Document:

Exhibit

EXHIBIT 10.1
QUMU CORPORATION
PERFORMANCE STOCK UNIT AWARD AGREEMENT
	
		
	Participant: __________________________
	Grant: ________ Performance Stock Units

	 
	Grant Date: _________________, 2017

THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”) is made as of the Grant Date set forth above, by and between Qumu Corporation, a Minnesota corporation (the “Company”), and the Participant named above (“Participant”) setting forth the terms and conditions of an award of Performance Stock Units granted to Participant pursuant to the Qumu Corporation Second Amended and Restated 2007 Stock Incentive Plan, as amended and as may be further amended and from time to time (the “Plan”).
1.Grant. Effective on the Grant Date, Participant has been granted the number of Performance Stock Units indicated above, which entitles Participant to receive up to the same number of shares of common stock of the Company (the “Stock”) in accordance with the provisions of this Agreement and the provisions of the Plan. Capitalized terms used herein and not defined shall have the meaning given such terms in the Plan.
2.Performance Vesting; Forfeiture. 
		
	a.
	As used in this Agreement, the following terms shall have the respective meanings:

		
	i.
	“2017 STI Plan” shall mean the 2017 Short-Term Incentive Plan approved by the Committee on March 8, 2017.

		
	ii.
	“Determination Date” means the date of determination and certification by the Committee of achievement of the Percentage Achievement.

		
	iii.
	“Percentage Achievement” means, as determined by the Committee, the percentage achievement of the target performance goals under the 2017 STI Plan, which shall not be more than 100%.

		
	b.
	The Performance Stock Units will vest and no longer be subject to the restrictions of and risk of forfeiture under this Agreement on the Determination Date as to the total number of Performance Stock Units indicated above multiplied by the Percentage Achievement, rounded down to the nearest whole share of Stock.

		
	c.
	If Participant’s employment with the Company and/or a subsidiary of the Company terminates for any reason, including, but not limited to death, Disability or Retirement, all Performance Stock Units at that time not vested shall be forfeited to the Company without payment of any consideration therefor as of the date of such termination unless the Committee determines that the Performance Stock Units shall vest as of the date of such termination.

		
	d.
	Notwithstanding any other provision of this Agreement, if there is a Change in Control of the Company, the Performance Stock Units will fully (100%) vest and no longer be subject to the restrictions of and risk of forfeiture under this Agreement.

3.Maturity and Issuance of Stock.   The “Maturity Date” for a particular Performance Stock Unit shall be the earliest date on which the Performance Stock Units vest and all restrictions described in Section 2 on such Performance Stock Units lapse. Upon the Maturity Date for a particular Performance Stock Unit, the Company shall, within 90 days of such date (30 days in the event of a Change in Control) issue and deliver to Participant one unrestricted, fully transferable share of Stock in settlement of that Performance Stock Unit; provided that notwithstanding the later delivery to Participant of Stock, Participant shall be deemed to be the record owner of such Stock on the Maturity Date.
4.No Rights as Shareholder in Units. Until Stock is issued in settlement of the Performance Stock Units on the Maturity Date, Participant will not be deemed for any purpose to be, or have rights as, a Company shareholder or receive dividends with respect to shares of Stock issuable with respect to the Performance Stock Units, except as provided below. Participant is not entitled to vote any shares of Stock by virtue of this Award until the Stock is issued in settlement of the Performance Stock Units. 
5.Dividend Equivalents.  During the period from the Grant Date to the Maturity Date, the Company shall accumulate a cash amount equal to dividends in cash or property paid from time to time on issued and outstanding shares of Stock in an amount that is equivalent to the dividends which Participant would have received had Participant been the owner of the number of shares of Stock equal to the number of Performance Stock Units granted hereunder.  The cash shall accumulate as a book 

