Document:

dara_104.htm

Exhibit 10.4

 

AMENDMENT NO. 1

TO

DARA BIOSCIENCES, INC. 2008

EMPLOYEE, DIRECTOR AND CONSULTANT STOCK PLAN

Amendment No. 1 (the “Amendment”), dated May 15, 2012, to 2008 Employee, Director and Consultant Stock Plan (the “Existing Plan”; as amended hereby, the “Plan”), of DARA BioSciences, Inc., a Delaware corporation (the “Company”).

 

Statement of Purpose

The Plan was approved by the Company’s Board of Directors on December 5, 2007, and by its stockholders on February 12, 2008, and became effective on such date.  The Company wishes to amend the Plan to increase the number of shares of the Company’s common stock, par value $.01, authorized for issuance under the Plan.

NOW, THEREFORE, in consideration of the premises and mutual agreements contained herein, the parties hereto hereby agree as follows:

1.           Capitalized Terms.  All capitalized terms used and not defined herein shall have the meanings given thereto in the Existing Plan.

2.           Amendment to Existing Plan.  The first paragraph of Section 4.  STOCK SUBJECT TO PLAN is hereby deleted in its entirety and replaced with the following:

“Subject to adjustment as provided in this Section 4, the aggregate number of shares of Stock which may be delivered under the Plan (the “Maximum Plan Shares”) shall not exceed 1,995,098; provided, however, that, as of January 1 of each calendar year, commencing with the year 2013, the maximum number of shares of Stock which may be delivered under the Plan shall automatically increase by a number sufficient to cause the number of shares of Stock covered by the Plan to equal 15% of the total number of shares of Stock then outstanding, assuming for this purpose the conversion into Stock of all outstanding securities that are convertible by their terms (directly or indirectly) into Stock. The maximum aggregate number of shares of Stock which may be delivered under the Plan to employees in the form of Incentive Stock Options is the lesser of (1) the Maximum Plan Shares and (2) 10,000,000.”

3.           Reference to and Effect on the Plan.  The Plan, as amended hereby, and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

4.           Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware.

*           *           *

Approved effective May 15, 2012fsnn_1045.htm

EXHIBIT 10.45

 

AMENDMENT NO. 1 TO

ASSET PURCHASE AND SALE AGREEMENT

THIS AMENDMENT NO. 1 TO ASSET PURCHASE AND SALE AGREEMENT (the “Agreement”) is made as of this __ day of June 2012 (the “Effective Date”) by and among Fusion Telecommunications International, Inc. (“Fusion”), a corporation organized under the laws of the State of Delaware; NBS Acquisition Corp. (“Newco” and together with Fusion sometimes collectively hereinafter referred to as “Purchasers”), a corporation to be formed under the laws of the State of Delaware as a wholly-owned subsidiary of Fusion; Interconnect Systems Group II LLC (“ISG” or the “Company”), a limited liability company organized under the laws of the State of New Jersey; Jonathan Kaufman (“Kaufman”), a resident of the State of New Jersey; Lisa Kaufman as trustee of the JK Trust (“JK Trust”), a New Jersey Trust and Jonathan Kaufman as trustee of the LKII Trust (“LKII Trust”) a New Jersey Trust. Fusion, Newco, ISG, Kaufman and LK are sometimes hereinafter referred to individually as a “Party” or collectively as the “Parties.”

W I T N E S S E T H:

WHEREAS, the Parties are all of the parties to that certain Asset Purchase and Sale Agreement dated as of January 30, 2012 (the “Original Agreement”); and

WHEREAS, the Parties desire to amend the Original Agreement as hereinafter set forth.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto, intending to be legally bound, agree as follows:

1.  Defined Terms.  Defined terms, not otherwise defined herein shall have the respective meanings ascribed to them in the Original Agreement.

2.  Company Name. All references within the Original Agreement to the name Interconnect Systems Group II LLC are deleted in their entirety and replaced with the name Interconnect Services Group II LLC.

3.  Audit Due Date.  Section 6.8 of the Original Agreement is hereby deleted in its entirety and replaced with the following:

6.8    Audit of Books and Records

 

Closing of the Transactions shall be subject to the completion and delivery to Purchasers of an audit (the “Audit”) of the financial statements of NBS, ISG and the Business, to the extent required by and under the applicable rules and regulations of the SEC (the “Audited Financial Statements”), by an audit firm acceptable to Purchasers and their professional advisors, in their sole discretion. Sellers shall use their best efforts to reasonably cooperate with its audit firm and Purchasers in the conduct of the Audit. The Parties agree to use their best efforts to cause the Audit to be completed on or before June 30, 2012 (as may be further extended by mutual consent of the Parties, the “Audit Due Date”). Purchasers may terminate this Agreement within ten (10) business days following receipt of the Audited Financial Statements in the event that (a) the Audited Financial Statements are determined by Fusion’s auditors not to be in compliance with GAAP and/or the rules and regulations of the SEC applicable to Fusion, (b) the filing of such Audited Financial Statements with the SEC could cause Fusion to be out of compliance with its obligations under Federal securities laws and/or (c) the financial condition and results of operations reported in the Audited Financial Statements are materially and adversely different from the financial condition or results of operations reported in the Unaudited Financial Statements. The Parties’ obligations to pay the fees and expenses of the Audit are set forth in Section 10.2 below.

