Document:

Exhibit 10.5

EXECUTIVE COMPENSATION AGREEMENT

This Agreement
is made as of the 1st day of March 2009, between 11 GOOD ENERGY,
INC., a Delaware Corporation with its principal offices at 4450 Belden Village
Street, N.W., Suite 800, Canton, Ohio 44719 (the “Company”) and Gary R. Smith,
3262 Stillwater Ave. N.W., Canton, Ohio 44718 (the “Executive”) 

AGREEMENT

          In
consideration of the mutual agreements set forth herein, the parties, intending
to be legally bound, agree as follows: 

          1.
Employment

                    a.)
Position. The Company hereby agrees to employ the Executive, and the
Executive hereby accepts employment by the Company as Chief Operating Officer. 

                    b.)
Performance. Except as set forth below, Executive agrees to devote his
full best efforts, judgment, skills, and talents exclusively in the business
and affairs of the Company and, in the performance thereof, to comply with the
policies of and subject to the direction of the Board of Directors of the
Company. 

                    c.)
Responsibilities. Executive shall be responsible for the duties assigned
to him by the Board of Directors or by the Chief Executive Officer of the
Company with authority to the Executive Officer. Executive is engaged to act as
the Company’s Chief Operating Officer and shall perform all of the usual duties
inherent in such position(s) as well as such other duties as may from time to
time be delegated to him by the Board of Directors. 

          2.
Compensation. 

                    a.)
Base Salary. The Company agrees to pay the Executive and Executive
agrees to accept as compensation for all of his services, a base salary payable
in accordance with the Company’s standard payroll policy at the annual rate of
$250,000; the base salary may be paid to the Executive in cash or in the common
Stock of the Company, at the election of the Company. In the event that the
Company elects to compensate the Executive in the common stock of the Company,
the Company will undertake to register such common stock under SEC Form S-8 for
this purpose. The Board of Directors or the Compensation Committee of the Board
of Directors shall review the Executive’s performance on an annual basis and
shall determine, in its discretion, whether to increase the base salary. 

                    b.)
Bonuses. Executive shall be eligible to receive, in addition to his base
salary, an annual cash bonus under the Company’s bonus program for key
management personnel administered by the Board of Directors or the Compensation
Committee of the Board of Directors under which a cash bonus will be payable
based upon the Company’s performance and Executive’s personal performance, with
a range of bonus from 0 to 100% of Executives prior year’s base salary. 

                    c.)
Expenses. The Company shall pay or reimburse Executive during his
employment hereunder for all reasonable travel and other expenses incurred by
Executive in the performance of his duties and obligations hereunder upon
submission of appropriate supporting documentation. 

                    d.)
Benefit Plan. Executive shall be entitled to participate in all of the
Company sponsored employee benefit plans. 

                    e.)
Vacation. Executive shall be entitled to at least 4 weeks of vacation
during each twelve-month period of his employment hereunder. 

          3.
Indemnification. The Company shall to the fullest extent permitted by
law and not inconsistent with the provisions of the Certificate of
Incorporation and By-laws of the Company indemnify Executive if Executive shall
become, or shall be threatened with becoming, a party to any action, suit, or
proceeding by reasons of his acting as an officer, agent, or employee of the
Company, and such indemnification shall not be deemed exclusive of any other
rights to which Executive may be entitled as a matter of law or in accordance
with any agreement, document, instrument, or under any policy of insurance
carried by the Company and such indemnification shall survive termination of
this Agreement. 

          4.
Confidential Information. 

                    a.)
Executive acknowledges that the information, observations and data regarding
the Company and its subsidiaries obtained by him during the course of his
employment, either before or after the effective date if the Agreement, are the
property of the Company. Therefore, Executive agrees that he will not disclose
to any unauthorized person or use for his own account or for the benefit of any
third party (other than the Company and its subsidiaries) any of such
information, observations or data without prior express written approval of the
Board of Directors of the Company. Notwithstanding the foregoing, Executive may
disclose information, observations or data to the extent that (i) the same
become generally known to and available for use by the public other than as a
result of acts or omissions to act by the Executive in violation of this
paragraph 7 or, (ii) such disclosure is required by law or legal process.
Executive may retain copies of his director files, initial public offering
files and Company presentation files. 

                    b.)
Except as may be otherwise provided in Paragraph 1, Executive shall not during
the term of this Agreement work for or otherwise assist a business or
organization,. Or invest in the securities(other than a portfolio investment,
including without limitation investment in mutual funds, not exceeding 2% of
outstanding securities of a firm listed on a national stock exchange or traded
NASDAQ market) of any other business or organization, if such business or
organization now is or shall then be competing with the Company; provided,
however, that the Executive may serve on the board of directors 

or the board
of trustees of other business or organizations with the approval of the Board
of Directors of the Company. 

                    a.)
For a period of one year subsequent to the later to occur of (i) the
termination of Executive’s employment with the Company, or (ii) the termination
of any consulting arrangement between the Company and Executive, Executive
shall not compete directly or indirectly be associated with, or act as an
independent contractor or consultant, or be a director, officer, employee,
owner, or partner of, any other business or organization that competes with the
business of the Company as then conducted. Nothing contained herein will be
deemed to require the Company to enter into a consulting agreement with the
Executive upon termination of the Executive’s employment with the Company. 

