Document:

EXHIBIT 10.6

    EXHIBIT
      10.6

     

     

    [FORM
      OF AMENDED AND RESTATED ZANONI NOTE]

    

    SECOND
      AMENDED AND RESTATED PROMISSORY NOTE

    CONVERTIBLE
      INTO COMMON STOCK

    OF

    WT
      HOLDINGS CORPORATION

    

    May
      __,
      2006

    

    

    
      	Due
              July 20, 2006	
               $__________

            

    

    

    For
      value
      received, WT HOLDINGS CORPORATION (formerly Fortune Entertainment Corporation),
      a Delaware corporation (the “Maker”),
      hereby promises to pay ______________
      (collectively, with its successors, representatives, and permitted assigns,
      the
“Holder”),
      in
      accordance with the terms hereinafter provided, the principal amount of
$________
      together
      with interest thereon. 

     

    This
      Note
      hereby amends and restates that certain 5% promissory note in the principal
      amount of $____ dated November 21, 2005 (“Assumed
      Note”)
      issued
      to ___________ (“Assignor”).
      This
      Note is issued in connection with the assignment of $________ in principal
      and
      $_______ in accrued interest under the Assumed Note from Assignor to Holder.
      The
      Maker has delivered this Note to Holder following the Maker’s receipt of the
      Assumed Note. This is one of a series of ____ (__) promissory notes issued
      to
      the Holder which collectively represent 100% the principal and interest amounts
      owed under the Assumed Note as of this date; this note represents ___% of such
      principal and interest amount. 

     

    All
      payments under or pursuant to this Note shall be made in United States Dollars
      in immediately available funds to the Holder at
      the
      address of the Holder set forth in Section 4.1 herein. The
      outstanding principal balance of this Note shall be due and payable on July
      20,
      2006 (the “Maturity
      Date”)
      or at
      such earlier time as provided herein. 

     

     

    ARTICLE
      I  

     

    Section
      1.1  Debt
      Assignment.
      This
      Note has been executed and delivered in connection with the assumption of the
      Assumed Note by Holder from the
      Assignor.
      Maker
      acknowledges that the amendment and restatement of this Note is a condition
      to
      all such assumptions. 

     

    Section
      1.2  Interest.
      Beginning on the date of this Note (“Interest Commencement Date”), the
      outstanding principal balance of this Note shall bear interest, in arrears,
      at a
      rate per annum equal to five percent (5%), payable in cash. Interest shall
      be
      computed on the basis of a 360-day year of twelve (12) 30-day months and shall
      accrue commencing on the Interest Commencement Date. Furthermore,
      upon the occurrence of an Event of Default (as defined in Section 2.1 hereof),
      then to the extent permitted by law, the Maker will pay interest to the Holder,
      payable on demand, on the outstanding principal balance of the Note from the
      date of the Event of Default of the lesser of twenty-five percent (25%) and
      the
      maximum applicable legal rate per annum. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      II

    EVENTS
      OF
      DEFAULT; REMEDIES

    

    Section
      2.1  Events
      of Default.
      The
      occurrence of any of the following events shall be an “Event of Default” under
      this Note:

     

    (a)  the
      Maker
      shall fail to make the payment of any amount of principal or interest
      outstanding on the date such payment is due hereunder; or

     

    (b)  the
      Maker
      shall fail to (i) timely deliver the shares of common stock upon conversion
      of
      the Note as provided for herein, or (ii) make the payment of any fees and/or
      liquidated damages under this Note; or

     

    (c)  the
      Maker
      shall be in default in the performance or observance of (i) any material
      covenant, condition or agreement contained in this Note and such default is
      not
      fully cured within five (5) business days after the occurrence thereof;
      or

     

    (d)  the
      Maker
      shall (i) apply for or consent to the appointment of, or the taking of
      possession by, a receiver, custodian, trustee or liquidator of itself or of
      all
      or a substantial part of its property or assets, (ii) make a general assignment
      for the benefit of its creditors, (iii) commence a voluntary case under the
      United States Bankruptcy Code (as amended, the “Bankruptcy
      Code”)
      or
      under the comparable laws of any jurisdiction, (iv) file a petition seeking
      to
      take advantage of any bankruptcy, insolvency, moratorium, reorganization or
      other similar law affecting the enforcement of creditors' rights generally,
      (v)
      acquiesce in writing to any petition filed against it in an involuntary case
      under the Bankruptcy Code or under the comparable laws of any jurisdiction,
      or
      (vi) take any action under the laws of any jurisdiction analogous to any of
      the
      foregoing; or

     

    (e)  the
      Maker
      shall be in breach of or default under the terms, provisions, conditions or
      provisions of any other agreement to which the Maker and Holder are parties
      including such agreements in existence as of the date hereof and those
      agreements executed by the parties hereafter; or

     

    (f)  the
      Maker
      shall be in default under any other promissory note or any other payment
      obligation in whatever form made by the Maker in excess of $2,500; or

     

    (g)  a
      proceeding or case shall be commenced in respect of the Maker, without its
      application or consent, in any court of competent jurisdiction, seeking (i)
      the
      liquidation, reorganization, moratorium, dissolution, winding up, or composition
      or readjustment of its debts, (ii) the appointment of a trustee, receiver,
      custodian, liquidator or the like of it or of all or any substantial part of
      its
      assets in connection with the liquidation or dissolution of the Maker or (iii)
      similar relief in respect of it under any law providing for the relief of
      debtors, and such proceeding or case described in clause (i), (ii) or (iii)
      shall continue undismissed, or unstayed and in effect, for a period of sixty
      (60) days or any order for relief shall be entered in an involuntary case under
      the Bankruptcy Code or under the comparable laws of any jurisdiction against
      the
      Maker or action under the laws of any jurisdiction analogous to any of the
      foregoing shall be taken with respect to the Maker and shall continue
      undismissed, or unstayed and in effect for a period of sixty (60)
      days.

