Document:

Exhibit 4.3

 

	
  

  	
  

  12221 Merit Dr.

  Suite 300

  Dallas, Texas 75251

  972.661.8700

  Fax 972.661.5031

  800.225.3650

  

 

September 7 2006

Surfect Technologies, Inc.

Steve Anderson, Chief Executive Officer

12000 G Candelaria NW

Albuquerque, NM 87112

Gentlemen:

1.             WFG Investments, Inc. (“Placement
Agent”) Placement Agent shall serve as a non-exclusive placement agent for the
Surfect Technologies, Inc. (the “Company”) in connection with the offer and
sale of the Units (the “Offering”) in accordance with and as described
in the Private Placement Memorandum dated July 27, 2006. Placement Agent agrees
to act in such capacity and to use its best efforts to find purchasers for the
Units in accordance with the terms of this Agreement.

2.             Placement Agent shall receive a
cash commission equal to 8% of total gross funding and 8% warrant coverage of
gross funding provided by Placement Agent. The Company shall issue Placement
Agent a Warrant exercisable at $2.00 per share of Commons Stock and expiring at
the latest date of any securities issued in such 48 months after the Closing of
such funding (the “Warrant”). The shares of common stock that underlie Warrant
shall have “Piggyback Registration Rights”. Company warrants that the Warrant issued
to Placement Agent under this Agreement by the Company shall be or have been
validly issued and that the Company’s board of directors has or shall have duly
authorized the issuance and of the Warrant to Placement Agent.

3.             Placement Agent is not responsible
for any costs, expenses or charges incurred by the Company in connection with
the Offering including, without limitation, state “blue sky” securities,
federal securities, attorneys’, accounting or document preparation or
negotiation fees.

4.             The Company agrees to indemnify and hold harmless
Placement Agent, each of its officers, directors, employees, agents and
affiliates, and each person who controls Placement Agent within the meaning of
Section 15 of the Act (each, an “Indemnified Party” and collectively,
the “Indemnified Parties”), against any losses, claims, damages or
liabilities, including reasonable attorneys’ fees, to which any Indemnified
Party may become subject under the Act or otherwise, insofar as such losses,
claims, damages or liabilities (or actions in respect thereof) arise out of or
are based upon the Company’s negligence with respect to (i) the Offering, (ii)
the representations and warranties made to Placement Agent in this Agreement
(including by incorporation by reference to the Purchase Agreement) or
otherwise or (iii) the agreements and

 

covenants of the Company
contained in this Agreement (including by incorporation by reference to the
Purchase Agreement) or otherwise. The Company will promptly reimburse the
Indemnified Parties for any legal or other expenses reasonably incurred by the
Indemnified Parties in connection with defending any such claim, liability or
action. This indemnity will be in addition to any liability which the Company
may otherwise have and shall survive the termination of this Agreement.

5.             This Agreement shall become
effective upon the date of acceptance and execution of this Agreement by the
Company as set forth below. This Agreement shall terminate upon the earlier to
occur of (i) the Company’s receipt of written notice from Placement Agent
terminating this Agreement or (ii) the Placement Agents receipt of written
notice from the Company terminating this agreement or (iii) October 21, 2006.

6.             This
Agreement contains all of the understandings and agreements of the parties with
respect to the subject matter discussed herein. All prior agreements, whether
written or oral, are merged herein and shall be of no force or effect. This
Agreement shall be governed by and construed in accordance with the domestic
laws of the State of New Mexico without giving effect to any choice of law or
conflict of law provision or rule (whether of the State of New Mexico or any
other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of New Mexico. Should any clause, section or
part of this Agreement be held or declared to be void or illegal for any
reason, all other clauses

We
look forward to working with you on the Offering. If the foregoing accurately
represents your understanding of our agreement, kindly execute this Agreement
in the space provided below and return two copies and one original to us.

	
  

  	
  Very truly
  yours,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  ACCEPTED AND AGREED:

  	
   

  
	
   

  	
   

  
	
  SEPT 7, 2006

  	
   

  
	
   

  	
   

  
	
  SURFECT TECHNOLOGIES,
  INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Steve Anderson

  	
   

  	
   

  
	
   

  	
  Steve Anderson

  	
   

  
	
   

  	
  President and Chief Executive OfficerExhibit 4.4

 

MEMBER NEW YORK STOCK EXCHANGE

July 28, 2006

 

Steve Anderson

President & CEO

Surfect Technologies, Inc.

12000-G Candelaria NE

Albuquerque, NM 87112

 

Dear Mr. Anderson:

 

This
letter shall set forth our agreement (“Agreement”) with respect to the
non-exclusive services to be provided by Westminster Securities Corp. (“Westminster”)
to Surfect Technologies, Inc. (the “Company”), in connection with the Company’s
desire to raise up to $3 million in equity financing (“Transaction”), upon
terms and conditions proposed by or agreeable to the Company. Westminster will
endeavor to introduce to the Company, in writing (via email, facsimile, or hard
copy letter), individuals or entities that may have an interest in investing in
the Transaction (together with their affiliated employees, funds and management
companies, “Investors”). For clarity, “Investors” shall only include such Investors
introduced by Westminster. We hereby agree as follows:

1.   Services.
Westminster shall use reasonable efforts to introduce to the Company potential
Investors. The Company agrees to pay Westminster the fees set forth in
Paragraph 2 with respect to a Transaction entered into with any Investor (a “Completed
Transaction”). Westminster represents that:

(i)            It
will introduce to the Company only accredited investors who reside in states
where Westminster is registered as a broker-dealer.