          5.
Term and Termination. 

                    a.)
Term. The term of this agreement shall commence March 1, 2009 and shall
terminate March 1, 2012 unless earlier terminated as provided in Section 8(b)
below. 

                    b.)
Termination. 

                              (i).
This Agreement and Executive’s employment hereunder may be terminated by the
Company at any time with Cause (as hereafter defined) on 30 days’ prior written
notice. 

                              (ii)
This Agreement and Executive’s employment hereunder may be terminated by
Executive on 30 days’ prior written notice upon the occurrence of any one of
the following events: (A) the failure of the Company to elect or reelect or to
appoint or reappoint Executive to the Chief Operating Officer; (B) a material
change by the Company in Executive’s functions, duties, or responsibilities
which change would case Executive’s position with the Company to become less
dignity, responsibility or scope from the position and responsibilities
described in Section 1 hereof; (C) the liquidation or dissolution, or
consolidation, merger or other business combination (including assumption of
control by a shareholder or consortium of shareholders.) of the Company, or
transfer of all substantially all of its assets, unless any such consolidation,
merger or other business combination does not adversely affect Executive’s
position or the dignity or responsibilities of Executive, in Executive’s
judgment; and (D) any material breach of this Agreement by the Company. 

          c.)
Effect of Termination. Upon termination of this Agreement neither party
shall have any further obligation to the other party, except as provided in
Section 8 (b)(ii), the Company shall pay in a lump sum on the date of
termination severance compensation to the Executive in an amount equal to the
sum of the Executive’s salary and bonus paid in the prior fiscal year. 

                    (ii)
In the event this Agreement expires and the Executive is not rehired in the
same position under the terms and conditions of a new executive employment
agreement acceptable to Executive and Company, the Company shall pay in a lump
sum on the date of termination severance compensation to Executive in an amount
equal to the sum of the Executives salary and bonus paid in the prior fiscal
year. 

                    (iii)
In the event the Executive dies or becomes disabled (as hereafter defined)
during the term hereof, the Company shall pay severance compensation to
Executive, or his estate, as the case may be, severance compensation in the
amount of Executive’s salary and bonus paid in the year prior to the year in
which the Executive dies or becomes disabled. Such severance compensation shall
be paid in a lump sum as soon as a practicable following the date of death or disability.

                    (iv)
In addition to the severance payment provided in subparagraphs (i), (ii), or
(iii) above, Executive’s participation in the Company sponsored employee health
benefit plan shall be continued at the Company’s expense for a maximum period
of eighteen months so long as Executive is alive and not elsewhere earlier
employed on a full-time basis. 

          e)
Definitions. For the purposes of this Agreement. 

                    (i)
Cause shall mean acts of moral turpitude, and the willful repeated or habitual
neglect of Executive’s obligations under this Agreement, the misuse of
corporate funds, the gross failure to manage the business of the Company in
accordance with normal business practices, or the material breach of this Agreement.

                    (ii)
Disabled shall mean the physical or mental inability of the Executive to
perform his duties hereunder for a period of three consecutive months as
determined by an independent physician chosen by the Company and approved by
Executive. 

                    (iii)
Fair Market Value of the Company’s stock on the applicable date shall mean the
mean of the highest and lowest quoted selling prices of such stock on the
composite tape of the NASD Bulletin Board (or such other market exchange on
which the Company common stock is then traded.) on the applicable date, or if
the Company’s common stock was not traded on such exchange on such date, on the
next preceding date on which the common stock was traded. 

          (f)
Replacement. Notwithstanding the above, the Board of Directors, with the
consent of the Executive, may hire a replacement to serve as Vice President of
the Company. Executive shall assist in the orderly transition of duties. During
such transition period, Executive shall be entitled to all benefits and
compensation provided for herein. At the conlusion of the transition period,
Executive’s employment with the Company shall cease. Executive shall be
entitled to receive the health plan benefits set forth in Section 8 (d)(iv)
thereafter. 