    
      
        
        

      

      
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    Section
      2.2  Remedies
      Upon An Event of Default.
      If an
      Event of Default shall have occurred and shall be continuing, the Holder of
      this
      Note may at any time at its option, (a) declare the entire unpaid principal
      balance of this Note, together with all interest accrued hereon, due and
      payable, and thereupon, the same shall be accelerated and so due and payable,
      without presentment, demand, protest, or notice, all of which are hereby
      expressly unconditionally and irrevocably waived by the Maker; (b) demand that
      the principal amount of this Note then outstanding and all accrued and unpaid
      interest thereon shall be converted into shares of Common Stock at a Conversion
      Price per share calculated pursuant to Section 3.1 hereof, or (c) exercise
      or
      otherwise enforce any one or more of the Holder's rights, powers, privileges,
      remedies and interests under this Note or applicable law. In addition, the
      applicable rate of interest shall be adjusted pursuant to Section
      1.2.

     

     

    ARTICLE
      III

    CONVERSION;
      ANTIDILUTION

     

    Section
      3.1  Conversion
      Option.
      At any
      time on or after the Issuance Date, this Note shall be convertible (in whole
      or
      in part), at the option of the Holder (the “Conversion Option”), into such
      number of fully paid and non-assessable shares of common stock of the Maker
      (the
“Common Stock”) as is determined by dividing (x) that portion of the outstanding
      principal balance and any interest due under this Note as of the conversion
      date
      (the “Conversion Date”) that the Holder designates as its conversion date in a
      duly executed written notice of conversion delivered to the Maker in a form
      substantially the same as that attached hereto (the “Conversion Notice”) by (y)
      the Conversion Price (as hereinafter defined) then in effect on the Conversion
      Date, provided, however, that the Conversion Price shall be subject to
      adjustment as described in Section 3.5 below. The Holder shall deliver this
      Note
      to the Maker at the address set forth in Section 4.1, at such time that this
      Note is fully converted. With respect to partial conversions of this Note,
      the
      Maker shall keep written records of the amount of this Note converted as of
      each
      Conversion Date. 

     

    Section
      3.2  Conversion
      Price. The conversion price (the “Conversion Price”) shall equal
$_________
      per share,
      subject
      to adjustment as described under Section 3.5 hereof. Notwithstanding any
      adjustment hereunder, at no time shall the Conversion Price be greater than
      $___________ per share except if it is adjusted pursuant to Section 3.5
      hereof.

     

    Section
      3.3  Mechanics
      of Conversion. Not later than three (3) Trading Days after any Conversion
      Date, the Maker shall deliver to the Holder by express courier a certificate
      or
      certificates which shall be free of restrictive legends and trading restrictions
      representing the number of shares of [Common/Preferred] Stock being acquired
      upon the conversion of this Note (the “Delivery Date”). 

    
      
        
        

      

      
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    Section
      3.4  Ownership
      Cap and Certain Conversion Restrictions. Notwithstanding anything to the
      contrary set forth in Section 3 of this Note, at no time may the Holder convert
      all or a portion of this Note if the number of shares of Common Stock to be
      issued pursuant to such conversion would exceed, when aggregated with all other
      shares of Common Stock owned by the Holder at such time, would result in the
      Holder beneficially owning (as determined in accordance with Section 13(d)
      of
      the Exchange Act and the rules thereunder) in excess of 4.99% of the then issued
      and outstanding shares of Common Stock of the Maker outstanding at such time;
      provided, however, that upon the Holder providing the Maker with a written
      notice that the Holder wishes to waive Section 3.4 of this Note with regard
      to
      any or all shares of Common Stock issuable upon conversion of this Note, this
      Section 3.4 shall be of no force or effect within 61 days of such
      notice.

     

    Section
      3.5  Adjustment
      of Conversion Price.

     

    (a)  The
      Conversion Price shall be subject to adjustment from time to time as
      follows:

     

    (i)  Adjustments
      for Stock Splits and Combinations.
      If the
      Maker shall at any time or from time to time after the Issuance Date effect
      a
      stock split or combination of the outstanding Common Stock, the applicable
      Conversion Price in effect immediately prior to the stock split or combination
      shall be proportionately decreased or increased, as appropriate. 

     

    (ii)    
      Adjustments
      for Certain Dividends and Distributions.
      If the
      Maker shall at any time or from time to time after the Issuance Date, make
      or
      issue or set a record date for the determination of holders of Common Stock
      entitled to receive a dividend or other distribution payable in shares of Common
      Stock, then, and in each event, the applicable Conversion Price in effect
      immediately prior to such event shall be decreased as of the time of such
      issuance or, in the event such record date shall have been fixed, as of the
      close of business on such record date, by multiplying, the applicable Conversion
      Price then in effect by a fraction:

     

    (1)    
      the
      numerator of which shall be the total number of shares of Common Stock issued
      and outstanding immediately prior to the time of such issuance or the close
      of
      business on such record date; and

     

    (2)    
      the
      denominator of which shall be the total number of shares of Common Stock issued
      and outstanding immediately prior to the time of such issuance or the close
      of
      business on such record date plus the number of shares of Common Stock issuable
      in payment of such dividend or distribution.

     

    (iii)    
      Adjustment
      for Other Dividends and Distributions.
      If the
      Maker shall at any time or from time to time after the Issuance Date, make
      or
      issue or set a record date for the determination of holders of Common Stock
      entitled to receive a dividend or other distribution payable in other than
      shares of Common Stock, then, and in each event, an appropriate revision to
      the
      applicable Conversion Price shall be made and provision shall be made (by
      adjustments of the Conversion Price or otherwise) so that the holders of this
      Note shall receive upon conversions thereof, in addition to the number of shares
      of Common Stock receivable thereon, the number of securities of the Maker which
      they would have received had this Note been converted into Common Stock on
      the
      date of such event and had thereafter, during the period from the date of such
      event to and including the Conversion Date, retained such securities (together
      with any distributions payable thereon during such period), giving application
      to all adjustments called for during such period under this Section 3.5(a)(iii)
      with respect to the rights of the holders of this Note and the Other Notes;
      provided,
      however,
      that if
      such record date shall have been fixed and such dividend is not fully paid
      or if
      such distribution is not fully made on the date fixed therefor, the Conversion
      Price shall be adjusted pursuant to this paragraph as of the time of actual
      payment of such dividends or distributions.

