Document:

Mercer
      Capital, Ltd.

    40
      Wall
      Street

    New
      York,
      NY 10005

    Tel:
      (212) 269-8484

    Fax:
      (212) 269-8545

    

    

    
      	 	January 23,
              2007

    

     

    

    Nucon-RF,
      Inc. 

    c/o
      Todd
      Sinclair

    1574
      Gulf
      Rd., #242

    Point
      Roberts, WA 98281

    

    Dear
      Mr.
      Sinclair:

    

    This
      letter shall replace any agreements between Nucon-RF, Inc., a Nevada corporation
      (the “Company”) and Mercer Capital, Ltd. (“Mercer”). Anything to the contrary
      herein notwithstanding, any obligations of the Company to Mercer relating to
      the
      payments of fees and/or disbursements or the issuance of shares and/or warrants
      arising out of previous agreements with the Company shall remain in full force
      and effect.

     

    1.
       Nature
      of Services. Mercer
      will continue to assist the Company with its investment banking requirements
      on
      a exclusive basis for the term set forth in Section 9 hereof and provide
      investment banking services on a “best efforts’ basis that will include, without
      limitation, assistance in mergers, acquisitions and internal capital
      structuring, as well as the placement of new debt and/or equity issues, all
      with
      the objective of accomplishing the Company’s business and financial goals. In
      each instance, Mercer will render such services as to which the Company and
      Mercer mutually agree, and Mercer will use its best efforts to accomplish the
      goals agreed to by Mercer and the Company. Anything to the contrary herein
      notwithstanding, Mercer shall be free to render the same or similar services
      to
      any other entity selected by it.

    

    2.
      Responsibilities
      of the Company. The
      Company shall provide Mercer with all financial and business information about
      the Company as requested by Mercer in a timely manner. In addition, executive
      officers and directors of the Company shall make themselves available for
      personal consultations with Mercer and/or third party designees, subject to
      reasonable prior notice, pursuant to the request of Mercer.

    

    3.
      Investment
      Banking Fee. In
      consideration for the services set forth above, the Company shall pay Mercer,
      upon execution of this Agreement, and unrelated to any offering undertaken
      by
      Mercer, including the offerings hereinafter proposed, an investment banking
      fee
      of Twenty Five Thousand ($25,000) Dollars and issue to Mercer, warrants to
      purchase five hundred thousand (500,000) shares of the Company’s common stock
      exercisable for a period of five (5) years at $0.10 per share on a cashless
      basis. The aforesaid shares shall have “piggyback registration
      rights.”

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    4.
       Placement
      of Securities and Compensation. 
      Upon the
      execution of this Agreement, Mercer will, in conjunction with the Company’s
      management, commence an offering of One Million Five Hundred Thousand
      ($1,500,000) Dollars of the Company’s 8% Convertible Notes (the “Notes”) which
      shall be convertible into shares of the Company’s common stock as follows: (A)
      at seventy-five ($0.75) cents per share at any time prior to the shares of
      the
      Company’s Common Stock being quoted on the Over-the-Counter Bulletin Board
      (“OTCBB”); (B) for a period of ninety (90) days from the date the shares of the
      Company’s Common Stock are quoted on the OTCBB, at the lesser of a 25% discount
      to the Closing Price on the business day preceding the Date of Conversion or
      One
      ($1.00) Dollar with a floor of seventy-five ($0.75) cents; or (C) thereafter,
      at
      the greater of a 25% discount to the Closing Price on the business day preceding
      the Date of Conversion or Seventy-Five ($0.75) cents. The
      Note
      purchasers will also receive warrants to purchase one (1) share of common stock
      for each two ($2.00) dollars of Notes purchased (the “Warrants”) which shall be
      exercisable at one dollar fifty cents ($1.50) per share (the “Warrants”). The
      shares of common stock underlying the Notes and the Warrants shall have
      piggyback registration rights. Upon completion of the sale of all of the Notes,
      the Company reserves the right, with the consent of Mercer, to offer and sell
      up
      to an additional Five Hundred Thousand ($500,000) Dollars of Notes with Warrants
      upon the same terms as the sale of the Notes.

    

    In
      connection with the placement of the Notes and Warrants, Mercer shall be paid
      a
      sales commission of ten (10%) percent, a non-accountable expense allowance
      of
      three (3%) percent and placement agent warrants (the “Placement Warrants”) equal
      to ten (10%) percent of securities into which the Notes and Warrants are
      convertible or exercisable into. The Placement Warrants shall be exercisable
      for
      a period of five (5) years on a cashless basis at $0.75 per share and the shares
      underlying the Placement Warrants shall have “piggyback” registration rights.

    

    For
      future capital raising investment banking services that will be rendered by
      Mercer, the cash fees and warrants issuable for such services will not be less
      than the fees set forth in this Section 4. 

    

    5.
       Expenses.
      In
      connection with the placement of the Notes and Warrants, the Company shall
      be
      responsible for, and shall pay, all expenses directly and necessarily incurred
      in connection therewith, including, but not limited to (i) the costs of
      preparing, printing and filing, where necessary, the offering documents and
      all
      amendments and supplements thereto; (ii) the legal fees of Mercer’s counsel up
      to $15,000 which fees shall be paid from the escrowed funds at the first
      closing; and (iii) the blue sky fees and disbursement of Mercer’s counsel, which
      filing fees shall be advanced by the Company.

