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 EXHIBIT 10.5

RESTATED FINDER AGREEMENT

Restated Finder And Agreement , dated as of the 1st  day of August, 2005 (the “Restated Agreement”), between Pacific Capsource, Inc., (“Finder”), a Nevada Corporation, with offices located at 1751 Greenwich, San Francisco, CA 94123, and HepaLife Technologies, Inc. (“Client”), a Florida Corporation, with offices located at Suite 216, 1628 West 1st Avenue, Vancouver, B.C., V6J 1G1.

Finder and Client are parties to a Finder Agreement dated as of the 15th day of June, 2005 (the “Finder Agreement”) as amended on the 8th day of July, 2005 (the “Amendment”); the Finder Agreement as amended and modified by, and together with the Amendment, is referred to herein as the “Original Finder Agreement;” and

Finder and Client deem it to be in their respective best interest to terminate, in its entirety, the Original Finder Agreement and to restate their understanding with respect to the subject matter thereof all on the terms and conditions set forth herein.

Accordingly, in consideration of the mutual promises made herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1.  Purpose: This agreement applies specifically to:

(i)

the termination of the Original Finder Agreement;

(ii) 

compensation related to the relationship between Client and Fusion Capital Partners, LLC (“Fusion”), which was introduced previously by Finder to Client;  

(iii)

Finder’s engagement, on a non-exclusive basis, by Client, to obtain financing from various other funding resources that Finder has association or relationships with to be used for various Companies controlled by or affiliated with Client (collectively, an “Affiliated Company”).

2.  Term: The term of this Restated Agreement shall be for a period of 48 calendar months commencing on the date hereof and terminating on August 1, 2009 (the “Engagement Term”). Except as otherwise specified in Section 4 hereof, any funding resource introduced by Finder to Client or to an Affiliated Company, without a previous relationship having existed between and/or among Client, Affiliated Company and such funding resource, shall be protected as to payment of fees under this Restated Agreement. 

3.  Duties of Finder:  During the term of this Restated Agreement, Finder and Finder’s affiliates shall seek to provide introductions to various funds resources and institutions that may have interest in providing Client or the various Companies controlled by or affiliated with Client with various forms of financing.  Finder shall not be obligated to spend any specific amount of time in so doing.  It is agreed and understood that Client may accept or reject any proposed funding source or financing, in its sole discretion, for any reason or no reason whatsoever.

4.  Compensation:  (a) Subject to the provisions of Section 4 (d) hereof, upon Client’s, or an Affiliated Company’s obtainment of financing from Fusion during the period commencing on the date hereof and continuing until the 4th anniversary date of this Restated Agreement (the “Compensation Term”), Client shall be obligated to pay Finder a diligence fee of 3% of all funds initially and subsequently actually obtained and received by Client (or any such Affiliated Company) from Fusion.   Any fee due and payable hereunder will be paid in arrears, on a monthly basis, based on the actual funds received from Fusion during the prior 30 day period. Client agrees to provide Finder full disclosure of all Fusion stock purchases each month at Finder’s request. No fee is due and payable with respect to amounts received from Fusion, and any financing arrangement entered into with Fusion, after the Compensation Term. 

(b) In addition, and subject to Section 4(d) hereof, Finder shall be issued a one time warrant compensation for 200,000 warrants exercisable  over a 4 year term at a fixed price of  110% of the current share price (for example if the shares were trading at $1.00 per share, then warrants would be exercisable at $1.10 per share) based on the average of the closing price per share for the 5 trading days immediately prior to the original filing date of the registration statement for the Fusion capital investment. Finder’s will have piggy back registration rights exclusive, however, of any registration statement filed in connection with any financing arrangement entered into between or among, Client, an Affiliated Company and Fusion, or any registration statement filed on Form S-8 and S-4.

(c) There are no additional fees or compensation beyond these fees and warrants outlined.  Fees for any additional funding resources will be negotiated separate and apart from this Restated Agreement and will be reflected in a separate written agreement. 