    
      
        
        

      

      
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    (iv)    
      Adjustments
      for Reclassification, Exchange or Substitution.
      If the
      Common Stock issuable upon conversion of this Note at any time or from time
      to
      time after the Issuance Date shall be changed to the same or different number
      of
      shares of any class or classes of stock, whether by reclassification, exchange,
      substitution or otherwise (other than by way of a stock split or combination
      of
      shares or stock dividends provided for in Sections 3.5(a)(i), (ii) and (iii),
      or
      a reorganization, merger, consolidation, or sale of assets provided for in
      Section 3.5(a)(v)), then, and in each event, an appropriate revision to the
      Conversion Price shall be made and provisions shall be made (by adjustments
      of
      the Conversion Price or otherwise) so that the Holder shall have the right
      thereafter to convert this Note into the kind and amount of shares of stock
      and
      other securities receivable upon reclassification, exchange, substitution or
      other change, by holders of the number of shares of Common Stock into which
      such
      Note might have been converted immediately prior to such reclassification,
      exchange, substitution or other change, all subject to further adjustment as
      provided herein.

     

    (v)    
      Adjustments
      for Reorganization, Merger, Consolidation or Sales of Assets.
      If at
      any time or from time to time after the Issuance Date there shall be a capital
      reorganization of the Maker (other than by way of a stock split or combination
      of shares or stock dividends or distributions provided for in Section 3.5(a)(i),
      (ii) and (iii), or a reclassification, exchange or substitution of shares
      provided for in Section 3.5(a)(iv)), or a merger or consolidation of the Maker
      with or into another corporation where the holders of outstanding voting
      securities prior to such merger or consolidation do not own over fifty percent
      (50%) of the outstanding voting securities of the merged or consolidated entity,
      immediately after such merger or consolidation, or the sale of all or
      substantially all of the Maker's properties or assets to any other person (a
      “Corporate
      Transaction”),
      then
      as a part of such Corporate Transaction an appropriate revision to the
      Conversion Price shall be made and provision shall be made (by adjustments
      of
      the Conversion Price or otherwise) so that the Holder shall have the right
      thereafter to convert such Note into the kind and amount of shares of stock
      and
      other securities or property of the Maker or any successor corporation resulting
      from Corporate Transaction. In any such case, appropriate adjustment shall
      be
      made in the application of the provisions of this Section 3.5(a)(v) with respect
      to the rights of the Holder after the Corporate Transaction to the end that
      the
      provisions of this Section 3.5(a)(v) (including any adjustment in the applicable
      Conversion Price then in effect and the number of shares of stock or other
      securities deliverable upon conversion of this Note and the Other Notes) shall
      be applied after that event in as nearly an equivalent manner as may be
      practicable.

     

    (vi)    
      Adjustments
      for Issuance of Additional Shares of Common Stock.
      In the
      event the Maker, shall, at any time, from time to time, issue or sell any shares
      of additional shares of common stock (otherwise than as provided in the
      foregoing subsections (i) through (v) of this Section 3.5(a) or pursuant to
      Common Stock Equivalents (hereafter defined) granted or issued prior to the
      Issuance Date) (“Additional
      Shares of Common Stock”),
      at a
      price per share less than the Conversion Price then in effect or without
      consideration, then the Conversion Price upon each such issuance shall be
      adjusted to the price equal to the consideration per share paid for such
      Additional Shares of Common Stock.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b)  No
      Impairment.
      The
Maker
      shall
      not, by amendment of its Certificate of Incorporation or through any
      reorganization, transfer of assets, consolidation, merger, dissolution, issue
      or
      sale of securities or any other voluntary action, avoid or seek to avoid the
      observance or performance of any of the terms to be observed or performed
      hereunder by the Maker,
      but
      will at all times in good faith, assist in the carrying out of all the
      provisions of this Section 3.5 and in the taking of all such action as may
      be
      necessary or appropriate in order to protect the Conversion Rights of the Holder
      against impairment. 

     

    (c)  Issue
      Taxes.
      The
      Maker shall pay any and all issue and other taxes, excluding federal, state
      or
      local income taxes, that may be payable in respect of any issue or delivery
      of
      shares of Common Stock on conversion of this Note pursuant thereto; provided,
      however,
      that
      the Maker shall not be obligated to pay any transfer taxes resulting from any
      transfer requested by the Holder in connection with any such
      conversion.

     

    (d)  Fractional
      Shares.
      No
      fractional shares of Common Stock shall be issued upon conversion of this Note.
      In lieu of any fractional shares to which the Holder would otherwise be
      entitled, the Maker shall pay cash equal to the product of such fraction
      multiplied by the average of the closing bid prices of the Common Stock for
      the
      five (5) consecutive Trading Days immediately preceding the Conversion
      Date.

     

    (e)  Reservation
      of Common Stock.
      The
      Maker shall at all times when this Note shall be outstanding, reserve and keep
      available out of its authorized but unissued Common Stock, such number of shares
      of Common Stock as shall from time to time be sufficient to effect the
      conversion of this Note and all interest accrued thereon; provided
      that the
      number of shares of Common Stock so reserved shall at no time be less than
      the
      number of shares of Common Stock for which this Note and all interest accrued
      thereon are at any time convertible. The Maker shall increase the authorized
      number of shares of Common Stock if at any time the unissued number of
      authorized shares shall not be sufficient to satisfy the Maker’s obligations
      under this Section 3.5(e).

