Joint Disbursement Instructions for Convertible Debenture Offering – Startech Environmental Corporation and Cornell Capital Partners, LP

Summary

Startech Environmental Corporation and Cornell Capital Partners, LP, through Yorkville Advisors, LLC, agree on how to distribute $1,150,000 in proceeds from the sale of convertible debentures. After deducting specified fees, the net amount of $1,005,000 will be transferred to Startech. The instructions authorize attorney David Gonzalez to disburse the funds as directed. All conditions for closing the offering have been met or deferred, and the parties confirm acceptance of the subscriptions.

EX-10.39 2 startechamend2exh1039.txt JOINT DISBURSEMENT INSTRUCTIONS Exhibit 10.39 JOINT DISBURSEMENT INSTRUCTIONS FOR CLOSING: SEPTEMBER 15, 2005 The undersigned do hereby: 1. Acknowledge the acceptance of subscriptions from purchasers representing gross proceeds of $1,150,000 from the sale of Convertible Debentures of STARTECH ENVIRONMENTAL CORPORATION, a Colorado corporation (the "Company"). 2. Represent that all conditions precedent to closing of the Company's offering of Convertible Debentures have been satisfied or deferred; and direct that David Gonzalez, Esq. disburse the gross proceeds of the offering as the joint direction of the undersigned as follows: To be disbursed via wire transfer in immediately available U.S. funds, payable to the following parties: Gross Proceeds $ 1,150,000 Less Fees: To Yorkville Advisors Management Commitment Fee (10% of Gross Proceeds) $ (115,000) Structuring Fees (SEDA) $ (20,000) Structuring Fees (CD) $ (10,000) Net Proceeds to the Company $ 1,005,000 ------------- STARTECH ENVIRONMENTAL CORNELL CAPITAL PARTNERS, LP CORPORATION By: Yorkville Advisors, LLC Its: General Partner By: /s/ Peter J. Scanlon By: /s/ Mark Angelo -------------------- --------------- Name: Peter J. Scanlon Name: Mark Angelo Its: CFO Its: Portfolio Manager