Re: Financial Representative Agreement with J.P. Turner & Company, LLCFinancial Representative Agreement • July 13th, 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 an offering of new securities (the “Offering”) of Quantum Fuel Systems Technologies Worldwide, Inc. (the “Company”) to accredited investors. The securities to be sold in the Offering are expected to be unregistered common shares and warrants (the “Securities”) as more particularly described in the Company’s private placement memorandum (“Offering Memorandum”); however, the Company and Agent (collectively, the “Parties”) can elect to offer different securities. The gross proceeds from the Offering are estimated to be $20,000,000. It is contemplated that the pricing for the Securities will be equal to the lesser of (i) eighty-five percent (85%) of the market value for the common shares as of the date of the Initial Closing and (ii) the fixed price (the “Fixed Price”), which sh
AGREEMENTConvertible Promissory Note Agreement • July 13th, 2010 • Quantum Fuel Systems Technologies Worldwide, Inc. • Motor vehicle parts & accessories • Delaware
THIS AGREEMENT (“Agreement”) is made and entered into this 8th day of July, 2010, by and between Quantum Fuel Systems Technologies Worldwide, Inc. (“Quantum”) and WB QT, LLC (“WB QT”).