    

    In
      addition to the fees described in section “4” above, the Company agrees to
      promptly reimburse Mercer upon request from time to time, for all out-of-pocket
      expenses directly incurred in connection with Mercer acting for the Company
      pursuant to this Agreement.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    6. 
      Mergers,
      Acquisitions and Related Fees. In
      the
      event Mercer directly introduces a third party to the Company which results
      in
      the consummation of a merger or acquisition by and between such third party
      and
      the Company (a “Transaction”), Mercer shall be entitled to receive a merger and
      acquisition fee equal to the “Lehman Formula” based on $5 million increments,
      that is, 5% of the first $5 million, 4% of the second $5 million, etc., of
      the
      consideration paid in the Transaction, or the Lehman Formula for the equity
      value of the organization being acquired, at the option of Mercer. 

    

    For
      purposes of this agreement, and expressly subject to the initial sentence of
      this Section 6, “Transaction” shall mean (a) any merger, consolidation,
      reorganization, recapitalization, business combination or other transaction
      pursuant to which an entity is acquired (a “Acquired Party”) or combined with,
      the Company, (b) the acquisition, directly or indirectly, by the Company of
      (i)
      substantially all of the assets of the Acquired Party of (ii) fifty percent
      or
      more of the Acquired Party’s outstanding common stock, whether by way of tender
      or exchange offer, open market purchases, negotiated purchases or otherwise,
      or
      (c) the election or appointment of nominees or representatives of the Company
      to
      the Board of Directors of the Acquired Party so that the nominees or
      representatives represent, in the aggregate, at least a majority of such Board
      of Directors.

    

    For
      purpose of this Agreement, "Consideration" means the aggregate value, whether
      in
      cash, securities, assumption (or purchase subject to) of debt or liabilities
      (including, without limitation, indebtedness for borrowed money, pension
      liabilities or guarantees) or other property, obligations or services, paid
      or
      payable directly or indirectly (in escrow or otherwise) or otherwise assumed
      in
      connection with a Transaction, or the net present value of the estimated
      benefits to the Company of any joint venture, licensing or marketing agreement
      (“Consideration”). The value of Consideration shall be determined as
      follows:

    

    
      	 	
              (a)

            	
              the
                value of securities, liabilities, obligations, property and services
                shall
                be the fair market value as shall mutually be agreed upon at the
                date of
                the closing of the Transaction; 

            

    

    

    
      	 	
              (b)

            	
              the
                value of indebtedness, including indebtedness assumed, shall be the
                face
                amount; and/or

            

    

    

    
      	 	
              (c)

            	
              the
                net present value of the estimated benefits to the Company of any
                joint
                venture, licensing or marketing agreement, as mutually determined
                by the
                parties. If the parties cannot come to such mutual determination,
                the net
                present value described above shall be determined by
                arbitration.

            

    

    

    If
      the
      consideration payable in a Transaction includes contingent payments to be
      calculated by reference to uncertain future occurrences, such as future
      financial or business performance, then any fees of Mercer relating to such
      consideration shall be payable at the time of the receipt of such
      consideration.

      

    The
      Company acknowledges that Mercer and its affiliates are in the business of
      providing merger and acquisition services (of all types contemplated by this
      Agreement) to others. Nothing herein contained shall be construed to limit
      or
      restrict Mercer or its affiliates in conducting such business with respect
      to
      others or in rendering such advice to others. 

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    The
      Company also acknowledges that Mercer and its affiliates have or may have
      ownership interests in businesses, assets or technologies identified by them
      or
      others to the Company as potential Transactions. Nothing herein contained shall
      be construed to limit or restrict the ability of Mercer or its affiliates to
      be
      compensated for its ownership interest in such a Transaction on a basis separate
      and apart from the compensation described herein. 

    

    In
      connection with Mercer’s merger and acquisition services, the Company agrees
      that if during the period Mercer is retained by the Company or within two (2)
      years thereafter, a Transaction is consummated with a third party directly
      introduced by Mercer or the Company enters into a definitive agreement with
      a
      third party directly introduced by Mercer which at any time thereafter results
      in a Transaction (“Third Parties”), the Company will pay Mercer a transaction
      fee equal to the Lehman Formula set forth above. 

    

    It
      is
      understood that for purposes of this Agreement, Mercer shall be deemed to have
      introduced such Third Parties to the Company not only by physical introductions
      and meetings, but also by arranging or facilitating telephonic or correspondence
      meetings between the parties, whether or not Mercer participated in such
      meetings, telephone calls or correspondence.

    

    Additionally,
      if during the period Mercer is retained by the Company a Transaction is
      consummated with a third party not introduced to the Company by Mercer, Mercer
      will be paid a fee equal to 50% of its compensation due pursuant to the language
      above.

