Document:

WWW.EXFILE.COM, INC. -- 888-775-4789 -- PERFORMANCE HEALTH TECHNOLOGIES, INC. -- EXHIBIT 10.122 TO FORM 10-KSB

    EXHIBIT
10.122

    

    Robert
Prunetti, President & CEO

    Performance
Health Technologies, Inc.

    427 River
View Plaza

    Trenton,
NJ  08611

    

    January
24, 2008

    

    

    Dawson
James Securities, Inc.

    925 South
Federal Highway

    6th
Floor

    Boca
Raton, FL 33432

    

    Re:  Selling Agreement (the
“Agreement”)

    

    Dear Mr.
Keyser:

    

    PERFORMANCE
HEALTH TECHNOLOGIES, INC.., a Delaware corporation (the “Seller”), proposes to
offer and sell (the “Offering”), to selected investors, upon the terms set forth
herein and in the Subscription Agreement  and the Confidential Private
Placement Memorandum (which collectively, together with the attachments and
exhibits thereto, is referred to as the “Offering Document”), a copy of which
has been delivered to you, up to $2,500,000 worth of units (the “Units”), each
unit is $1,000 and with terms described in Exhibit A.  Dawson James
Securities, Inc. (the “Selling Agent”) agrees to offer and sell the Offered
Securities on a non-exclusive “best efforts” basis during the offering period
described in the Offering Document (the “Offering Period”). Capitalized terms
used and not otherwise defined herein shall have the respective meanings set
forth in the Offering Document.  It is intended that the offer, offer
for sale and sale of the Offered Securities will be made only to “accredited
investors” (as such term is defined in Rule 501(a) of Regulation D of the
Securities Act of 1933, as amended (the “1933 Act”) and will be exempt from the
federal registration requirements of the 1933 Act, pursuant to Regulation D
promulgated under Section 3(b) and/or Section 4(2), respectively, of
the 1933 Act and will qualify for an exemption from registration, if necessary,
under the applicable state securities laws and regulations.

    

    The
Seller hereby confirms its agreement with Selling Agent as follows:

    

    1. Offer and Sale of Offered
Securities by Selling Agent; Compensation; Closing.

    

    1.1 On
the basis of Selling Agent’s representations, covenants and warranties, the
Seller appoints Selling Agent the non-exclusive agent of the Seller for the
period commencing on the date of the completion of the Offering Document and
ending on

    
      
         

      

      
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    May 31,
2008; unless extended by the Seller and Selling Agent by their mutual agreement
for a period not to exceed an additional thirty (30) days (“Offering Termination
Date”), to use Selling Agent’s best efforts to offer and sell, on the terms and
conditions set forth in this Agreement (and the Term Sheet attached hereto as
Exhibit A) and
in the Offering Document, subject only to Selling Agent’s right to engage
participating broker-dealers pursuant to Section 2 hereof.  The
Selling Agent hereby accepts such appointment and agrees pursuant to the terms
and conditions set forth herein and in the Offering Document to use its best
efforts to offer and sell the Offered Securities as agent for the Seller during
the period specified above, and to attempt to find suitable accredited
purchasers for the Offered Securities acceptable to the
Seller.  

    

    1.2 
Prior to
and subject to the closing, subscription proceeds from the sale of the Offered
Securities will be deposited in an escrow account with an escrow agent to be
mutually agreeable to Seller and the Selling Agent (the “Escrow
Agent”).  The Seller will be responsible for setting up the Escrow
Account, pursuant to an escrow agreement among the Seller, the Selling Agent and
the Escrow Agent, which escrow agreement will be approved by the Selling
Agent.  Subscribers will be instructed to make their checks payable to
the Escrow Agent for the benefit of PERFORMANCE HEALTH TECHNOLOGIES, INC., or
shall cause the wire transfer of immediately available funds in favor of the
Escrow Agent for PERFORMANCE HEALTH TECHNOLOGIES, INC., in accordance with
instructions provided by the Selling Agent.  At the end of the
Offering Period (as the same may be extended by the mutual agreement of the
Selling Agent and the Seller), a closing (the “ Closing”) will occur as soon as
possible after subscriptions have been accepted by the Seller and all other
conditions precedent to closing have occurred to the sole satisfaction of the
Selling Agent.

    

    1.3  For purposes hereof, the
Offered Securities shall not be deemed to have been sold unless (x) subscription
agreements, completed and fully executed by subscribers who are accredited
investors have been received covering the Offered Securities and (y) all checks,
drafts and wire transfers submitted by such subscribers in payment of the
purchase price of such Common Stock have been received by the Escrow Agent and
have cleared so that there are “good funds” in the Escrow Account at least equal
to the aggregate purchase price of the Offered Securities.

    

    1.4 As
compensation for the Selling Agent’s services hereunder, the Seller shall pay to
Selling Agent in cash a selling commission (“Commission”) upon the Closing, in
an amount equal to Twelve percent (12%) of the aggregate offering price of the
Offered Securities sold by the Selling Agent or its authorized agent at such
Closing.  At the Closing of the Offering, the Seller shall pay the
Selling Agent its Commission relating to the sale of the Offered Securities that
are subject of the Closing provided that the Seller or counsel for the Seller
has received all documents, including but not limited to, an executed
Subscription Agreement for each investor (“Subscription Documents”) previously
furnished to Selling Agent which the Selling Agent is required to deliver to the
Seller or counsel for the Seller prior to Closing.  All or any portion
of such Commission may be re-allowed to Participating

    
      
         

      

      
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     Broker-Dealers
(as hereinafter defined).  No Offered Securities shall be considered
to have been sold by Selling Agent or any Participating Broker-Dealer selected
by Selling Agent unless the purchaser is acceptable to the Seller, and no
compensation will be payable with respect to any agreement for the purchase of
Offered Securities if the Subscription Agreement therefor is not actually
accepted by the Seller.  Anything in this Agreement to the contrary
notwithstanding, the Seller shall not be required to pay a Commission to Selling
Agent and Selling Agent shall not be entitled to a Commission, pursuant to this
Section 1.4 or any other provision, if to do so would cause the Seller to
violate federal or state securities laws, regulations or rules or any other law
applicable to the Offering.