     

     

    ARTICLE
      IV

    MISCELLANEOUS

     

    Section
      4.1  Notices.
      Any
      notice, demand, request, waiver or other communication required or permitted
      to
      be given hereunder shall be in writing and shall be effective (a) upon hand
      delivery by telex (with correct answer back received), telecopy or facsimile
      at
      the address or facsimile number designated below (if delivered on a business
      day
      during normal business hours where such notice is to be received), or the first
      business day following such delivery (if delivered other than on a business
      day
      during normal business hours where such notice is to be received) or (b) on
      the
      second business day following the date of mailing by express courier service,
      fully prepaid, addressed to such address, or upon actual receipt of such
      mailing, whichever shall first occur. 

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Any
      notice to the Maker shall be sent to:

     

    WT
      Holdings Corporation

    Attention:
      Ke Huang

    Room
      402-404, 4/F, Allied Kajima Building

    138
      Gloucester Road

    Wanchai,
      Hong Kong

    

    With
      a
      copy to: 

    

    Edgar
      D.
      Park, Esq. 

    Richardson
      & Patel LLP

    10900
      Wilshire Boulevard, Suite 500

    Los
      Angeles, CA 90024

    Fax:
      (310) 208-1154

    

    Any
      notice to the Holder shall be sent to: 

     

    _________________________

    _________________________

    _________________________

    

    Section
      4.2  Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the internal laws
      of
      the State of California, without giving effect to any of the conflicts of law
      principles which would result in the application of the substantive law of
      another jurisdiction. This Note shall not be interpreted or construed with
      any
      presumption against the party causing this Note to be drafted.

     

    Section
      4.3  Remedies,
      Characterizations, Other Obligations, Breaches and Injunctive Relief. The
      remedies provided in this Note shall be cumulative. The Maker acknowledges
      that
      a breach by it of its obligations hereunder will cause irreparable and material
      harm to the Holder and that the remedy at law for any such breach may be
      inadequate. Therefore the Maker agrees that, in the event of any such breach
      or
      threatened breach, the Holder shall be entitled, in addition to all other
      available rights and remedies, at law or in equity, to seek and obtain such
      equitable relief, including but not limited to an injunction restraining any
      such breach or threatened breach, without the necessity of showing economic
      loss
      and without any bond or other security being required. 

    
      
        
        

      

      
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    Section
      4.4  Binding
      Effect. The obligations of the Maker and the Holder set forth herein shall
      be binding upon the successors and assigns of each such party, whether or not
      such successors or assigns are permitted by the terms hereof.

     

    Section
      4.5  Amendments.
      This Note may not be modified or amended in any manner except in writing
      executed by the Maker and the Holder.

     

    Section
      4.6  Consent
      to Jurisdiction. Each of the Maker and the Holder hereby irrevocably submits
      to the exclusive jurisdiction of the United States District Court sitting in
      the
      Central District of California and the courts of the State of California located
      in Los Angeles county for the purposes of any suit, action or proceeding arising
      out of or relating to this Note Each of the Maker and the Holder hereby agree
      that the prevailing party in any suit, action or proceeding arising out of
      or
      relating to this Note shall be entitled to reimbursement for reasonable legal
      fees from the non-prevailing party. EACH PARTY HEREBY WAIVES TRIAL BY
      JURY.

     

    Section
      4.7  Failure
      or Indulgence Not Waiver. No failure or delay on the part of the Holder in
      the exercise of any power, right or privilege hereunder shall operate as a
      waiver thereof, nor shall any single or partial exercise of any such power,
      right or privilege preclude other or further exercise thereof or of any other
      right, power or privilege.

     

    Section
      4.8  Waivers.
      Except as otherwise specifically provided herein, the Maker and all others
      that
      may become liable for all or any part of the obligations evidenced by this
      Note,
      hereby waive presentment, demand, notice of nonpayment, protest and all other
      demands' and notices in connection with the delivery, acceptance, performance
      and enforcement of this Note.

     

    Section
      4.13     Certain
      Definitions.
      For the
      purposes hereof, the following terms shall have the following
      meanings:

    

    “Person”
means
      an individual or a corporation, partnership, trust, incorporated or
      unincorporated association, joint venture, limited liability company, joint
      stock company, government (or an agency or political subdivision thereof) or
      other entity of any kind.

     

    “Trading
      Day”
means
      a
      day in which the Common Stock is traded in the over-the-counter market, as
      reported by the NASD OTC Bulletin Board or such other exchange on which the
      Common Stock is then traded.

    

    

    

    [Signature
      Page Follows]

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Maker has executed this Amended and Restated Convertible
      Promissory Note as of the day and year first above written.

     

    
      	 	 	 
	 	WT
              HOLDINGS CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
              

            
	 	
              Ke
                Huang

              Chief
                Executive Officer

            

   

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

    FORM
      OF

     

    NOTICE
      OF CONVERSION

     

    (To
      be
      completed and executed by the Holder in order to convert the Note)

     

    

     

    Reference
      is made to the Amended and Restated Convertible Promissory Note dated May __,
      2006 issued to the undersigned note holder (“Note”).
      The
      undersigned hereby irrevocably elects to convert $ ________________ of the
      principal amount and interest of the above Note into shares of Common Stock
      of
      WT Holdings Corporation
      (the
“Maker”)
      according to the terms and conditions of the Note, as of the date written below.
      

    

    Date
      of
      Conversion _____________________

    

    Applicable
      Conversion Price $ ______________

    

    Number
      of
      shares of Common Stock 

    beneficially
      owned or deemed beneficially 

    owned
      by
      the Holder on the Date of Conversion: ______________________

    

     

    _________________________________

    Name
      of
      Holder

    

    _________________________________

    Authorized
      Representative

    

    _________________________________

    Title

    

    _________________________________

    Signature

    

    
      Address:

      

      ____________________________________________________________________

      

      ____________________________________________________________________

      

      ____________________________________________________________________

       

    

    
      
        
          
            
              
                
                

              

              
                10Exhibit 10.1 - Employment Agreement with Scott R. Holtmyer

    Exhibit
      10.1

    
 

    EMPLOYMENT
      AGREEMENT

     

    This
      EMPLOYMENT AGREEMENT ("Agreement"),
      effective as of the 18th day of May, 2006 (the "Date
      of Employment"),
      is
      entered into by and between Park InfusionCare, L.P., a Texas limited
      partnership, with its principal place of business in Dallas, Dallas County,
      Texas ("Employer"),
      and
      Scott R. Holtmyer, a resident of Jefferson County, Texas ("Employee").
      

     

    W
      I T N E
      S S E T H:

     

    WHEREAS,
      Employer is a limited partnership which owns and operates an infusion pharmacy
      business whose principal office is located at 16250 Dallas Parkway, in the
      City
      of Dallas, Dallas County, Texas (the "Business");
      

     

    WHEREAS,
      Employer now desires to employ Employee as the Vice President in charge of
      all
      infusion pharmacy operations of Employer; and 

     

    WHEREAS,
      Employer desires to employ Employee, and Employee desires to be employed by
      Employer, upon the terms and conditions hereinafter set forth.

     

    NOW,
      THEREFORE,
      for and
      in consideration of the premises and the mutual promises, covenants, and
      agreements herein contained and other good and valuable consideration, the
      receipt and adequacy of which are hereby forever acknowledged and confessed,
      the
      parties hereto agree as follows: 

     

    ARTICLE
      I  

     

    EMPLOYMENT

     

    Employer
      hereby agrees to employ Employee, and Employee hereby agrees to serve Employer,
      as herein set forth, for the "Term
      of Employment"
      (as
      that term is hereinafter defined). 

     

    ARTICLE
      II  

     

    DUTIES
      OF EMPLOYEE

     

    During
      the Term of Employment, Employee shall, serve as Vice President of infusion
      pharmacy operations in charge of supervising all operations of the infusion
      pharmacy business of Employer. Employee will also, subject to the direction
      and
      instructions of the Board of Directors of Employer and the chief executive
      officer of Employer, satisfy the requirements and perform the functions and
      duties set forth in this Agreement. Such functions and duties shall include,
      without limitation: 

     

    
      	 	
              2.1

            	
              devoting
                Employee's full professional time, attention, and energy to the business
                of Employer as Employer shall reasonably determine will satisfactorily
                accomplish the purposes of this Agreement;

            

    

     

    
      	 	
              2.2

            	
              providing
                reasonable professional direction and supervision of the infusion
                pharmacy
                personnel of Employer, including providing Employer with advice and
                assistance in the hiring, evaluation, promotion, and firing of such
                personnel; 

            

    

     

    
      	 	
              2.3

            	
              assisting
                Employer in the development of policies and procedures for the infusion
                pharmacy business and keeping such business in compliance with all
                such
                policies and procedures; 

            

    

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    
      	 	
              2.4

            	
              doing
                all things reasonably necessary or desirable to maintain and improve
                his
                skills as a manager; 

            

    

     

    
      	 	
              2.5

            	
              using
                Employee's reasonable efforts to promote and support the interests
                (business and otherwise) of Employer, including but not limited to
                participating as requested by Employer in marketing activities and
                efforts; 

            

    

     

    
      	 	
              2.6

            	
              assisting
                the Employer in marketing and developing marketing plans and procedures
                to
                expand sales of the products and services of the infusion pharmacy
                business to both existing and new
                customers;

            

    

     

    
      	 	
              2.7

            	
              keeping
                and maintaining (or causing to be kept and maintained) appropriate
                records
                relating to the Business of the Employer and attending to correspondence,
                reports, and other record keeping requirements associated with Employee's
                duties with Employer; 

            

    

     

    
      	 	
              2.8

            	
              taking
                reasonable efforts to see that the Employer complies with all state,
                federal, and local laws, rules, and regulations applicable to the
                Business
                of the Employer; 

            

    

     

    
      	 	
              2.9

            	
              complying
                in all respects with the rules, policies, and procedures of Employer;
                

            

    

     

    
      	 	
              2.10

            	
              abiding
                by any reasonable schedule of hours formulated by Employer;
                

            

    

     

    
      	 	
              2.11

            	
              at
                the request or with the consent of Employer, attending conventions
                and
                seminars, participating in professional societies the cost of which
                will
                be paid by Employer, and doing all things reasonably desirable to
                maintain
                and improve his professional skills;

            

    

     

    
      	 	
              2.12

            	
              cooperating
                with other employees and officers of Employer in all reasonable manners;
                and

            

    

     

    
      	 	
              2.13

            	
              performing
                in a diligent and timely manner such duties as set forth herein and
                such
                other duties as Employer and Employee may, from time to time, agree.
                

            

    Employee
      agrees to observe and comply with the reasonable rules and regulations of
      Employer and the Business as adopted from time to time. Employee shall not
      engage in any business or other activity that hinders in any way Employee's
      ability to serve as the Vice President of Infusion of the infusion pharmacy
      business of Employer. Employee shall perform his duties hereunder from offices
      located in the City of Beaumont, Jefferson County, Texas, but will travel on
      a
      regular basis to Houston, Dallas, San Antonio, and any other cities in which
      branches of the Business are located.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    ARTICLE
      III  

     

    COMPENSATION
      AND PROFESSIONAL FEES

     

    3.1  Compensation
      During Term of Employment.
      As
      compensation for Employee's services hereunder during the Term of Employment,
      and in consideration of Employee's agreement contained herein, Employer shall
      pay Employee an annual base salary of $165,000.00 paid in accordance with
      Employer's normal pay schedules on a semi-monthly basis, with appropriate taxes
      and withholdings deducted therefrom as required of or by Employer. In addition,
      Employee shall receive a bonus ("EBITDA
      Bonus")
      each
      calendar year based on the earnings before federal income taxes, any state
      taxes
      based on income or receipts, depreciation and amortization of the Employer
      ("EBITDA").
      If
      EBITDA in any calendar year during the term of this Agreement is five percent
      (5.0%) or more but less than ten percent (10%) of the gross revenues of the
      Employer for such calendar year, Employer shall pay Employee a bonus equal
      to
      ten percent (10.0%) of Employee's base salary for such calendar year and if
      EBITDA for any calendar year during the term of this Agreement is equal to
      or
      more than ten percent (10%) of gross revenues of the Employer for such calendar
      year, Employer shall pay Employee a bonus equal to twenty percent (20%) of
      Employee's base salary for such calendar year. Such cash bonuses, if any, will
      be paid prior to March 31 of the year following each calendar year during
      the term of this Agreement. Notwithstanding the above, Employee shall only
      be
      entitled to such cash bonus if he is employed at the end of such calendar year
      and through the earlier of (i) the date the bonus is paid, or (ii) March 31
      of the year following the calendar year for which such bonus is calculated.
      