    

    7. 
      Additional
      Agreements of the Company.
      As
      additional consideration for Mercer agreeing to place securities of the Company,
      the Company agrees as follows:

    

    (a)
      to
      utilize the services of Mercer Asset Management, Inc. (or its successor), an
      affiliate of Mercer, for all of its benefits related issues, including, but
      not
      limited to insurance and pension related services.

    

    (b)
      to
      have the directors, officers and all stockholders holding at least 1% of the
      issued and outstanding common stock of the Company enter into lock-up agreements
      with Mercer whereby they will agree not to sell any of their shares for a period
      commencing on the date hereof and concluding on the six (6) month anniversary
      of
      the Company’s common stock initially trading on the Over-the-Counter Bulletin
      Board.

     

    (c)
      to
      have its directors and officers open brokerage accounts with Mercer at such
      time
      as they intend to offer for sale their individually owned shares of the
      Company.

    

    8.  Indemnification

    

    The
      Company shall indemnify Mercer and hold it harmless against any and all losses,
      claims, damages or liabilities to which Mercer may become subject arising in
      any
      manner out of or in connection with the rendering of services by Mercer
      hereunder, unless it is finally judicially determined that such losses, claims,
      damages or liabilities resulted from the gross negligence, bad faith and willful
      misconduct of Mercer.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    The
      Company shall reimburse Mercer promptly for any legal or other expenses
      reasonably incurred by it in connection with investigating, preparing to defend
      or defending, or providing evidence in or preparing to serve or serving as
      a
      witness with respect to, or otherwise relating to, any lawsuits, investigations,
      claims or other proceedings arising in any manner out of or in connection with
      the rendering of services by Mercer hereunder (including without limitation,
      in
      connection with the enforcement of this Agreement and the indemnification
      obligations set forth herein); provided, however, that in the event that a
      final
      judicial determination is made to the effect specified above, Mercer will remit
      to the Company any amounts reimbursed under such paragraph.

    

    The
      Company agrees that the indemnification and reimbursement commitments set forth
      in this paragraph shall apply if either the Company or Mercer is a formal party
      to any such lawsuits, claims or other proceedings and that such commitments
      shall extend upon the terms set forth in this paragraph to any controlling
      person, affiliate, director, officer, employee, or agent of Mercer (each, with
      Mercer, an “Indemnified Person”). The Company further agrees that, without
      Mercer’s prior written consent, which consent will not be unreasonably withheld,
      it will not enter into any settlement of a lawsuit, claim or any other
      proceeding arising out of the transactions contemplated by this Agreement unless
      such settlement includes an implicit and unconditional release from the party
      bringing such lawsuit, claim or other proceeding of all Indemnified
      Persons.

    

    The
      Company further agrees that the Indemnified Persons are entitled to retain
      separate counsel of their choice in connection with any matters in respect
      of
      which Indemnification, reimbursement or contribution may be sought under this
      Agreement. Fees for counsel will be payable only if management and counsel
      to
      the Company have been consulted and allowed to participate fully in the
      selection of reasonable and appropriate counsel to the Indemnified Person(s).
      Each Indemnified person shall give notice to the Company within thirty (30)
      days
      of the assertion against such Indemnified Person of any claim or the
      commencement of any action or proceeding relating to any of the foregoing,
      provided further that if the Indemnified person fails to notify the Company,
      then the Company shall be relieved of any liability that it may have to such
      Indemnified Person as to such claim hereunder.

    

    The
      Company and Mercer agree that if any indemnification or reimbursement sought
      pursuant to the preceding paragraph is judicially determined to be unavailable
      for a reason other than the gross negligence, bad faith or willful misconduct
      of
      Mercer, then whether or not Mercer is the Indemnified Person, the Company and
      Mercer shall contribute to the losses, claims, damages, liabilities and expenses
      for which such indemnification or reimbursement is held unavailable (i) in
      such
      proportion as is appropriate to reflect the relative benefits to the Company
      on
      the one hand, and Mercer on the other hand, in connection with the transactions
      to which such indemnification or reimbursement relates, or (ii) if the
      allocation provided by clause (i) above is judicially determined not to be
      permitted, in such proportion as is appropriate to reflect not only the relative
      benefits referred to in clause (i) but also the relative faults of the Company
      on the one hand, and Mercer on the other hand, as well as any other equitable
      considerations; provided, however, that in no event shall the amount to be
      contributed by Mercer pursuant to this paragraph exceed the amount of the fees
      actually received by Mercer hereunder.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    9. 
      Term
      and Termination.
      The term
      of this Agreement will be for a period of two (2) years from the date of this
      Agreement.

     

    This
      Agreement may be terminated by the Company for cause. For the purpose of this
      agreement, “cause” means the failure by Mercer to perform in a material respect
      its obligations hereunder in accordance with the skill and diligence normally
      provided by recognized investment banking companies; provided,
      however,
      that
      the Company shall first give Mercer reasonable prior written notice of the
      Company’s intent to terminate the engagement (such notice to specify in
      reasonable detail the facts alleged to give rise to the Company’s right to
      terminate for cause) and shall have provided Mercer a reasonable opportunity
      to
      cure by performing such obligations (the reasonableness of such opportunity
      to
      be measured not only by Mercer’ ability to perform during such period but also
      by the adverse effect on the Company resulting from providing such additional
      period to enable Mercer to perform). Neither termination of the Agreement nor
      completion of this assignment contemplated hereby shall affect the provisions
      of
      paragraphs 3, 4, 5, 6 or 7 which shall remain operative and in full force and
      effect.

