ltd., a Cayman Islands exempted company (“LCC”), and Millennium Partners, L.P., a Cayman Islands limited partnership (“MLP” and, together with LCC, the “Standby Purchasers”).
