This excerpt taken from the PEIX 8-K filed May 23, 2008.
Placement Agent”) acted as Placement Agent in accordance with the terms and conditions hereof.
2. Agreement To Act As Placement Agent; Placement Of Securities. On the basis of the representations, warranties and agreements of the Company contained herein, and subject to all the terms and conditions of this Agreement:
(I) The Company has authorized and hereby acknowledges that the Placement Agent has acted as its exclusive agent to solicit offers for the purchase of all or part of the Units from the Company in connection with the proposed offering of the Units (the “