    

    10.
       Third
      Party Agreements.
      Mercer
      has the right, in its sole discretion, to sub-contract any of its rights to
      provide services hereunder to qualified third parties in its sole discretion,
      so
      long as Mercer remains the prime contractor of such services to the Company.
      Mercer has the right to enter into any finder, inter dealer or syndication
      agreements with qualified parties with respect to placing and arranging the
      Financings.

    

    11.
       Advertisements.
      The
      Company agrees that Mercer has the right to place advertisements in financial
      and other newspapers and journals describing the Company’s Financings and
      Mercer’ related services to the Company hereunder (a “Tombstone”), provided that
      Mercer will submit a copy of any such advertisements to the Company for its
      prior approval, which approval shall not be unreasonably withheld. 

    

    12. 
      Complete
      Agreement.
      This
      Agreement contains the entire Agreement between the parties with respect to
      the
      contents hereof and supersedes all prior agreements and understandings between
      the parties with respect to such matters, whether written or oral. Neither
      this
      agreement, nor any term or provision hereof may be changed, waived, discharged
      or amended in any manner other than by any instrument in writing, signed by
      the
      party against which the enforcement of the change, waiver, discharge or
      amendment is sought.

    

    13. 
      Severability.
      The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provisions of this Agreement,
      which shall remain in full force and effect.

    

    14. 
      Amendments. This
      Agreement may not be amended or modified except in writing signed by each of
      the
      parties

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    15.
       Jurisdiction/Venue/Choice
      of Law.
      This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York. The Company and Mercer hereby irrevocably and
      unconditionally consent to submit to the exclusive jurisdiction of the courts
      of
      the State of New York and of the United States District Court for the Southern
      District of New York for any lawsuits, actions or other proceedings arising
      out
      of or relating to this Agreement and agree not to commence any such lawsuit,
      action or other proceeding except in such courts. The Company further agrees
      that service of any process, summons, notice or document by mail, return receipt
      requested, to the Company’s address set forth above shall be effective service
      of process for any lawsuit, action or other proceeding brought against the
      Company in any such court. The Company and Mercer hereby irrevocably and
      unconditionally waive any objection to the laying of venue of any lawsuit,
      action or other proceeding arising out of or relating to this Agreement in
      the
      courts of the State of New York or the United States District Court for the
      Southern District of New York, and hereby further irrevocably and
      unconditionally waive and agree not to plead or claim in any such court that
      any
      such lawsuit, action or other proceeding brought in any such court has been
      brought in an inconvenient forum. Any right to trial by jury with respect to
      any
      lawsuit, claim or other proceeding arising out of or relating to this Agreement
      or the services to be rendered by Mercer hereunder is expressly and irrevocably
      waived.

    

    16.
       Miscellaneous. 

    

    (a)
      The
      benefits of this agreement shall insure to the respective successors and assigns
      of the parties hereto and to the indemnified parties hereunder and their
      successors and assigns and representatives, and the obligations and liabilities
      assumed in this agreement by the parties hereto shall be binding upon their
      respective successors and assigns.

    

    (b)
      For
      the convenience of the parties hereto, any number of counterparts of this
      agreement may be executed by the parties hereto. Each such counterpart shall
      be,
      and shall be deemed to be, an original instrument, but all such counterparts
      taken together shall constitute one and the same agreement. 

    

    (c)
      Neither the execution and delivery of this letter Agreement by the Company
      nor
      the consum-mation of the transactions contemplated hereby will, directly or
      indirectly, with or without the giving of notice or lapse of time, or both:
      (i)
      violate any provisions of the Certi-ficate of Incorporation or By-laws of the
      Company; or (ii) violate, or be in conflict with, or constitute a default under,
      any agreement, lease, mortgage, debt or obligation of the Company or require
      the
      payment, any pre-payment or other penalty with respect thereto.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    If
      the
      foregoing correctly sets forth the understanding and agreement between Mercer
      and the Company, please so indicate in the space provided for that purpose
      below, whereupon this letter shall constitute a binding agreement as of the
      date
      hereof.

    

    
      	 	 	Very
              truly
              yours,
	 	 	 
	 	 	Mercer Capital Ltd.
	 
 	 
 	 

	 	 	By:  
              /s/ Anthony Salino
	 	
              
Anthony
              Salino, Managing Director and
	 	 
	 	Chief Operating
              Officer

     

    Confirmed
      and Agreed to as of

    January
      23, 2007

    

    Nucon-RF,
      Inc. 

    
      	 	 	 	 
	By: 
              /s/ J.P. Todd Sinclair	 	 	 
	
              
                

              

              J.P. Todd Sinclair

              Chief Financial Officer

            	 	 	
            

      
        
           

        

        
          8SEPARATION
      AGREEMENT AND RELEASE

     

    This
      Separation Agreement and Release (the “Agreement”), is made and entered as of
      the 12th day of March, 2007 (the “Effective Date”), by and between MMC Energy,
      Inc. (the “Company”), on the one hand, and Martin Quinn (the “Executive”), on
      the other hand.