    

    1.5 
The Seller will pay all of its costs relating to the Offering contemplated
hereby, including, without limitation, audit expenses, issuance costs and taxes,
counsel fees for the preparation of the Offering Documents, filing fees and
disbursements of counsel relating to the qualification of the Offered Securities
under federal securities laws, and legal fees and expenses of counsel in
connection with qualifying the Offered Securities under the state blue sky
laws.  To the extent required by law, the Seller shall qualify the
Offered Securities for offer and sale in those jurisdictions designated by the
Selling Agent and reasonably acceptable to the Seller.  The Seller’s
counsel shall be responsible for state blue sky securities laws compliance by
the Seller.

    

    1.6 
The
Seller shall pay the Selling Agent at each Closing a non-accountable expense
allowance (the “Expense Allowance”) of 3.0% of the aggregate dollar value of the
Offered Securities sold at such Closing.  In addition, the Company
will pay a $100,000 pre-marketing fee to the Agent.  $75,000 of which
will be paid upon the signing of the agreement.  The remaining $25,000
will be paid at the final closing of the Offering.

    

    1.7 
Once the
Offered Securities are sold, or the Offering Period terminates, the agency
between the Seller and the Selling Agent shall terminate.  The Selling
Agent, on the basis of the representations and warranties herein contained, but
subject to the terms and conditions herein set forth, accepts such appointment
as the limited agent of the Seller and agrees to use its best efforts to find
purchasers for the Offered Securities.

    

    1.8 
Upon each
Closing of the sale of the Offered Securities, the Agent shall receive warrants
(“Agent Warrants”) to purchase that number of shares of common stock of the
Company that is equal to 10% of the number of shares of common stock of the
Company issuable upon conversion of all of the Convertible Notes sold on the
Closing date calculated assuming all Convertible Notes sold on such Closing date
are converted into shares of common stock of the Company as of the Closing date
at a purchase price equal to the Conversion Price (as defined in the Term Sheet
attached as Exhibit A hereto) calculated as of such Closing date (the “Warrant
Price”).  The Agent Warrants shall be exercisable at any time during
the five years from the date of Closing at a price equal to the Warrant Price,
shall contain cash-less exercise provisions and shall have the same piggy-back
registration rights as the investors in the Offering.

    
      
         

      

      
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    1.9 
The Closing shall be held at the offices of the Selling Agent, 925 S. Federal
Highway, 6th Floor,
Boca Raton, FL 33432, or in an alternative location and at such time and date as
Selling Agent and the Seller may mutually agree.

    

    1.10 
The holders of the Offered Securities will be provided with Piggy-back
registration rights with respect to the shares of common stock underlying the
Warrants and the common stock.

    

    2.
 Participating
Broker-Dealers.  The Seller hereby authorizes Selling Agent to
engage other qualified broker-dealers (the “Participating Broker-Dealers”) to
assist the Selling Agent in the placement of the Offered Securities; provided
that during all times that each such Participating Broker-Dealer shall offer and
sell the Offered Securities, each such Participating Broker-Dealer shall be
registered as a broker-dealer under the Securities Exchange Act of 1934 (the
“1934 Act”), shall be a member in good standing of the National Association of
Securities Dealers, Inc. (“NASD”), and shall be authorized to offer and sell the
Offered Securities under the laws of the jurisdictions in which the Offered
Securities will be offered and sold by such Participating
Broker-Dealer.  All Participating Broker-Dealers will be required to
execute a Participating Broker-Dealer Agreement, the form of which is subject to
the reasonable approval of the Seller, with Selling Agent containing
substantially the same terms and conditions as this Agreement, including,
without limitation, the representations and warranties contained in
Section 3.2 below and provisions for indemnification of the Seller to the
same extent as your indemnification provided in Section 7
below.  Any commissions, fees, or expenses payable to such
Participating Broker-Dealers will be paid by the Selling Agent and not by the
Seller.

    

    3. 
Representations,
Warranties and Covenants.

    

    3.1 
The Seller represents, warrants and covenants to Selling Agent that, except as
set forth in Schedule 3.1 hereof or in the Offering Document:

    

    (a) 
The Seller and each subsidiary is a corporation duly formed and validly existing
and in good standing under the laws of the jurisdiction of its incorporation as
in effect on the date of this Agreement, with adequate power and authority to
enter into and perform this Agreement and to own its property and to conduct its
business as described in the Offering Document and in Seller’s reports required
to be filed by it with the SEC pursuant to the 1933 Act, the 1934 Act or
otherwise (“SEC Reports”); and the Seller and each subsidiary is duly qualified
as a foreign corporation to transact business and is in good standing in each
jurisdiction in which it owns or leases substantial properties or in which the
conduct of its business requires such qualification except for such
jurisdictions in which the failure to qualify in the aggregate would not have
material and adverse effect on the earnings, affairs or business prospects of
the Seller or any such subsidiary (a “Material Adverse Effect”) and in which
jurisdictions such failure may be cured without such Material Adverse Effects;
the execution and delivery of this Agreement by the Seller has been duly and
validly authorized and will not result in a breach of its Certificate of
Incorporation or By-laws; and when executed and

    
      
         

      