          6.
Change of Control: Executive’s Stock Options.

In the event
of the execution of an agreement of reorganization, merger, or consolidation of
the Company with one or more corporations as a result of which the Company is
not to be surviving corporation or the execution of an agreement of sale or
transfer of all or substantially all of the assets of the Company, then all of
Executive’s options to purchase common stock of the Company outstanding at the
time of the event and which were granted six months or more prior to the event
shall immediately become exercisable in full and upon written election of the
Executive given to the Company within 180 days of the event, and Company shall
repurchase for cash all or any part of the options as specified in the written
election, at a price per share equal to the difference between the Fair Market
Value and the Company’s own stock on the execution date and the option exercise
price per share. 

          7.
Miscellaneous. 

          a)
Severability. The invalidity or unenforceability of any provision of
this Agreement shall not affect the enforceability or validity of any other
provision. 

          b)
Successors and Assigns. This Agreement shall be binding upon and inure
to benefit of the parties hereto, the heirs and legal representatives of
Executive, and the successors and assigns of the Company, except that Executive
may not assign this Agreement or any Executive’s duties or services hereunder. 

          c)
No Waivers. The failure of either party to insist upon the strict
performance of any of the terms, conditions, and provisions of this Agreement
shall not be constructed as a waiver or relinquishment of future compliance
therewith, and said terms, conditions, and provisions shall remain in full
force and effect. No waiver of any term or condition of this Agreement on the
part of either party shall be effective for any purpose whatsoever unless such
waiver is in writing and signed by such party. 

          d)
Modifications. This Agreement may not be changes, amended, or modified
except by a writing signed by both parties. 

          e)
Notices. Any notice, request, demand, waiver, consent, approval or other
communication which is required to be given under this Agreement shall be in
writing and shall be deemed given only if delivered to the party personally or
sent to the party by registered or certified mail, return receipt requested,
postage paid, to the parties at the address set forth herein or to such other
address as either party may designate from time to time by notice to the other
party sent in like manner.

          f)
Governing Law. This Agreement constitutes the entire agreement between
the parties and shall be governed be and construed in accordance with the laws
of the State of Ohio applicable to agreements made and the be performed solely
in such state. 

          g)
Headings. The section headings contained in the Agreement or for
reference purpose only and shall not be deemed to be a part of the Agreement or
to affect the construction or interpretation of this Agreement. 

          IN WITHNESS WHEREOF, the parties hereto
have cause the Agreement to be executed as of the day and year first above
written. 

	
  

 	
  

 	
  

 	
  

 
	
 11 GOOD ENERGY, INC.

 	
  

 	
 EXECUTIVE 

 
	
  

 	
  

 	
  

 	
  

 
	
 By: /S/

 	
 Daniel T. Lapp

 	
  

 	
 By: /S/ Gary R. Smith

 
	

 

 	

 

 	
  

 	

 

 
	
 Name:

 	
    Daniel T. Lapp

 	
  

 	
  

 
	

 

 	

 

 	
  

 	
  

 
	
 Title:

 	
    CFOExhibit 10.6

EXCLUSIVE FINDER’S AGREEMENT 

This Exclusive Finder’s Agreement (this “Agreement”)
is made as of June 18, 2009, between Eleven Good Energy, Inc., a Delaware
Corporation (the “Company”), and Jesup & Lamont Securities Corp., a New
York Corporation (the “Exclusive Finder”). The Exclusive Finder and the Company
agree:

	
  

 	
  

 	
  

 
	
 1.

 	
 Engagement
 of Exclusive Finder: The Company hereby engages the
 Exclusive Finder, and the Exclusive Finder hereby accepts such engagement, to
 act as the Company’s Exclusive Finder with respect to sales by the Company in
 a private placement transaction (the “Offering”) of up to $15 million
 aggregate principal amount of Equity, Equity-Related or Debt Securities (the
 “Securities”) of the Company to the investors during the term of this
 Agreement as set forth in Section 5. 

 
	
  

 	
  

 	
  

 
	
 2.

 	
 Offering
 Procedures: The Exclusive Finder will introduce the
 Company to investors who the Exclusive Finder reasonably believes to be
 “accredited investors,” as that term is defined in Rule 501 of Regulation D
 promulgated under the Securities Act of 1933, as amended (the “1933 Act”),
 with whom the Exclusive Finder has a pre-existing substantive relationship
 (the “Offerees”).

 
	
  

 	
  

 	
  

 
	
 3.

 	
 Exclusive
 Finder’s Compensation: In consideration for the
 services rendered by the Exclusive Finder hereunder, the Company shall pay to
 the Exclusive Finder, or cause the Exclusive Finder to be paid, compensation
 as provided in this section within 3 days of the Company’s receipt of funds
 from the Offerees.

