CONFIDENTIALFresh Healthy Vending International, Inc. • March 15th, 2016 • Refrigeration & service industry machinery • New York
This letter (the “Agreement”) constitutes the agreement between Fresh Healthy Vending International, Inc. (the “Company”) and Joseph Gunnar & Co., LLC (“Joseph Gunnar”) that Joseph Gunnar shall, subject to the terms hereof, serve as (i) the exclusive placement agent and investment banker for the Company in connection with an offer and placement, on a best efforts basis, (the “Private Placement”) of approximately $2 million or greater of debt or securities of the Company (the “Securities”) and, (ii) the sole book-runner for the underwriting of a registered public offering on a firm commitment basis (the “ Public Offering”) of common stock (the “Common Stock”) by the Company. The terms of the Private Placement and the Public Offering shall be mutually agreed upon by the Company and the investors and nothing herein implies that Joseph Gunnar has or would have the authority to bind the Company or an obligation of the Company to issue any Securities or Common Stock or to complete the Privat