      
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    delivered
by both parties hereto, this Agreement will be a valid and binding obligation of
the Seller, assuming the due execution by the Selling Agent, enforceable in
accordance with its terms (except to the extent that enforceability of the
indemnification provisions may be limited under applicable securities laws and
except as enforcement may be limited by bankruptcy, moratorium or other laws
affecting creditors’ rights or general principles of equity); and the execution
and delivery of this Agreement, the consummation of the transactions herein
contemplated and compliance with the terms of this Agreement by the Seller do
not and will not conflict with or result in a breach of any of the terms or
provisions of, or constitute a default under, any agreement or any applicable
law, rule, regulation, judgment, order or decree of any government, government
instrumentality or court, domestic or foreign, having jurisdiction over the
Seller, to which the Seller is a party or by which it is bound;

    

    (b)
 The Offering Document and the SEC Reports do not contain and will not
contain, at any time between the date hereof and to and including the date of
each Closing, any untrue statement of a material fact and does not omit nor
during such period will omit to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading;

    

    (c)
 Except as is otherwise disclosed in the Offering Document or the SEC
Reports, there is no litigation or governmental proceeding pending or, to the
best of its knowledge, threatened against or involving the property or business
of the Seller or any subsidiary of the Seller that would result in a Material
Adverse Effect;

    

    (d) 
Except as is otherwise disclosed in the Offering Document or the SEC Reports, no
material defaults exist in the due performance and observance of any material
obligation, term, covenant or condition of any agreement or instrument to which
the Seller or any subsidiary is a party or by which they are bound that would
result in a Material Adverse Effect;

    

    (e) 
The offer, offer for sale, and sale of the Offered Securities have not been and
will not be registered with the Securities and Exchange Commission (the “SEC”)
except as contemplated in the Offering Document.  The Company’s
actions with respect to the offer, offer for sale and sale of the Offered
Securities will be pursuant to the exemptions from the registration requirements
of Section 5 of the 1933 Act provided by Section 4(2) thereof and/or
by Regulation D thereunder;

    

    (f) 
To the best of its knowledge and belief, assuming the offer, offer for sale and
sale of the Offered Securities is made in compliance with the terms of the
Offering Document, the applicable filings with the SEC and any applicable Blue
Sky laws, and subject to the performance of the Selling Agent’s obligations
hereunder, the Seller will have complied in all material respects with the 1933
Act and with all state securities laws and regulations applicable to it in
connection with the offer, offer for sale, and sale of the Offered
Securities.  The Seller has not taken and will not take any action in
conflict with the 1933 Act or applicable state or foreign securities or Blue Sky
laws, or which would make the exemption, qualification

    
      
         

      

      
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     or
registration pursuant to applicable federal or state securities or Blue Sky laws
unavailable with respect to the offer, offer for sale and sale of the Offered
Securities.  The Seller and its officers, directors or partners are
not subject to any disqualification, including but not limited to any judgment,
decree, order or decision issued by the SEC, any state or foreign securities
regulatory authority, any court of competent jurisdiction or the United States
Postal Service.  In offering the Offered Securities, the Seller will
comply with all applicable federal, state or foreign securities laws, including
the rules covering exemptions from registration;

    

    (g) 
Subject to the performance of the Selling Agent’s obligations hereunder, the
Offered Securities, upon the payment therefor and issuance thereof, will conform
to all statements and descriptions in relation thereto contained in the Offering
Document and will have the rights set forth in the Seller’s Certificate of
Incorporation;

    

    (h) 
To the best of the Seller’s knowledge, the Seller has neither been engaged in,
nor been the subject of, any of the actions or proceedings specified in
subsection (a) of Rule 262 promulgated under Section 3(b) of the
1933 Act, or any substantially similar provisions under the securities laws of
any state in which the Offered Securities are to be sold, such that no exemption
from registration would be available for the offering of the Offered Securities
by the Seller under applicable federal or state securities laws;

    

    (i) 
Since the respective dates as of which information is given in the SEC Reports,
(i) there has been no material adverse change in the condition, business,
property, capital commitments, working capital and liabilities or prospects of
the Seller or any subsidiary, financial or otherwise; (ii) the property and
business of the Seller materially conform to the descriptions thereof contained
in the SEC Reports; (iii) there have been no material liabilities or obligations
incurred or material transactions entered into by the Seller or any subsidiary
other than those in the ordinary course of business; (iv) there have been no
dividends or distributions of any kind declared, paid or made by the Seller on
its capital stock; (v) there has not been any change in the capital stock, or
any material increase in the current or long-term debt except as disclosed in
the SEC Reports, or any issuance of options, warrants, convertible securities or
other rights to purchase the capital stock of the Seller or any subsidiary; and
(vi) there have been no transactions between the Seller, shareholders owning
five percent (5%) or more of its issued and outstanding capital stock, the
Seller’s officers and/or directors, nor have there been any corporate
opportunities taken or assumed by controlling shareholders, officers or
directors, that are not fully disclosed in the SEC Reports.

    

    (j)
 The Seller will notify the Selling Agent immediately and confirm the
notice in writing (i) of the issuance by the SEC or by any state attorney
general or securities administrator of any order enjoining the sale of the
Offered Securities or suspending the effectiveness of any qualification of the
Offered Securities for sale or (ii) of the initiation of any proceedings for
that purpose.  The Seller will make every reasonable effort to prevent
the issuance of any such order and, if any such order shall at any time be
issued, to obtain the lifting thereof at the earliest possible
moment;

    
      
         

      

      
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    (k) 
The audited and unaudited combined financial statements of the Seller (including
the related notes) included in the SEC Reports present fairly the financial
position of the Seller and its subsidiaries at the dates indicated; said
financial statements have been prepared in conformity with United States
generally accepted accounting principles applied on a consistent basis, except
as expressly qualified therein, and are in conformity with Regulation S-X
promulgated under the Act;