entry on the books of the Company and shall accrue interest until the Maturity Date computed using the one-year Treasury Bill rate as of January 1 of the calendar year for which interest is credited.  A cash amount plus interest (collectively, “Dividends”) shall be paid to Participant on the Maturity Date in respect of the number of Performance Stock Units vested on the Maturity Date.  The payment of Dividends and interest hereunder shall be treated as additional compensation to Participant.
6.No Transferability. The Performance Stock Units or any interest or right therein or part thereof shall not be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other means, whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided that the Performance Stock Units may be transferable by will or the laws of descent and distribution as provided below. 
7.Administration and Compliance with Section 409A of the Code.  This Agreement is intended to comply with Section 409A of the Code or be exempt from Section 409A of the Code and shall be construed and interpreted in accordance with such intent.  Any provision of this Agreement that would fail to satisfy Section 409A of the Code shall be amended to comply with Section 409A of the Code on a timely basis, which may be made on a retroactive basis, in accordance with regulations and other guidance issued under Section 409A of the Code. This Agreement may be terminated by mutual agreement between Participant and the Company prior to the date all amounts have been distributed to Participant only if the termination complies with Section 409A of the Code.
8.Successors and Heirs. This Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. In the event of Participant’s death, any Stock to which Participant may become entitled pursuant to this Agreement or the Plan will be delivered to his or her heirs or personal representative in accordance with the terms of the Plan.
9.Governing Law. This Agreement and any matter relating to the Performance Stock Units will be construed, administered and governed in all respects under and by the applicable laws of the State of Minnesota, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of this Agreement, the Plan, the award of Performance Stock Units or the Stock to the substantive law of another jurisdiction.
10.Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require Participant to remit to the Company, as a condition precedent for the delivery by the Company of the Stock in settlement of the Performance Stock Units, an amount sufficient to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of the grant, vesting or settlement of the Performance Stock Units.  Such tax withholding amount may be satisfied by Participant if a U.S. employee in cash or in Stock, either by delivery of Stock already owned by Participant or by authorizing the Company to retain the number of Stock from the Stock issuable to Participant at the Maturity Date as the Company determines to be sufficient to satisfy such tax withholding obligation. Notwithstanding the foregoing, in no event shall payment of withholding taxes be made by retention of Stock by the Company unless the Company retains only Stock with a Fair Market Value equal to the minimum amount of taxes required to be withheld.  The Company may also deduct from any award under the Plan payment of any other amounts due by Participant to the Company.
11.Plan Controls. Notwithstanding anything in this Agreement to the contrary, the terms of this Agreement shall be subject to the terms of the Plan. In accordance with the Plan, all decisions of the Committee shall be final and binding upon Participant and the Company. 
IN WITNESS WHEREOF, the Company and Participant have each executed and delivered this Agreement as of the Grant Date.
	
		
	QUMU CORPORATION    

	 
	 

	By:
	 

	 
	 

	Its:
	 

	
	
	PARTICIPANT:

	 

	[NAME OF PARTICIPANT]EXHIBIT 10.1

 

PROFESSIONAL
RELATIONS AND CONSULTING AGREEMENT

 

THIS
PROFESSIONAL RELATIONS AND CONSULTING AGREEMENT (the “Agreement”) is between NEXEON MEDSYSTEMS INC, a Nevada
corporation, (the “Company”) whose address is 1708 Jaggie Fox Way, Lexington, Kentucky 40511 and ACORN MANAGEMENT
PARTNERS, L.L.C., a Georgia Limited Liability Company located at 4080 McGinnis Ferry Rd #1101, Alpharetta, GA 30005 (the “Consultant”).

 

RECITALS:

 

WHEREAS,
the Consultant is in the business of assisting public companies, ETF’s and REIT’s in strategic business outreach and
professional relations services designed to help the investing public become knowledgeable about the benefits of ownership in
particular companies through the calling and discussing those companies with financial professionals.

 

WHEREAS,
the Consultant has developed a proprietary multi-layered system designed to build long-term relationships between the Company
and the Consultant’s database of licensed financial professionals.

 

WHEREAS,
Consultant has advised the Company that the Consultant is not in the business of stock brokerage, investment advice, or any activities
which require registration under the Securities Act of 1933 (the “Act”), the Securities Exchange Act of 1934
(the “Exchange Act”), or the Investment Advisors Act, and that the Consultant does not offer services which
may require regulation under federal or state securities laws.

 

WHEREAS,
the Company agrees, after having a complete understanding of the services desired by the Company and the services to be provided
by the Consultant, that the Company desires to retain Consultant to provide its services as more fully set forth herein (the “Services”)
for the Company, and the Consultant is willing to provide the Services to the Company.

