Document:

EXHIBIT
      4.3

    

    THIS
      NOTE
      HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL
      (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
      “ACT”) SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE
      COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO
      THE
      EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH
      PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS.
      THIS LEGEND SHALL BE ENDORSED UPON ANY NOTE ISSUED IN EXCHANGE FOR THIS
      NOTE.

    

    WLG
      INC.

    

    12%
      Secured Subordinated Promissory Note

    

      
        	
                $600,000

              	
                As
                  of July 1,
                  2008        

              

      

    

     

    FOR
      VALUE
      RECEIVED, WLG
      Inc.,
      a
      Delaware corporation (collectively with all of its Subsidiaries (as defined
      below), the “Company”)
      with
      its principal executive office at 920 East Algonquin Road, Suite 120,
      Schaumberg, IL 60173, promises to pay to the order of Christopher
      Wood,
      or his
      assigns (the “Payee”),
      the
      principal amount of Six
      Hundred Thousand Dollars ($600,000)
      (the
“Principal
      Amount”)
      in
      such coin or currency of the United States of America as at the time of payment
      shall be legal tender for the payment of public and private debts. Interest
      on
      this Note shall accrue on the Principal Amount outstanding from time to time
      at
      a rate per annum computed in accordance with, and shall be payable as provided
      in, Section
      2
      hereof.
      Nothing in this paragraph shall be construed as the consent by the holder of
      this Note to any action otherwise prohibited by the terms of this Note or as
      a
      waiver of any such prohibition. For purposes of this Note, “Subsidiary”
means
      any corporation, association or other business entity of which more than fifty
      percent (50%) of the total voting power of shares of stock, membership interests
      (or equivalent ownership or controlling interest) entitled (without regard
      to
      the occurrence of any contingency) to vote in the election of directors,
      managers or trustees thereof is at the time owned or controlled, directly or
      indirectly, by the Company (or any of its other Subsidiaries).

    

    Each
      payment by the Company pursuant to this Note shall be made without set-off
      or
      counterclaim and in immediately available funds.

    

    The
      Company (i) waives presentment, demand, protest or notice of any kind in
      connection with this Note and (ii) agrees, in the event of an Event of Default,
      to pay to the holder of this Note, on demand, all costs and expenses (including
      reasonable legal fees and expenses) incurred in connection with the enforcement
      and collection of this Note.

    

    1. Payment
      of the Note.
      

    

    A. Subject
      to Subsections
      1B, 1C and 1D
      below,
      the Principal Amount
      of this
      Note shall be due and payable in twelve (12) equal monthly installments of
      $50,000 (each an “Installment”).
      The
      first Installmant shall be due and payable on January 31, 2009 and, thereafter,
      Installments shall be due on the last Business Day (as hereinafter defined)
      of
      each following calendar month. All payments due hereunder shall be made to
      the
      Payee in immediately available funds acceptable to the Payee. For
      purposes of this Note, “Business
      Day”
means
      any day that is not a Saturday, a Sunday or a day on which banks are required
      or
      permitted to be closed in the State of New York. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    B. In
      the
      event that Payee’s employment with the Company is terminated for any reason, the
      remaining outstanding Principal Amount of this Note, and all accrued and unpaid
      interest, shall become immediately due and payable to Payee.

    

    C. In
      the
      event that the Company raises not less than three million dollars ($3,000,000),
      through the issuance of debt or equity, the remaining outstanding Principal
      Amount of this Note, and all accrued and unpaid interest, shall be due and
      payable upon
      demand by the Payee.
      

    

    D. In
      the
      event that the Company undergoes a Change of Control (as defined below), the
      remaining outstanding Principal Amount of this Note, and all accrued and unpaid
      interest, shall become immediately due and payable to Payee. For purposes of
      this Note, the term “Change
      of Control”
shall
      mean any of the following events: 

    

    (i) an
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or Section 14(d)(2) of the Securities Exchange Act of 1934, as amended
      (the “Exchange
      Act”))
      (a
“Person”)
      of
      beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
      Exchange Act) of more than 50% of either (1) the then outstanding shares of
      Common Stock (the “Outstanding
      Company Common Stock”)
      or (2)
      the combined voting power of the then outstanding voting securities of the
      Company entitled to vote generally in the election of directors (the
“Outstanding
      Company Voting Securities”);
      excluding, however, the following: (1) any acquisition by the Company; (2)
      any
      acquisition by any employee benefit plan (or related trust) sponsored or
      maintained by the Company or any corporation controlled by the Company; (3)
      an
      acquisition by Payee and/or any affiliate, assignee and/or transferee of Payee
      (a “Wood
      Party”);
      or
      (4) any acquisition by any Person pursuant to a transaction which would qualify
      as an Excluded Corporate Transaction (as hereinafter defined); or