4.  No Other Changes. Except as set forth herein, the terms and conditions of the Original Agreement shall remain in full force and effect.

5.  Miscellaneous.  The provisions of Article X of the Original Agreement shall be applicable to this Agreement and are hereby incorporated by reference as if fully set forth herein.

 

  

1

  

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

	
FUSION TELECOMMUNICATIONS INTERNATIONAL, INC. (“FUSION”)

	
___________________________________

(“Newco”)

	 
	  	  	 
	
By: __________________________

	
By: ________________________

	 
	  	  	 
	
Title: _________________________

	
Title: _______________________

	 
	 	  	 

	
INTERCONNECT SERVICES GROUP II, LLC (“ISG”)

	
JONATHAN KAUFMAN (“KAUFMAN”)

	 
	
 

By: __________________________

	
 

By: __________________________

	 
	  	  	 
	
Title: _________________________

	
Title: _________________________

	 
	 	 	 
	 	 	 
	
THE LKII TRUST

	
THE JK TRUST

	 
	  	  	 
	
By: __________________________

	
By: __________________________

	 
	  	  	 
	
Title: _________________________

	
Title: _________________________

	 

 

 

2fsnn_1046.htm

EXHIBIT 10.46

 

AMENDMENT NO. 1 TO

MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT

THIS AMENDMENT NO. 1 TO MEMBERSHIP INTEREST PURCHASE AND SALE AGREEMENT (the “Agreement”) is made as of this ___ day of June 2012 (the “Effective Date”) by and among Fusion Telecommunications International, Inc. (“Fusion”), a corporation organized under the laws of the State of Delaware; NBS Acquisition Corp. (“Newco” and together with Fusion sometimes collectively hereinafter referred to as “Purchasers”), a corporation to be formed under the laws of the State of Delaware as a wholly-owned subsidiary of Fusion; Network Billing Systems, LLC (“NBS” or the “Company”), a limited liability company organized under the laws of the State of New Jersey; Jonathan Kaufman (“Kaufman”), a resident of the State of New Jersey; and Christiana Trust as trustee of the LK Trust (“LK”), a Delaware Trust. Fusion, Newco, NBS, Kaufman and LK are sometimes hereinafter referred to individually as a “Party” or collectively as the “Parties.”

WITNESSETH:

WHEREAS, the Parties are all of the parties to that certain Membership Interest Purchase and Sale Agreement dated as of January 30, 2012 (the “Original Agreement”); and

WHEREAS, the Parties desire to amend the Original Agreement as hereinafter set forth.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto, intending to be legally bound, agree as follows:

1.  Defined Terms.  Defined terms, not otherwise defined herein shall have the respective meanings ascribed to them in the Original Agreement.

2.  Audit Due Date.  Section 6.8 of the Original Agreement is hereby deleted in its entirety and replaced with the following:

6.8   Audit of Books and Records

 

Closing of the Transactions shall be subject to the completion and delivery to Purchasers of an audit (the “Audit”) of the financial statements of NBS, ISG and the Business, to the extent required by and under the applicable rules and regulations of the SEC (the “Audited Financial Statements”), by an audit firm acceptable to Purchasers and their professional advisors, in their sole discretion. Sellers shall use their best efforts to reasonably cooperate with its audit firm and Purchasers in the conduct of the Audit. The Parties agree to use their best efforts to cause the Audit to be completed on or before June 30, 2012 (as may be further extended by mutual consent of the Parties, the “Audit Due Date”). Purchasers may terminate this Agreement within ten (10) business days following receipt of the Audited Financial Statements in the event that (a) the Audited Financial Statements are determined by Fusion’s auditors not to be in compliance with GAAP and/or the rules and regulations of the SEC applicable to Fusion, (b) the filing of such Audited Financial Statements with the SEC could cause Fusion to be out of compliance with its obligations under Federal securities laws and/or (c) the financial condition and results of operations reported in the Audited Financial Statements are materially and adversely different from the financial condition or results of operations reported in the Unaudited Financial Statements. The Parties’ obligations to pay the fees and expenses of the Audit are set forth in Section 10.2 below.

3.  No Other Changes. Except as set forth herein, the terms and conditions of the Original Agreement shall remain in full force and effect.

4.  Miscellaneous.  The provisions of Article 10 of the Original Agreement shall be applicable to this Agreement and are hereby incorporated by reference as if fully set forth herein.

 

  

  

  

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

	
FUSION TELECOMMUNICATIONS INTERNATIONAL, INC. (“FUSION”)

	
___________________________________

(“Newco”)

	 
	  	  	 
	
By: __________________________

	
By: ________________________

	 
	  	  	 
	
Title: _________________________

	
Title: _______________________

	 
	  	  	 

	
NETWORK BILLING SYSTEMS, LLC (“NBS”)

	
JONATHAN KAUFMAN (“KAUFMAN”)

	  
	 	 	 
	
By: __________________________

	
By: __________________________

	  
	  	  	  
	
Title: _________________________

	
Title: _________________________

	  
	 	 	 
	 	 	 
	
THE LK TRUST

	 	  
	  	  	  
	
By: __________________________

	  	  
	  	  	  
	
Title: _________________________

	  	  

 

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