(ii)           It
is a member in good standing of the National Association of Securities Dealers,
Inc. and a registered broker-dealer with the Securities and Exchange Commission.

(iii)          It
has the power and authority to enter into this Agreement, and that this
Agreement will be binding and enforceable against it in accordance with its
terms, subject to bankruptcy laws and other laws applicable to the enforcement
of creditors’ rights generally.

2.   Compensation.
As compensation for the assistance described above, the Company agrees to pay
to Westminster, with respect to any Completed Transaction and upon each closing
thereof, an amount equal to:

(i)            Six
percent (6%) of all gross cash proceeds received by the Company from any
Investors in a Completed Transaction; and

(ii)           Warrants
to purchase six percent (6%) of the total common stock issued and issuable to
Investors in a Completed Transaction (including common stock underlying
warrants and convertible securities), exercisable at $2.00 and expiring at the
latest date of any securities issued in such Completed Transaction.

Such
compensation shall be due and payable with respect to any Investor introduced
by Westminster in a Completed Transaction during the term hereof or for up to
twenty four (24) months following termination, completion or abandonment of the
transaction. Notwithstanding anything to the contrary contained herein, the
Company shall have the sole and absolute discretion to accept or not accept, in
whole or in part, any subscriptions

3.   Term. This retention of
Westminster by the Company hereunder shall commence on the date hereof and
shall continue until terminated by either party immediately upon written notice
to the other or, if earlier, the termination or abandonment of the Transaction,
subject to the survival of Section 2 for the period described therein and the
survival of Section 5.

 

4.   Independent
Contractor. Westminster shall at all times act as and be an independent
contractor, and in no event shall other Westminster or any of its employees,
agents or representatives be deemed to be an employee, agent or representative
of the Company, Westminster shall have no authority to bind the Company to any
obligation, express or implied.

5.   Indemnification.
The Company shall indemnify Westminster and its agents and hold them harmless
form and against any and all losses, claims, damages, actions, expenses
(including without limitation reasonable attorneys fees and disbursements) and
liabilities (collectively, “Claims”) arising in any manner out of or in
connection with statements made to or written materials provided by the Company
to Investors, directly or indirectly, except to the extent the claims are
caused by the gross negligence or
willful misconduct of Westminster or its agents.

6.   Non-Circumvention.
Westminster and the Company hereby represent, warrant and covenant that neither
party will directly or indirectly interfere with, seek to terminate, limit,
circumvent or otherwise damage or alter in any respect the relationship, rights,
duties and obligations of the Parties established hereby or the interests of
the Parties created hereby, and the Company represents that it will not seek to
arrange any transaction involving the Investor(s) which is similar to the
Transaction contemplated hereby other than pursuant to the terms hereof to the
benefit of all.

7.   Miscellaneous.
This Agreement constitutes the entire agreement of the parties pertaining to
the subject matter hereof, and the parties have made no agreements,
representations or warranties relating to the subject matter of this Agreement
that are not set forth herein or therein. This Agreement may not be modified,
amended or waived in any manner except by an instrument in writing signed by
each of the parties hereto. The waiver by either party of compliance with any
provision of this Agreement by the other party shall not operate or be
construed as a waiver of any other provision of this Agreement or of any other
breach by such party of a provision of this Agreement. Neither party may assign
its rights or obligations hereunder. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to the conflicts of laws principles thereof. In the event that any controversy
or claim arising out of this Agreement cannot be settled by the parties hereto,
such controversy or claim may be settled by arbitration in accordance with the
then current rules of the American Arbitration Association, in the State of New
York, and judgment upon the award may be entered into any court having
jurisdiction thereof. The prevailing party shall be reimbursed by the
nonprevailing party for all reasonable attorney’s fees and costs (including all
arbitration costs) incurred by the prevailing party in resolving any such
dispute. This Agreement may be executed in counterparts, each of which shall be
deemed an original and all of which together will constitute one and the same
instrument.

If the foregoing
represents our agreement, please sign below where indicated and return to me. We
look forward to assisting you in this matter.

	
  

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  WESTMINSTER SECURITIES CORP.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 

  	
   John P. O’Shea

  
	
   

  	
   

  	
  John P. O’Shea

  
	
   

  	
   

  	
  President / CEO

  
	
   

  	
   

  
	
  APPROVED AND
  ACCEPTED THIS

  	
   

  
	
  31 DAY OF JULY,
  2006:

  	
   

  
	
   

  	
   

  
	
  SURFECT
  TECHNOLOGIES, INC.

  	
   

  

 

 

	
  By:

  	
  /s/ Steven Anderson

  	
   

  	
   

  
	
   

  	
  Name:

  	
  STEVEN ANDERSON

  	
   

  
	
   

  	
  Title:

  	
  CEO/PRESIDENT

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