Document:

Fee Agreement between the Company and Pierre Besuchet

 Exhibit 10.1 

 

 

 Fee Agreement 

THIS AGREEMENT is made this 20th day of May 2010 by and between Mr. Pierre Besuchet with a principal place of business at
                     (“Besuchet”)http://www.1shoppingcart.com/app/aftrack.asp?afid=29619 and FNDS3000 Corp., a Delaware
corporation, with its principal place of business at 4651 Salisbury Road, Suite #485, Jacksonville, Florida 32256 (the “Company”). 

WHEREAS, the Company has informed Besuchet that it is interested in seeking funding; 

WHEREAS, Besuchet has informed the Company that it will introduce an investor that is willing to invest $1,000,000 for 5,714,289 shares of common
stock; a common stock purchase warrant for 5,714,289 shares of common stock at an exercise price of $0.175 per share; and a second common stock purchase warrant for 4,000,000 shares of common stock at $.25 per share per the conditions of the
attached Term Sheet and Subscription Agreement (the “Financing”); 
 WHEREAS, the Company and Besuchet (collectively, the
“Parties”) wish to enter into this Agreement to outline their business relationship and the compensation that Besuchet shall earn in connection with the Financing; 

NOW, THEREFORE, in consideration of the mutual promises set forth in this Agreement, the Parties agree as follows: 

Upon closing of the Financing, Besuchet shall receive fifty thousand United States Dollars ($50,000) (the “Cash Fee”) and a common stock
purchase warrant to acquire one million (1,000,000) shares of common stock exercisable for cash for a period of three years with an exercise price of $0.20 per share (the “Warrant Fee and together with the Cash fee the “Fee”).In
order to induce the Company to enter into this agreement, Besuchet hereby represents and warrants to the Company as follows: 
  

	 	i.	Status. Besuchet is not now nor has Besuchet ever (i) been registered as a broker-dealer under the Securities Exchange Act 1934, as amended (“Exchange
Act”); or (ii) served as a registered representative or consultant for any broker-dealer registered under the Exchange Act. In addition, during the past two (2) years, Besuchet has not been engaged as a consultant on behalf of any
issuer of securities or any broker-dealer in connection with the sale of securities of any person and does not regularly engage in such activity. 

  

	 	ii.	No General Solicitation. Besuchet shall not engage in any advertising, publish in any newspaper magazine or similar media or broadcast over television, radio or
the Internet, any communication for the purpose of soliciting persons who may be interested in investing in the Company or otherwise engage in any general solicitation, as that term is defined in the Securities Act, and the rules and regulations
prorogated thereunder, regarding an investment in the Company. 

  

 4651 Salisbury Road, Suite #485 

Jacksonville, FL 32256 

Phone 904-273-2702 • Fax 904-273-7231 • www.FNDS3000.com 

 

 

  
 Further, the Cash Fee shall be payable
immediately upon receipt of the full investment amount as indicated above. Funds are to be wired as per Besuchet’s instructions. 
 This
Agreement shall be binding upon the P arties. This Agreement may be changed only by the written consent of Parties. This Agreement is the entire agreement between the Parties. Should any legal proceeding be necessary to construe or enforce the
provisions of this Agreement, then the prevailing party in such legal action shall be entitled to recover all court costs, reasonable attorney fees and costs of enforcing or collecting any judgment awarded. The judgment by any court of law that a
particular section of this Agreement is illegal shall not affect the validity of the remaining provisions. 
 This agreement and any dispute
under this agreement shall be construed and decided under the laws of the State of Florida. 
 The signatures of the parties below shall bind
them to the terms and conditions of this Agreement. 
  

			
	FNDS3000 CORP
	
	 /s/ John Hancock

	By: John Hancock
	Title: CEO
	
	 /s/ Pierre Besuchet

	By: Pierre Besuchet

  

 4651 Salisbury Road, Suite #485 

Jacksonville, FL 32256 

Phone 904-273-2702 • Fax 904-273-7231 • www.FNDS3000.comForm of Vogt Senior Note.

 Exhibit 4.1 

10% SENIOR PROMISSORY NOTE 

$68,475.00 

COMPREHENSIVE CARE CORPORATION 

promises to pay to the order of the Linda S. Vogt Indenture Trust, the principal sum of $68,475.00 (Sixty-Eight Thousand Four Hundred Seventy-Five
Dollars and No Cents) on April 15, 2012 in accordance with the terms and provisions attached hereto and incorporated herein. 

10% SENIOR PROMISSORY NOTE 

DUE APRIL 15, 2012 

Interest Payment Dates: April 15 and October 15 

 

			
	 Dated: June     , 2010

	
	 COMPREHENSIVE CARE CORPORATION

		
	 By
	 	  

		 	     Mr. Giuseppe Crisafi

    Chief Financial Officer

    Comprehensive Care Corporation

(Seal) 

 COMPREHENSIVE CARE CORPORATION 

10% Senior Note 

Due April 15, 2012 

1. Interest. Comprehensive Care Corporation, a Delaware corporation (the “Company”), promises to pay interest on the
principal amount of this Senior Note (the “Note”) at the rate per annum shown above. The Company will pay interest semiannually on April 15 and October 15 of each year, commencing October 15, 2010. Interest on the Note will
accrue from the most recent date to which interest has been paid or, if no interest has been paid, from April 15, 2010. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Company will pay principal and interest in money of the United States that at the time of payment is
legal tender for payment of public and private debts. The Company shall make payment to the Holder of the Note at the Holder’s address as set forth herein (or such other address as provided to the Company in accordance with Section 12
below). 
 4. Optional Prepayment. The Company may prepay all or any part of the Note at any time or from time to time by
paying to the Holder cash equal to the face amount to be redeemed, plus accrued interest thereon. The Company shall make payment for any optional prepayment within five (5) days following the expiration of thirty (30) days from delivery by
the Company to the Holder of written notice of the Company’s intent to make such prepayment. 
 5. Notice of
Prepayment. Notice of prepayment will be mailed at least 30 days before the prepayment date to the Holder at the registered address of such holder as set forth herein. 