(d) Finder has represented to Client that it is not a registered broker/dealer.  Accordingly, no fee due and payable under this Restated Agreement to Finder shall actually be paid unless and until Finder can reasonably demonstrate that it or an entity affiliated with the principals of Finder is a registered broker dealer (a “Registered Entity”) or otherwise lawfully entitled to receive such fee(s) in compliance with applicable state and federal securities laws.  If such fee is to be paid to an entity other than a Registered Entity, Client, in its sole discretion, may require Finder to deliver to Client an opinion of counsel, reasonably satisfactory to Client, to the affect that the payment of such fee will not constitute a violation of the Securities Laws and that no third party rights or claims against Client may arise from such payment.  If Finder has not complied with the conditions of this Section 4(d) on or prior to the expiration of the Engagement Term, all fees due Finder hereunder shall be forfeited as of such date, and Finder shall not be entitled to any compensation whatsoever hereunder.

5.  Finder Introductions and Meeting Coordination:   The Client acknowledges that all introductions and meeting coordination (written or oral) provided by Finder to the Client or its named affiliates in connection with Finder’s engagement are intended solely for the benefit and use of the Client or its named affiliates in considering the transaction to which they relate, and the Client agrees that no person or Affiliated Company shall be entitled to make use of the introductions provided by Finder hereunder.  Company shall not make any public references to Finder, or use the Finder’s name in any annual reports or any reports or public releases of the Client, or Affiliated Company without Finder’s prior written consent.

6.  Confidentiality:    Finder will hold in confidence any confidential information which the Client or an Affiliated Company provide to Finder pursuant to this Agreement which is designated by an appropriate stamp or legend as being confidential.  Notwithstanding the foregoing, Finder shall not be required to maintain confidentiality with respect to information (i) which is or becomes part of the public domain not due to the breach of this Agreement by Finder, (ii) of which it had independent knowledge prior to disclosure, (iii) which comes into the possession of Finder in the normal and routine course of its own business from and through independent non-confidential sources; or (iv) which is required to be disclosed by Finder by laws, rules or regulators.  If Finder is requested or required to disclose any confidential information supplied to it by the Client or one or more or Affiliated Company, Finder shall, unless prohibited by law, promptly notify the Client and any such Affiliated Company of such request(s) so that the Client and/or any such Affiliated Company may seek an appropriate protective order.

The Client acknowledges that all introductions (written or oral) provided by Finder to Client or an Affiliated Company in connection with Finder’s engagement are intended solely for the benefit and use of the Client or an Affiliated Company in considering the transaction to which they relate, and the Client agrees that no person or entity other than the Client or  an Affiliated Company, shall be entitled to make use of the introductions to be given hereunder, and no such related information shall be used for any other purpose or reproduced, disseminated, quoted or referred to at any time, in any manner or for any purpose without Finder’s  prior written consent.

7. Finder’s Services to Others:  The Client acknowledges that Finder or its affiliates are in the business of providing funding resource introductions to others.  Nothing herein contained shall be construed to limit or restrict Finder in conducting such business with others. 

8.  Company Information:   Finder shall rely on Client to check properly beforehand that any information supplied to an introduced funding resource be true, fair and accurate and not misleading.  This includes checking any expressions of opinion and any possible omissions.  Before sending any business plan or financial data to potential funding sources, Finder shall require Client’s confirmation that any information contained within the submitted documentation is accurate and not misleading and that nothing likely to be material has been omitted.  If, during the Engagement Period, Client subsequently discovers something which renders any such information inaccurate, incomplete or misleading, Client shall notify Finder immediately.

9.  Termination of the Original Finder Agreement And Mutual Releases. 

(a) The Original Finder Agreement is terminated, and deemed null and void, as of August 1, 2005

(b) Finder individually and on behalf of its successors and assigns, does hereby fully release, remise and forever discharge Client and any Affiliated Company and their respective officers, directors, shareholders, employees, subsidiaries, attorneys, representatives and agents from any and all debts, obligations, liabilities, accountings, promises, covenants, agreements, contracts, controversies, suits, actions, causes of actions, judgments, damages, claims, demands, in law or in equity, which Finder ever had, now has, or hereafter can, shall or may have against them for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date hereof, including all claims for any share of income, any return of capital or any compensation for services from any of such parties arising from or otherwise related to the Original Finder Agreement.