    

    (ii) The
      approval by the stockholders of the Company of a reorganization, merger or
      consolidation or sale or other disposition of all or substantially all of the
      assets of the Company (“Corporate
      Transaction”),
      excluding, however, such a Corporate Transaction, pursuant to which all or
      substantially all of the individuals and entities who are the beneficial owners,
      respectively, of the Outstanding Company Common Stock and Outstanding Company
      Voting Securities immediately prior to such Corporate Transaction will
      beneficially own, directly or indirectly, more than 50% of, respectively, the
      outstanding shares of common stock, and the combined voting power of the then
      outstanding voting securities entitled to vote generally in the election of
      directors, as the case may be, of the corporation resulting from such Corporate
      Transaction (including, without limitation, a corporation which as a result
      of
      such transaction owns the Company or all or substantially all of the Company’s
      assets, either directly or through one or more subsidiaries) in substantially
      the same proportions as their ownership, immediately prior to such Corporate
      Transaction, of the Outstanding Company Common Stock (an “Excluded
      Corporate Transaction”);
      or

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    

    (iii) The
      approval by the stockholders of the Company of a complete liquidation or
      dissolution of the Company, other than to a corporation pursuant to a
      transaction which would qualify as a Corporate Transaction other than an
      Excluded Corporate Transaction.

    

    2. Interest.

    

    A. Interest
      Rate.
      The
      outstanding Principal Amount shall bear interest at the rate of twelve (12%)
      percent per annum. 

    

    B. Computation
      and Payment of Interest.
      Interest on the Principal Amount shall be computed on the basis of a 360-day
      year for the actual number of days elapsed and shall be due and payable monthly
      in arrears on each date that an Installmant is due and payable. 

    

    3. Security

    

    A. Grant
      of Security Interest.
      To
      secure the payment of all interest and the Principal Amount (the “Obligations”),
      including all renewals, extensions, restructurings and refinancings of any
      or
      all of the Obligations, the Company hereby assigns and grants to Payee, a
      continuing security interest and Lien (as hereinafter defined), subordinated
      to
      Permitted Encumbrances (as hereinafter defined), in and to all right, title
      and
      interest of the Company in all assets and properties of the Company, whether
      now
      owned or existing or hereafter acquired or arising and regardless of where
      located, including the proceeds thereof (all being collectively referred to
      as
      the “Collateral”),
      and
      including, without limitation, the following property of the Company, each
      as
      defined in the Uniform Commercial Code as in effect on the date hereof in the
      State of New York, as amended from time to time, and any successor statute
      Uniform Commercial Code (the “UCC”):

    

    
      	
            	(i)	
              Accounts;

            

    

    
      	
            	(ii)	
              Deposit
                Accounts;

            

    

    
      	
            	(iii)	
              Documents
                of Title; 

            

    

    
      	
            	(iv)	
              Equipment;

            

    

    
      	
            	(v)	
              General
                Intangibles;

            

    

    
      	
            	(vi)	
              Inventory;
                

            

    

    
      	
            	(vii)	
              Investment
                Property; and

            

    

    
      	
            	(viii)	
              Intellectual
                Property.

            

    

     

    B. Preservation
      of Collateral and Perfection of Security Interests Therein.
      The
      Company shall, at Payee’s reasonable request, at any time and from time to time,
      execute and deliver to Payee within ten (10) days of such request, such
      financing statements, documents and other agreements and instruments and do
      such
      other acts and things as Payee may deem reasonably necessary in order to
      establish and maintain a valid, attached and perfected security interest in
      the
      Collateral in favor of Payee (free and clear of all other Liens, claims and
      rights of third parties whatsoever, whether voluntarily or involuntarily
      created, except Permitted Encumbrances) to secure payment of the Obligations,
      and in order to facilitate the collection of the Collateral. 