 

AGREEMENTS:

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, the receipt and sufficiency of which is hereby acknowledged,
the parties agree as follows;

 

	1.	DUTIES AND INVOLVEMENT

 

The
Company hereby engages Consultant to provide, on a non-exclusive basis, and Consultant agrees to provide, the Services to the
Company which will include the following investor services:

 

		•	Create
                                         a “Full Market Awareness Program” (the “Program”) that
                                         will be customized by the Consultant to fit Company’s needs in order to assist
                                         the Company in achieving its goals of creating awareness and knowledge about the Company
                                         and objectives over a period of time; 
	 	 	 
		•	Drive
                                         long-term investors through financial professionals to the Company for fundamental reasons,
                                         therefore steadily increasing the shareholder base and creating a truly sophisticated
                                         market. This is done by creating relationships with financial professionals over a period
                                         of time.
	 	 	 
		•	Expand
                                         the Company’s investor base through production of a “Quick Facts” sheet
                                         for the Company and conference calls between financial professionals and the Company’s
                                         appointed executive to speak with such professionals. Consultant will reach out to approximately
                                         3,000 contacts each month and provide a monthly broker report with all interested parties
                                         to the Company with relevant contact information. 
	 	 	 
		•	The
                                         Services will be performed and directed at a U.S. audience. 

 

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Consultant
may include the following additional services with the prior written consent of the Company: marketing surveys, professional financial
investor support, strategic assistance to the Company’s business planning, broker relations, conducting due diligence meetings,
attendance at conventions and trade shows, stockholder communications, review and assistance in updating a business plan, review
and consulting advice on the capital structure for the Company, financial analyst and newsletter campaigns, conferences, seminars
and national and international tours, including, but not by way of limitation, due diligence meetings, investor conferences and
institutional conferences, printed media advertising design, television advertisements/commercials, newsletter production, broker
solicitation campaigns, electronic public relations campaigns, direct mail campaigns, placement in investment publications and
obtaining third party research coverage. These
services typically have additional third party fees, costs and service contracts associated with all of them and would be subject
to additional funding by the Company at no cost to Consultant.

 

Consultant
will not distribute or disseminate any information concerning the Company in any form or medium, unless such information and the
form and context in which it is to be presented has either (i) been provided to Consultant by the Company expressly for distribution
or dissemination pursuant to this Agreement, or (ii) has been reviewed and approved in writing by the Company prior to its distribution
or dissemination by Consultant. Consultant will provide the Company a reasonable amount of time to review and ensure the accuracy
and completeness of all such information.

 

	2.	RELATIONSHIP AMONG THE PARTIES

 

Consultant
and Company each acknowledge and agree that in providing the Services the Consultant will be acting as an independent contractor.
Nothing herein shall be construed to create a joint venture or partnership between the parties hereto or an employee/employer
relationship. Consultant shall be an independent contractor pursuant to this Agreement. Neither party hereto shall have any express
or implied right or authority to assume or create any obligations on behalf of or in the name of the other party or to bind the
other party to any contract, agreement or undertaking with any third party. The Consultant and its employees and agents are not
officers, directors or agents of the Company, and will not be responsible for any management decisions on behalf of the Company,
and may not commit the Company to any action. The Company and the Consultant further acknowledge and agree that the Consultant
does not have, through stock ownership or otherwise, the power to control the Company as “control” is defined in the
Act, the Exchange Act, or as used in common usage. Consultant shall not take any actions that would result in Consultant gaining
the power to “control” the Company.

 

	3.	EFFECTIVE DATE, TERM AND TERMINATION

 

		a.	Term.
                                         Subject to earlier termination according to the terms herein, this Agreement shall
                                         be effective on February 15, 2017 and will continue until February 14, 2018.
	 	 	 
		b.	TERMINATION: 
                                         This Agreement may be terminated at any time by either party for convenience, upon delivery
                                         of written notice to the other party.  If this Agreement is terminated by the Company
                                         before the end of the first Six-month, or the following three month-periods described
                                         in Section 5 below, then the Consultant shall be entitled to receive the entire compensation
                                         for the complete 6-month or 3-month period as applied. After such termination of this
                                         Agreement, Consultant shall not be entitled to any compensation for any periods that
                                         have not started following the date of termination.