8. Amendments and Waivers. This Note may not be amended or modified without the written consent of the Holder and the Company.

 9. Defaults and Remedies. An Event of Default shall mean: (i) a default for 30 days or more in
payment of interest on the Note, (ii) a default in payment of principal on the Note, (iii) failure by the Company for 30 days after notice to it to comply with any of its other obligations under this Note, including the agreements set
forth on Annex A attached hereto, (iv) the Company shall file for relief under any chapter of the U. S. Bankruptcy Code, (v) any involuntary petition under the U. S. Bankruptcy Code shall be filed against the Company, (vi) any
material proceeding, procedure or remedy supplementary to or in enforcement of judgment shall be resorted to or commenced against the Company, or with respect to any of its property which is not discharged, stayed or bonded within 30 days,,
(vii) any governmental authority or any court at the insistence thereof shall take possession of any substantial part of the property of or assume control over the affairs or operations of, or a receiver shall be appointed for or take
possession of the property of, or a writ or order of attachment or garnishment shall be issued or made against any of the property of the Company, (viii) the Company shall be dissolved, wound up, liquidated or otherwise terminated without the
written consent of Holder or (ix) the Company shall transfer or sell substantially all or an integral portion of its assets without the written consent of Holder. If an Event of Default occurs and is continuing, the Holder may declare this Note
to be due and payable immediately, except that in the case of an Event of Default arising under clauses (iv), (v) or (vi) above this Note shall become due and payable immediately without further action or notice. 

 10. Reimbursement of Costs. The Company agrees to reimburse Holder for all costs and
expenses (including Holder’s reasonable attorneys’ fees) incurred by Holder in collecting any amounts due to Holder pursuant to this Note or otherwise enforcing Holder’s rights or the Company’s obligations under this Note.

 11. Usury. It is the intention of the Company and Holder to conform strictly to applicable usury laws. Accordingly, if
the transactions contemplated hereby would be usurious under applicable law, then, in that event, notwithstanding anything to the contrary in any agreement entered into in connection with or as security for this note, it is agreed as follows:
(i) the aggregate of all consideration which constitutes interest under applicable law that is taken, reserved, contracted for, charged or received under this note or under any of the other aforesaid agreements or otherwise in connection with
this note shall under no circumstances exceed the maximum amount of interest allowed by applicable law, and any excess shall be credited on this note by the holder hereof (or, if this note shall have been paid in full, refunded to the Company);
(ii) determination of the rate of interest for determining whether the loans hereunder are usurious shall be made by amortizing, prorating, allocating and spreading, during the full stated term of such loans, all interest at any time contracted
for, charged or received from the Company in connection with such loans, and any excess shall be cancelled, credited or refunded as set forth in item (i) herein; and (iii) in the event that maturity of this note is accelerated by reason of
an election by the holder hereof resulting from any default hereunder or otherwise, or in the event of any required or permitted prepayment, then such consideration that constitutes interest may never include more than the maximum amount allowed by
applicable law, and excess interest, if any, provided for in this note or otherwise shall be cancelled automatically as of the date of such acceleration or prepayment and, if theretofore prepaid, shall be credited on this note (or if this note shall
have been paid in full, refunded to the Company). 
 12. Notices. Notices and other communications provided for herein
shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax, as follows: 

if to the Company, at: 

3405 W. Dr. Martin Luther King Jr. Blvd., Suite 101, Tampa, FL 33607 

if to the Holder, at
                                         
   . 
 All such notices and other communications (i) sent by hand or overnight courier service, or mailed by certified
or registered mail, shall be deemed to have been given when received or (ii) sent by fax shall be deemed to have been given when sent and when receipt has been confirmed by telephone; provided that if not given during normal business hours for
the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient. The Company or the Holder may change its address or fax number for notices and other communications hereunder by notice to the
other party in accordance with the provisions hereof. 

 Annex A 

Covenants of the Company 
  

	1.	Payment of the Notes 

 The Company shall
pay the principal of and interest on the Notes on the dates and in the manner provided in the Note. The Company shall pay interest on overdue principal at the rate borne by the Notes; it shall pay interest on overdue installments of interest at the
same rate to the extent lawful. 
  

	2.	Compliance Certificate 

 The Company shall
deliver to the Noteholders, within 120 days after the end of each fiscal year of the Company, an Officers’ Certificate stating whether or not the signers know of any default that occurred during the fiscal year. If they do, the certificate
shall describe the default and its status. 
 The Company will, so long as the Notes are outstanding, deliver to the Noteholders, forthwith upon
becoming aware of any default, Event of Default or default in the performance of any covenant, agreement or condition in this Note, an Officers’ Certificate specifying such default, Event of Default or default in performance. 

 

	3.	Continued Existence 

 Subject to
Section 4, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its existence as a corporation. 
  

	4.	When Company May Merge, etc. 

 The Company
shall not consolidate or merge into, or transfer or lease all or substantially all of its assets to, any person unless: 
  

	 	a.	the person is a corporation organized and existing under the laws of the United States, any state thereof or the District of Columbia; 

 

	 	b.	the person assumes all obligations of the Company under the Note; and 

  

	 	c.	immediately after the transaction no default or Event of Default exists. 

The surviving corporation shall be the successor Company, but the predecessor Company in the case of a transfer or lease shall not be released from the
obligation to pay the principal of and interest on the Notes.

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