 
	
  

 	
  

 	
  

 
	
  

 	
  (a)

 	
 Retainer
 Compensation: The Company shall pay to the Exclusive Finder
 $40,000 US Dollars once this agreement has been signed. In addition, the
 Company shall issue 100,000 warrants shall have a strike price based on the
 market price of the next offering.

 
	
  

 	
  

 	
  

 
	
  

 	
  (b)

 	
 Cash
 Compensation: The Company shall pay to the Exclusive Finder
 cash compensation equal to ten percent (10%) of the gross Offering funds
 received in the Offering. 

 
	
  

 	
  

 	
  

 
	
  

 	
  (c)

 	
 Other
 Compensation: Jesup will work with other broker-dealers and
 compensate them from the ten percent (10%) of the cash compensation.

 
	
  

 	
  

 	
  

 
	
  

 	
  (d)

 	
 Warrants:
 The Exclusive Finder shall receive 100,000 warrants per million dollars
 raised or 10% of shares issued whichever is greater. The 

 

Page 1

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 warrant’s strike shall equal the strike, expiration
 and registration rights of any warrants sold to Offerees in the Offering, and
 if the Offering does not provide for the issuance of warrants, then the
 warrants issued to the Exclusive Finder shall have a strike price equal to
 the Offering price of any Equity or Equity-Related Securities sold, have a
 five-year term and cashless exercise after one year if the underlying shares
 are not then registered. The warrant shares shall have “piggyback”
 registration rights in any Private Offering, and will be backed by registered
 shares for any Registration Offering. Jesup & Lamont Sec. Corp. will also
 be entitled to compensation set forth in Section 3(a) resulting from any cash
 generated by the Company from the exercise of any warrants issued to
 investors introduced to the Company by the Exclusive Finder who participated
 in the Offering.

 
	
  

 	
  

 	
  

 
	
  

 	
  (e)

 	
 If, at any time prior to one year following the end
 of the Offering (the “Term”) the Company directly or indirectly sells, in a
 private transaction, any type of security to an investor with whom
 negotiations were initiated by the Exclusive Finder during the Term, the
 Company shall pay the Exclusive Finder the compensation to which it would be
 entitled under paragraph 3 if the transaction had occurred during the Term.

 
	
  

 	
  

 	
  

 
	
 4.

 	
 For purposes of determining the Exclusive Finder’s
 compensation under this Section 3, the gross offering funds received in the
 Offering(s) shall include any amounts paid to the Company by investors in
 respect to an exercise or conversion of any of the Securities or Warrants,
 including the value allocated to any securities not issued pursuant to a
 “cashless exercise” or similar provision, whenever actually received by the
 Company.

 

          Certain Matters Relating to Exclusive Finder’s Duties:

	
  

 	
  

 	
  

 
	
  

 	
  (a)

 	
 The Exclusive Finder’s responsibilities shall be
 limited to introducing potential investors to the Company, and the Exclusive
 Finder shall not have authority to offer or sell the Securities to any
 potential investor. Exclusive Finder shall not use any general solicitation
 or general advertising within the meaning of the applicable securities laws
 in connection with any offering. The Exclusive Finder shall have no
 responsibility to participate or assist in any negotiations between any
 potential investor and the Company. The Exclusive Finder will have no
 responsibility to act, and the parties contemplate that the Exclusive Finder
 will not act, as a broker or dealer with respect to the offer or sale of the
 Securities. Further, the Exclusive Finder shall have no responsibility for
 fulfilling any SEC reporting or filing requirements as relates to the 

 

Page 2

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Company provided however, Exclusive Finder agrees to
 provide Company with reasonable assistance related to any registration,
 qualification or other requirements of applicable securities laws and other
 regulatory matters, upon request of the Company.

 
	
  

 	
  

 	
  

 
	
  

 	
  (b)

 	
 The Exclusive Finder agrees to introduce the Company
 to Offerees only in states in which the Exclusive Finder has been advised by
 the Company that offers and sales of Securities can be legally made by the
 Company.