 

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	4.	TERM RENEWAL OR EXTENSION

 

This
Agreement will not be automatically renewed or extended for any successive term unless by written mutual agreement on terms to
be agreed upon.

 

	5.	COMPENSATION AND PAYMENT OF EXPENSES

 

In
consideration of the Services, the Company agrees to pay to the Consultant the following fees:

 

First
Period - 6 Month term

 

		•	CASH:
                                         $7,500 per month 
	 	 	 
		•	STOCK:
                                         $125,000 of restricted common stock of the Company, to be determined by dividing $125,000 by the closing
share price on the last trading day before the due date of this contract which is the execution date of this contract.

 

Second
Period - 3 Month term

 

		•	CASH:
                                         $7,500 per month 
	 	 	 
		•	STOCK:
                                         $62,500 of restricted common stock of the Company, to be determined by dividing $62,500
                                         by the closing share price on the last trading day before the due date of the start of
                                         the prior period as per the contract. 

 

Last
Period - 3 Month term

 

		•	CASH:
                                         $10,000 per month 
	 	 	 
		•	STOCK:
                                         $50,000 of restricted common stock of the Company, to be determined by dividing $50,000
                                         by the closing share price on the last trading day before the due date of the start of
                                         the prior period as per the contract. 

 

Payment
Terms.

 

Cash.
First payment will be made on the first day of engagement. All other payments will be made under said terms above. All
cash payments will be made by wire and within no later than a 3-day grace period of the due date which is the 15th of the
month. 

 

Wells
Fargo Bank NA 

6175
Windward Parkway 

Alpharetta,
GA 30005

Phone
678-297-1062

ABA#
121000248

 

Acorn
Management Partners 

4080
McGinnis Ferry Road, Suite 1101 

Alpharetta,
Ga. 30005 

Acct#
2000043749957

(If
Needed) International Swift Code WFBIUS6S

 

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Stock:
All stock issued by the Company is fully earned on the execution of this contract and must be issued and begins vesting in
accordance to the terms and dates agreed by both parties as set forth above.

 

The
Restricted Shares shall be restricted and will bear the following restricted legend or something similar:

 

“The
shares represented by this Certificate have not been registered under the Securities Act of 1933, as amended (the “Act”),
and have been acquired for investment and not with a view to, or in connection with, the sale or distribution thereof. No transfer
of these shares or any interest therein may be made except: (i) pursuant to an effective registration statement under the Act;
(ii) pursuant to and in accordance with the terms and conditions of Rule 144; or (iii) pursuant to an opinion of counsel satisfactory
to the issuer that such transfer does not require registration under the Act.”

 

The
Restricted Shares will be delivered to:

 

ACORN
MANAGEMENT PARTNERS, L.L.C. 

4080
McGinnis Ferry Road, Suite 1101, Alpharetta, GA 30005

Tax
ID Number 26-2597933

 

Reimbursable
Expenses. Consultant shall not incur any individual expense over $500.00, or any expenses exceeding $500 in the aggregate
in any calendar month, without Company’s prior written approval. Consultant will submit supporting documentation of all
expenses.

 

	6.	CONSULTANT’S REPRESENTATIONS AND WARRANTIES

 

Consultant
represents and warrants to, and covenants with, the Company, as follows:

 

		a.	Consultant
                                         has the capacity, power and authority to enter into this Agreement and Consultant has
                                         the ability, experience, skills and certifications and other approvals necessary to carry
                                         out its obligations under this Agreement.
	 	 	 
		b.	Consultant
                                         and its officers, employees, agents and consultants shall comply with all securities
                                         laws and regulations applicable to the Company and Consultant, and all policies, rules
                                         and requirements of any exchange or quotation system on which the shares of the Company
                                         trade.
	 	 	 
		c.	Consultant
                                         shall, and shall cause its officers, employees, agents and co-consultants to act at all
                                         times in the best interests of the Company and to perform the services contemplated by
                                         this Agreement with the standard of care, skill and diligence of an experienced consultant
                                         with experience in performing investor relations, public relations and related types
                                         of services.
	 	 	 
		d.	Consultant,
                                         upon notice from the Company, will cease all services under this Agreement for the period
                                         directed by the Company without effect on the payment of compensation due hereunder.
	 	 	 
