Advisory and Consulting Services Agreement between Coronus Energy Corp. and Earthlight Solar Inc.

Summary

Coronus Energy Corp. engaged Earthlight Solar Inc. to provide advisory and consulting services related to securing a loan from Clean Focus Financing Company, LP. In return for these services, Coronus Energy agreed to pay Earthlight a fee equal to 3% of each loan advance, paid from its working capital. The agreement confirms both parties' authority to enter into the arrangement and is effective as of December 20, 2012. Mark Burgert, a control person of Earthlight, is also affiliated with Coronus Solar Inc., Coronus Energy's parent company.

EX-10.128 20 exh10-128.htm CLEAN FOCUS LOAN - EARTHLIGHT ADVISORY & CONSULTING SERVICES AGREEMENT. exh10-128.htm
Exhibit 10.128
 
CORONUS ENERGY CORP.
(the “Corporation”)
 
 

Suite 1100 - 1200 West 73rd Ave., Vancouver, B.C., V6P 6G5
 
Telephone: (604) 267-7078     Facsimile: (604) 267-7080
 

 
 
 
AGREEMENT
 
 
 
Earthlight Solar Inc. (“Earthlight”) provided the Corporation with advisory and consulting services (the “Services”) in respect of the Corporation’s dealings with Clean Focus Financing Company, LP (“Clean Focus”).
 
As a consequence of the Services, the Corporation conducted a non-brokered private placement, issuing a senior secured, promissory note (the “Note”) to Clean Focus, for proceeds of up to $4,000,000 (the “Loan”). Pursuant to a schedule of draw dates and amounts, the Corporation may request advances, in whole or in part, of up to the maximum amount of the Loan (each an “Advance”).
 
In connection with the Loan, with each Advance, but not from the proceeds of each Advance, but from the Corporation’s unallocated working capital, the Corporation agreed to pay Earthlight a fee equal to 3% of the principal amount of each Advance.
 
Mark Burgert is a control person of Earthlight, and Mr. Burgert is also a control person of Coronus Solar Inc., the parent company of the Coronus Energy Corp.
 
Both the Corporation and Earthlight had good right, full corporate power and absolute authority to enter into this Agreement.
 
The Agreement is dated effective December 20, 2012
 
 

 
CORONUS ENERGY CORP.
 
EARTHLIGHT SOLAR INC.
     
Jeff Thachuk
 
Mark Burgert
     
Jeff Thachuk
 
Mark Burgert
President
 
President