     

    3.2  Equity
      Bonus and Severance.
      The
      Employer and Employee agree that the current net value of the business of
      Employer is $3,600,000.00. Upon a Change of Control (as defined below) which
      occurs either (i) while Employee is an employee or (ii) within one
      hundred eighty (180) days after Employee's employment is terminated pursuant
      to
Section 4.2.5,
      then
      Employer shall pay to Employee twenty percent (20%) of the amount by which
      the
      total consideration received by Employer for sale or exchange of its assets
      or
      the equity owners of Employer receive for the sale or exchange of their equity
      ownership interest exceeds $3,600,000.00 (the "Equity
      Bonus").
      The
      Equity Bonus shall be paid by Employer to Employee within thirty (30) days
      after
      such Change of Control is effected. As used in this Article III
      the
      following definitions shall apply:

     

    (a)  "Change
      of Control"
      means,
      the occurrence at any time after the date hereof of (i) any Person or Group
      of
      Persons becoming for the first time the owner, directly or indirectly, of more
      than fifty percent (50%) of the total combined voting power of all classes
      of
      equity of the Employer, other than as a result of a transfer or series of
      transfers between Parent and/or one or more Subsidiaries and shall exclude
      any
      transfers of equity or changes in control of Parent; (ii) a merger or
      consolidation of the Employer with or into another Person or the merger of
      another Person into the Employer as a consequence of which Parent and/or one
      or
      more Subsidiaries do not own or control either directly or indirectly a majority
      of the equity of the Employer (or, if applicable, the surviving Person of such
      merger or consolidation) after the consummation of such merger or consolidation;
      or (iii) the sale of all or substantially all of the assets of the Employer
      to
      any Person or Group of Persons (other than to the Parent and/or one or more
      Subsidiaries).

     

    (b)  "Group"
      means a
      "group" as such term is used in Section
      13(d)(3)
      of the
      Exchange Act. 

     

    (c)  "Parent"
      means
      Ascendant Solutions, Inc., a Delaware corporation.

     

    (d)  "Person"
      means
      any individual, corporation, partnership, limited liability company, joint
      venture, estate, trust, unincorporated association, or any other
      entity.

     

    (e)  "Subsidiary"
      means
      any Person in any unbroken chain of Persons beginning with the Parent if, each
      of the Persons (other than the last Person in the unbroken chain) owns stock
      (or
      other equity interests) possessing 50% or more of the total combined voting
      power of all classes of stock (or other equity interests) in one of the other
      Persons in such chain.

     

    In
      addition, following the Change of Control, if the new owner (if any) of Employer
      or the transferred assets of Employer does not hire Employee as an employee
      in a
      comparable position with the same or similar responsibilities and at a base
      salary equal to or in excess of the base salary of Employee at the time of
      such
      Change of Control, then Employer shall pay to Employee as severance pay
      hereunder a sum equal to one (1) year's base salary then in effect payable
      on
      the funding of such Change of Control. 

     

    3.3  Benefits.
      Employer shall provide Employee with the following benefits during the Term
      of
      Employment:

     

    (a)  Employer
      will reimburse Employee for the cost of a cellular telephone for use by Employee
      for Employer's business purposes and will reimburse Employee for all bills
      for
      such telephone.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    (b)  Employer
      will provide health insurance, medical and hospital treatment benefits for
      Employee at Employer's expense with such medical and hospital treatment program
      (whether through insurance, a preferred provider organization, health
      maintenance organization, or other type of benefits) as the Employer may from
      time to time have in effect for its other employees. Employer may cover
      Employee's spouse and other dependents at Employee's own expense through payroll
      deductions on such basis as such health benefits then in effect allow.

     

    (c)  Employee
      shall be entitled to participate in such pension or retirement plans, if any,
      as
      the Employer may from time to time offer to its other employees on the same
      basis as the other employees of Employer.

     

    (d)  Employee
      shall be paid a car allowance of $500.00 per month during the term of this
      Agreement.

     

    3.4  Section
      409A.
      To the
      extent (i) any payments to which Employee becomes entitled under this Agreement,
      or any agreement or plan referenced herein, in connection with Employee's
      termination of employment with Employer constitute deferred compensation subject
      to Section 409A of the Code, and (ii) Employee is deemed at the time of such
      termination of employment to be a "specified employee" under Section 409A of
      the
      Code, then such payment or payments shall not be made or commence until the
      earliest of (x) the expiration of the six (6) month period measured from the
      date of Employee's "separation from service" (as such term is defined in
      Proposed Treasury Regulations under Section 409A of the Code and any successor
      thereto) with Employer; (y) the date Employee becomes "disabled" (as defined
      in
      Section 409A of the Code); and (z) the date of Employee's death following such
      separation from service. During any period that payment or payments to Employee
      are deferred pursuant to the foregoing, Employee shall be entitled to interest
      on the deferred payment or payments at a per annum rate equal to the highest
      rate of interest applicable to six (6) month money market accounts offered
      by
      the following institutions: Citibank N.A., Wells Fargo Bank, N.A. or Bank of
      America, on the date of such "separation from service." Upon the expiration
      of
      the applicable deferral period, any payments which would have otherwise been
      made during that period (whether in a single sum or in installments) in the
      absence of this section (together with accrued interest thereon) shall be paid
      to Employee or Employee's beneficiary in one lump sum. Notwithstanding anything
      to the contrary, any delay in making a payment pursuant to this section shall
      not otherwise affect the obligation of Employer to ultimately make such payment
      to Employee.