		e.	Consultant
                                         will not engage in any transaction involving the offer or sale of securities of the Company,
                                         and will not solicit or encourage any other party to engage in any transaction involving
                                         the offer or sale of securities of the Company, at any time that Consultant is in possession
                                         of material non-public information concerning the Company.
	 	 	 
		f.	Neither
                                         Consultant nor any of its affiliates or associates have or will act or be considered
                                         to act as a finder, underwriter, broker, dealer or promoter of any of the Company’s
                                         securities and none of the services required to be provided by Consultant under this
                                         Agreement shall require that they be registered as such. Further, Consultant agrees not
                                         to perform any services under this Agreement that would require such registration. All
                                         payments and authorizations under this Agreement constitute compensation for services
                                         performed or to be performed and do not constitute an offer, payment, promise or authorization
                                         for payment to Consultant, or its affiliates and/or associates to act as a finder, underwriter,
                                         broker, dealer or promoter of any of the Company’s securities.
	 	 	 

 

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		g.	Consultant
                                         shall comply with all instructions and directions regarding the Services under this Agreement
                                         received from the Company. 
	 	 	 
		h.	Neither
                                         Consultant nor any of Consultant’s officers, directors, employees, agents or subcontractors,
                                         or, to the knowledge of Consultant, any of their affiliates, is subject to any disciplinary
                                         action by either the Financial Industry Regulatory Authority (FINRA) or the U.S. Securities
                                         and Exchange Commission by virtue of any violation of such organization’s rules
                                         and regulations.
	 	 	 
		i.	Consultant
                                         understands that the Restricted Shares have not been registered for sale under Federal
                                         or state securities laws and that the shares are being offered and sold to Consultant
                                         pursuant to one or more exemptions from the registration requirements of such securities
                                         laws. Consultant is, and at all times during the term of this Agreement will be, an “accredited
                                         investor” within the meaning of Regulation D under the Act. Consultant shall immediately
                                         notify Company if Consultant is no longer an “accredited investor” and, following
                                         Consultant’s failure to qualify as an “accredited investor”, Consultant
                                         shall not be entitled to receive any additional Restricted Shares. In the absence of
                                         an effective registration of the Restricted Shares or an exemption therefrom, any certificates
                                         for such securities shall bear an appropriate restrictive legend. Consultant understands
                                         that it must bear the economic risk of its investment in the Restricted Shares for an
                                         indefinite period of time, as such shares have not been registered under Federal or state
                                         securities laws and therefore cannot be sold unless subsequently registered under such
                                         laws, unless an exemption from such registration is available. Consultant is acquiring
                                         the Restricted Shares for its own account for investment and not with a view to, or for
                                         sale in connection with, any distribution thereof. Consultant’s investment in the
                                         Company will not be made in whole or in part using funds in an IRA or employee benefit
                                         plan. The shares may not be sold or otherwise transferred unless (i) a registration statement
                                         with respect to such transfer is effective under the Act and any applicable state securities
                                         laws or (ii) such sale or transfer is made pursuant to one or more exemptions from the
                                         Act.
	 	 	 
		j.	Consultant
                                         has received all of the materials relating to the Company which it has requested. Consultant
                                         has been afforded an opportunity to ask questions of, and receive answers from, the Company
                                         in connection with the offering of Restricted Shares pursuant to this Agreement. Consultant
                                         has not received, nor is the Consultant relying on, any oral or written representation
                                         in connection with the offering of the Restricted Shares by the Company which is not
                                         contained in this Agreement. Consultant (i) has obtained, in Consultant’s judgment,
                                         sufficient information to evaluate the merits and risks of an investment in the Company,
                                         and (ii) has sufficient knowledge and experience in financial and business matters to
                                         evaluate the merits and risks associated with such investment and to make an informed
                                         investment decision with respect thereto. With the assistance of Consultant’s own
                                         professional advisors, to the extent that Consultant has deemed appropriate, Consultant
                                         has made its own legal, tax, accounting and financial evaluation of the merits and risks
                                         of an investment in the Restricted Shares and the consequences of this Agreement.

