Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.5

CONSULTANT AGREEMENT

This Consulting Agreement (“Agreement”) is made and entered into this 8th day of May, 2007 between JMAR Technologies,
Inc. (the “Company”) and Howard Isaacs/Market Broker Relations (the “Consultant”).

In consideration of and for the mutual promises and covenants contained herein, and for the good and valuable
consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

	 	1.	 	Purpose: The Company hereby employs the Consultant during the Term defined below to render
Investment Relations services to the Company according to the terms and conditions set forth in this
Agreement.

	 	2.	 	Term: This Agreement shall remain effective for one year commencing on May 8, 2007 and ending
May 7, 2008. Except as provided in Section 8 below, this Agreement cannot be canceled by either party during
the term stated above.

	 	3.	 	Duties of Consultant: During the term of this agreement, the Consultant shall provide to the
Company the following services:

	 	a.	 	Provide a front line of communication to existing shareholders to share Company
news, product updates and bolster shareholder confidence in the stock.

	 	b.	 	Respond to requests for information from interested investors and convert them to
shareholders of Company stock.

	 	c.	 	Initiate outreach to potential investors such as stock brokers, analysts, and high
net worth individuals and share the Company story and potential.

	 	d.	 	Facilitate conference calls and meetings with potential investors.

	 	e.	 	Assist with development and distribution of press releases and secure both press
and publication coverage of the Company.

	 	f.	 	Consultant shall provide Company with weekly activity reports covering progress
made on each of the above stated services. These reports shall be submitted every Monday morning
via email to:

Neil Beer (nbeer@jmar.com)

Kathi Kirchmeier (kkirchmeier@jmar.com)

	 	4.	 	Compensation: For services to be rendered by the Consultant hereunder, the Consultant shall
receive from the Company upon signing of this agreement:

	 	a.	 	150,000 shares of restricted ‘JMAR’ common stock and

	 	b.	 	Warrant to purchase 150,000 shares of ‘JMAR’ common stock with an exercise price of
$0.20 per share and a term of two years commencing with the date of this contract.

	 	5.	 	Expenses: The Company, upon receipt of appropriate supporting documentation, shall reimburse
the Consultant for expenses associated with services performed for the Company ONLY if previously authorized
by the Company in writing.

	 	6.	 	Confidentiality: Consultant acknowledges that as a consequence of its relationship with the
Company, it may be given access to confidential information which may include the following types of
information; financial statements and related financial information with respect to the Company and its
subsidiaries (the “Confidential Financial Information”), trade secrets, products, product development,
product packaging, future marketing materials, business plans, certain methods of operations, procedures, improvements, systems, customer lists, supplier lists and specifications, and other private and confidential
materials concerning the Company’s business (collectively, “Confidential Information”).

 

 

1

 

	 	 	 	Consultant covenants and agrees to hold such Confidential Information strictly confidential and shall only use
such information solely to perform its duties under this Agreement, and Consultant shall refrain from
allowing such information to be used in any way for its own private or commercial purposes. Consultant
shall also refrain from disclosing any such Confidential Information to any third parties. Consultant
further agrees that upon termination or expiration of this Agreement, it will return all Confidential
Information and copies thereof to the Company and will destroy all notes, reports and other material
prepared by or for it containing Confidential Information. Consultant understands and agrees that the
Company might be irreparably harmed by violation of this Agreement and that monetary damages may be
inadequate to compensate the Company. Accordingly, the Consultant agrees that, in addition to any other
remedies available to it at law or in equity, the Company shall be entitled to injunctive relief to
enforce the terms of this Agreement.

Notwithstanding the foregoing, nothing herein shall be construed as prohibiting Consultant from disclosing
any Confidential Information:

	 	a.	 	which at the time of disclosure Consultant can demonstrate either was in the public
domain and generally available to the public or thereafter becomes a part of the public domain and
is generally available to the public by publication or otherwise through no act of the Consultant;

	 	b.	 	which Consultant can establish was independently developed by a third party who
developed it without the use of the Confidential Information and who did not acquire it directly or
indirectly from Consultant under an obligation of confidence;

	 	c.	 	which Consultant can show was received by it after the termination of this
Agreement from a third party who did not acquire it directly or indirectly from the Company under
an obligation of confidence; or

	 	d.	 	to the extent that the Consultant can reasonably demonstrate such disclosure is
required by law or in any legal proceeding, governmental investigation, or other similar
proceeding.