    WHEREAS,
      the
      Executive was an employee of the Company holding the position of President
      and
      Chief Operating Officer, and was a member of the Board of Directors of the
      Company; and

     

    WHEREAS,
      the
      Company and the Executive severed their employment relationship with the
      Executive on the date first written above;

     

    NOW,
      THEREFORE,
      in
      consideration of the promises herein contained, and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      Company and the Executive, intending to be legally bound hereby, agree as
      follows:

     

    1. The
      Executive acknowledges that he is entitled to no damages, payments, benefits,
      compensation, remuneration, back pay, front pay, costs, expenses or fees of
      any
      kind as a result of his employment with the Company and/or the termination
      of
      that employment, except as provided in this Agreement.

     

    2. In
      consideration for the Executive’s promises contained herein, if, upon the
      expiration of the revocation and cancellation period (the “Revocation Period”)
      described in Paragraph 16 below, the Executive has not revoked this Agreement
      and has properly executed and delivered this Agreement as described in Paragraph
      8(a) below, then in consideration thereof, the Company shall pay following
      amounts to the Executive: 

     

    
      	 	
              a.

            	
              Within
                a
                reasonable time, not to exceed ten (10) days from the date of the
                Agreement, the Company shall pay the Executive $300,000 in
                full satisfaction of all of the below categories described in the
                Employment Agreement between the Executive and the Company, dated
                May
                2006:

            

    

     

    
      	 	
              i.

            	
              Executive’s
                base salary through the Scheduled Termination Date, which is May
                15,
                2009;

            

    

     

    
      	 	
              ii.

            	
              Vacation
                days that the Executive would have accrued through the Scheduled
                Termination Date; and

            

    

     

    
      	 	
              iii.

            	
              Severance
                payments to Executive.

            

    

     

    
      	 	
              b.

            	
              In
                addition, the Company shall pay for continued coverage under the
                health
                and life insurance plans in which the Executive was a participant
                immediately prior to his last date of employment with the Company
                (each,
                an “Existing Plan” and collectively, the “Existing Plans”), or, in the
                event that any such Existing Plan does not permit coverage of the
                Executive following his last date of employment with the Company,
                under
                health and life insurance plans that provide substantially similar
                coverage to the Existing Plans, through the earlier of the Scheduled
                Termination Date or until the Executive obtains other
                employment.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    
      	 	
              c.

            	
              In
                addition, the Company
                shall pay the unpaid 2006 Annual bonus to the Executive in the amount
                of
                $87,500, which amount shall include the previously stated bonus amount
                of
                $24,062.

            

    

     

    
      	 	
              d.

            	
              In
                addition, the Company shall pay any earned but unpaid base salary
                and
                unused vacation days accrued through the Executive’s last day of
                employment with the Company, which date shall be March 12, 2007,
                which
                amount is to be calculated according to the records of the Company
                and
                paid in full to the Executive.

            

    

     

    3. The
      Executive’s options to purchase the Company’s common stock shall expire on the
      date of the termination of the Executive’s employment, which date shall be March
      12, 2007. 

     