     

    ARTICLE
      IV  

     

    TERM
      AND TERMINATION 

     

    4.1  Term
      of Employment.
      As used
      herein, "Term
      of Employment"
      shall
      mean the period commencing and effective date of this Agreement, and ending
      twelve (12) full calendar months thereafter unless earlier terminated as
      provided herein. This Agreement shall be automatically renewed for successive
      one year periods after the initial year term of this Agreement, unless
      terminated as provided herein, or unless prior to the expiration of the initial
      term of this Agreement or any renewed term, Employee or the Employer provides
      at
      least thirty (30) days prior written notice to the other of such party’s desire
      not to continue the employment relationship (the term, as so extended or earlier
      terminated, is referred to herein as the “Term”).

     

    4.2  Termination.This
      Agreement shall terminate upon the first to occur of the following each of
      which
      shall constitute good cause for termination of this Agreement: 

     

    4.2.1  Death
      or Military Service of Employee.
      Upon
      the date of death of Employee or the date Employee voluntarily enlists into
      active military service; 

     

    4.2.2  Disability
      of Employee.
      Unless
      Employer agrees otherwise in writing, upon the inability of Employee to perform
      fully Employee's duties hereunder, whether by reason of injury or illness
      (physical or mental), incapacitating Employee either for a continuous period
      exceeding one hundred twenty (120) calendar days, or for a noncontinuous period
      exceeding one hundred eighty (180) calendar days during any twelve (12) calendar
      month period, excluding any leaves of absence approved in writing by Employer.
      In connection herewith, Employer shall have the right to have Employee examined
      at such reasonable time or times by such physicians as Employer and Employee
      agree upon (if Employer and Employee fail to agree upon a physician to conduct
      such examination, Employer and Employee shall each designate a physician and
      the
      designated physicians shall appoint a third physician to conduct the
      examination), and Employee will reasonably cooperate with such physician to
      be
      available for and submit to such examination; 

     

    4.2.3  Immediate
      Termination.
      On the
      revocation, termination, or suspension by any governmental entity of any
      professional license held by Employee and required to perform Employee's
      services hereunder for any cause, on the commission of any crime by Employee
      involving moral turpitude, on Employee's embezzling any funds or property of
      Employer or committing any other dishonest act towards Employer, on the Employer
      determining that the Employee was under the influence of alcohol or illegal
      drugs during working hours, or Employee refusing to obey a supervisor's order
      or
      request, or on Employee's abusive or aggressive behavior towards other employees
      or customers of Employer.

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    4.2.4  Material
      Breach and Other Good Cause for Termination.
      Either
      party hereto may upon the other party's material breach of this Agreement which
      remains uncorrected for thirty (30) days following written notice of said breach
      to the breaching party, terminate this Agreement on written notice to the other.
      

     

    4.2.5  Termination
      by Employer Without Cause.
      Employer may terminate Employee's employment under this Agreement without any
      cause whatsoever by giving Employee thirty (30) days' written notice or, at
      the
      election of Employer, immediate notice and the payment in lieu of notice of
      an
      amount equal to his base salary for the previous thirty (30) days, at the time
      set forth therein plus, if such termination is made pursuant to this
Section 4.2.5,
      an
      amount equal to the greater of (i) the base salary that would be payable to
      Employee from and after such 30-day period through the remainder of the Term
      of
      the Agreement (which shall not exceed eleven (11) months); or (ii) the base
      salary that would be payable to Employee from and after such 30-day period
      for
      another ninety (90) days, in equal installments as provided in Section 3.1.
      

     

    4.3  Effect
      of Termination.
      In the
      event of termination of this Agreement, Employer shall no longer be obligated
      to
      make any further payments hereunder or otherwise. Subject to the provisions
      hereof, in the event of such termination, any monies earned hereunder by, but
      not yet paid to, Employee shall be paid by Employer to Employee or Employee's
      surviving spouse, if any, or if none, to Employee's estate, and Employee or
      Employee's surviving spouse or estate shall pay any amount or amounts then
      owed
      by Employee to Employer, and Employee shall immediately and peacefully depart
      from any premises controlled by Employer, all without prejudice to any other
      rights or remedies of Employer available at law or equity. 

     

    ARTICLE
      V  

     

    VACATION
      AND LEAVE; BUSINESS EXPENSES 

     

    5.1  Vacation.
      Employee will be entitled to vacation, holidays, and continuing education leave
      and expense reimbursement as follows: 

     

    (a)  The
      Employee shall be entitled to the standard holidays recognized by Employer
      that
      other employees receive and may work up to two (2) of such holidays and take
      off
      two (2) days of compensating time.

     

    (b)  The
      Employee shall be entitled to three (3) weeks (including 15 working days)
      annually for vacation as well as two (2) days of personal leave each
      year.

     

    (c)  The
      Employee shall be entitled to attend continuing education seminars, or
      professional conventions, during the year at the expense of Employer as approved
      in advance by Employer and all expenses incurred in connection with such
      attendance shall be the responsibility of Employer, but Employee shall allow
      leave for attending such continuing education which shall not be counted against
      vacation time or personal or sick leave.

     

    (d)  The
      Employee shall be entitled to compensated and uncompensated sick time in
      accordance with Employee's policy from time to time in effect.

     

    (e)  Vacation
      time and personal leave and sick leave shall not be carried over or accumulated
      from year to year but must be taken in each calendar year granted by Employer
      or
      shall be lost and waived by Employee. 

