PURCHASE AGREEMENT AND DEBENTURE AMENDMENT AGREEMENTPurchase Agreement and Debenture Amendment Agreement • April 16th, 2010 • Statmon Technologies Corp • Drilling oil & gas wells • New York
This PURCHASE AGREEMENT AND DEBENTURE AMENDMENT AGREEMENT (the “Agreement”), dated as of April 15, 2010, is between Statmon Technologies Corp., a Nevada corporation (the “Company”), with its principal place of business at 3000 Lakeside Drive, Suite 300 South, Bannockburn, Illinois 60015, Gemini Master Fund, Ltd. (“Gemini”), Harborview Master Fund LP (“Harborview”) and Monarch Capital Fund Ltd. (“Monarch” and, collectively with Gemini and Harborview, “Purchasers”).
HARBORVIEW CAPITAL MANAGEMENT, LLC New York, NY 10022 Tel: (646) 218-1400Financial Advisor and Consulting Agreement • April 16th, 2010 • Statmon Technologies Corp • Drilling oil & gas wells • Illinois
This letter confirms our understanding that Harborview Capital Management, LLC (“HCM”) has been engaged to act as a non-exclusive financial advisor and consultant in connection with strategic planning and a capital raise (“Private Placement”) to meet current and ongoing capital needs of Statmon Technologies Corp. (“the Company”). HCM in this capacity will work with management and review and advise the Company on strategic issues as reasonably requested by the Company and help identify funding opportunities for a period of twelve months (the “Term”) from the date of this Agreement. Upon the Company’s acceptance, this letter agreement (“Agreement”) will confirm the terms of the engagement agreed to between HCM and the Company on the terms set forth herein. The terms of HCM’s engagement are as follows:
