Document:

Exhibit 10.1

    Exhibit
      10.1

    

    THE
      SECURITIES REPRESENTED BY THIS PROMISSORY NOTE HAVE NOT BEEN REGISTERED UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE OFFERED,
      SOLD, PLEDGED, HYPOTHECATED, ASSIGNED OR TRANSFERRED EXCEPT (i) PURSUANT TO
      A
      REGISTRATION STATEMENT UNDER THE ACT WHICH HAS BEEN DECLARED EFFECTIVE AND
      IS
      CURRENT WITH RESPECT TO SUCH SECURITIES, OR (ii) PURSUANT TO A SPECIFIC
      EXEMPTION FROM REGISTRATION UNDER THE ACT, BUT, THEN, ONLY UPON THERE HAVING
      FIRST BEEN OBTAINED A WRITTEN OPINION OF COUNSEL TO FINDEX.COM, INC., OR OTHER
      COUNSEL REASONABLY ACCEPTABLE TO FINDEX.COM, INC., THAT THE PROPOSED DISPOSITION
      IS IN COMPLIANCE WITH ALL APPLICABLE PROVISIONS OF THE ACT AS WELL AS ANY
      APPLICABLE “BLUE SKY” OR SIMILAR STATE SECURITIES LAW.

     

    FINDEX.COM,
      INC.

     

    PROMISSORY
      NOTE

    April
      7, 2006

    USD$336,000                                                                                                                                                                                                                                                                                                                                                                 Omaha,
      Nebraska

    

    FOR
      VALUE RECEIVED, Findex.com,
      Inc., a
      Nevada
      corporation, having its principal place of business located at 11204 Davenport
      Street, Suite 100, Omaha, Nebraska 68154 (the “Company”), hereby promises to pay
      to Barron Partners, LP, at 730 Fifth Avenue, 9th Floor, New York New York 10019
      (the “Original Holder”), or registered assigns (each, a “Subsequent Holder”,
      and, together with the Original Holder, a “Holder” or the “Holders”) in
      immediately available funds and subject to the terms hereof, the principal
      sum
      of three hundred and thirty-six thousand U.S. dollars and 00/100
      (USD$336,000.00)(the “Principal Amount”), together with simple interest thereon
      from the date of this promissory note (this “Note”) at the rate of eight percent
      (8%) per annum (calculated on the basis of a 360-day year of 30-day months)
      in
      consecutive monthly payments commencing on May 1, 2006 and continuing thereafter
      until paid in full of (i) ten thousand (USD$10,000) per month for the first
      twelve (12) months, and (ii) twenty thousand (USD$20,000) per month thereafter.
      Any overdue principal shall bear interest at the rate of fifteen percent (15%)
      per annum and shall be payable on demand. 

    

    1. Registered
      Owner.
      The
      Company may consider and treat the person or entity in whose name this Note
      shall be registered as the absolute owner hereof for all purposes whatsoever
      (whether or not this Note shall be overdue) and the Company shall not be
      effected by any notice to the contrary. The registered owner of this Note shall
      have the right to transfer it by assignment and the transferee thereof, upon
      its
      registration as owner of this Note, shall become vested with all the powers
      and
      rights of the transferor. Registration of any new owner shall take place upon
      presentation of this Note to the Company at its principal place of business
      together with an assignment of this Note, duly authenticated. In the case of
      transfers by operation of law, the transferee shall notify the Company of such
      transfer and of its address, and shall submit appropriate evidence regarding
      the
      transfer so that this Note may be registered in the name of the transferee.
      This
      Note is transferable only on the books of the Company by the Holder, in person
      or by attorney, upon the surrender hereof, duly endorsed. Communications sent
      to
      any registered owner shall be effective as against all holders or transferees
      of
      this Note not registered at the time of sending the communication. 

     

    2. Investment
      Intent.
      The
      Holder, by its acceptance of this Note and notwithstanding any lack of signature
      hereto on its part, hereby represents and warrants (i) that this Note is being
      acquired by the Holder for its own account, for investment purposes, and not
      with a view to any distribution thereof, and (ii) that it will not sell, assign,
      mortgage, pledge, hypothecate, transfer or otherwise dispose of this Note unless
      a registration statement under the Act with respect thereto is in effect and
      the
      prospectus included therein meets the requirements of Section 10 of the Act,
      or
      (ii) the Company has received a written opinion of its counsel, or counsel
      reasonably satisfactory to it, that, after an investigation of the relevant
      facts, such counsel is of the opinion that such proposed sale, assignment,
      mortgage, pledge, hypothecation, transfer or disposition does not require
      registration under the Act or applicable “blue sky” or state securities
      laws.