(c) Client (or any Affiliated Company) individually and on behalf of its successors and assigns, does hereby fully release, remise and forever discharge Finder and their respective officers, directors, shareholders, employees, subsidiaries, attorneys, representatives and agents from any and all debts, obligations, liabilities, accountings, promises, covenants, agreements, contracts, controversies, suits, actions, causes of actions, judgments, damages, claims, demands, in law or in equity, which Finder ever had, now has, or hereafter can, shall or may have against them for, upon or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the date hereof, including all claims for any share of income, any return of capital or any compensation for services from any of such parties arising from or otherwise related to the Original Finder Agreement .

(d) The releases set forth in this Restated Agreement are intended by the parties to release all claims, whether known, unknown, foreseen, unforeseen, patent or latent, which one party may have against the other as of the date of this Restated Agreement.  Each party understands and acknowledges the significance and consequence of such specific intention to release all claims related to the Original Finder Agreement.  

10.  Indemnification:  (a)The Client (or an Affiliated Company) as the case may be, severally and not jointly, agree to indemnify and hold harmless Finder, its employees, agents, representatives and controlling persons from and against any and all losses, claims, damages, liabilities, suits, actions, proceedings, costs and expenses (collectively, “Damages”), including, without limitation, reasonable attorney fees and expenses, as and when incurred, if such Damages were directly or indirectly caused by, relating to, based upon or arising out of the rendering by Finder of services pursuant to this Agreement, so long as Finder shall not have engaged in intentional or willful misconduct, or shall have acted grossly negligently in connection with the services provided which form the basis of the claim for indemnification.  This paragraph shall remain in effect during the Compensation Term of this Restated Agreement.

(b) Finder agrees to agree to indemnify and hold harmless Client (or Affiliated Company) as the case may be, and their respective employees, agents, representatives and controlling persons from and against any and all Damages, including, without limitation, reasonable attorney fees and expenses, as and when incurred, if such Damages were directly or indirectly caused by, relating to, based upon or arising out of the rendering by Finder of services pursuant to this Restated Agreement. This paragraph shall remain in effect during the Compensation Term of this Restated Agreement.

10.  Employment:  Finder shall perform its services hereunder as an independent contractor and not as an employee, agent or an affiliate of the Client or Affiliated Company.  Finder shall have no authority to act on behalf of, represent or bind the Client or Affiliated Company in any manner, except as may be expressly agreed to by the Client or the various Companies controlled by or affiliated with Client in writing from time to time.

11.  Claims Under This Agreement:  Any claim or controversy arising out of or related to this agreement or breach thereof, which cannot be reconciled by the parties herein shall be subject to mediation, and if no resolution is reached, then the dispute will be subject to binding arbitration in the city of San Francisco in the state of California.  Such arbitration shall be conducted by the American Arbitration Association, by a three member panel.  Judgment rendered by the arbitrator(s) may be entered in a court having jurisdiction thereof. 

 

12.  Notices:  Any notice required to be served herein may be done by registered mail to the address first listed above or to any future address designated by either party, and shall be deemed to be delivered as of the date of mailing of such notice.

13.  Authorization: The parties hereby acknowledge that they are authorized to commit themselves and/or their corporation, partnership or group to the terms of this agreement and do attest that there are no contracts, agreements, understandings or otherwise, either written or oral, that will make this Agreement void or unenforceable.

14.  Assignment:  If any party shall transfer his business to another entity, such transfer shall include the transfer of this agreement which shall remain in full force and effect.  Finder shall have the right to transfer their interest to one or more entities in which they are principals of.

15.  Miscellaneous: 

(1)  This Agreement between Finder and Client constitutes the entire agreement and understanding of the parties hereto, and supersedes any and all previous agreements and understandings, whether oral or written, including, but not limited to the Original Finder Agreement, between the parties with respect to the matters set forth herein. 