    

    (l) 
Except as set forth in the SEC Reports, the Seller does not have any
subsidiaries and does not own any interest in any other corporation,
partnership, joint venture or other entity;

    

    (m) 
As of the date of this Agreement, the Seller and its subsidiaries have not
agreed, or agreed in principle, to any merger or acquisition, or combination
with, of any other corporation, partnership, person, party, entity or trust or
the sale of its business or assets to any other corporation, partnership,
person, party, entity or trust;

    

    (n) 
The Seller and its subsidiaries have not, directly or indirectly, at any time
during their existence (i) made any unlawful contribution to any candidate for
political office, or failed to disclose fully any contribution in violation of
law, or (ii) made any payment to any federal, state or foreign governmental
officer or official, or other person charged with similar public or quasi-public
duties, other than payments required or permitted by the laws of the United
States or any jurisdiction thereof;

    

    (o) 
To the best of Seller’s knowledge, the Seller and its subsidiaries have filed
all necessary federal, state, local, foreign and other tax returns required to
be filed by them and have paid all taxes shown as due thereon; the Seller and
its subsidiaries have not been notified, either orally or in writing, that any
state, local, federal or foreign taxing authority is conducting or intends to
conduct an audit of any tax return or report filed by the Seller and its
subsidiaries or concerning their business or properties; and the Seller has no
knowledge of any tax deficiency which has been asserted or threatened against
the Seller and any subsidiary which would materially and adversely affect the
business, properties, financial condition, results of operations, liabilities or
working capital of the Seller;

    

    (p) 
The Seller and its subsidiaries make and keep accurate books and records and
maintain internal accounting controls which provide reasonable assurance that
(i) transactions are executed in accordance with management’s authorization,
(ii) transactions are recorded as necessary to permit preparation of its
financial statements and to maintain accountability for its assets, (iii) access
to their assets is permitted only in accordance with management’s authorization,
and (iv) the reported assets are compared with existing assets at reasonable
intervals;

    

    (q) 
There are no pre-emptive rights applicable to any of the Seller’s outstanding
securities, or granted by the Seller to any person or party;

    
      
         

      

      
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    (r) 
The capitalization of the Seller is as described in the SEC Reports and the
Seller has outstanding no more than 53,184,604 shares of its Common Stock as of
the date hereof; all presently outstanding shares of the Seller’s Common Stock
are duly and validly authorized and issued, fully paid and non-assessable and
contain no preemptive rights; the Seller has not contracted for the issuance of
any additional equity securities other than as set forth herein or as
contemplated or described in the Offering Document and no shares of any other
classes of equity securities are issued and outstanding except as follows:
­­­­­­­­­­­­­­­­­outstanding
options to purchase 12,367,333 shares of common stock and outstanding warrants
to purchase 33,186,732 shares of common stock;

    

    (s) 
The
Seller agrees that, for a period of Twelve months (12) months from the date
hereof, it shall not solicit any offer to buy from or offer to sell to any
person introduced to the Seller by the Selling Agent in connection with the
Offering, any securities of the Seller or provide the name of any such person to
any other securities broker or dealer or selling agent.  For purposes
of this subsection, a person shall be considered to have been “introduced to the
Seller” by the Selling Agent only so long as Seller delivers an investment
presentation to such person as part of the “road show” for the Offering as
arranged by the Selling Agent, each of whose name(s) shall be thereafter listed
and set forth on a schedule to this Agreement, which shall be updated from time
to time.  In the event that the Seller or any of its affiliates,
directly or indirectly, solicits, offers to buy from or offers to sell to any
such person any such securities, or provides the name of any such person to any
other securities broker or dealer or selling agent, and such person purchases
such securities or purchases securities of the Seller  from any other
securities broker or dealer or selling agent, the Seller shall pay to the
Selling Agent an amount equal to ten percent (10.0%) of the aggregate purchase
price of the securities so purchased by such person.

    

    (t) 
The
Seller is currently in compliance with (i) all applicable, material provisions
of the Sarbanes-Oxley Act of 2002, and the rules and regulations promulgated
thereunder.  Except to the extent that non-compliance with such
requirements in subsection (i) would not result in a Material Adverse
Effect.

    

    (u) 
All
shares of Common Stock to be issued pursuant to this offer (including shares of
common stock underlying the Warrants) shall be delivered to the investors or the
Selling Agent, as may be applicable, in the form of a physical certificate and
not electronically.

    

    3.2 
The Selling Agent represents and warrants to the Seller as follows:

    

    (a) 
The Selling Agent is, has been and will be at all times during the Offering
Period, a Delaware corporation duly organized and validly existing under the
laws of the state of its incorporation, with all requisite power and authority
to enter into and perform this Agreement; the execution and delivery of this
Agreement by the Selling Agent has been duly and validly authorized; and when
executed and delivered by the Seller, this Agreement will be a valid and binding
obligation of the Selling Agent enforceable in accordance with its

    
      
         

      

      
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    terms
subject to:  (i) due authorization, execution and delivery hereof
by the Seller; (ii) the enforcement of remedies under applicable bankruptcy,
insolvency and other laws affecting creditors’ rights generally and moratorium
laws from time to time in effect; (iii) general equitable principles which may
limit the right to obtain the remedy of specific performance; and (iv) the
public policy limitation on indemnification under the federal securities
laws;

    

    (b) 
The Selling Agent shall not offer or sell the Offered Securities in any state or
states without the approval of the Seller and completion by the Seller of all,
or any, Blue Sky filings for such states and shall not offer or sell the Offered
Securities in any state or states in which it is not qualified or registered as
a broker-dealer or authorized to engage in the brokerage business;
and

    

    (c) 
The Selling Agent is (i) a broker-dealer registered with the SEC pursuant to the
1934 Act, and no proceeding has been initiated to revoke such registration; (ii)
a member in good standing of the NASD; and (iii) a broker-dealer registered with
the securities authorities of each jurisdiction in which it is required to be
registered in connection with the offers or sales of the Offered Securities, and
all such offers or sales will be made only by individuals licensed as required
by all applicable federal and state securities laws.  The Selling
Agent agrees to maintain each of the foregoing memberships and registrations in
good standing throughout the Offering Period.