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    

    C. Possession
      of Collateral and Related Matters.
      Until
      an Event of Default has occurred and is continuing, the Company shall have
      the
      right, except as otherwise provided in this Note, in the ordinary course of
      the
      Company’s business, to (a) sell or lease any of the Company’s Inventory
      normally held by the Company for any such purpose, (b) use and consume any
      raw materials, work-in-process or other materials normally held by the Company
      for such purpose, or (c) dispose of any obsolete or excess equipment in the
      ordinary course of business; provided,
      however,
      that a
      sale in the ordinary course of business shall not include any transfer or sale
      in satisfaction, partial or complete, of any debt owed by the
      Company.

     

    D. Release
      of Security Interests.
      Upon
      the indefeasible payment and satisfaction in full of the Obligations, Payee
      shall release all Liens and security interests granted by the Company by
      execution and/or delivery of appropriate documentation, including, but not
      limited to, UCC termination statements, (A) within three (3) Business Days
      of such payment or (B) concurrently with such payment if the Company gives
      three (3) Business Days advance notice of such payment.

     

    E. Definitions.
      For
      purposes of this Section 3 of this Note, the following terms shall have the
      following meanings:

     

    (i) “Lien”
shall
      mean any interest in Property securing an obligation owed to a Person whether
      such interest is based on the common law, statute or contract, and including
      but
      not limited to a security interest arising from a mortgage, pledge, conditional
      sale or trust receipt or a lease, consignment or bailment for security purposes.
      The term “Lien” includes but is not limited to mechanics', materialmens',
      warehousemens' and carriers' liens and other similar encumbrances. For the
      purposes hereof, a Person shall be deemed to be the owner of Property which
      it
      has acquired or holds subject to a conditional sale agreement or other
      arrangement pursuant to which title to the Property has been retained by or
      vested in some other Person for security purposes.

     

    (ii) “Permitted
      Encumbrances”
shall
      mean (i) Liens for taxes which are not delinquent or which are being contested
      in good faith, mechanic's and materialmen's Liens and other statutory Liens
      with
      respect to obligations which are not overdue or which are being contested in
      good faith, and Liens resulting from deposits to secure the payments of
      workmen's compensation or other social security or to secure the performance
      of
      bids or contracts in the ordinary course of business, (ii) capitalized lease
      or
      purchase money security interest obligations in the ordinary course of business
      or assumed as part of a permitted acquisition, (iii) reservations, exceptions,
      encroachments, easements, rights of way, covenants, conditions, restrictions,
      leases and other similar title exceptions affecting real estate, and (iv) Liens
      securing the Senior Debt. 

    

    (iii) “Person”
shall
      mean an individual, partnership, corporation, limited liability company, trust
      or unincorporated organization, and a government or agency or political
      subdivision thereof.

    

    (iv) “Property”
shall
      mean any interest in any kind of property or asset, whether real, personal
      or
      mixed, or tangible or intangible.

    

    (v) “Senior
      Debt”
shall
      mean the obligations of the Company set forth on Schedule
      I
      attached.

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    

    4. Events
      of Default.

    

    A. The
      occurrence of either of the events listed in subsections (i) or (ii) below,
      unless consented to or waived by Payee, shall constitute an “Event
      of Default”:

    

    (i) Non-Payment
      of Obligations.
      The
      Company shall default in the payment of the principal or accrued interest on
      this Note when and as the same shall become due and payable, whether by
      acceleration or otherwise and such failure shall not be remedied within ten
      (10)
      calendar days of the applicable due date; or

     

    (ii) Bankruptcy,
      Insolvency, etc.
      The
      Company and/or any of its Subsidiaries shall:

    

    (a) generally
      fail or be unable to pay, or admit in writing its inability to pay, its debts
      as
      they become due;

    

    (b) 
      apply
      for, consent to, or acquiesce in, the appointment of a trustee, receiver,
      sequestrator or other custodian for the Company or any of its property, or
      make
      a general assignment for the benefit of creditors;

    

    (c) in
      the
      absence of such application, consent or acquiesce in, permit or suffer to exist
      the appointment of a trustee, receiver, sequestrator or other custodian for
      the
      Company or for any part of its property, and such trustee, receiver,
      sequestrator or other custodian shall not be discharged within thirty (30)
      days;

    

