Re: Placement Agent Agreement with J.P. Turner & Company, LLCSensiVida Medical Technologies, Inc. • February 14th, 2011 • Surgical & medical instruments & apparatus • Georgia
This letter (the “Agreement”) is to set forth the terms and conditions pursuant to which J.P. Turner & Company, L.L.C. (the “Agent”) shall, except as expressly noted to the contrary herein, serve as, exclusive placement agent and financial advisor in connection with the best efforts sale (the “Offering”) of new securities of SensiVida Medical Technologies, Inc. (together with its affiliates and subsidiaries, the “Company”), for purposes of execution of the business plan, pursuant to all transaction documents that memorialize the Offering to be offered only to accredited investors (the “PPM”). The Offering will be on a reasonable best efforts basis and the securities to be sold in Offering are expected to be convertible preferred stock and warrants to purchase common shares (the “Securities”); however, the Company and Agent (collectively, the “Parties”) can elect to offer different securities. The gross proceeds to be received by the Company from the placement of the Securities are esti
