Re: Financial Representative Agreement with J.P. Turner & Company, LLCFinancial Representative Agreement • February 11th, 2010 • Quantum Fuel Systems Technologies Worldwide Inc • Motor vehicle parts & accessories • 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 serve as exclusive placement agent and financial advisor in connection with the best efforts sale of new securities (the “Offering”) of Quantum Fuel Systems Technologies Worldwide, Inc. (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 “Memorandum”). The Agent understands that the exclusivity is limited in scope to the securities covered by the Memorandum for this particular Offering only and that during the term of this Agreement the Company is not precluded from selling its equity or debt securities to investors not introduced by the Agent and that Agent shall not be entitled to any fees, damages or other form of remuneration as a result of such sales. However the company agrees that from the date of the Memorandum unt