 
	
  

 	
  

 	
  

 
	
  

 	
  (c)

 	
 The Exclusive Finder shall perform its duties under
 this Agreement in a manner consistent with the instructions of the Company.
 Such performance shall include, but not be limited to, the delivery to each
 Offeree a current copy of the Private Placement Memorandum, Subscription
 Agreement and any Offering Questionnaire and/or similar documents provided to
 the Exclusive Finder by the Company, as such documents may be amended from
 time to time by the Company and delivered to the Exclusive Finder. The
 Exclusive Finder shall consecutively number each copy of the Private
 Placement Memorandum (which will include the first letter of the Exclusive
 Finder’s name or other identifying mark sufficient to designate an Offeree
 introduced by the Exclusive Finder); keep a log of when and to whom each copy
 of the Private Placement Memorandum is given, with the Private Placement
 Memorandum numbers; maintain a copy of any written information the Exclusive
 Finder obtains regarding the suitability of each Offeree; and only use the
 Private Placement Memorandum in introducing Offerees to the Company. The
 Exclusive Finder shall provide this log and all such written information to
 the Company at any time and promptly upon request of the Company at the
 termination of this Agreement. The Company shall, promptly following
 execution of this Agreement, provide the Exclusive Finder with a written list
 of prospective Offerees that the Company does not want the Exclusive Finder
 to contact. The Exclusive Finder agrees to not contact the persons on such
 list, and the Exclusive Finder shall not be entitled to the compensation set
 forth in Section 3 with respect to any investment made by such person in the
 Company’s Securities.

 
	
  

 	
  

 	
  

 
	
  

 	
  (d)

 	
 The Exclusive Finder is and will hereafter act as an
 independent contractor and not as an employee of the Company and nothing in
 this Agreement shall be interpreted or construed to create any employment,
 partnership, joint venture, or other relationship between the Exclusive
 Finder and the Company. The Exclusive Finder will not hold itself out as
 having, and will not state to any person that the Exclusive Finder has, any
 relationship with 

 

Page 3

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 the Company other than as an independent contractor.
 The Exclusive Finder shall have no right or power to find or create any
 liability or obligation for or in the name of the Company or to sign any
 documents on behalf of the Company.

 
	
  

 	
  

 
	
 5.

 	
 Right
 of First Refusal. In consideration for the Finder acting
 as the finder in connection with the proposed offering, the Company hereby
 grants the Finder a right of first refusal to serve as the Company’s
 financial advisor and investment banker in connection with any financial
 transaction for a period of 1 year from the closing of the transaction. In
 the event the company advises the Finder that it desires to effect any
 financial transaction, the Company and the Finder will negotiate in good
 faith the terms of the Finder’s engagement in a separate agreement which would
 set forth, among other matters, compensation for the Finder based upon
 customary fees for the services provided. 

 
	
  

 	
  

 
	
 6.

 	
 Termination
 of Agreement. Either party may terminate this Agreement
 by notifying the other party in writing upon a material breach by that other
 party, unless such breach is curable and is in fact cured within 15 days
 after such notice. This Agreement will otherwise terminate upon completion or
 termination of the Offering. Notwithstanding the foregoing, the Company or
 Finder may terminate this Agreement following ninety (90) days after the date
 hereof upon written notice. Notwithstanding the foregoing, all provisions of
 this Agreement other than section 1, 2 and 3 shall survive the termination of
 this Agreement with respect to Offerees who the Exclusive Finder introduces
 to the Company prior to any termination with respect to the Offering. The
 Exclusive Finder shall be entitled to compensation under section 3 based on
 investments made by such Offerees prior to the termination of this Agreement
 or at any time within one year thereafter.

 
	
  

 	
  

 
	
 7.

 	
 Indemnification.
 The Company and the Exclusive Finder each shall indemnify and defend the
 other and the other’s affiliates, directors, officers, employees, agents,
 consultants, attorneys, accountants and other representatives (each an “Indemnified
 Person”) and shall hold each Indemnified Person harmless, to the fullest
 extent permitted by law, from and against any and all claims, liabilities,
 losses, damages and expenses (including reasonable attorney’s fees and
 costs), as they are incurred, in connection with the Offering, resulting from
 the indemnifying party’s negligence, bad faith or willful misconduct in
 connection with the Offering, any material violation by the indemnifying
 party (not caused by an Indemnified Person) of Federal or state securities
 laws in connection with the Offering, or any breach by the indemnifying party
 of this Agreement. In case any litigation or proceeding shall be brought
 against any Indemnified Person under this section, the indemnifying party
 shall be entitled to assume the defense of such 

 

Page 4

	
  

 	
  

 
	
  

 	
 litigation or proceeding with counsel of the
 indemnifying party’s choice at its expense (in which case the indemnifying
 party shall not be responsible for the fees and expenses of any separate
 counsel retained by such Indemnified Person, except in the limited
 circumstances described below in this section); provided, however, that such
 counsel shall be reasonably satisfactory to the Indemnified Person.
 Notwithstanding the indemnifying party’s election to assume the defense of
 such litigation or proceeding (a) such Indemnified Person shall have the
 right to employ separate counsel and to participate in the defense of such
 litigation or proceeding, and (b) the indemnifying party shall bear the
 reasonable fees, costs and expenses of separate counsel if (but only if) the
 use of counsel selected by the indemnifying party to represent such
 Indemnified Person would present such counsel with a conflict of interest
 under applicable laws or rules of professional conduct.

