Exergonix, Inc. terminated its relationship with Global Power Pte. Ltd d/b/a PowerOnXpress (“GP”), Nigel Sandor Allan, Bjorn Thomas and Jarle Thorsen on May 9, 2017 as a result of GP’s multiple breaches of its agreement with Exergonix. Despite numerous written and telephone requests for information about GP’s financial health and its fiduciary compliance as represented to members of the PowerOn network by Messrs. Allan, Thomas and Thorsen, they failed to provide any details as required under the agreement. This was despite the fact that GP prepared materials for Don Nissanka, as the CEO of Exergonix, to present to members that indicated GP had agreed that Exergonix would monitor GP’s fiduciary compliance pursuant to an agreement between Exergonix and GP.

Messrs. Allan, Thomas and Thorsen’s repeated refusal to provide any information to Exergonix about the financial health or legal compliance of GP — as they had contractually agreed to do — left Exergonix with no other choice but to terminate the relationship with GP and Messrs. Allan, Thomas and Thorsen because there was no way for Exergonix to determine whether GP was compliant with its financial and fiduciary obligations.

Since the termination, we have become aware of allegations that Exergonix ended its relationship with GP with no warning and without explanation, and we have become aware of GP communications to its members making those allegations. In multiple written communications, Exergonix gave GP and Messrs. Allan, Thomas and Thorsen months to disclose information about how they were spending members’ money and to demonstrate operations of the company were legal. Exergonix explained this failure as the reason for termination in the May 9 termination letter.

We are aware of numerous false statements that the leadership of GP have made about Exergonix. To be clear: GP never loaned any money nor made any investment in Exergonix. Neither Exergonix nor Don Nissanka have received a single dollar from GP other than reimbursement for direct expenses incurred in support of GP operations.

Exergonix, Inc. terminated its relationship with Global Power Pte. Ltd d/b/a PowerOnXpress (“GP”), Nigel Sandor Allan, Bjorn Thomas and Jarle Thorsen on May 9, 2017 as a result of GP’s multiple breaches of its agreement with Exergonix. Despite numerous written and telephone requests for information about GP’s financial health and its fiduciary compliance as represented to members of the PowerOn network by Messrs. Allan, Thomas and Thorsen, they failed to provide any details as required under the agreement. This was despite the fact that GP prepared materials for Don Nissanka, as the CEO of Exergonix, to present to members that indicated GP had agreed that Exergonix would monitor GP’s fiduciary compliance pursuant to an agreement between Exergonix and GP.

Messrs. Allan, Thomas and Thorsen’s repeated refusal to provide any information to Exergonix about the financial health or legal compliance of GP — as they had contractually agreed to do — left Exergonix with no other choice but to terminate the relationship with GP and Messrs. Allan, Thomas and Thorsen because there was no way for Exergonix to determine whether GP was compliant with its financial and fiduciary obligations.
Since the termination, we have become aware of allegations that Exergonix ended its relationship with GP with no warning and without explanation, and we have become aware of GP communications to its members making those allegations. In multiple written communications, Exergonix gave GP and Messrs. Allan, Thomas and Thorsen months to disclose information about how they were spending members’ money and to demonstrate operations of the company were legal. Exergonix explained this failure as the reason for termination in the May 9 termination letter.

We are aware of numerous false statements that the leadership of GP have made about Exergonix. To be clear: GP never loaned any money nor made any investment in Exergonix. Neither Exergonix nor Don Nissanka have received a single dollar from GP other than reimbursement for direct expenses incurred in support of GP operations.