Document:

pyhh_ex107.htm

EXHIBIT 10.7

 

		
Wyoming Secretary of State

State Capitol Building, Room 110

200 West 24th Street

Cheyenne. WY 82002-0020

Ph 307.777.7311

Fax 307.777.5339

Email. business@state.wy us

	For Office Use Only

 

Profit Corporation

Articles of Incorporation

 

I. Corporation name:

 

	 	

PHYHEALTH SLEEP CARE COLORADO, INC.

 

2. Name and physical address of its registered agent:

(the registered agent may be an individual resident in Wyoming, a domestic or foreign entity authorized to transact business in Wyoming, having a business office identical with such registered office. The registered agent must have a physical address in Wyoming. A Post Office Box or Drop Box is not acceptable. If the registered office includes a suite number, it must be included in the registered cyfice address.)

 

	
CT CORPORATION SYSTEMS 1720 

CAREY AVENUE, SUITE 200

CHEYENNE, WY 82001

 

3. Mailin2 address of the corporation:

 

	
700 S. ROYAL POINCIANA BLVD, SUITE 506 

MIAMI, FL 33166

 

4. Principal office address:

 

	
700 S. ROYAL POINCIANA BLVD, SUITE 506 

MIAMI, FL 33166

 

5.Number and class of share the corporation will have the authority to issue:

 

	 	
COMMON 1,000 

 

6. Incorporators (list names and addresses of each incorporator):

 

	
ROBERT TRINKA

700 S. ROYAL POINCIANA BLVD, SUITE 506 MIAMI. FL 33166

 

P-Articleslncorporation - Revised 07/17/2009

 

  

1

  

 

7. Execution (all in orporators must si

 

	 	 	  
	 	 	 	 
	 	 Signature:		 	 
	 	 	Date:  	

02/03/2012

	 	 	 	 	
(mm/dd/yyyy)

	 	Print Name:	ROBERT TRINKA	  	
 

	 	  	  	  	  
	 	Signature:	 	Date:  	 
	 	 	 	 	(mm/dd/yyyy)
	 	Print Name:	  	 	  
	 	 	  	  	

 

	 	  	  	  	  
	 	
Signature:

	  	Date:  	  
	 	 	 	 	(mm/dd/yyyy)
	 	Print Name:	  	 	  

 

 

	
Contact Person:

	
FIDEL RODRIGUEZ

	 

 

	
Daytime Phone Number:

	
(305) 779-1761

	
Email:

	
frodriguez@phyhealth.com

	 

 

	Checklist	 
	þ	Filing Fee: $100.00 Make check or money order payable to Wyoming Secretary of State.
	þ	The Articles must be in compliance with Wyoming Statutes 17-16-120 and 17-16-202.
	þ	The Articles must be accompanied by a written consent to appointment executed by the registered agent.
	þ	For consistency the Secretary of State's Office will only keep one version of the agent's name on file. 
	þ	Please submit one originally signed document and one exact photocopy of the filing
	þ	Please review form prior to submitting to the Secretary of State to ensure all areas have been completed to avoid a delay in the processing of your documents.

 

Other Requirements:

 

	
·

	
An annual report will be due annually on the first day of the anniversary month of formation. If not paid within sixty (60) days from the due date, the entity will be subject to dissolution/revocation.

 

P-Articleslncorporation - Revised 07/17/2009

  

2

  

 

		 	 	
Wyoming Secretary of State 

State Capitol Building Room 110

 200 West 24'n Street

 Cheyenne,  WY 82002-0020 

Ph. 307.777.7311

Fax 307.777.5339 

Email: business@state.wy.us

	 	 

 

Consent to Appointment by Registered Agent

 

	I, 	
CT CORPORATION SYSTEMS

	
,  registered office located at

	
(name of registered agent)

	  
	 	 
	 	
1720 CAREY AVENUE, SUITE 200 CHEYENNE, WY 82001

	
voluntarily consent to serve

	 

 

* (registered tiffice pliy.Nical address, city, state & zip)

 

	
as the registered agent for

	
 PHYHEALTH SLEEP CARE COLORADO, INC.

	 
	  	
(name of business entity)

	 

 

I hereby certify that I am in compliance with the requirements of W.S. 17-28-101 through W.S. 17-28-1 l 1.

 

	 		Date:	2-2-12	 
	Signature	 	
(mm/dd/yyyy)

	 
	 	(Shall be executed by the registered agent.)	 	 	 
	 	 	 	 	 
	Print Name: 	
 Barbara A Burke

 Special Assistant Secretary

	Daytime Phone:	954- 473 -5503	 
	 	 	 	 
	 	 	 	 	 
	
Title:

	 	Email:  	 

 

	
Registered Agent Mailing Address

 (if different than above):

	 	 

 

  

3

  

 

*If this is a new address, complete the following:

 

	
Previous Registered Office(s):

	 	 

 

1 hereby certify that:

 

	
·

	
After the changes are made, the street address of my registered office and business office will be identical.

 

	
·

	
This change affects every entity served by me and I have notified each entity of the registered office change.

 

	
·

	
I certify that the above infomiation is correct and I am in compliance with the requirements of W.S. 17-28-101 through W.S. 17-28-111.

 

	Signature:	 	Date:  	 	 
	 	(Shall he executed by the registered agent.)	 	
(mm/dd/yyyy)

	 
	 	 	 	 	 

 

	Checklist
	þ	Submit one originally signed consent to appointment and one exact photocopy.