    

    4. 
Sale and Delivery of
Offered Securities.

    

    4.1 
No sale of Offered Securities shall take place or be regarded as effective
unless and until accepted by the Seller, such acceptance to occur at Closing,
and the Seller reserves the right in its sole and absolute discretion to refuse
to sell Offered Securities to any or all persons at any time.  Selling
Agent shall send to the Seller and to the Escrow Agent designated in Section
1.2, with copies to counsel for the Seller, all acceptable executed Subscription
Documents, promptly upon receipt of the same, subject to any reasonable delay
occasioned by further inquiry as to a prospective purchaser’s qualification or
requests by the Seller or Selling Agent for further information from a
prospective purchaser.  The Seller shall notify Selling Agent as to
whom to send the originals of such executed Subscription Documents and to whom
to send copies.  Selling Agent shall promptly send each such
prospective purchaser’s payment for his Offered Securities to the Escrow
Agent.  Subject to review by counsel for the Seller, the Seller shall
notify Selling Agent whether such prospective purchaser will be accepted by the
Seller at Closing within ten (10) business days after receipt of the executed
subscription documents for each prospective purchaser of Offered Securities, but
in no event later than the earlier of (i) the date the parties have agreed to
for Closing or (ii) the Offering Termination Date.  For every
prospective purchaser of Offered Securities whose subscription is rejected, the
Seller will promptly return all of such prospective purchaser’s executed
Subscription Documents to Selling Agent for return to the prospective purchaser,
and will notify the Escrow Agent to return the funds received to such
prospective purchaser without interest and without deduction.

    
      
         

      

      
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    5. 
Conditions to the
Obligations of the Seller.

    

    The
obligations of the Seller hereunder are subject to the accuracy of Selling
Agent’s representations and warranties, to the observance and performance by
Selling Agent of its obligations hereunder, and to the following further
conditions (any of which may be waived in writing in whole or in part by the
Seller):

    

    (a)Selling
Agent shall not have taken or failed to take any action at any time at or prior
to Closing, which, in the opinion of the Seller or counsel for Seller, conflicts
or would conflict with, or otherwise make unavailable, the exemption from
registration requirements for the offer and sale of the Offered Securities under
applicable securities laws and regulations.

    

    (b)If any
of the conditions specified in this Section 5 shall not have been fulfilled
when and as required by this Agreement to be fulfilled, all the obligations of
the Seller under this Agreement may be terminated in writing at any time at or
prior to Closing, and any such termination shall be without liability to the
parties, and further provided that the obligations under Section 7 and
Section 9.1 shall nevertheless survive and continue
thereafter.

    
      
         

      

      
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    6. 
Conditions of the
Obligations of the Selling Agent.

    

    The
obligations of the Selling Agent to act as agent hereunder, to find purchasers
for the Offered Securities, and to attend and to deliver documents at Closing
shall be subject to the following conditions:

    

    (a) 
Between the date hereof and Closing, the Seller and its subsidiaries shall not
have sustained any loss on account of fire, explosion, flood, accident, calamity
or other cause, of such character as results in a Material Adverse Effect on the
Seller and its subsidiaries, whether or not such loss is covered by
insurance.

    

    (b) 
Between the date hereof and Closing, there shall be no material litigation
instituted or threatened against the Seller or any subsidiary (other than as set
forth in the Offering Document) and there shall be no material proceeding
instituted or threatened before or by any federal or state commission,
regulatory body or administrative agency or other governmental body, domestic or
foreign, wherein an unfavorable ruling, decision or finding would materially
adversely affect the business, franchises, licenses, permits, operations or
financial condition or income of the Seller.

    

    (c) 
Except as contemplated herein or as set forth in the Offering Document, during
the period subsequent to the date hereof, and prior to Closing, the Seller and
each subsidiary:  (i) shall have conducted its business in the usual
and ordinary manner as the same was being conducted on the date hereof, and (ii)
except in the ordinary course of its business, the Seller and each subsidiary
shall not have incurred any liabilities or obligations (direct or contingent),
or disposed of any assets, or entered into any material transaction or suffered
or experienced any substantially adverse change in its condition, financial or
otherwise, or in its working capital position.  At Closing, the
capitalization of the Seller shall be substantially the same as set forth in the
Offering Document.

    

    (d)
 The authorization for the issuance and delivery of the Offered Securities
and the Offering Document and related materials, and for the execution and
delivery of this Agreement, and all other legal matters incident thereto, shall
be reasonably satisfactory in all respects to counsel for Selling
Agent.

    

    (e)
 The Seller shall have furnished to the Selling Agent the opinion, dated
the Closing Date, of its counsel, which opinion shall be reasonably acceptable
to the Selling Agent and its counsel

    

    (f) 
The representations and warranties of the Seller made in this Agreement or in
any document or certificate delivered to the Selling Agent pursuant hereto shall
be true and correct on and as of the Closing with the same force and effect as
though such representations and warranties have been made on and as of the
Closing, and the Selling Agent shall have received a certificate, dated the
Closing Date, to such effect executed by the Chairman of the Board or President
of the Seller.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    (g) 
The Seller shall have performed and complied in all material respects with all
covenants, terms and agreements to be performed and complied with by the Seller
on or before the Closing.

    

    (h) 
The Seller shall have provided such certificates as the Selling Agent shall
reasonably request.