    4. At
      the
      time of the next underwritten public offering of common stock, the Executive
      shall offer 100% of his shares in such public offering with Executive as a
      “selling stockholder” under the related registration statement, which commitment
      shall be subject to a minimum floor sale price of $1.00 per share for each
      of
      the 4,097,088 shares owned by the Executive (such minimum floor sale price
      to be
      appropriately adjusted basis for any stock splits or reverse stock splits or
      combination and the like, which may occur). In such event, Executive would
      be
      required to execute such agreements and documents as are customary in connection
      with being a selling stockholder in an underwritten public offering. Executive’s
      participation shall be subject to a standard underwriters’ cutback permitting
      the exclusion of Executive’s shares if the lead underwriter advises Executive
      such cutback is necessary for marketing reasons (the “Underwriter’s Cutback”).
      Upon the execution of this Agreement, Executive shall also be obligated to
      sign
      the lock-up agreement in the form attached hereto as Exhibit B (the “Lock-Up
      Agreement”) in favor of the underwriters restricting sales of Executive’s shares
      not sold in the public offering for the full period of the required
      underwriters’ lock-up following the consummation of an underwritten offering.
      The Lock-Up Agreement would apply to all Executive’s shares excluded pursuant to
      the Underwriter’s Cutback and all Executive’s shares that are otherwise not sold
      in the public offering, except that, the Company agrees to use commercially
      reasonable efforts to limit the term of Executive’s lock-up period to ninety
      (90) days following consummation of such underwritten offering (subject to
      extension in regulatory circumstances as specifically described in the Lock-Up
      Agreement). In the event that shares held by other stockholders of the Company
      (together with the Executive, the “Selling Stockholder”) are included in the
      public offering and the lead underwriter advises the Executive and the Company
      that some or all of the shares to be sold by the Selling Stockholders should
      be
      excluded from the public offering for marketing reasons, then the Company agrees
      that it shall use commercially reasonable efforts to arrange for such cut-back
      to be made on a pro rata basis among the Selling Stockholders (based upon the
      number of shares that each such Selling Stockholder proposes to include in
      the
      public offering); provided,
      however,
      that the
      Executive recognizes and agrees that the Company is subject to Section 3(c)
      of
      that certain Registration Rights Agreement, dated May 15, 2006 (the
“Registration Rights Agreement”), that obligates the Company to give priority on
      cut-backs to any Selling Stockholder party to the Registration Rights Agreement.
      The Lock-Up Agreement shall expire if the public offering is not consummated
      on
      or before September 30, 2007. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    5. Subject
      to the Lock-Up Agreement, in the event the Company does consummate an
      underwritten public offering on or before September 30, 2007, and/or the
      Executive does not sell all of his shares in such offering because such offering
      does not meet the minimum floor price of $1.00 per share or for any other
      reason, then the Executive’s remaining shares shall then be freely tradable in
      the open market promptly following the later of the expiration of the
      underwriters’ lock-up period or the expiration of the Lock-Up Agreement, subject
      to the limitations set forth in Rule 144 of the Securities Act of 1933, as
      amended, and compliance with applicable securities laws. If the Lock-Up
      Agreement expires as contemplated by the final sentence of Section 4 above
      or
      otherwise and the Executive still holds shares of the Company’s common stock,
      then upon the subsequent written demand of the Executive,
      the
      Company shall as soon as is reasonably practicable file with the SEC a
      registration statement relating to the resale by the Executive of all of his
      remaining shares and the Company shall use its commercially reasonable efforts
      to cause such registration statement to be declared effective as soon as
      reasonably practicable thereafter; provided,
      however,
      that the
      Company shall not be obligated to effect any such registration or keep such
      registration effective: (i) in any particular jurisdiction in which the Company
      would be required to qualify to do business as a foreign corporation or as
      a
      dealer in securities under the securities or blue sky laws of such jurisdiction
      or to execute a general consent to service of process in effecting such
      registration, qualification or compliance, in each case where it has not already
      done so or (ii) during any Blackout Period (as defined in the Registration
      Rights Agreement); provided,
      however,
      that the
      foregoing commitment to file and maintain an effective registration statement
      shall not apply to any shares held by the Executive that may be resold
      immediately without registration under Rule 144 of the Securities Act of 1933
      if
      the Company’s counsel is willing to render a customary opinion to such effect,
      subject to the Executive making representations to such counsel as are
      customarily made in such context.

     

    6. In
      no
      event shall Executive be permitted to “block” any underwritten public offering.
      Executive shall be required to sell the entirety of his shares in any such
      public offering provided such public offering is consummated at a price to
      the
      public of at least $1.00 per share (to be appropriately adjusted basis for
      any
      stock splits or reverse stock splits or combination and the like, which may
      occur).

     

    7. The
      Company’s performance of its obligations under this Agreement shall not be
      construed or interpreted as an admission of any wrongdoing, fault, or liability
      by the Company.

     

    8. The
      parties’ obligations under this Agreement are expressly conditioned upon the
      following:

     

    
      	 	
              a.

            	
              The
                Executive’s
                delivery to the Company of one copy of this Agreement, properly executed
                by the Executive and containing his original signature, along with
                further
                execution and/or delivery by the Executive of any and all other documents
                necessary to effectuate the provisions of this
                Agreement;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              b.

            	
              The
                Executive’s representation that he has not instituted, and will not
                institute in the future, any actions, suits, claims, appeals, grievances,
                arbitration, complaints or charges with any court, tribunal or federal,
                state or city agency or other remedial body against the Company,
                its
                principals and/or affiliates
                relating to matters arising out of or involving the Executive’s employment
                with the Company, or the termination of that employment; except that
                nothing in this Agreement precludes the Executive from instituting
                a
                claim, charge, suit, action or appeal for the purpose of enforcing
                his
                contractual rights under this
                Agreement;

            

    

     

    
      	 	
              c.

            	
              The
                Executive’s agreement not to solicit or contact any person concerning the
                maintenance of any claims or actions whatsoever against the Company,
                its
                principals and/or affiliates; except that nothing
                in
                this Agreement precludes the Executive from responding to legal
                process;

            

    

     

    
      	 	
              d.

            	
              The
                Executive’s representation and warranty that he has not actually or
                purportedly, in whole or in part, assigned or transferred to any
                person or
                entity any claim which the Executive may have had or has against
                the
                Company and accordingly hereby agrees to indemnify, defend and hold
                harmless the Company for any claim based upon or arising out of such
                assignment or transfer;

            

    

     

    
      	 	
              e.

            	
              The
                Executive’s agreement
                that he shall perform all obligations under Section 13 of the Employment
                Agreement, “Non-Competition and Non-Solicitation,” except that such
                obligations shall only extend to the states of California, Arizona
                and
                Nevada and to certain named entities with whom the Company has material
                contracts, as set forth on the attached Exhibit A. The Executive’s
                obligations under Section 13 of the Employment Agreement shall continue
                for a period of one (1) year from the date of Executive’s resignation as
                President and Chief Operating Officer, and as a member of the Board
                of
                Directors of the Company; 

            

    

     

    
      	 	
              f.