 
	
  

 	
  

 
	
 8.

 	
 Confidentiality
 of Offeree Information. The Company acknowledges that
 the identity of the Offerees, and all confidential information about Offerees
 received by the Company from an Offeree or the Exclusive Finder, is
 confidential information of the Exclusive Finder and may not be shared with
 any other person without the consent of the Exclusive Finder except to the
 extent that disclosure is required to meet with a governmental or regulatory
 request for information.

 
	
  

 	
  

 
	
 9.

 	
 Notices.
 Any notice, consent, authorization or other communication to be given
 hereunder shall be in writing and shall be deemed duly given and received
 when delivered personally, when transmitted by fax, three days after being
 mailed by first class mail, or one day after being sent by a nationally
 recognized overnight delivery service, charges and postage prepaid, properly
 addressed to the party to receive such notice, at the following address or
 fax number for such party (or at such other address or fax number as shall
 hereafter be specified by such party by like notice):

 

	
  

 	
  

 	
  

 
	
  

 	
  (a)

 	
 If to the Company, to:

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Frederick C. Berndt

 
	
  

 	
  

 	
 CEO, Chairman

 
	
  

 	
  

 	
 Eleven Good Energy Inc.

 
	
  

 	
  

 	
 7090 Whipple Avenue

 
	
  

 	
  

 	
 North Canton, OH 44270

 
	
  

 	
  

 	
 Phone:
             (330) 492-3835

 
	
  

 	
  

 	
 Email:             fberndt@elevengoodenergy.com 

 
	
  

 	
  

 	
  

 
	
  

 	
  (b)

 	
 If to the Exclusive Finder, to:

 

Page 5

	
  

 	
  

 
	
  

 	
 Bill Corbett

 
	
  

 	
 Sr. Managing Director

 
	
  

 	
 Co-Head Investment Banking

 
	
  

 	
 150 California Street, 21st Floor

 
	
  

 	
 San Francisco, CA 94111

 
	
  

 	
 Phone:             (415)
 956-4253

 
	
  

 	
 Fax:                 (415)
 956-4192

 
	
  

 	
 E-Mail:            bcorbett@jesuplamont.com

 

	
  

 	
  

 
	
 10.

 	
 Company
 to Control Transactions. The prices, terms and
 conditions under which the Company shall offer or sell any Securities shall
 be determined by the Company in its sole discretion. The Company shall have
 the authority to control all discussions and negotiations regarding any
 proposed or actual offering or sale of Securities. Nothing in this Agreement
 shall obligate the Company to actually offer or sell any Securities or
 consummate any transaction. The Company may terminate any negotiations or
 discussions at any time and reserves the right not to proceed with any
 offering or sale of Securities. Compensation pursuant to this Agreement shall
 only be paid to the Exclusive Finder in the event of an actual Closing of the
 Offering to an Offeree introduced by Exclusive Finder. Notwithstanding the
 foregoing, an otherwise acceptable offer introduced by the Finder shall not
 be rejected in favor of another investor solely on the basis of obverting a
 fee otherwise earned by the Finder.

 
	
  

 	
  

 
	
 11.

 	
 Confidentiality
 of Company Information. The Exclusive Finder, and its
 officers, directors, employees and agents shall maintain in strict confidence
 and not copy, disclose or transfer to any other party (1) all confidential
 business and financial information regarding the Company and its affiliates,
 including without limitation, projections, business plans, marketing plans,
 product development plans, pricing, costs, customer, vendor and supplier
 lists and identification, channels of distribution, and terms of
 identification of proposed or actual contracts and (2) all confidential
 technology of the Company. In furtherance of the foregoing, the Exclusive
 Finder agrees that it shall not transfer, transmit, distribute, download or
 communicate, in any electronic, digitized or other form or media, any of the
 confidential technology of the Company. The foregoing is not intended to
 preclude the Exclusive Finder from utilizing, subject to the terms and
 conditions of this Agreement, the Private Placement Memorandum and/or other
 documents prepared or approved by the Company for use in the Offering.