	 	7.	 	Compliance with Applicable Securities Laws. Consultant acknowledges and agrees that the
Company is an SEC reporting company that is subject to, among other securities regulations, Regulation FD and
that pursuant to Regulation FD the Company may not selectively disclose material non-public information to
brokers, dealers, investment advisors, investment companies, shareholders, prospective investors and other
members of the financial community (“Prospective Investors”), absent a confidentiality agreement from such
Prospective Investor. Consultant agrees that it will not disclose material non-public information to any
Prospective Investor unless and until such information has first been publicly disclosed by the Company in a
press release or filing with the SEC. Consultant further agrees that it will consult with Company concerning
whether any particular information may be considered material and whether it has been made public prior to
disclosing such information to Prospective Investors.

	 	8.	 	Termination of Agreement. The Company may terminate this Agreement following delivery of
fifteen (15) days notice should the Company determine that Consultant has breached its obligations under this
Agreement. Following termination of this Agreement, the Consultant shall be entitled to (1) reimbursement
for any unreimbursed expenses which have been approved in accordance with Section 5 above, and (2) vesting of
the number of shares as determined by applying the percentage of the one year agreement period that has elapsed
to the total number of shares, described in Section 4 above.

 

 

2

 

	 	9.	 	Indemnification by Consultant. Consultant hereby agrees to defend, hold harmless and indemnify
the Company and its affiliates (the “Indemnitees”) from and against any liability or expense
(including reasonable legal expenses and attorneys’ fees) (collectively, “Losses”) arising out of the
performance of its duties or other activities of Consultant under this Agreement, including without
limitation providing unauthorized representations, misrepresentations or other disclosures to Prospective
Investors.

	 	10.	 	Governing Law: This Agreement shall be construed and enforced in accordance with and governed
by the laws of the State of California.

	 	11.	 	Miscellaneous:

	 	a.	 	This Agreement embodies the entire Agreement and understanding between the Company
and the Consultant and supersedes any and all negotiations, prior discussions and preliminary and
prior arrangements and understandings related to the central subject matter hereof.

	 	b.	 	No amendments to this Agreement shall be effective or binding to the parties unless
documented and approved in writing.

	 	c.	 	This Agreement has been duly authorized, executed and delivered by and on behalf of
the Company and the Consultant.

	 	d.	 	This Agreement and all rights, liabilities and obligations hereunder shall be
binding upon and inure to the benefit of each party’s successors but may not be assigned without
the prior written approval of the other party.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date hereof.

JMAR Technologies, Inc. (The Company)

10905 Technology Place

San Diego, CA 92127

/s/ C. NEIL BEER

C. Neil Beer

President/CEO

Market Broker Relations (The Consultant)

1320 Pearl Street

Santa Monica, CA 90405

/s/ HOWARD ISAACS
Howard Isaacs
President

 

 

3Filed by Bowne Pure Compliance

 

Exhibit 10.23

LETTER OF INTENT

CONFIDENTIAL

This Letter of Intent will serve to outline a proposed transaction (the “Transaction”)
relating to the acquisition by Amerex Group, Inc., headquartered in New York, NY with
administrative headquarters in Tulsa, OK, directly or through its subsidiaries and affiliates (the
"Purchaser” or “Amerex”) of all of the assets
of PermaFix Treatment Services., headquartered in
Tulsa, OK, (the “Company”), and thereby the acquisition by Purchaser of all of the assets, services
and business owned or controlled by the Company (hereinafter sometimes referred to as the
"Business”).

1. Acquisition of Assets.

Amerex, directly or through the use of a wholly-owned subsidiary shall acquire from
the Company (“Seller”) one hundred percent (100%) of all assets of the Company
existing as of the Closing (as hereinafter defined) (the
“Purchased Assets”) including certain liabilities. The
assets are to be identified by an Asset Schedule agreed upon by signature of the
schedule by both Purchaser and Seller.