            	
              The
                Executive’s agreement that Section 12 of the Employment Agreement,
                “Confidential Information,” shall survive the termination of Executive’s
                employment and the execution of the Agreement;

            

    

     

    
      	 	
              g.

            	
              The
                parties’ agreement that (1) the Executive’s employment with the Company is
                not being terminated for “Cause,” (2) the Executive is not being removed
                as a Director of the Company for “Cause” and (3) the Executive is
                resigning as a director and officer of the Company in order to pursue
                other interests and not as the result of any
                disagreement;

            

    

     

    
      	 	
              h.

            	
              The
                parties’ agreement that they will not say, write or cause to be said or
                written, directly or indirectly, any statement that may be considered
                defamatory, negative, critical, malicious, belittling, unfavorable,
                pejorative, deprecatory, derogatory or disparaging with respect to
                the
                Executive or the Company, its principals and/or affiliates to any
                third
                party;

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              i.

            	
              The
                Company’s agreement that in response to any inquiries from prospective
                employers of the Executive, the Company shall state only the dates
                of the
                Executive’s employment with the Company and that the Executive served as
                the Company’s President and Chief Operating Officer, and as a member of
                the Board of Directors of the Company;
                and

            

    

     

    
      	 	
              j.

            	
              The
                Company’s agreement that upon execution of the Agreement, the Company
                shall undertake good faith efforts to obtain an expedited release
                of the
                Executive’s personal guaranty relating to the Loan and Security Agreement
                with TD Banknorth; and 

            

    

     

    
      	 	
              k.

            	
              The
                Executive’s agreement to return all MMC files and materials, regardless of
                the format in which such files and materials exist, to MMC, including,
                but
                not limited to, MMC files currently stored on the Executive’s home
                computer which files the Executive agrees to provide to MMC in “disk
                format” and which files the Executive agrees to delete from his home
                computer, the Executive acknowledging that he is entitled to no payment
                from MMC hereunder until such files and materials are provided as
                described herein.

            

    

     

    9. In
      consideration for the above, and except with respect to the performance of
      obligations contained in this Agreement, the Executive, on behalf of himself
      and
      all heirs, personal representatives, and assigns, by execution of this
      Agreement, does hereby fully, completely and unconditionally forever release
      and
      discharge the Company and its successors, assigns, current and former employees,
      directors, officers, trustees, shareholders, members, agents, parents,
      affiliates, subsidiaries, representatives, insurers, attorneys, independent
      contractors and all other related or affiliated persons and entities of and
      from
      any and all liability, claims, causes, demands, obligations, actions, contracts,
      promises, agreements, damages, attorneys’ fees, costs, liabilities, rights and
      allegations of whatever kind and nature, known or unknown, including, but not
      limited to, such matters based on, arising out of, or related to the Executive’s
      employment with the Company or the termination of that employment. This release
      includes, but shall not be limited to, any and all claims for breach of
      contract, implied or express; impairment of economic or business opportunity;
      intentional or negligent infliction of emotional distress; false arrest;
      assault; battery; false imprisonment; prima facie tort; defamation; libel;
      slander; negligent termination; malicious prosecution; or any other tort,
      whether intentional or negligent; or any claim or cause of action known or
      unknown under Title VII of The Civil Rights Act of 1964; the Equal Pay Act;
      the
      Fair Labor Standards Act; the Employment Retirement Income Security Act of
      1974
      (except as to claims pertaining to vested benefits under an employee benefit
      plan); the Rehabilitation Act of 1973; the Civil Rights Acts of 1866 and 1871;
      the Civil Rights Act of 1991 (Public Law 102-106, 105 Stat. 1071-1100); the
      Americans With Disabilities Act of 1990; the Family and Medical Leave Act of
      1993; the False Claims Act; the Labor Management Relations Act; the Age
      Discrimination in Employment Act of 1967; the Older Workers Benefit Protection
      Act of 1990; the United States Constitution or any other federal, state, county
      or municipal statute or ordinance relating to employment or any claims growing
      out of any restrictions on the Company’s right to terminate its employees,
      including, but not limited to, claims relating to wages, bonuses, contract
      or
      wrongful discharge. This Agreement covers claims of which the Executive
      currently may or may not have knowledge.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    10. In
      consideration for the above, and except with respect to the performance of
      obligations contained in this Agreement and the Lock-Up Agreement, the Company,
      on behalf of itself and all its successors, assigns, current and former
      employees, directors, officers, trustees, shareholders, members, agents,
      parents, affiliates, subsidiaries, representatives, insurers, attorneys,
      independent contractors and all other related or affiliated persons and entities
      by execution of this Agreement, does hereby fully, completely and
      unconditionally forever release and discharge Executive and all heirs, and
      personal representatives from any and all liability, claims, causes, demands,
      obligations, actions, contracts, promises, agreements, damages, attorneys’ fees,
      costs, liabilities, rights and allegations of whatever kind and nature, known
      or
      unknown. This release includes, but shall not be limited to, any and all claims
      for breach of contract, implied or express; impairment of economic or business
      opportunity; fraud; intentional or negligent infliction of emotional distress;
      prima facie tort; defamation; libel; slander; or any other tort, whether
      intentional or negligent; or any claim or cause of action known or
      unknown.