    

    3. Events
      of Default and Remedies.
      

    

    3.1 An
“Event
      of Default” shall be deemed to have occured if:

    

    (i) The
      Company defaults in any payment due under this Note, when and as the same shall
      become due and payable whether at maturity thereof, or by acceleration or
      otherwise, which default shall continue uncured for a period of ten (10) days
      from the date thereof; or

    

    (ii) The
      Company shall file or consent by answer or otherwise to the entry of an order
      for relief or approving a petition for relief, reorganization or arrangement
      or
      any other petition in bankruptcy for liquidation or to take advantage of any
      bankruptcy or insolvency law of any jurisdiction, or shall make an assignment
      for the benefit of its creditors, or shall consent to the appointment of a
      custodian, receiver, trustee or other officer with similar powers of itself
      or
      of any substantial part of its property, or shall be adjudicated a bankrupt
      or
      insolvent, or shall take corporate action for the purpose of any of the
      foregoing, or if a court or governmental authority of competent jurisdiction
      shall enter an order appointing a custodian, receiver, trustee or other officer
      with similar powers with respect to the Company or any substantial part of
      its
      property or an order for relief or approving a petition for relief or
      reorganization or any other petition in bankruptcy or for liquidation or to
      take
      advantage of any bankruptcy or insolvency law, or an order for the dissolution,
      winding up or liquidation of the Company, or if any such petition shall be
      filed
      against the Company and such petition shall not be dismissed within sixty (60)
      days.

    

    3.2 Remedies. In
      case
      an Event of Default (other than an Event of Default resulting from the Company’s
      failure to pay the Principal Amount of, or any interest upon, this Note, when
      the same shall be due and payable in accordance with the terms hereof [after
      giving affect to applicable “cure” provisions herein] and an Event of Default
      resulting from bankruptcy, insolvency or reorganization) shall occur and be
      continuing, the Holder may declare by notice in writing to the Company all
      unpaid principal and accrued interest on the Note then outstanding to be due
      and
      payable immediately. In case an Event of Default resulting from the Company’s
      non--payment of principal or interest upon this Note shall occur, the Holder
      may
      declare all unpaid principal and accrued interest on this Note to be due and
      payable immediately. In case an Event of Default resulting from bankruptcy,
      insolvency or reorganization shall occur, all unpaid principal and accrued
      interest on the Note shall be due and payable immediately without any
      declaration or other act on the part of the Holder. Any such acceleration may
      be
      annulled and past defaults (except, unless theretofore cured, a default in
      payment of principal or interest on the Note) may be waived by the
      Holder.

    

    4. Costs
      of Collection.
      Should
      the indebtedness represented by this Note or any part thereof be collected
      in
      any proceeding, or this Note be placed in the hands of attorneys for collection
      following any Event of Default, the Company agrees to pay as an additional
      obligation under this Note, in addition to the principal and interest due and
      payable hereunder, all costs of collecting this Note, including reasonable
      attorneys’ fees.

    

    5. Waiver
      and Amendments.
      This
      Note may be amended, modified, superseded, canceled, renewed or extended, and
      the terms hereof may be waived only by a written instrument signed by the
      Company and the Holder. No delay on the part of any party in exercising any
      right, power or privilege hereunder shall operate as a waiver hereof, nor shall
      any waiver on the part of any party of any right, power or privilege hereunder
      preclude any other or further exercise hereof or the exercise of any other
      right, power or privilege hereunder. The rights and remedies provided herein
      are
      cumulative and are not exclusive of any rights or remedies which any party
      may
      otherwise have at law or in equity.

    

    6. Loss,
      Theft, Destruction or Mutilation of Note. Upon
      receipt by the Company of evidence reasonably satisfactory to the Company of
      the
      loss, theft, destruction or mutilation of this Note, and of indemnity or
      security reasonably satisfactory to the Company, and upon reimbursement to
      the
      Company of all reasonable expenses incidental thereto, and upon surrender and
      cancellation of this Note, if mutilated, the Company will make and deliver
      a new
      note, of like tenor, in lieu of this Note. Any note made and delivered in
      accordance with the provisions of this Section 6 shall be dated as of the date
      hereof.

    

    7. Restrictions
      on Transfer.
      This
      Note may not be sold, assigned, mortgaged, pledged, hypothecated, transferred
      or
      otherwise disposed of except as follows: 

    

    (i) to
      a
      person or entity who, in the opinion of counsel to the Company, is a person
      or
      entity to whom this Note may legally be transferred without registration and
      without the delivery of a current prospectus under the Act with respect thereto,
      and then only against receipt of an agreement of such person to comply with
      the
      provisions hereof with respect to any resale or other disposition of such
      securities; or 

    

    (ii) to
      any
      person upon delivery of a prospectus then meeting the requirements of the Act
      relating to such securities and the offering thereof for such sale or
      disposition, and thereafter to all successive assignees.

