AMENDMENT TO ENGAGEMENT LETTER DATED APRIL 5, 2006 BY AND BETWEEN EKN AND WENTWORTH ENERGY, INC.
![[exhibit108001.jpg]](https://www.sec.gov/Archives/edgar/data/1138932/000114090506000116/exhibit108001.jpg)
Exhibit 10.9
June 30, 2006
AMENDMENT TO ENGAGEMENT LETTER DATED APRIL 5, 2006 BY AND BETWEEN EKN AND WENTWORTH ENERGY, INC.
This letter amends and terminates the existing letter agreement referenced above by amending the following sections:
Section 3 Compensation paragraph (a), Cash Fee for Equity, the first sentence is hereby replaced by the following sentenc:
WNWG shall pay EKN a cash placement fee equal to three and one half per cent (3.5%) of the aggregate proceeds received by the Company in connection with a Financing.
Section 3 Compensation paragraph (b) Placement Agent Warrants for Equity, the first sentence is hereby replaced with the following sentence:
On the closing date of a Financing on which aggregate consideration is due to be paid or become payable to the Company for its Securities, WNWG shall issue to EKN or its permitted assigns warrants (the “Warrants”) to purchase such number of shares of the common stock of the Company equal to two and one half per cent (2.5%) of the aggregate number of shares or Securitites (or into which they may be converted) of the Company issued and issuable by the Company under and in connection with a Financing, on terms equal to the warrant price granted to the investors.
At the time of a closing of a financing with a party previously introduced to WNWG by EKN, the above referenced Engagement Agreement dated April 5, 2006, and all of its sections, shall be terminated and all terms and conditions shall become null and void upon delivery of all fees as amended above.
Upon signature of this agreement and completion of the financing referenced above, WNWG and EKN shall each have no liability to the other party and each party shall hold the other party harmless and indemnify the other.
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MEMBER NASD web: ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ MEMBER SIPC
Agreed to and Accepted on this 30th day of June, 2006
EKN Financial Services, Inc.
By: /s/ ▇▇▇▇ ▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇. ▇'▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇
Name: ▇▇▇▇ ▇. ▇’▇▇▇▇▇
Title: CEO and Chairman
Title: Managing Director
▇▇▇▇▇▇▇ MANAGEMENT
By: /s/ Cem Hacioglu
Name: Cem Hacioglu
WORLDWIDE HEADQUARTERS: ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ • tell: ▇▇▇ ▇▇▇-▇▇▇▇ ▇▇▇ ▇▇▇-▇▇▇▇ fax: ▇▇▇ ▇▇▇-▇▇▇▇
NEW YORK CITY: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ - ▇▇▇ ▇▇▇▇▇ • ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ • tel: ▇▇▇ ▇▇▇ ▇▇▇▇ fax: ▇▇▇ ▇▇▇-▇▇▇▇
MEMBER NASD web: ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ MEMBER SIPC