     

    11. The
      Executive acknowledges and agrees that in the event of a breach of paragraph
      8(e) or 8(f) above, the Company shall be entitled to appropriate injunctive
      relief, including an immediate temporary restraining order and/or permanent
      injunction without the necessity of the Company posting a bond.

     

    12. The
      Executive acknowledges that he understands that this Agreement is a legally
      binding agreement and that the Company advised him to review it with legal
      counsel of his choice before executing the Agreement. 

     

    13. The
      Executive represents and acknowledges that in executing this Agreement, he
      does
      not rely, and has not relied, upon any representation not set forth herein,
      made
      by the
      Company or
      any of
      its employees, agents, or attorneys with regard to the subject matter, basis
      or
      fact of this Agreement or otherwise.

     

    14. The
      Executive acknowledges that this Agreement is intended to address and cover
      any
      rights he may
      have
      under the governing law. The Executive’s signature below will confirm that he is
      entering into this Agreement freely and with a full understanding of its terms
      and effect, including that he is giving up his right to bring any claim against
      the
      Company in
      accordance with Paragraph 9 above.

     

    15. The
      Executive acknowledges that he has been given twenty-one (21) days during which
      to consider this Agreement and that he executes this Agreement freely and
      voluntarily and that he is under no duress at the time of his
      execution.

     

    16. The
      Executive shall have a period of seven (7) calendar days from the date he signs
      this Agreement to revoke and cancel this Agreement (the “Revocation Period”).
      Any revocation and cancellation must be in writing, signed by the Executive
      and
      delivered in duplicative originals to the Company before the close of business
      of the seventh (7th) calendar day following the date the Executive signs this
      Agreement. This Agreement shall in no event become effective until such seven
      (7) day period passes.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    17. The
      construction of this Agreement shall be in accordance with, and governed by,
      the
      law of the State of New York, without regard to New York’s conflict of law
      rules.

     

    18. The
      parties consent to the exclusive jurisdiction of the Federal or State courts
      of
      the State of New York to resolve any and all disputes arising out of or relating
      to this Agreement.

     

    19. This
      Agreement sets forth the entire agreement between the parties hereto and
      supersedes any and all prior agreements or understandings between them
      pertaining to the subject matter hereof. This Agreement may be modified only
      by
      a subsequent and written instrument, executed by all parties.

     

    20. This
      Agreement shall become effective, subject to its terms including, without
      limitation, the terms of Paragraphs 8(a), 8(k) and 16 above, when the Agreement
      has been signed by each of the parties.

     

    21. This
      Agreement may be executed in counterparts and as so executed shall constitute
      one agreement, binding on all parties.

     

    22. If
      any
      provision of this Agreement or the application thereof becomes or is declared
      by
      a court of competent jurisdiction to be illegal, void or unenforceable, the
      remainder of this Agreement will continue in full force and effect; except
      that
      if the releases contained herein are declared illegal, void or unenforceable
      by
      a court of competent jurisdiction, the entire Agreement shall become a nullity
      and any amounts paid in consideration hereunder shall be returned to the
      Company. The parties further agree to replace any other illegal, void or
      unenforceable provision of this Agreement with a legal, valid, and enforceable
      provision that will achieve, to the extent possible, the economic, business,
      and
      other purposes of such illegal, void or unenforceable provision.

     

    IN
      WITNESS THEREOF,
      the
      undersigned have executed this Agreement on the dates noted below.

    
      	 	 	 	 
	 	 	 	 
	/s/
              Martin
              Quinn	 	 	
            
	
              
Martin
              Quinn	 	 	
            
	 	 	 	 
	
              Date:
                March 12, 2007

            	 	 	
            
	 	 	 	 
	 	 	 	 
	
              ON
                BEHALF OF MMC ENERGY, INC.

            	 	 	 
	 	 	 	 
	 	 	 	 
	/s/ Karl Miller	 	 	 
	
              
Karl
              Miller, CEO	 	 	 
	 	 	 	 
	
              Date:
                March 12, 2007

            	 	 	 

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

     

    Bingham
      Energy Consultants LLC

    Calpine
      Power Services LLC

    Camelot
      Technologies Group, Inc.

    DLA
      Piper
      US LLP

    Donelle
      Griffin

    Emerson
      (Electronic Reliability Services, Inc.)

    PPM
      Energy Incorporated

    Pro
      Energy Services, LLC

    RCAT
      (Incorporated)/Resource Catalyst

    Robert
      Bingham

    Sulzer
      Hickham, Inc.

    Trimark
      Associates, Inc.

    Wood
      Group Generator Services

    Wood
      Group Pratt Whitney

    Worley
      Parsons Group Inc

    ZGlobal
      Engineering & Energy Solutions

     

    
      
        
        

      

      
        8

        
          

        

      

       

    

    EXHIBIT
      B

     

    [Lock-Up
      Agreement]

     

    
      
        
        

      

      
        9

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