    

    8. Notices.
      Any
      notice, demand or request relating to any matter set forth herein shall be
      in
      writing and shall be deemed effective when hand delivered or when mailed,
      postage pre-paid by registered or certified mail, return receipt requested,
      or
      by FedEx or UPS overnight courier, or when sent by telefax transmission to
      either the Company at its address stated above, or to the Holder at its address
      stated above , or such other address as either party shall have notified the
      other in writing in accordance herewith. 

    

    9. Applicable
      Law.
      This
      Note is issued under and shall for all purposes be governed by and construed
      in
      accordance with the laws of the State of Nebraska, without regard to conflict
      of
      laws.

    

    IN
      WITNESS WHEREOF, the Company has caused this Note to be signed on its behalf
      in
      its corporate name, by its duly authorized officer, all as of the date first
      above written.

    

      
        	
                 

              	
                FINDEX.COM,
                  INC. 

              	 
	 	 	
                By:
                  /s/ Steven Malone

              
	 	 	
                Steven
                  Malone

              
	 	 	
                President
                  & Chief Executive
                  OfficerExhibit 4(a)

    
      

      

    

    

    NONEXCLUSIVE
      INDEPENDENT CONSULTING AGREEMENT

    

    

    THIS
      NONEXCLUSIVE CONSULTING AGREEMENT (“Agreement”)
      is
      made and entered into effective March 20, 2006, by and between Fonix
      Corporation,
      a
      Delaware corporation (“Fonix”),
      and
George
      Schoenberg (“Consultant”).
      Hereinafter either party may be referred to as “Party”
and
      collectively as “Parties.”

    

    RECITALS:

    

    WHEREAS,
      Fonix is a telecommunications and speech technology company, of which the
      primary business activity is presently the (i) marketing and sales of local,
      long distance and Internet telecommunications services in the Southeastern
      United States and (ii) development, marketing, sales and licensing of certain
      proprietary human-computer interface technologies and products. Fonix is seeking
      new marketing and licensing opportunities as well as other significant business
      development opportunities in Europe and Asia; and

    

    WHEREAS,
      Consultant is generally familiar with many of Fonix’s technologies and products,
      and has expertise identifying and making introductions to European and Asian
      companies interested in purchasing, licensing or otherwise acquiring the rights
      to market or use technologies and products of a type offered by Fonix; and
      

    

    WHEREAS,
      Fonix desires that Consultant provide such services in Europe and Asia as
      hereinafter set forth.

    

    AGREEMENT

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements hereinafter
      set forth and other good and valuable consideration, the receipt of which is
      hereby acknowledged, the parties agree as follows:

    

    ARTICLE
      I

    CONSULTING

    

    

    

    1.2            Description.
      Fonix
      hereby retains Consultant to perform, and Consultant hereby agrees to perform,
      consulting services to Fonix as herein provided.

    

    

    1.2            Services
      to be Performed.
      Consultant shall provide bona
      fide
      consulting services to Fonix in connection with Fonix’s efforts to identify and
      enter into appropriate agreements for sales and third-party licensing and
      co-development partners located principally in Europe and Asia. Such services
      shall include, without limitation, (i) consultation regarding strategic
      planning, partnerships and similar alliances; (ii) finding and introducing,
      on a
      best efforts and nonexclusive basis, potential buyers and licensing and
      co-development partners located principally in Europe and Asia; and (iii) to
      the
      extent requested by Fonix, participating in negotiations with such potential
      purchasers and partners. 

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

    1.3            Independent
      Contractor.
      Consultant acknowledges that Consultant’s retention does not confer upon
      Consultant any ownership interest in or personal claim upon any license, right
      or product of Fonix, nor does this Agreement confer any employment right on
      Consultant. Consultant agrees that in performing its duties under this
      Agreement, it shall be operating as an independent contractor as that term
      is
      defined in United States Treasury Department regulations and United States
      Internal Revenue Service rulings and interpretations. Nothing contained herein
      shall in any way constitute any association, partnership, employer/employee
      relationship, or joint venture between the parties hereto, or be construed
      to be
      evidence of the intention of the parties to establish any such relationship.
      Neither party shall have any right, power or authority to make any
      representation nor to assume or create any obligation, whether express or
      implied, on behalf of the other, or to bind the other party in any manner
      whatsoever. Both of the parties agree, respectively, that they shall not hold
      themselves out in any manner that would be contrary to the terms of this Section
      1.3.