    

    (i) 
The Seller and its President shall provide certificates to the Selling Agent
certifying that the proceeds of the Offering will be used in accordance with the
uses designated in “Use of Proceeds” in the Offering Document.

    

    7.  
Indemnification.

    

    7.1 
The Seller agrees to indemnify and hold harmless Selling Agent and each person,
if any, who controls Selling Agent within the meaning of the 1933 Act or the
1934 Act (together, the “Acts”), the Selling Agent’s affiliated entities,
partners, employees, legal counsel and agents (the “SA Indemnified Parties”)
against any losses, claims, damages, obligations, penalties, judgments, awards,
liabilities, costs, expenses and disbursements (and any and all actions, suits,
proceedings and investigations in respect thereof and any and all legal and
other costs, expenses and disbursements in giving testimony or furnishing
documents in response to a subpoena or otherwise), joint or several, to which
Selling Agent or such person may be subject, under the Acts or otherwise,
including, without limitation, the costs, expenses and disbursements, as and
when incurred, of investigating, preparing or defending any such action, suit,
proceeding or investigation (whether or not in connection with litigation in
which the Selling Agent is a party), directly or indirectly, caused by, relating
to, based upon, arising out of, or in connection with (i) the violation or
breach of any representation, warranty or covenant or agreement of the Seller
set forth in this Agreement or in any instrument, document, agreement or
certificate delivered by the Seller in connection herewith; (ii) any untrue
statement or omission or any alleged untrue statement or omission in the
Offering Document or selling material, excluding information contained in or
omitted from the Offering Document or selling material in reliance upon, and in
conformity with, information furnished to the Seller by Selling Agent or any
Participating Broker-Dealer specifically for use in preparation of the Offering
Document or selling material, as the case may be; (iii) any information provided
by or on behalf of Seller in order to qualify or exempt the Offered Securities
for sale in any jurisdiction; or (iv) the failure of the Seller to comply with
the provisions of the Acts and the regulations thereunder, including
Regulation D; and will reimburse the SA Indemnified Parties for any legal
or other expenses reasonably incurred by the SA Indemnified Parties in
connection with investigation of or defending against any such loss, claim,
expense, damage, liability, (or actions in respect thereof); provided, however,
that the Seller shall not be required to indemnify the SA Indemnified Parties
for any payment made to any claimant in settlement of any suit or claim unless
such payment is agreed to by the Seller (which agreement shall not be
unreasonably withheld) or by a court having jurisdiction of the
controversy.  This indemnity agreement shall remain in full force and
effect 

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    notwithstanding
any investigation made by Selling Agent or on Selling Agent’s behalf, shall
survive consummation of the sale of the Offered Securities hereunder and shall
be in addition to any liability which the Seller may otherwise
have.

    

    7.2 
Selling Agent agrees to indemnify and hold harmless the Seller and each person,
if any, who controls the Seller within the meaning of the Acts, Seller’s
affiliated entities, partners, employees, legal counsel and agents (the “Seller
Indemnified Parties”) against any losses, claims, damages, obligations,
penalties, judgments, awards, liabilities, costs, expenses and disbursements
(and any and all actions, suits, proceedings and investigations in respect
thereof and any and all legal and other costs, expenses and disbursements in
giving testimony or furnishing documents in response to a subpoena or
otherwise), joint or several (including, without limitation, the costs, expenses
and disbursements, as and when incurred, of investigating, preparing or
defending any such action, suit, proceeding or investigation (whether or not in
connection with litigation in which the Seller is a party)), to which the Seller or any such person may
be subject, under the Acts or otherwise, insofar as such losses, claims,
expenses, damages or liabilities (or actions in respect thereof) which (i) arise
out of or are based upon any untrue statement or omission or any alleged untrue
statement or omission in the Offering Document contained in or omitted from the
Offering Document in reliance upon, and in conformity with, information
furnished to the Seller by Selling Agent or any Participating Broker-Dealer or
either of them specifically for use in preparation of the Offering Document or
selling material, as the case may be or (ii) are directly or indirectly, caused
by, relating to, based upon, arising out of, or in connection with the violation
or breach of any representation, warranty or covenant or agreement of the
Selling Agent set forth in this Agreement or in any instrument, document,
agreement or certificate delivered by the Selling Agent in connection herewith);
and will reimburse the Seller Indemnified Parties for any legal or other
expenses reasonably incurred by them in connection with investigating or
defending against any such loss, claim, expense, damage, liability, (or actions
in respect thereof); provided, however, that Selling Agent shall not be required
to indemnify the Seller Indemnified Parties for any payment made to any claimant
in settlement of any suit or claim unless such payment is approved by a court
having jurisdiction over the controversy or Selling Agent agrees to such
settlement (which agreement shall not be unreasonably withheld); and provided
further that Selling Agent shall not be liable under this Section 7.2 for
any losses, claims, expenses, damages or liabilities arising out of any act or
failure to act on the part of any other person except Selling Agent, its
partners, employees and agents (including registered representatives) or any
Participating Broker-Dealer.  This indemnity agreement shall remain in
full force and effect notwithstanding any investigation made by or on behalf of
the Seller and shall survive consummation of the sale of the Offered Securities
hereunder and the termination of this Agreement, and shall be in addition to any
liability which Selling Agent may otherwise have.  Notwithstanding the
foregoing, in no event shall the amount that the Selling Agent is required to
indemnify the Seller Indemnified Parties, exceed in the aggregate the
compensation received by the Selling Agent hereunder, except in the case of
fraud on the part of the Selling Agent.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    7.3 
The indemnified party shall notify the indemnifying party in writing promptly
after the summons or other first legal process giving information of the nature
of any and all claims which have been served upon the indemnified
party.  In case any action is brought against any indemnified party
upon any such claim, the indemnifying party shall be entitled to participate at
its own expense in the defense, or if it so elects, in accordance with
arrangements satisfactory to any other indemnifying party or parties similarly
notified, to assume the defense thereof, with counsel who shall be satisfactory
to such indemnified party and other indemnified parties who are defendants in
such action; and after notice from the indemnifying party to such indemnified
party of its election so to assume the defense thereof and the retaining of such
counsel by the indemnifying party, the indemnifying party shall not be liable to
such indemnified party under this Section 7 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof, other than the reasonable costs of investigation, unless the
indemnified party shall have reasonably concluded that there are or may be
defenses available to it which are different from or in addition to those
available to the indemnifying party (in which case the indemnifying party shall
not have the right to direct the defense of such action on behalf of the
indemnified party), in any of which circumstances such expenses shall be borne
by the indemnifying party.

