Document:

Addendum to Cooperative Agreement

 Exhibit 10.58 

ADDENDUM TO COOPERATIVE AGREEMENT 

This Addendum to Cooperative Agreement (the “Addendum”) is entered into this
15th day of April, 2010 between Mann Equity, LLC
(“Mann Equity”) and CareView Communications, Inc. (“CareView”). 
 WHEREAS, Mann Equity and CareView entered
into a Cooperative Agreement dated July 18, 2009 (the “Cooperative Agreement”); 
 WHEREAS, Mann Equity earned
certain fees under the Cooperative Agreement related to a transaction between CareView and Fountain Fund 2 LP (“Fountain”); and 

WHEREAS, Mann Equity and CareView want to establish the fees due on the transaction with Fountain and issue payment; 

NOW, THEREFORE, in consideration of these premises and of the mutual covenants and promises hereinafter set forth, the parties hereby
make this Addendum as follows: 
 1. Services Provided by Mann Equity: Mann Equity provided services to CareView which
resulted in CareView securing a lease line of credit with Fountain in the maximum amount of $5,000,000 (the “Fountain Lease Line”). CareView executed a Master Lease with Fountain on January 29, 2010 for the face amount of $5,000,000
with a minimum draw of $2,000,000. 
 2. Warrants Due to Mann Equity: The Cooperative Agreement provides that Mann Equity
is to receive a Common Stock Purchase Warrant (“Warrant”) equal to eight percent (8%) of any proposed funding secured for CareView (the “Warrant Fee”). Accordingly, the total Warrant Fee due to Mann Equity relative to the
Fountain Lease Line equals 400,000 underlying shares of CareView’s Common Stock. The parties agree that the issuance of the Warrant to Mann Equity on February 17, 2010 for the purchase of 400,000 underlying shares of CareView’s Common
Stock with an exercise price of $0.52 per share and that such issuance completely satisfies the Warrant Fee as it relates to the Fountain Lease Line. 

3. Cash Fees Due to Mann Equity: The Cooperative Agreement provides that Mann Equity is to receive a cash fee equal to five
percent (5%) of the gross proceeds of any proposed funding secured for CareView (the “Cash Fee”). Although CareView has not yet made any draws under the Fountain Lease Line, a provision therein provides that CareView must draw down
and/or pay fees and penalties for a minimum of $2,000,000. Accordingly, the Cash Fee due to Mann Equity relative to the $2,000,000 minimum equals $100,000, which Cash Fee may be increased should CareView elect to draw in excess of the $2,000,000
minimum. The parties agree that the Cash Fee to date of $100,000 shall be paid to Mann Equity upon the signing of this Addendum. 

4. Further Services to be Provided by Mann Equity: The parties further agree that: 

a) if CareView elects to draw in excess of the $2,000,000 minimum up to the maximum amount of $5,000,000, Mann Equity will
be entitled to a payment of a Cash Fee based on the difference of the $2,000,000 minimum and the amount drawn by CareView up to the maximum of $5,000,000, 

b) if CareView elects to draw in excess of the $2,000,000 minimum, Mann Equity is not entitled to a further payment as a
Warrant Fee, and 

 c) if CareView elects to secure any additional funding through Fountain or
another source provided by Mann Equity, then Mann Equity will be due a Warrant Fee and Cash Fee pursuant to the terms outlined in the Cooperative Agreement. 

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

 

					
	MANN EQUITY, LLC	 		 	CAREVIEW COMMUNICATIONS, INC.
			
	/s/ Sean Mann	 		 	/s/ John R. Bailey
	Sean Mann	 		 	John R. Bailey
	Managing Director	 		 	Chief Financial Officer

  

 2Letter of Intent

 EXHIBIT 10.59 

 

 

 May 26, 2010 

 

 

 Huawei Zhang 

Vice Chairman of the Board / General Manager 

WEGO Holding Co. Limited 
 Add: No. 312 Shichang
Road 
 WeiHai, China 

 

 

  

	 	Re:	Letter of Intent 

 

 

 Gentlemen: 

 

 

 This letter of intent outlines certain preliminary terms and conditions of several possible agreements
between and among CareView Communications, Inc., a Nevada corporation or its affiliate Company (“CareView”) and Wego Holding Co. Limited, a
                                    (“Wego”) and
certain affiliated parties. This letter of intent is intended only to serve as a guide in the negotiation of such agreements and is not intended to, nor shall it create any legally enforceable agreements, obligations or rights in favor of any other
person or entity, except those rights and obligations set forth in Sections 4 and 7 hereof, which shall be legally binding on the undersigned parties. 

 

 

 CareView and Wego will use their commercial reasonable efforts to form a joint venture
(the “Joint Venture”) for the purpose of developing CareView’s technology (the “CareView
SystemTM”) and Wego’s technology into a product
to be provided to the 
  

CareView Communications Inc. 405 State Highway 121 Bypass Suite B-240 Lewisville, TX 75067 Phone: 972-943-6050 Fax: 972-403-7659 

 
Chinese marketplace. The Joint Venture would be formed by execution of a definitive agreement (the “Definitive Agreement”) between the parties. 