    

    1.4            Confidentiality
      and Non-Disclosure.
      Consultant acknowledges that in performance of services under this Agreement,
      it
      may acquire confidential information concerning Fonix technology, know-how,
      product development and marketing plans, business concepts, financial matters
      and other information which are valuable, special and unique assets of Fonix
      (herein “Information”).
      Consultant will not, during or after the term of this Agreement, disclose any
      Information, no matter how acquired, to any person or entity for any reason
      or
      purpose outside of Consultant’s usual business activities as defined hereunder,
      and will not in any manner directly or indirectly aid or be a party to any
      acts,
      the effects of which would tend to divert, diminish or prejudice the technology,
      good will, business or business opportunities of Fonix. In the event of a
      threatened breach of Consultant of the provisions of this paragraph, Fonix
      shall
      be entitled to an injunction restraining Consultant from disclosing any such
      information or from rendering any services to any person or entity to whom
      any
      such information has been disclosed or threatened to be disclosed. Nothing
      herein shall be construed as prohibiting Fonix from pursuing any other remedies
      available to Fonix for actual breach of the provision of this paragraph,
      including the recovery of damages from Consultant.

    

    1.4.1 In
      exchange for Fonix executing this Agreement and agreeing to the retention of
      Consultant’s services by Fonix, Consultant does hereby enter into the covenant
      of confidentiality set forth in this Section 1.4 (the “Confidentiality
      Covenant”)
      and
      acknowledges the adequacy of the consideration to support the Confidentiality
      Covenant.

    

    1.4.2 The
      Confidentiality Covenant shall survive the expiration or termination of this
      Agreement.

    

    ARTICLE
      II

    TERM
      OF
      CONTRACT

    

    2.1  
        Term.
      The
      term of this Agreement shall be from the effective date hereof until July 20,
      2006, except as provided in this Article II below.

    

     

    
      
         

      

      
        Page
          2 of 6

        
          

        

      

      
         

      

    

     

    

    2.2  
        Termination
      for Cause.
      Consultant acknowledges that its engagement under this Agreement may be
      terminated for Cause as set forth herein. For the purpose of this paragraph,
      “Cause”
shall
      mean any of the following:

    

     
      2.2.1  fraud
      or
      misrepresentation;

    

     
      2.2.2  Fonix,
      after consultation with legal counsel of its choice, reasonably has determined
      that a violation of law has taken place or is about to take place in connection
      with this Agreement; or

    

     
      2.2.3  violation
      of a Confidentiality Covenant.,

    

    ARTICLE
      III

    COMPENSATION

    

    3.1  
        Compensation.
      As soon
      as possible after the mutual execution of this Agreement by all Parties, Fonix
      shall issue as compensation for Consultant’s services under this Agreement, Four
      Million (4,000,000) shares of the Company’s common stock, par value $.0001 per
      share (the “Compensation
      Shares”).

    

    3.2     Registration
      of Stock.
      Any
      offer or issuance of the Compensation Shares under this Agreement shall be
      subject to the filing and effectiveness, at or prior to the time this Agreement
      is executed by Fonix, of a registration statement under the U.S. Securities
      Act
      of 1933, as amended, on Form S-8, covering the Compensation Shares.

    

    3.3   Expenses.
      Consultant shall be responsible for the payment of any expenses incurred by
      Consultant in the providing of services hereunder.

    

    ARTICLE
      IV

    REPRESENTATIONS
      AND WARRANTIES

    

    4.1   Representations
      and Warranties of Consultant.
      To
      induce Fonix to enter into this Agreement, Consultant hereby represents and
      warrants as follows:

    

    4.1.1  Disclosure,
      Access to Information.
      Consultant confirms that it has received and thoroughly read and is familiar
      with and understands this Agreement, and that all documents, records, books
      and
      other information pertaining to Consultant’s performance under this Agreement
      requested by Consultant have been made available for inspection and copying
      and
      that there are no additional materials or documents that have been requested
      by
      Consultant that have not been made available by Fonix. Consultant further
      acknowledges that it understands that Fonix is subject to the periodic reporting
      requirements of the U.S. Securities Exchange Act of 1934, as amended (the
“Exchange
      Act”),
      and
      Consultant has reviewed or received copies of any such reports that have been
      requested by it. Without limiting the generality of the foregoing, Consultant
      acknowledges that it has received and has reviewed copies of the following
      reports filed by Fonix:

    

     

     

    
      
         

      

      
        Page
          3 of 6

        
          

        

      

      
         

      

    

    

    

    
      
        	
              	(a)	
                Annual
                  Report on Form 10-K for the fiscal year ended December 31,
                  2005;

              

      

    

    

    
      
        	
              	(b)	
                Quarterly
                  Report on Form 10-Q, for the quarters ended March 31, 2005, June
                  30, 2005
                  and September 30, 2005; and

              

      

    

    

    
      
        	
              	(c)	
                Current
                  Reports on Form 8-K filed during 2005 and up to and including March
                  20,
                  2006.