2. Acquisition Price. Based on the preliminary evaluation by representatives of
Purchaser, Purchaser will pay Two Million Dollars ($2,000,000) for 100% of the assets of the
Company plus certain liabilities. The cash at closing will be determined by the total cash or “cash assets” and liabilities
assumed at closing. Within in five days of execution of the Letter of Intent, Purchaser will
deposit Five Thousand ($5,000), which will be applied to purchase price at closing, with an agreed
upon third party escrow. The deposit will be considered non-refundable.

2A. Adjustments to Purchase Price. The Purchase Price shall be adjusted one hundred
and twenty (120) days after Closing. In the event that the Companies’ “Collected Working Capital”
as calculated from the balance sheet as of the date of Closing (with accounts receivable determined
by collections after Closing) is equal to $0 then the Purchase Price shall be increased by the
amount of the excess. In the event that the Collected Working Capital is less than $0 then the
Purchase Price shall be decreased by the deficiency.

For these purposes the term “Collected Working Capital” shall mean the difference between the
Companies’ “Currents Assets” minus “Current Liabilities.” “Current Assets” shall refer to the
balance in inventories, supplies, prepaid expenses and other current assets at Closing plus the
amount of trade and other accounts receivable (exclusive of inter-company accounts collected during
the one hundred and twenty (120) days following Closing. “Current Liabilities” shall refer to the
balance in accounts payable and accrued expenses (exclusive of inter-company expenses, accrued
compensation, accrued income taxes and reserves for environmental liabilities) as of Closing.
All cash receipts shall be applied to the trade receivables to which they relate and any unpaid
account balances will be returned to PESI for collection.

 

 

 

3. Due Diligence / Definitive Agreement. Purchaser is prepared to immediately commence the
due diligence. The preparation of a definitive agreement (the “Definitive Agreement”) incorporating
the terms outlined in this Letter of Intent, will commence upon completion of initial due
diligence and prior to completion of the due diligence. The Definitive Agreement shall be mutually
acceptable to Purchaser and Seller. The execution of the Definitive Agreement is subject to the
satisfactory completion of a full legal, financial and operational due diligence review and the
approval of the Board of Directors of each of the Company. The Definitive Agreement shall contain
reasonable and customary representations and warranties, agreements, closing conditions
(shareholder approval by the Company) and indemnification provisions as are customary and
appropriate in transactions similar to the Transaction.

4. Good Faith; Exclusivity.

a. Purchaser and the Company shall negotiate in good faith to consummate the Transaction. The
Board of Directors of the Company shall recommend the Transaction to the Company’s stockholders.
If at any time the Board of Directors determines to withdraw its favorable recommendation of the
Transaction, the Company shall notify Purchaser and provide a written explanation of such
withdrawal decision.

b. Immediately upon execution and delivery of this Letter of Intent, the Company and the
Sellers shall terminate all negotiations and other discussions with any other party with respect to
an acquisition, business combination or purchase of all or any portion of the stock or assets of
the Company, whether by merger or otherwise (an “Acquisition”), and thereafter until after
September 30, 2007 (the “Exclusivity Period”), neither the Company nor the Sellers shall, nor shall
the Company or any Seller allow its officers, directors, employees, agents or representatives to,
directly or indirectly:

(i) solicit, encourage or initiate inquires, offers or proposals from, or participate
in any discussions or negotiations with, any person or entity concerning any Acquisition;
or

(ii) except as required by law, disclose any information not customarily disclosed to
any person or entity concerning the business and properties of the Company, or afford to
any person or entity access to the properties, books or records of the Company or
otherwise assist or encourage any person or entity in connection with the foregoing.

5. Due Diligence. During the Exclusivity Period, Purchaser and its agents shall be afforded
reasonable opportunity to inspect the books and records of the Company and to investigate the
Business. The Company agrees to cooperate throughout the Exclusivity Period with Purchaser by
making available to Purchaser all personnel and financial information or other information relating
to the contemplated transactions and operation of the Company as may reasonably be requested by
Purchaser; provided that, in connection with such review and inspections, neither Purchaser nor any
of its agents shall unreasonably interfere with the operation of the Business.