 

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	7.	SERVICES NOT EXCLUSIVE

 

Consultant
shall devote such of its time and effort necessary to the performance of the Services hereunder. The Company acknowledges that
Consultant is engaged in other business activities, and that it will continue such activities during the Term of this Agreement.
Consultant shall not be restricted from engaging in other business activities during the Term of this Agreement, including, without
limitation, providing services similar to the Services to companies who may compete with the Company.

 

	8.	CONFIDENTIALITY

 

Each
party acknowledges that it may have access to confidential information regarding the other party and its business. Consultant
and the Company agree they will not, during or subsequent to the Term of this Agreement, divulge, furnish or make accessible to
any person (other than with the written permission of the other party) any Confidential Information of the other party. Confidential
Information shall mean information that is not publicly known and which the party intends to keep confidential and informs the
other party of its desire to keep confidential.

 

Consultant
acknowledges that pursuant to this Agreement Consultant may receive confidential insider information about the Company. Consultant
and any director, manager, officer, employee, agent or other person acting on its behalf agrees not to disclose such information
to anyone, including, but not limited to, the Consultant’s family, friends, business associates or affiliates, until such
information has been approved for release by the Company and is released to the general public. Consultant shall not use such
confidential insider information to arrange for or solicit to buy or sell shares of the Company either directly or indirectly
through any person, until such information has been approved for release by the Company and is released to the general public.

 

	9.	COMPLIANCE WITH LAW; INDEMNIFICATION

 

		a.	In
                                         connection with all services performed pursuant to this Agreement, Consultant shall comply
                                         with all securities laws and regulations applicable to the Company or Consultant, and
                                         all policies, rules and requirements of any exchange or quotation system on which the
                                         shares of the Company trade. Consultant will not engage in any transaction involving
                                         the offer or sale of securities of the Company, and will not solicit or encourage any
                                         other party to engage in any transaction involving the offer or sale of securities of
                                         the Company at any time that the Consultant is in possession of material non-public information
                                         concerning the Company.
	 	 	 
		b.	Consultant
                                         hereby covenants and agrees to indemnify the Company, its stockholders, directors, officers,
                                         employees, affiliates, and agents and their respective successors and assigns and to
                                         hold them harmless from and against any and all losses, claims, liabilities, obligations,
                                         fines, penalties, damages and expenses, including reasonable attorney’s fees (including
                                         such fees on appeal) (collectively, “Losses”) incurred by any of them resulting
                                         from or arising out of (i) any action by Consultant which constitutes a violation of
                                         any law or regulation, (ii) any misrepresentation or other breach of this Agreement made
                                         by Consultant or (iii) willful misconduct or negligent acts or omissions of Consultant.
	 	 	 
		c.	The
                                         Company hereby covenants and agrees to indemnify Consultant, its stockholders, directors,
                                         officers, employees, affiliates, and agents and their respective successors and assigns
                                         and to hold them harmless from and against any and all Losses incurred by any of them
                                         resulting from or arising out of (i) any third party claims with respect to any untrue
                                         statement of any material fact contained in any registration statement, prospectus or
                                         report filed by the Company with the U.S. Securities and Exchange Commission; or that
                                         arise out of or are based upon the omission to state therein a material fact required
                                         to be stated therein, or necessary to make the statements therein not misleading, (ii)
                                         as a result of any misrepresentation or other breach of this Agreement made by the Company
                                         or (iii) willful misconduct or negligent acts or omissions of the Company, except, in
                                         all cases (i) through (iii), to the extent such Losses resulted from the negligence,
                                         willful misconduct, misrepresentation or breach by Consultant.

 

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	10.	MISCELLANEOUS PROVISIONS

 

		a.	Notices.
                                         All notices required or permitted to be given under this Agreement shall be effective
                                         only if in writing (which includes electronic mail), and shall be deemed to have been
                                         given, received, and delivered (a) when personally delivered; (b) on the third (3rd)
                                         business day after the date on which mailed by certified or registered United States
                                         mail, postage prepaid and return receipt requested; or (c) on the same date on which
                                         transmitted by facsimile, electronic mail or other similar electronic means generating
                                         a receipt evidencing a successful transmission; or (d) on the next business day after
                                         the business day on which deposited with a public carrier regulated under United States
                                         laws for the fastest commercially available delivery (e.g., overnight), with a return
                                         receipt (or equivalent thereof administered by such regulated public carrier) requested,
                                         in a sealed envelope addressed to the party for whom intended at the address set forth
                                         on the signature page of this Agreement or such other address as either party may designate
                                         upon at least ten (10) days’ written notice to the other party.
	 	 	 