    (d) permit
      or
      suffer to exist the commencement of any bankruptcy, reorganization, debt
      arrangement or other case or proceeding under any bankruptcy, insolvency or
      comparable law, or any dissolution, winding up or liquidation proceeding, in
      respect of the Company and/or any Subsidiary, and, if such case or proceeding
      is
      not commenced by the Company or a Subsidiary or converted to a voluntary case,
      such case or proceeding shall be consented to or acquiesced in by the Company
      or
      shall result in the entry of an order for relief or shall remain for sixty
      (60)
      days undismissed; or

    

    (e) take
      any
      corporate action authorizing, or in furtherance of, any of the
      foregoing;

    

    B. Action
      if Bankruptcy, Insolvency, etc.
      If any
      Event of Default described in clauses
      (ii)(a) through (d) of Section 4A
      shall
      occur, the outstanding Principal Amount of this Note and all other obligations
      hereunder shall automatically be and become immediately due and payable, without
      notice or demand.

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    

    C. Action
      if Other Event of Default.
      If any
      Event of Default (other than any Event of Default described in clauses
      (ii)(a) through (d) of Section 4A)
      shall
      occur for any reason, whether voluntary or involuntary, and be continuing,
      the
      Payee may, upon notice to the Company, declare all or any portion of the
      outstanding Principal Amount of this Note together with interest accrued thereon
      to be due and payable and any or all other obligations hereunder to be due
      and
      payable, whereupon the full unpaid Principal Amount (or any portion thereof
      so
      demanded), such accrued interest and any and all other such obligations which
      shall be so declared due and payable shall be and become immediately due and
      payable, without further notice, demand, or presentment.

    

    D. Remedies.
      In case
      any Event of Default shall occur and be continuing, Payee may proceed to protect
      and enforce its rights by a proceeding seeking the specific performance of
      any
      covenant or agreement contained in this Note or in aid of the exercise of any
      power granted in this Note or may proceed to enforce the payment of this Note
      or
      to enforce any other legal or equitable rights as Payee shall
      determine.

     

    5. Amendments
      and Waivers.

    

    A. The
      provisions of this Note may from time to time be amended, modified or waived,
      if
      such amendment, modification or waiver is in writing and consented to by the
      Company and Payee.

    

    B. No
      failure or delay on the part of Payee in exercising any power or right under
      this Note shall operate as a waiver thereof, nor shall any single or partial
      exercise of any such power or right preclude any other or further exercise
      thereof or the exercise of any other power or right. No notice to or demand
      on
      the Company, in any case shall entitle it to any notice or demand in similar
      or
      other circumstances. No waiver or approval by Payee shall, except as may be
      otherwise stated in such waiver or approval, be applicable to subsequent
      transactions. No waiver or approval hereunder shall require any similar or
      dissimilar waiver or approval thereafter to be granted hereunder.

    

    C. To
      the
      extent that the Company, makes a payment or payments to Payee, and such payment
      or payments or any part thereof are subsequently for any reason invalidated,
      set
      aside and/or required to be repaid to a trustee, receiver or any other party
      under any bankruptcy law, state or federal law, common law or equitable cause,
      then to the extent of such recovery, the obligation or part thereof originally
      intended to be satisfied, and all rights and remedies therefor, shall be revived
      and continued in full force and effect as if such payment had not been made
      or
      such enforcement or setoff had not occurred.

    

    D. After
      any
      waiver, amendment or supplement under this section becomes effective, the
      Company, shall mail to the holder of this Note a copy thereof.

    

    6. Miscellaneous.

    

    A. Parties
      in Interest.
      All
      covenants, agreements and undertakings in this Note binding upon the Company
      or
      Payee shall bind and inure to the benefit of the successors and permitted
      assigns of the Company and Payee, respectively, whether so expressed or
      not.

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    

    B. Governing
      Law.
      This
      Note shall be governed by and construed solely and exclusively in accordance
      with the internal laws of the State of New
      York
      without regard to the conflicts of laws principles thereof. The parties hereto
      hereby irrevocably agree that any suit or proceeding arising directly and/or
      indirectly pursuant to or under this Note, shall be brought solely and
      exclusively in a federal or state court located in the City, County and State
      of
New
      York.
      By
      their execution hereof, the parties hereby covenant and irrevocably submit
      to
      the in
      personam
      jurisdiction of the federal and state courts located in the City County
and
      State
      of
New
      York
      and
      agree that any process in any such action may be served upon any of them
      personally, or by certified mail or registered mail upon them or their agent,
      return receipt requested, with the same full force and effect as if personally
      served upon them in New
      York
      City.
      The
      parties hereto expressly and irrevocably waive any claim that any such
      jurisdiction is not a convenient forum for any such suit or proceeding and
      any
      defense or lack of in
      personam
      jurisdiction with respect thereto. In the event of any such action or
      proceeding, the party prevailing therein shall be entitled to payment from
      the
      other party hereto of its reasonable counsel fees and
      disbursements.