 

 

 

6. Confidentiality; Public Announcements. All press releases and public announcements
relating to the Transaction will be agreed to and prepared jointly by
Purchaser and the Company; provided, however, that nothing contained herein shall prohibit any
party hereto from making any disclosure required by applicable laws or regulations. Each party to
this letter agrees to maintain the confidentiality of all of the information received from the
other party and use such information only for the purposes contemplated by this letter; provided,
however, that the parties shall be permitted to disclose the materials and information they each
receive from the other to their respective advisors, representatives and agents in
connection with performing duties related to the Transaction. In the event of a termination of
this letter for any reason, each party shall return to the other all documents (and any copies
thereof) and information provided to by the other party. The obligation of confidentiality under
this paragraph shall survive the termination of this letter.

7. Agreement to Continue Customary Operation. The Company agrees to operate the Business
during the Exclusivity Period in a manner consistent with the manner in which the Business has been
operated prior to the date hereof and in accordance with existing contractual arrangements,
including, but not limited to, the terms and manner on which the Company collects its receivables
and pays its payables, retains and pays its employees and independent contractors, services its
customers, solicits new accounts and opportunities and processes its insurance and other claims and
activities. The Company agrees to refrain during the Exclusivity Period from entering into any new
contractual relationships, materially changing any existing contractual relationships, selling any
asset or incurring any liability related to the Business during the Exclusivity Period except in
accordance with the terms and conditions customarily utilized by the Company in the ordinary course
of its business. The Company agrees to refrain from making any distributions to shareholders or
issuing any additional shares of capital stock or debt instrument of any quality or character
during the Exclusivity Period. The Company shall immediately notify Purchaser of any attempt to
recapitalize the Company.

8. Expenses. Each of the parties hereto shall bear their own costs and expenses for the
investigations, negotiations and examinations contemplated by the Transaction, including costs of
their respective accountants and attorneys.

9. Assignment. The parties may not assign any or all of their rights or duties hereunder
without the prior written consent of the other parties; provided that, Purchaser shall have the
right, without consent from the Company, to assign this Letter of Intent to a subsidiary or
affiliate controlled by Purchaser.

10. Integration; Modification. This Letter of Intent supersedes prior or contemporaneous
letters of intent or correspondence between the parties. Any modification or amendment of this
Letter of Intent must be in writing and signed by all of the signatories hereto in an instrument
which makes specific reference to this Letter of Intent.

11. Governing Law. This Letter of Intent shall be governed by and construed in accordance
with the laws of the State of Oklahoma, without regard to conflicts of laws.

12. Counterparts. This Letter of Intent may be executed in counterparts, each of which shall
be deemed an original and all of which together shall constitute one and the same instrument.

13. Expiration. Unless the parties execute the Definitive Agreement on or before December 21,
2007 or such other later date as the parties agree in writing, this Letter of Intent shall
automatically expire and be of no further force and effect (except as set out in Section 6 hereof).

 

 

 

14. Legal Effect. Other than the provisions of this Section 14 and Sections 4, 6, 7 and 9
hereof, which the undersigned parties agree will be legally binding, the terms herein contained are
not intended, nor will they be construed to legally binding on the parties hereto, and the
Transaction will be binding on the parties only in accordance with the terms contained in the
Definitive Agreement, if and when such agreement has been executed by the parties.

15. Closing. It is anticipated the consummation of the transaction contemplated herein will
occur on or before ninety (90) days from commencing due diligence or such other date as the Parties
may agree.

If the foregoing is satisfactory to you as an expression of mutual interest of the parties, please
so indicate having this Letter of Intent signed in the space below and returning one executed copy
of this letter to me on or before August 28, 2007.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	By:  	/
Nicholas J. Malino /	 
	 	 	Name:  	Nicholas J. Malino  	 
	 	 	Title:  	CEO 	 
	 

Agreed
and accepted this
27th day of August, 2007

	 	 	 	 	 
	 	Perma-Fix Treatment Services, Inc

 	 
	 	By:  	/
Lou Centofani /	 
	 	 	Name:  	Lou Centofani	 
	 	 	Title:  	CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]