 

RAConsent — Revised 10/21/2009

 

 

 4pyhh_ex108.htm

EXHIBIT 10.8

 

THIS CONVERTIBLE DEBENTURE AND THE SHARES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. AS AMENDED (THE -ACT). OR ANY STATE SECURITIES LAWS AND NEITHER THIS DEBENTURE SUCH SHARES. NOR ANY INTEREST THEREIN MAY BE OFFERED. SOLD PLEDGED. ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE ACT. AND ANY APPLICABLE STATE SECURITIES LAWS. OR (2) THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF THIS DEBENTURE OR SUCH SHARES. WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT THIS DEBENTURE OR SUCH SHARES MAY BE OFFERED. SOLD PLEDGED. ASSIGNED OR TRANSFERRED IN THE MANNER CONTEMPLATED, WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS

 

Phyhealth Corporation

	Dated August 09, 2011 	$100.000.00

12% Debenture Convertible to Common Stock Due: 

November 9, 2011

 

Phyhealth Corporation, a Delaware corporation (hereinafter called the Company"), for value received, the commitment to make the advance for the above sum, in tranches, having been made as of the date hereof, hereby promises to pay to Robert Trinka. with an address of 700 S Royal Poinciana Boulevard. Suite 506. Miami, FL 33166. on November 9 2011, or any successor registered holder (the "Holder"). the sum of One Hundred Thousand Dollars and 00/100ths ($100,000.00) and to pay interest on said sum from the date hereof until said sum shall be paid. at the rate of 12 percentum (12%) per annum. payable on maturity date or date of conversion, plus 250,000 shares of the Company's common stock. The Company has a right to repay the Note prior to maturity by giving the Holder a Ten (10) day notice in writing and pay the accrued interest to date. Both the principal and interest of this Debenture shall be payable to holder at the office or agency of the Company in the Town of Miami. Florida, or at the option of the Holder, at the office or agency of Holder Payment of interest shall be payable without deduction for or on account of any income tax. Payee shall be the initial "Registered Holder" and upon written assignment by payee. assignees may be enrolled as "Registered Holder on the Books of the Company

 

Issuance. This Debenture represents one Debenture (the -Debenture") issued by the Company, with a total value of $100.000_00, issued by the Company to the original Holder hereof

 

2.            Redemption This Debenture may be redeemed in whole or in part at the option of the Company at the office or agency of the Company in the Town of Miami, Florida, at any time and from time to time prior to maturity by the payment of the principal of and accrued and unpaid interest on, the Stock In case it desires to redeem any portion of said Debenture, the Company shall notify the Registered Holder in writing, certified mail, return receipt requested ten (10) days prior to redemption. If notice shall be given as aforesaid, the amount required to effect the redemption on such redemption date of the Stocks specified in such notice shall on such date become due and payable on such Debenture. and if on or before such redemption date the Company shall deposit with its transfer agent, for the purpose of effecting such redemption. a sum in cash sufficient to redeem the Stocks so called for redemption, then from and after such date no further interest shall accrue or be paid on the Stocks so called. anything in said Debenture appertaining thereto to the contrary notwithstanding.

 

3            Default. Upon the occurrence of any one or more of the Events of Default set forth below and subject solely to the Company's actual cure of the default within thirty (30) business days of receipt of written notice thereof the Holder at its option and in its sole discretion, may declare the unpaid Principal and accrued interest immediately due and payable as completely as if said aggregate sum was originally agreed to be paid at such time The declaration of a default shall be without demand for payment, which is hereby expressly waived by the Company. In addition. upon the occurrence of any one or more of such Events of Default. the Holder may proceed to enforce payment of the Principal and accrued interest. as accelerated as above provided and any and all other duties, obligations and liabilities contained in the Convertible Debenture Agreement and the Convertible Debenture. The Events of Default are as follows:

 

  

1

  

 

The entire unpaid balance of the Principal and all unpaid accrued interest shall. at the election of the Holder. be and become immediately due and payable upon the occurrence of any of the following events (a "Default Event"):

 

(a)           Any default by the Company in the punctual payment of the principal and accrued interest of the outstanding Convertible Debenture when and as the same shall become due and payable

 

(b)           Any default by the Company or breach by the Company in the performance of any covenant, agreement. warranty. representation or condition contained in this Convertible Debenture.

 

(c)           If the Company shall

      

	
(i)      

	 apply for, or consent to. the appointment of a receiver. trustee. or liquidator of the Company. for all or substantially all assets of the Cornpany;

 

	
(ii)      

	
file or be served with any petition for relief under the Bankruptcy Code or any similar federal or state law or admit in writing its inability to pay its debts as they become due:

 

	
(iii)      

	
make a general assignment to creditors,

 

(d)           If any pleading shall be filed in any court or other forum seeking the adjudication of the Company as a bankrupt or insolvent, the appointment of a receiver trustee. or liquidator of the Company or of all or substantially all of their assets which pleading shall not be dismissed within thirty (30) days.

 

4.           Conversion. In complete satisfaction of the amount owed under this Debenture. the Holder of this Debenture may. at his/her election, have the right to convert this Debenture into (a) a number of shares of the Company's common stock. determined by dividing the principal amount so converted by 80% of the current price of $.35 per share (the "Conversion Price"), adjusted for stock splits. stock dividends or other distributions of the Company's Common Stock on shares of the Company's Common Stock. In the event that payment is not made in full by the due date. then this Debenture is convertible, at the Holder's option. at a 50% discount to the Conversion Price

 

IN WITNESS WHEREOF, Phyhealth Corporation, a Florida corporation, has caused this Debenture to be executed in its name by its president. as of this August 9, 2011

 

	 	Phyhealth Corporation. a Delaware corporation	 
	 	 	 	 
	
 

	
By: 

		 
	 	 	Robert Trinka. Chairman. President & CEO	 

 

 

Agreed and Accepted by

 

 

 

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