 

 

 1. Corporate Governance of the Joint Venture. Concurrent with the execution of the Definitive
Agreement. CareView and Wego would cause the governing documents of the Joint Venture to be written to provide for the following: 

 

 

 (i) Governing Body. Minority percent of the ownership as well as the members of the
management committee or other governing body of the Joint Venture will be designated by CareView following the Closing. 

 

 

 (ii) Restrictions on Transfer. Neither CareView nor Wego would be able to transfer
part of their interest in the Joint Venture without the express written consent of the other party and on substantially identical terms of the current limited liability company agreement of the Joint Venture. 

 

 

 (iii) Access to Records and Reports. All books and records relating to the records
and accounts of all operations and expenditures of the Joint Venture would be assessable and otherwise subject to audit by either party at any reasonable time. 

 

 

 2. Resources. Each party agrees to provide information to the other in the form of written or verbal
communications by or between the parties engineering and marketing departments. Such information shall be used to establish a reasonable determination as to the validity and viability of a proposed product for use in the China market. 

 

 

 3. Exclusive Sales Agreement. CareView and Wego will use
their commercial reasonable efforts to cause the Joint Venture to enter into a perpetual agreement with CareView, pursuant to which the Joint Venture will manufacture and sell the CareView
SystemTM, on an exclusive basis in China. The execution of the foregoing agreement is contingent upon the Joint
Venture being successfully formed. 

 

 

 4. Confidentiality. Each party hereto agrees that it will not make any disclosure of the existence
of this Letter of Intent or of any of its terms without first advising the other party and obtaining the written consent of such other party to the proposed disclosure, unless such disclosure is required by applicable law or
regulation, in which event the party contemplating disclosure will inform the other party of and obtain their consent to the form and content of such disclosure, which consent shall not be unreasonably withheld of delayed. The foregoing sentence
does not apply to disclosures of the content or existence of this Letter of Intent to the lawyer, accountants or other representatives which either party will be using in connection with the transactions contemplated by this Letter of Intent.
Further each party will keep the other parties confidential and proprietary technologies in confidence. Each party hereby agrees to not utilize any of the others technologies except for the expressed purpose of evaluating a potential Joint Venture.
In the event that the parties are unable to come to a timely agreement to consummate the Joint Venture each party will destroy any proprietary information given to the other parts in this effort. 

 

 

 6. Joint Press Release. The parties agree to prepare a joint press release relating to this
transaction, described herein, which will be issued upon Closing. 

 

 

 7. Expenses. Each party will pay its own expenses in connection with the transactions described
herein. 

 

 

 8. Termination. In the event a Definitive Membership Purchase Agreement has not
been executed on or before August 1, 2010, the terms of this letter shall be of no further force or effect except for Section 4 (Confidentiality) and 7 (Expenses). 

 

 

 9. Governing Law. This letter shall be governed by the internal laws of the State of
Nevada notwithstanding any conflict of law principles to the contrary. 

 

 

 [REMAINDER OF PACK INTENTIONALLY LEFT BLANK] 

 

 

 If the foregoing reflects your present understanding of the proposed transactions and if you are in
agreement in principle with the terms and conditions of the proposal herein, please acknowledge by executing an original of this Letter of Intent and returning it to us and we will proceed to documentation. Both parties recognize that this Letter of
Intent is a statement of the present intentions of the parties and is not legally binding with the exception of Sections 4 and 7 which are legally binding. By executing this Letter of Intent, each party represents that it is duly authorized to
execute this Letter of Intent and that the Letter of Intent to the extent provided herein and does not conflict with or violate any agreement with any other party. This Letter of Intent may be executed in multiple counterparts, each of which shall
be deemed an original and such counterparts together shall constitute one and the same instrument. This Letter of Intent is not valid if not countersigned and returned to CareView by June 1, 2010. 

 

 

  

					
		 	Very truly yours,
		 	

		
		 	CareView Communications, Inc.
		 	CareView 

			
	By	 	

 :	 	
 

	Its	 	

:	 	 President

		 		 	

  

					
	 Accepted and agreed to this

 

	     day of                     ,
2010
	

	
	Wego Holding Co. Limited
	

			
	By	 	

 :	 	
 

	Its	 	

 :	 	  

 If the foregoing reflects your present understanding of the proposed transactions and if you are in
agreement in principle with the terms and conditions of the proposal herein, please acknowledge by executing an original of this Letter of Intent and returning it to us and we will proceed to documentation. Both parties recognize that this Letter of
Intent is a statement of the present intentions of the parties and is not legally binding with the exception of Sections 4 and 7 which are legally binding. By executing this Letter of Intent, each party represents that it is duly authorized to
execute this Letter of Intent and that the Letter of Intent to the extent provided herein and does not conflict with or violate any agreement with any other party. This Letter of Intent may be executed in multiple counterparts, each of which shall
be deemed an original and such counterparts together shall constitute one and the same instrument. This Letter of Intent is not valid if not countersigned and returned to CareView by June 1, 2010. 

 

 

  

					
		 	Very truly yours,
		 	

		
		 	CareView Communications, Inc.
		 	CareView 

			
	By	 	

 :	 	
 

	Its	 	

 :	 	 President

		 		 	

  

					
	 Accepted and agreed to this

 

	     day of                     ,
2010
	

	
	Wego Holding Co. Limited
	

			
	By	 	

 :	 	
 

	Its	 	

 :

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