    

    C. Notices.
      All
      notices and other communications from the Company to the Payee shall be mailed
      by first class, registered or certified mail, postage prepaid, and/or a
      nationally recognized overnight courier service to the address furnished to
      the
      Company, in writing by the Payee.

     

    D. Waiver
      of Jury Trial.
      THE
      PAYEE AND THE COMPANY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE
      ANY
      RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED
      HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS NOTE OR ANY OTHER
      DOCUMENT OR INSTRUMENT EXECUTED AND DELIVERED IN CONNECTION HEREWITH, OR ANY
      COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN),
      OR
      ACTIONS OF THE PAYEE OR THE COMPANY. 

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF,
      this
      Note has been executed and delivered on the date specified above by the duly
      authorized representative of the Company.

    

    
      	
              WLG
                INC.

            
	 	 
	
              By:

            	
              /s/
                David Koontz

            
	 	
              Name: 
                David Koontz

            
	 	
              Title:   
                Chief Financial Officer

            

    

     

    AGREED
      AND ACCCEPTED:

    

    CHRISTOPHER
      WOOD

    

      
        	
                /s/
                  Christopher Wood

              

      

    

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    

    Schedule
      I

    

      
        	 	 	
                Asean

              	 	
                Asean

              	 	
                HK

                Subsidiaries

              	 	
                WCS

              	 
	   	 	
                NAB

              	 	   	 	   	 	
                JP

              	 
	 	 	
                
                  Note D

                

              	 	
                  

              	 	
                Hong Kong

              	 	
                Morgan

              	 
	 	 	
                Line of

              	 	
                NAB

              	 	
                Bank

              	 	
                Chase

              	 
	 	 	
                Credit

              	 	
                0D Facility

              	 	
                
                  Term Debt

                

              	 	
                
                  Term Debt

                

              	 
	 	 	 	 	 	 	 	 	 	 
	
                Facility
                  amount

              	 	
                3,847,200
                  

              	 	
                649,215
                  

              	 	
                275,562
                  

              	 	
                5,500,000
                  

              	 
	 	 	 	 	 	 	 	 	 	 
	
                Maturity
                  date

              	 	
                On-going

              	 	
                On-going

              	 	
                October
                  08

              	 	
                November 28, 2008

              	 
	 	 	
                Reviewed
                  annually

              	 	
                Reviewed
                  annually

              	 	 	 	 	 
	 	 	
                Renewed
                  6/12/07

              	 	
                Renewed
                  6/12/07

              	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	
                Interest
                  rate

              	 	
                11.73

              	
                %

              	
                10.83%

              	 	
                Prime
                  less 3/4%

              	 	
                Prime
                  

              	 
	 	 	 	 	 	 	 	 	 	 
	
                Current
                  balance (approx July 1, 2008)

              	 	
                2,341,400
                  

              	 	
                649,215
                  

              	 	
                93,541
                  

              	 	
                3,198,000
                  

              	 

      

    

     

    
      
         

      

      
        -9-Unassociated Document

     

    LEXXUS
      CAPITAL 

    1120
      Avenue of the Americas, Suite 4046

    New
      York,
      New York 10036 212-626-6749 (phone)

    646-572-2368
      (fax)

     

    CONSULTING
      AGREEMENT

     

    This
      agreement ("Agreementn)
      is
      entered into, this 11th day of August, 2008 between Titan Energy Worldwide,
      Inc.
      (the "Company") and Lexxus Capital ("Consultant").

     

    WHEREAS,
      Consultant has experience in corporate acquisitions, corporate finance,
      financial public relations, and knowledge in the development of secondary
      trading markets and

     

     

    WHEREAS,
      the Company desires to engage Consultant to assist in raising capital through
      the Public Markets, developing secondary trading markets for the Company's
      securities, and for advice on financial public relations and investment banking
      matters.