              

      

    

    

    Consultant
      acknowledges that the statements contained in the above-described Exchange
      Act
      Reports are not purely historical and include forward-looking statements within
      the meaning of Section 27A of the Act and Section 21E of the Exchange Act,
      including statements regarding the Company’s expectations, hopes, intentions or
      strategies regarding the future. Forward looking statements include statements
      regarding future development of Fonix’s telecommunication products and services
      and speech technologies, statements regarding Fonix’s ability to enter into
      appropriate sales, licensing and co-development agreements, and projections
      for
      the timing and amount of revenues to be received from Fonix in connection with
      such agreements. All such forward looking statements are based on information
      available to Fonix on the date hereof, and Fonix assumes no obligation to update
      any such forward looking statements. Fonix’s actual results could differ
      materially from the results predicted in such forward looking statements.

    

    ARTICLE
      V

    MISCELLANEOUS
      PROVISIONS

    

    5.1  Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties and supercedes
      any prior written or oral agreements concerning the subject matter contained
      herein.

    

    5.2  Amendment.
      This
      Agreement may be amended only by the written consent of the
      parties.

    

    5.3  Waiver.
      No
      waiver of any breach or default of this Agreement by either party hereto shall
      be considered to be a waiver of any other breach of default of this
      Agreement.

    

    5.4  Notices.
      Any
      notices pertaining to this Agreement shall be in writing and shall be
      transmitted by personal hand delivery or fax to an officer or director of Fonix
      or to Consultant, or through the facilities of the United States Post Office,
      certified mail, return receipt requested. The addresses set forth below for
      the
      respective parties shall be the places where notices shall be sent, unless
      written notice of a change of address is given.

    

     

     

    
      
         

      

      
        Page
          4 of 6

        
          

        

      

      
         

      

    

     

    

    Fonix:

    

    Fonix
      Corporation

    Attention:
      Roger Dudley

    Executive
      Vice President

    9350
      S.
      150 E., Suite 700

    Salt
      Lake
      City, Utah 84070 

    United
      States of America

    

    

    Consultant:

    

    George
      Schoenberg

    Third
      Floor

    27
      Mortimer Street

    London
      W1T 3BL

    England,
      United Kingdom

    

    Notices
      given by mail shall be deemed to be delivered on the day such notice is
      deposited in the United States mail, postage prepaid.

    

    5.5  Assignment.
      The
      Consultant’s rights and duties pursuant to this Agreement are not assignable
      without the express written agreement of Fonix. Fonix may assign any of its
      rights or obligations hereunder.

    

    5.6  Consultant
      not Exclusive Consultant of Fonix.
      Nothing
      in this Agreement shall restrict or otherwise limit the right of Fonix to engage
      or retain other consultants, either as employees or as independent
      contractors.

    

    5.7  Attorney
      Fees and Costs.
      The
      parties agree that, in the event of any dispute arising under this Agreement,
      the prevailing party in any such dispute shall be entitled to an award of all
      costs and expenses, including without limitation attorneys’ fees and legal
      costs, which may arise from the enforcement of this Agreement, whether such
      enforcement is pursued by filing of a suit or otherwise.

    

    5.8  Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      England and the parties hereto agree to submit to the exclusive jurisdiction
      of
      English courts.

    

    5.9  Counterparts.
      This
      Agreement may be executed in any number of counterparts, each of which when
      so
      executed shall be deemed to be an original, and such counterparts together
      shall
      constitute one and the same instrument.

    

    

     

    
      
         

      

      
        Page
          5 of 6

        
          

        

      

      
         

      

    

     

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      day
      and year first above written.

    

    
      	 	
              FONIX:

            
	 	 	 
	 	
              FONIX
                CORPORATION

            
	 	 	 
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Thomas A.
                Murdock                                 
                

            
	 	 	
              Thomas
                A. Murdock

            
	 	 	
              CEO,
                President, Chairman

            
	 	 	 
	 	 	 
	 	
              CONSULTANT:

            
	 	 	 
	 	
              George
                Schoenberg

            
	 	 	 
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                George Schoenberg

            

    

    

    

    

    

    

    
 

     

     

     

     

     

     

     

     

     

     

     

     

     

     Page 6
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