 
	
  

 	
  

 
	
  

 	
 All communications regarding any possible
 transactions, requests for due diligence or other information, requests for
 facility tours, product demonstrations or management meetings, will be
 submitted or directed to the Company, and the 

 

Page 6

	
  

 	
  

 
	
  

 	
 Exclusive Finder shall not contact any employees,
 customers, suppliers or contractors of the Company or its affiliates without
 express permission. Nothing in this Agreement shall constitute a grant of
 authority to the Exclusive Finder or any representatives thereof to remove,
 examine or copy any particular document or types of information regarding the
 Company, and the Company shall retain control over the particular documents
 or items to be provided, examined or copied. If the Offering is not
 consummated, or if at any time the Company so requests, the Exclusive Finder
 and its representatives will return to the Company all copies of information
 regarding the Company in their possession.

 
	
  

 	
  

 
	
  

 	
 The provisions of this Section shall survive any
 termination of this Agreement.

 
	
  

 	
  

 
	
 12.

 	
 Press
 Releases, Etc. The Company shall control all press
 releases or announcements to the public, the media or the industry regarding
 any offering, placement, transaction or business relationship involving the
 Company or its affiliates. Except for communication to Offerees in
 furtherance of this Agreement and the provision of the Private Placement
 Memorandum, the Exclusive Finder will not disclose the fact that discussions
 or negotiations are taking place concerning a possible transaction involving
 the Company, or the status or terms and conditions thereof. Nothing
 herein shall preclude the Exclusive Finder from disclosing to prospective
 Offerees the existence and terms of it Consulting Agreement with the Company.Notwithstanding
 the foregoing, the Company agrees to issue a press release prior to the
 opening of the market on the business day following the Company’s receipt of
 executed agreements binding Offerees to purchase Securities in at least the
 amount of the minimum Offering (if there is any such minimum) setting forth
 the material terms of the Offering. Notwithstanding the foregoing, the Finder
 shall have the right to refer to any successful Offering in its Pitchbook or
 other advertising.

 
	
  

 	
  

 
	
 13.

 	
 Due
 Diligence: Neither the Company, nor any of its
 directors, officers or shareholders, should, in any way rely on the Exclusive
 Finder to perform any due diligence with respect to the Company. It is
 expressly understood and agreed that to the extent due diligence is
 conducted; it will be conducted by the investors.

 
	
  

 	
  

 
	
 14.

 	
 Expenses,
 Etc. The compensation described in Section 3 of this
 Agreement shall be the Exclusive Finder’s sole compensation for all of its
 services and efforts to the Company and its affiliates, in connection with
 any offering or placement of Securities. Notwithstanding the foregoing,
 however, while the Exclusive Finder shall pay all of its own costs and
 expenses exceeding ten thousand ($10,000) in carrying out its activities
 hereunder; the Company will reimburse the Exclusive Finder for the first
 $10,000 of aforementioned expenses after they have been incurred by the
 Exclusive Finder, and an itemized accounting has been provided 

 

Page 7

	
  

 	
  

 
	
  

 	
 to the Company. The Company further agrees to
 reimburse for legal expenses not to exceed $25,000. The Exclusive Finder
 shall be exclusively responsible for any compensation, fees, commissions or
 payments of its employees, agents representatives, co-Exclusive Finders or
 other persons or entities utilized by it in connection with its activities on
 behalf of the Company, and the Exclusive Finder will indemnify and hold harmless
 the Company and its affiliates from the claims of any such persons or
 entities.

 
	
  

 	
  

 
	
 15.

 	
 Compliance
 with Laws. The Exclusive Finder represents and warrants
 that it is a duly registered broker/dealer and in good standing with the SEC,
 NASD and the State of New York and has and shall maintain such registrations
 as well as all other necessary licenses and permits to conduct its activities
 under this Agreement, which it shall conduct in compliance with applicable
 federal and state laws relating to a private placement under Regulation D of
 the 1933 Act. The Exclusive Finder represents that it is not a party to any
 other agreement, which would conflict with or interfere with the terms and
 conditions of this Agreement.

 
	
  

 	
  

 
	
 16.

 	
 Continuity
 In the event of disruption of employment of Bill Corbett with Jesup &
 Lamont Sec. Corp., all benefits of this agreement will adhere to Bill
 Corbett.

 
	
  

 	
  

 
	
 17.

 	
 Assignment
 Prohibited. No assignment of this Agreement shall be
 made without the prior written consent of the other party.

 
	
  

 	
  

 
	
 18.

 	
 Amendments.
 Neither party may amend this Agreement or rescind any of its existing
 provisions without the prior written consent of the other party.

 
	
  

 	
  

 
	
 19.

 	
 Governing
 Law. This Agreement shall be deemed to have been made
 in the State of New York and shall be construed, and the rights and
 liabilities determined, in accordance with the law of the State of New York,
 without regard to the conflicts of laws rules of such jurisdiction.