    

    8. 
Termination of
Agreement.

    

    8.1 
This Agreement shall terminate:

    

    (a)
 If at any time after commencement of the Offering, any material condition
of Seller’s obligations hereunder shall not have been met or shall cease to be
met and Selling Agent shall have given to the Seller notice of Selling Agent’s
desire to terminate this Agreement on account of the nonfulfillment of such
condition; or

    

    (b) 
At such time as all of the Offered Securities shall have been sold and the
subscriptions therefor have been accepted or the Offering Termination Date has
been reached, whichever shall first occur.

    

    Notwithstanding
the termination of this Agreement in accordance with the foregoing provisions of
this Section 8, the respective indemnities, covenants, agreements,
representations, warranties and other statements of the Seller and Selling Agent
set forth in or made pursuant to this Agreement will remain operative and in
full force and effect.

    

    8.2 
If this Agreement is terminated pursuant to Section 8.1(a) above, the
Selling Agent shall have no liability to the Seller, and if this Agreement is
terminated pursuant to Section 8.1(b) above, the Seller shall have no
liability to the Selling Agent.

    

    9. 
Miscellaneous.

    

    9.1 
Except as otherwise specifically provided in this Agreement or as may be
otherwise agreed between the parties hereto, Selling Agent, on the one hand, and
the Seller, on 

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    the
other, shall each pay their respective expenses incident to this Agreement and
the transactions contemplated hereby (including, without limitation, the fees
and disbursements of their respective counsel), and no party to the Agreement
shall have any liability for such expenses incurred by any other
party.

    

    9.2 
It is understood and agreed that Selling Agent’s relationship to the Seller is
that of an independent contractor and that nothing herein shall be construed to
create a relationship of partners, affiliates, joint venturers or employer and
employee between Selling Agent or either of them and the Seller.

    

    9.3 
No rights or interests arising hereunder may be assigned except with the prior
written consent of both the Seller and the Selling Agent.  Subject to
this limitation, this Agreement shall inure to the benefit and be binding upon
Selling Agent and the Seller and their respective successors and
assigns.  This Agreement is intended to be and is for the sole and
exclusive benefit of the parties hereto, and their respective successors and
assigns and for the benefit of no other person.  Except as provided in
this Agreement, nothing expressed or mentioned in this Agreement is intended or
shall be construed to give any person, other than the parties to it and their
respective successors and assigns, any legal or equitable right, remedy or claim
under or with respect to this Agreement or any of its provisions.  No
purchaser of Offered Securities shall be construed as a successor or assign
merely by reason of such purchase.

    

    9.4 
If any portion of this Agreement shall be held invalid or inoperative, then so
far as is reasonable and possible:

    

    (a) 
the remainder of this Agreement shall be considered valid and operative;
and

    

    (b) 
to the extent possible under applicable law, effect shall be given to the intent
manifest by the portion held invalid or inoperative.

    

    9.5
 This Agreement may be executed in a number of identical counterparts and
by facsimile, each of which shall be deemed to be an original, but all of which
constitute, collectively, one and the same Agreement; but, in making proof of
this Agreement, it shall not be necessary to produce or account for more than
one counterpart.

    

    9.6 
This Agreement may not be modified or amended except by written agreement
executed by each of the parties to this Agreement.

    

    9.7 
Whenever the context so requires, the masculine shall include the feminine and
neuter, and the singular shall include the plural, and
conversely.  The words “shall” and “will” and “agrees” are mandatory,
“may” is permissive.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    9.8 
The parties to this Agreement covenant and agree that they will execute any
other and further instruments and documents which reasonably are or may become
necessary or convenient to effectuate and carry out this Agreement.

    

    9.9 
This Agreement (and the other documents and agreements referenced herein)
contains the entire understanding between the parties and supersedes prior
understandings or written or oral agreements between the parties with respect to
the subject matter of this Agreement.

    

    9.10 
This Agreement shall be construed and governed by the laws of the State of
Florida.  Each party hereby consents to any and all actions or
controversies arising from this agreement shall be have venue in the exclusive
jurisdiction of the state and federal courts located in Palm Beach County,
Florida. Any terms and conditions of this Agreement which are inconsistent with
the terms and conditions of the Offering Document, shall be modified to conform
to the terms and conditions set forth in the Offering Document.

    

    9.11 
All notices or communications, except as otherwise specifically provided, shall
be in writing, and, if sent to any party, shall be mailed, delivered or
telegraphed and confirmed to that party at the address set forth
below:

    

     

    
      	If to the
      Seller: 	      
              PERFORMANCE
      HEALTH  TECHNOLOGIES, INC. 