     

    NOW
      THEREFORE, the Company and Consultant agree as follows:

     

    l:..    CONSULTANT'S
      SERVICES

     

    Consultant
      will provide the Company consulting service for one year in connection with
      the
      following matters:

     

    •    Assist
      in
      compiling such financial information along with any other "due
      diligencen
      information
      that may be required to assist the Company in raising Equity Capital.

    •    Assist
      in
      raising capital for the purpose of implementing the Company's transitional
      and
      organizational business plan. 

    •    Assist
      in
      communications and correspondence with brokers, Money Managers, and Investors
      as
      it relates to corporate developments. 

    •    Develop
      broker relations program in the New York City and Tri-State Area. 

    •    Develop
      additional broker relations program in the Midwest. 

    •    Provide
      sponsorship for the Company at Regional Investment Banker Syndicate seminars
      and
      other Broker Dealer sponsorship meetings, as it is mutually agreeable between
      the Company and the Consultant. 

    •    Consult
      with the Company about it's present and future securities structure.

    •    Provide
      additional guidelines regarding stock distribution and shareholder relations
      program. 

    •    Assist
      in
      coordination of financial public relations, including the delivery ofone CFA
      report to the Company. 

    •    Assist
      in
      writing and I
      or
      editing all new announcements and vetting them to the shareholders, and
      appropriate wire services as well as the public at large. 

    •    Participate
      in and coordinate road trips for Company executives to provide introductions
      and
      information to brokers, investment bankers, financial analysts, and money
      managers about the Company. 

    •    Develop
      Broker Database followed by other "target" areas as considered beneficial by
      the
      Company. 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    2.
      COMPENSATION

     

    In
      consideration
      of the Consultant's services, the Company shall compensate the Consultant as
      follows:

     

    Corporate
      Finance

     

        •    A
      ten
      (10) per cent Consulting Fee for any Equity Financing brought to the Company
      through an Equity Fund, Institution or Accredited Investor introduced to Company
      directly by the Consultant. 

        •    A
      five
      (5) per cent Consulting Fee for any Debt Financing brought to the Company
      through a Debt Fund, Merchant Bank, Institution or Accredited Investor
      introduced to Company directly by the Consultant. 

        •    A
      three
      (3) per cent override for the introduction of Debt or Equity Financing through
      a
      Broker-Dealer or Investment Banker introduced to Company directly by the
      Consultant.

     

    

    Investor
      Relations

     

        •    Reimbursement
      of expenses on a Pre-approved basis.

        •    $5,000.00
      per month retainer, first two months in advance.

        •    Two
      Hundred Fifty Thousand Restricted Shares*.

        •    Five
      Hundred Thousand, Five Year Stock Purchase Warrants, as follows:

    

        a)    200,000
      warrants exercisable at $1.50-Issue date, October 1,2008

        b)    100,000
      warrants, exercisable at $2.00-Issue date, January 1,2009

        c)    100,000
      warrants, exercisable at $2.50-Issue date, April!, 2009

        d)    100,000
      warrants, exercisable at $3.00-Issue date, July 1, 2009

     

        Warrants
      will
      be subject to demand registration rights.

     

        *The
      Company
      will issue a legal opinion, after June 30, 2009, within 10 business days,

        that
      will
      permit the shares to trade in accordance with Rule 144.

     

    3.
      ~INDEMNIFICATION
      

     

    The
      Company's Agent agrees to indemnify and hold harmless Consultant and their
      agents and employees against any losses, claims, damage or liabilities, joint
      or
      several, to which Consultant or any other such person may become subject, under
      the Act or otherwise, insofar as such losses, claims, damages or liabilities
      (or
      actions, suits or proceedings in respect thereof) arise out of or are based
      upon
      any untrue statement or alleged untrue statement of any material, or arising
      out
      of or based upon the omission or alleged omission to state therein or necessary
      to make the statements therein not misleading and will reimburse Consultant
      or
      any such other person for any such legal or other expenses
      reasonably incurred by Consultant or any such person in connection with
      nvestigation or

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    defending
      any such loss, claim, damage, liability or action, suit or proceeding provided,
      however, that the Company will not be liable in any such case to the extent
      that
      any such loss, claim damage or liability arises out of or is based upon an
      untrue statement or alleged untrue statement in, or omission or alleged
      omissions in reliance upon and in conformity with written information furnished
      to the Company by Consultant specifically for use in preparations thereof.
      This
      Indemnity agreement will be in addition to any liability which the Company
      may
      otherwise have.