 
	
  

 	
  

 
	
 20.

 	
 Waiver.
 Neither Exclusive Finder’s nor the Company’s failure to insist at any time
 upon strict compliance with this Agreement or any of its terms nor any
 continued course of such conduct on their part shall constitute or be
 considered a waiver by Exclusive Finder or the Company of any of their
 respective rights or privileges under this Agreement.

 
	
  

 	
  

 
	
 21.

 	
 Severability.
 If any provision herein is or should become inconsistent with any present or
 future law, rule or regulation of any sovereign government or regulatory body
 having jurisdiction over the subject matter of this Agreement, such provision
 shall be deemed to be rescinded or modified in accordance with such law, rule
 or regulation. In all other respects, this Agreement shall continue 

 

Page 8

	
  

 	
  

 
	
  

 	
 to remain in full force and effect.

 
	
  

 	
  

 
	
 22.

 	
 Counterparts.
 This Agreement may be executed in one or more counterparts, each of which
 shall be deemed an original, and will become effective and binding upon the
 parties at such time as all of the signatories hereto have signed a
 counterpart of this Agreement. All counterparts so executed shall constitute
 one Agreement binding on all of the parties hereto, notwithstanding that all
 of the parties are not signatory to the same counterpart. Each of the parties
 hereto shall sign a sufficient number of counterparts so that each party will
 receive a fully executed original of this Agreement. 

 
	
  

 	
  

 
	
 23.

 	
 Entire
 Agreement. This Agreement and all other agreements and
 documents referred herein constitutes the entire agreement between the
 Company and the Exclusive Finder. No other agreements, covenants,
 representations or warranties, express or implied, oral or written, have been
 made by any party hereto to any other party concerning the subject matter
 hereof. All prior and contemporaneous conversations, negotiations, possible
 and alleged agreements, representations, covenants and warranties concerning
 the subject matter hereof are merged herein. This is an integrated Agreement.

 
	
  

 	
  

 
	
 24.

 	
 Arbitration.
 The parties agree that this Agreement and all controversies which may arise
 between the Exclusive Finder and the Company, whether occurring prior, on or
 subsequent to the date of this Agreement, will be determined by arbitration.
 The parties understand that:

 

	
  

 	
  

 	
  

 
	
  

 	
  (a)

 	
 Arbitration is final and binding on the parties.

 
	
  

 	
  

 	
  

 
	
  

 	
  (b)

 	
 The parties are waiving their right to seek remedies
 in court, including the right to a jury trial.

 
	
  

 	
  

 	
  

 
	
  

 	
  (c)

 	
 Pre-arbitration discovery is generally more limited
 than and different from court proceedings.

 
	
  

 	
  

 	
  

 
	
  

 	
  (d)

 	
 The arbitrators’ award is not required to include
 factual findings or legal reasoning and any party’s right to appeal or to
 seek modification or rulings by the arbitrators is strictly limited.

 
	
  

 	
  

 	
  

 
	
  

 	
  (e)

 	
 The panel of arbitrators will typically include a
 minority of arbitrators who were or are affiliated with the securities
 industry.

 

Page 9

          The
parties agree that any arbitration under this Agreement will be held at the
facilities of and before an Arbitration Panel appointed by the National
Association of Securities Dealers, Inc. (“NASD”), or if the NASD refuses to
accept jurisdiction, then before JAMS/ENDISPUTE in New York, New York. The
award of the arbitrators, or of the majority of them, will be final, and
judgments upon the award may be entered in any court, state or federal, having
jurisdiction. The parties hereby submit themselves and their personal
representatives to the jurisdiction of any state or federal court for the
purpose of such arbitration and entering such judgment.

          Any
forbearance to enforce an agreement to arbitrate will not constitute a waiver
of any rights under this Agreement except to the extent stated herein.

          THIS
AGREEMENT IS GOVERNED BY A PRE-DISPUTE ARBITRATION CLAUSE CONTAINED IN
PARAGRAPH 23 OF THIS AGREEMENT

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Jesup & Lamont Securities Corp. (the “Exclusive
 Finder”)

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
  

 	
  

 
	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Bill Corbett

 	
  

 
	
  

 	
 Title: Sr. Managing Director

 	
  

 
	
  

 	
           Co-Head
 Investment Banking

 	
  

 
	
  

 	
  

 	
  

 
	
  

 	
 Eleven Good Energy Inc. (the “Company”)

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
  

 	
  

 
	
  

 	
  

 	

 

 	
  

 
	
  

 	
 Frederick C. Berndt

 	
  

 
	
  

 	
 CEO, Chairman

 	
  

 

Page 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00172-of-00352.parquet"}]]