		b.	Time.
                                         Time is of the essence of this Agreement.
	 	 	 
		c.	Presumption.
                                         This Agreement or any section thereof shall not be construed against any party due to
                                         the fact that said Agreement or any section thereof was drafted by said party.
	 	 	 
		d.	Titles
                                         and Captions. All article, section and paragraph titles or captions contained in
                                         this Agreement are for convenience only and shall not be deemed part of the context nor
                                         affect the interpretation of this Agreement.
	 	 	 
		e.	Pronouns
                                         and Plurals. All pronouns and any variations thereof shall be deemed to refer to
                                         the masculine, feminine, neuter, singular or plural as the identity of the Person or
                                         Persons may require.
	 	 	 
		f.	Further
                                         Action. The parties hereto shall execute and deliver all documents, provide all information
                                         and take or forbear from all such action as may be necessary or appropriate to achieve
                                         the purposes of this Agreement. 
	 	 	 
		g.	Savings
                                         Clause. If any provision of this Agreement, or the application of such provision
                                         to any person or circumstance, shall be held invalid, the remainder of this Agreement,
                                         or the application of such provision to persons or circumstances other than those as
                                         to which it is held invalid, shall not be affected thereby.
	 	 	 
		h.	Assignment.
                                         This Agreement may not be assigned by either party hereto without the written consent
                                         of the other, but subject to the foregoing, shall be binding upon the successors of the
                                         parties.
	 	 	 
		i.	Choice
                                         of Law. This Agreement shall be construed by and enforced in accordance with the
                                         laws of the State of Georgia.
	 	 	 
		j.	Jurisdiction.
                                         The parties submit to the jurisdiction of the federal and state courts located in the
                                         State of Georgia to hear and decide any dispute under this Agreement.
	 	 	 

 

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		k.	Entire
                                         Agreement. This Agreement contains the entire understanding and agreement among the
                                         parties. There are no other agreements, conditions or representations, oral or written,
                                         express or implied, with regard thereto. This Agreement may be amended only in writing
                                         signed by all parties. 
	 	 	 
		l.	Waiver.
                                         A delay or failure by any party to exercise a right under this Agreement, or a partial
                                         or single exercise of that right, shall not constitute a waiver of that or any other
                                         right.
	 	 	 
		m.	Counterparts;
                                         Electronic Signatures. This Agreement may be executed in duplicate counterparts,
                                         each of which shall be deemed an original, but both of which together shall constitute
                                         one and the same Agreement. A copy of this Agreement that is executed by a party and
                                         transmitted by that party to the other party by facsimile or as an attachment (e.g.,
                                         in “.tif” or “.pdf” format) to an email shall be binding upon
                                         the signatory to the same extent as a copy hereof containing that party's original signature.
                                         

 

 

 

 

 

 

 

 

 

 

[Signatures
appear on the following page.]

 

 

    	8

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement to be effective as of the day and year provided
herein.

 

	COMPANY:	 	CONSULTANT:
	 	 	 
	NEXEON MEDSYSTEMS INC	 	ACORN MANAGEMENT PARTNERS, L.L.C.
	 	 	 
	Title: Exec VP	 	Title: C.E.O.
	 	 	 	 
	 	 	 	 
	By:	/s/ Ron Conquest	 	By: 	/s/ John R. Exley, III
	SIGNATURE	 	SIGNATURE
	 	 	 	 	 
	RON CONQUEST	 	JOHN R. EXLEY, III

 

	Address
                                         for notices:

         

        1708
        Jaggie Fox Way

        Lexington,
        Kentucky 40511

        Phone:
        469-222-2350

        Email:
        will@nexeonmed. com

        Attention:
        Will Rosellini
	 	Address
                                         for notices:

         

        Acorn
        Management Partners, L.L.C.

        1515
        Ringling Blvd Suite 620

        Sarasota,
        Fl. 34236

        Phone:
        (678) 602-7864

        Email:
        jre@acornmanagementpartners.com

        Attention:
        Chief Executive Officer

	 
	 
	 
	 

 

Date:
February 14, 2017

 

 

    	9

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