     

     

    Consultant
      will indemnify and hold harmless the Company, each of it's directors, each
      of
      it's officers, or persons, if any, who control the Company within the meaning
      of
      the Act against any losses, claims, damages or liabilities to which the Company
      or any such other person may become subject, under the Act or otherwise, insofar
      as such losses, claims, . damages, or liabilities to which the Company or any
      such other person may become subject, under the Act or otherwise, insofar as
      such losses, claims, damages, or liabilities (or actions, suits, or proceedings
      in respect thereof) arise out of or are based upon any untrue statement or
      alleged untrue statement of any material fact that may arise out ofor
      are

     

     

    based
      upon the omission to state therein a material fact that may arise out of or
      are
      based upon the omission or the alleged omission to state therein a material
      fact
      required to be stated therein or necessary to make the statement therein not
      misleading, in each case to the extent, but only to the extent, that such untrue
      statement or alleged untrue statement or omission or alleged omissions in
      reliance upon and in conformity with written information furnished to the
      Company by the Consultant specifically for use in the preparation thereof and
      will reimburse any legal or other expenses reasonably incurred by the Company
      or
      any such other person in connection with investigating or defending any such
      loss, claim, damage, liability, or action, suit or proceeding. This Indemnity
      Agreement will be in addition to any liability which the Consultant might
      have.

     

     

    Promptly
      after receipt by an indemnified party under this section of notice of the
      commencement of any action, suit or proceeding, such indemnified party will,
      if
      a claim in respect thereof is to be made against an indemnifying party under
      this section, notify the indemnifying party of the commencement thereof: But
      the
      omission to so notify the indemnifying party will not relieve it from any
      liability which it may have to any indemnified party otherwise than under this
      section. In any case such action, suit or proceeding is brought against any
      indemnified party and it notifies the indemnifying party of the commencement
      thereof, the indemnifying party will be entitled to participate therein, and
      to
      the extent may wish jointly with any other indemnifying party similarly
      notified, to assume the defense thereof, with counsel satisfactory to such
      indemnified party, and after notice from the indemnifying party to such
      indemnifying party will not be liable to such indemnified party under this
      section for any legal or other expenses subsequently incurred by such
      indemnified party in connection with the defense thereof other than reasonable
      cost of investigation. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4,
      TERMINATION
      

    This
      Agreement may be terminated by mutual agreement of the parties at any time
      or by
      either party on thirty days written notice to the other party. The provisions
      on
      Indemnification shall survive any termination of the Agreement by either
      party.

    {"':'f':'-'i:."",\~~~
      ':~~;~t';~r~.'" 

     

     

     

    5. COMPLETE
      AGREEMENT; MODIFICATION

     

    This
      Agreement together with it's Exhibits, constitutes the entire understanding
      of
      the parties with respect to the matters it purports to cover, and no promise,
      representation, or warranty other than those set out herein, shall be of any
      force or effect. No modification or amendment of this Agreement shall be of
      any
      force unless reduced to writing, signed by all of the record shareholders,
      and
      deposited with the Corporation.

     

     

    6.
      DESCRIPTIVE HEADINGS

     

    The
      Descriptive Headings of this Agreement are for convenience only and shall not
      control or affect the meaning or construction of any provision of this
      Agreement.

     

     

    7.
      COUNTERPARTS

     

    This
      Agreement may be executed in any number of counterparts, and each such .
      counterpart hereof shall be deemed to be an original instrument, but all such
      counterparts together
      shall constitute but one Agreement.

     

     

    8.
      GOVERNING
      LAW AND VENUE

     

    The
      interpretation and construction of this Agreement shall be governed by the
      laws
      of the state of New York for the contracts made and to be performed in New
      York.
      All obligations under this Agreement to purchase or sell shares or to give
      notices for performance will be in New York, New York.

     

    .IN
      WITNESS
      WHEREOF, the parties hereto have caused this Agreement to be executed as of
      the
      date first set forth herein. 

    

    
      
        	Company:, Titan Energy Worldwide	 	Consultant: Lexxus Capital
	 	 	 
	By: /s/ John M. Tastad	 	By: /s/ G. Robinson
	 	 	 
	Date: 8/11/08_	 	Date:
                8/11/08

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