            	 
	 	427 River View
      Plaza 	 
	 	Trenton,
      NJ  08611 	 
	 	Attn: Robert
      Prunetti, President & CEO 	 
	 	 	 
	With a copy
      contemporaneously 	 	 
	 	      
              by
      like means: 

            	 
	 	 	 
	If to Selling Agent,
      to:	Dawson James
      Securities,  	 
	 	925 S. Federal
      Highway 	 
	 	6th
      Floor 	 
	 	      
              Boca
      Raton, FL 33432 

            	 
	 	Attention:  Richard
      Aulicino 	 
	 	 	 
	With a copy
      contemporaneously 	 	 
	 	      
              by
      like means: 

            	 

    

     

    9.12 
All of the terms of this Agreement, including all representations, warranties,
covenants and agreements of Selling Agent and the Seller, shall survive
completion of the Offering for three years.

    

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    9.13 
Section titles or captions contained in this Agreement are inserted only as a
matter of convenience and for reference.  Those titles in no way
define, limit, extend or describe the scope of this Agreement, or the intent of
any provision of this Agreement.

    

    10.  Right
of First Refusal.  The
Seller will grant to the Selling Agent a right of first refusal for a period of
twenty-four (24) months from the Closing Date of the Offered Securities being
offered in this transaction to be engaged as placement agent for any public or
private sale of securities of the Seller to be made by the Seller or any of its
affiliates or subsidiaries.

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    If the
foregoing correctly sets forth the understanding between us, please indicate
acceptance by signing in the space provided below for that purpose and return to
us a counterpart hereof so signed, whereupon this letter and Selling Agent’s
acceptance shall constitute a binding agreement between us.

     

    
      
        	 	Very
      truly yours,	 
	 	 	 
	 	PERFORMANCE
      HEALTH TECHNOLOGIES, INC.. 	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Robert
      D. Prunetti	 
	 	 	Robert
      D. Prunetti 	 
	 	 	President
      and Chief Executive Officer 	 
	 	 	 	 

      

    The
foregoing Selling Agreement for PERFORMANCE HEALTH TECHNOLOGIES, INC. is hereby
accepted and agreed to as of the date first above written.

     

     

    
      
        	
                Dawson
      James Securities, Inc.

                As Selling Agent

              	 
	 	 	 
	
                By:
      

              	/s/
      Albert J. Poliak	 
	 	Robert
      J. Poliak 	 
	 	President	 
	 	 	 
	By: 	 	 
	 	      
                (Authorized
      Officer) 

              	 

      

    

     

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    Exhibit
A

    Performance
Health Technologies, Inc.

    Private
Placement of Units

    Offering
Size:  $2,500,000

    

    
      	
              Issuer:

            	
              Performance
      Health Technologies, Inc. (the "Company")

            
	 
      	 
      
	
              Securities
      Offererd:

            	
              2,500
      Units, Each units consists of a $1,000 Convertible Note (the "Notes") and
      2,000 Warrants to purchase one share of common stock

            
	 
      	 
      
	
              Conversion
      Price of Notes:

            	
              The
      Notes will be convertible into shares of common stock at a price equal to
      the lesser of (i) $1.00 or (ii) 80 % of the average closing bid price for
      PHT's common stock for the 20 days preceeding the Conversion Notice, as
      reported by the exchange on which PHT's common stock is then traded, but
      in any event not less than $ 0.40 (the "Conversion
  Price").

            
	 
      	 
      
	
              Term
      of Notes:

            	
              12
      months.

            
	 
      	 
      
	
              Note
      Interest:

            	
              10
      % per annum payable at Maturity or at the time of conversion in shares of
      PHT common stock at the Conversion Price

            
	 
      	 
      
	
              Warrants:

            	
              The
      Warrants included in the Units are exercisable for shares of PHT common
      stock at any time beginning on the date of conversion of the Notes and
      ending five years from the date of issuance.  Each Unit includes
      2,000 Warrants to purchase on share of PHT common stock.  The
      per share exercise of 1,000 of the Warrants is $ 1.00 and the per share
      exercise price of the remaining 1,000 Warrants is $
  1.50.

            
	 
      	 
      
	
              Most
      Favored Nations Exchange Right:

            	
              For
      the term of the Notes, if the Company does a private equity or equity
      linked financing (a "Subsequent Financing") prior to an IPO, the holders
      of the Notes may exchange the Notes at the stated value for the securities
      issued in the Subsequent Financing.

            
	 
      	 
      
	
              Use
      of Proceeds:

            	
              Working
      capital.

            
	 
      	 
      

    

    

    
      
         

      

      
        19exhibit10_31.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
10.31

    

    EMPLOYMENT
AGREEMENT EXTENSION AMENDMENT

    

    THIS AMENDMENT TO THE EMPLOYMENT
AGREEMENT EXTENSION (the “Agreement”) is made and entered into effective as of
April 14, 2008 between FindEx.com, Inc., a Nevada corporation (the
“Corporation”), and Steven Malone (“Officer”) as a term extension to the
previous Employment Agreement originally entered into on July 25,
2003.

    

    R E C I T A L S

    

    
      	
              A.  

            	
              Officer
      desires to remain employed by the Corporation as Chief Executive Officer
      pursuant to the terms and conditions set forth in the Employment Agreement
      dated July 25, 2003.

            

    

    

    
      	
              B.  

            	
              The
      Corporation desires to employ Officer in such capacity pursuant to the
      terms and conditions set forth in the Employment Agreement dated July 25,
      2003.

            

    

    

    THE
PARTIES AGREE to extend the term of the Employment Agreement for a period of two
years from this date. All terms and conditions set forth in the Employment
Agreement dated July 25, 2003 shall remain in effect for the additional two-year
term extension.

    

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

    

    

    

     OFFICER:

    

    

    /s/ Steven
Malone

    Steven Malone

    

    

    COMPANY:

    

    

    /s/ Kirk R.
Rowland

    Kirk R. Rowland

    FindEx.com, Inc.

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