     

    5.2  Employee
      Business Expenses.
      Employee is encouraged and expected, and from time to time as may be reasonably
      requested by Employer, to promote the business of Employer. In conjunction
      with
      such requests, Employer anticipates that Employee will incur expenses for
      travel, entertainment, professional advancement, and community service. Employee
      will be reimbursed for expenses he incurs on behalf of Employer, as long as
      such
      expenses are reasonable and necessary. 

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    ARTICLE
      VI  

     

    RECORDS
      AND EMPLOYEES

     

    6.1  Records
      of Employer.
      Employee acknowledges that any papers, records, customer lists, files, or other
      documents or copies thereof or other confidential information of any kind
      pertaining to Employer's business, sales, financial condition, products, or
      other activities, including any copies, worksheets, or extracts from any of
      the
      above, belong to and will remain the property of Employer. Employee further
      agrees that should Employee leave the active service of Employer, Employee
      will
      neither take nor retain any property of Employer without prior written
      authorization from Employer. Employee covenants and agrees that for a period
      beginning on the date hereof and ending one (1) year after the date of
      termination of Employee's employment with Employer (whether voluntary or
      involuntary), Employee shall not continue or commence to: either directly or
      indirectly for his own behalf or on behalf of any Person (as defined in
Article III)
      solicit
      for employment or solicit to provide services in any other capacity or employ
      or
      otherwise contract for services for any person employed by or who provides
      services in any other capacity to Employer at any time during the twelve (12)
      month period immediately preceding the termination of Employee's
      employment.

    ARTICLE
      VII  

     

    ADDITIONAL
      PROVISIONS 

     

    7.1  Additional
      Assurances.
      The
      provisions of this Agreement shall be self-operative and shall not require
      further agreement by the parties, except as may be specifically provided to
      the
      contrary; provided, however, at the request of Employer, Employee shall execute
      such additional instruments and take such additional acts as Employer may deem
      necessary to effectuate this Agreement. 

     

    7.2  Legal
      Fees and Costs.
      In the
      event that either party hereto shall incur attorneys' fees and expenses to
      enforce the terms and provisions of this Agreement, the party who shall prevail
      in the enforcement of the terms and provisions hereof shall be entitled to
      recover its attorneys' fees and expenses from the other party
      hereto.

     

    7.3  Choice
      of Law and Venue.
      This
      Agreement shall be governed by the laws of the State of Texas and shall be
      performable in Dallas County, Texas, and venue for any litigation regarding
      this
      Agreement shall be in the state or federal courts of Dallas County,
      Texas.

     

    7.4  Benefit/Assignment.
      Subject
      to provisions herein to the contrary, this Agreement shall inure to the benefit
      of and be binding upon the parties hereto and their respective legal
      representatives, successors, and assigns; provided, however, that Employee
      may
      not assign this Agreement or any or all of Employee's rights or obligations
      hereunder without the prior written consent of the Employer. 

     

    7.5  Waiver
      of Breach.
      The
      waiver by Employer of a breach or violation of any provision of this Agreement
      shall not operate as, or be construed to be, a waiver by Employer of any
      subsequent breach of the same or other provision hereof. 

     

    7.6  Notice.
      Any
      notice, demand, or communication required, permitted, or desired to be given
      hereunder shall be deemed effectively given when personally delivered or mailed
      by prepaid certified mail, return receipt requested, addressed as follows:
      

     

    Employer:  Park
      Infusioncare, LP

    16250
      Dallas Parkway, Suite 100

    Dallas,
      Texas 75248

    Attn:
      David E. Bowe

    

    Employee:  Scott
      R.
      Holtmyer

    2455
      Harrison 

    Beaumont,
      TX 77702 

    

    or
      to
      such other address and to the attention of such other person or officer as
      either party may designate by like written notice. 

     

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    

     

    7.7  Severability.
      This
      Agreement is intended to be performed in accordance with, and only to the extent
      permitted by, all applicable laws, ordinances, rules, and regulations. In the
      event any provision of this Agreement is held to be invalid, illegal, or
      unenforceable for any reason and in any respect, and the basis of the bargain
      of
      this Agreement is not thereby destroyed, such invalidity, illegality, or
      unenforceability shall not affect the remainder of this Agreement, which shall
      be and remain in full force and effect, enforceable in accordance with its
      terms. 

     

    7.8  Gender
      and Number.
      Whenever the context of this Agreement requires, the gender of all words herein
      shall include the masculine, feminine, and neuter, and the number of all words
      herein shall include the singular and plural. 

     

    7.9  Divisions
      and Headings.
      The
      divisions of this Agreement into articles and sections and the use of captions
      and headings in connection therewith are solely for convenience and shall have
      no legal effect in construing the provisions of this Agreement. 

     

    7.10  Entire
      Agreement/Amendment.
      This
      Agreement supersedes all previous contracts, and constitutes the entire
      agreement of whatsoever kind or nature existing between or among the parties
      respecting the subject matter. No party shall be entitled to benefits other
      than
      those specified herein. As between or among the parties, no oral statements
      or
      prior written material not specifically incorporated herein shall be of any
      force and effect. The parties specifically acknowledge that, in entering into
      and executing this Agreement, each is relying solely upon the representations
      and agreements contained in this Agreement and no others. All prior
      representations or agreements, whether written or oral, not expressly
      incorporated herein, are superseded and no changes in or additions to this
      Agreement shall be recognized unless and until made in writing and signed by
      all
      parties hereto. 

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Agreement to be executed in multiple original
      counterparts, all as of the day and year first above written. 

     

    

    

    
      	
              EMPLOYER: 

            	 	
              PARK
                INFUSIONCARE, LP, a Texas 

              Limited
                partnership

            
	 	 	
              By: Dougherty's
                Operating GP, LLC

            
	
               

            	 	
              /s/
                David E. Bowe

            
	 	 	
              Name:
                David E. Bowe

            
	 	 	
              Title:
                Chairman

            
	 	 	 
	
              EMPLOYEE:

            	 	
              /s/
                Scott R. Holtmyer

            
	 	 	
              
                SCOTT
                  R. HOLTMYER

              

            

    

     

     

    -9-

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