(2) The invalidity of any clause of this document shall not affect the enforceability of the balance of this agreement, and the contract shall be read as if such clause was not included herein.

(3) This Agreement may be executed in any number of counterparts, each of which together shall constitute one and the same original document.

(4)  No provision of this Agreement may be amended, modified or waived, except in a writing signed by all of the parties hereto.  

16.   Facsimile:   Should this Agreement be transmitted by facsimile, the facsimile document or copy thereof shall be considered as an original document, both binding and enforceable.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, as of the day and year first above written.

Pacific Capsource, Inc.

HepaLife Technologies, Inc.

By:/s/ Gary Little

By: /s/ Harmel S. Rayat

Name: Gary Little

Name:  Harmel S. Rayat

Title:  

Title:

 DirectorFiled by Automated Filing Services Inc. (604) 609-0244 - Banyan Corp. - Exhibit 10.18

Noel E. Guardi, Attorney at Law

   99 ROCKY RIDGE ROAD, P.O. BOX 381

  PINECLIFFE, COLOADO 80471

  TELEPHONE: 303-969-8886

  FAX:303-969-8887

  seclawyer@ionsky.com

November 30, 2005

Mr. Michael Gelmon, Chief Executive Officer
Mr. Cory Gelmon,
President and Chief Financial Officer
Banyan Corporation
Suite 207, 5005
Elbow Drive S.W.
Calgary, Alberta, Canada T2S 2T6

Re: Legal Service Agreement

Dear Messrs. Gelmon:

     You have asked me to provide
legal consulting services to Banyan Corporation (the “Company“) and to represent
it in connection with certain securities and corporate matters, including, but
not limited to revision and review of financing documents and issuing legal
opinions in connection with financings, compliance with the securities
registration, periodic reporting, proxy solicitation and beneficial ownership
reporting requirements of the federal securities laws and the United States
Securities Exchange Commission as appropriate, and such other matters as your
may request from time to time.

     You have asked me to propose an
arrangement under which I would function as a virtual in-house counsel for
purposes of compliance requirements and related matters with fees pursuant to a
payment schedule. I have prepared this summary of our agreement for your
approval.

     The schedule attached hereto sets
forth the Company’s requirements for the thirteen months from December 1, 2005
through December 31, 2006. The schedule assumes that there will be no annual
meeting to elect directors. Professional services necessary to complete these
items are included in the fees described below.

     By my estimate, the matters within
  these requirements will require approximately 500 hours to complete based on
  the 750 hours expended last year less the time expended last year on non-recurring
  matters such as the proxy statement and annual meeting, the Yost claims, and
  stock, notes and options issued prior to my engagement, and time savings due
  to other economies. Fees for legal consulting services for such matters are
  $90,000 at $180.00 per hour, a discount of 10% from my prevailing rate, split
  $45,000 as a fixed fee for any securities placement and related registration
  statement (a $2,000 discount from last year), and $45,000 as a fixed fee for
  all other matters on the schedule (about the same as the actual cost of these
  items last year over a shorter 12 month period).

 Messrs. Michael and Cory Gelmon 

  Banyan Corporation

  November 30, 2005

  Page 2

     For matters on the schedule there
  will be no charges for the assistance of non-legal professional staff.

     I propose to reduce the cash portion
  of fees for matters on the schedule and accept approximately 25% of compensation
  in the form of securities. This equates to fees of $72,000, divided into $36,000
  as a fixed fee for any securities placement including any registration statement,
  and $36,000 as a fixed fee for all of the matters on the schedule. The quarterly
  retainer, to be treated as an earned retainer, will be $9,000 payable in advance
  each quarter, with the first quarter (through 3/31/06) due on closing of any
  securities placement from the proceeds thereof. In addition, $12,000 for any
  securities placement work (review, opinion, schedules and minutes) and $12,000
  in advance for any registration statement will also be due on closing of any
  securities placement from the proceeds thereof. The total remittance for fees
  due upon closing of any securities placement is $33,000. The balance of $12,000
  for any registration statement will be due on the effective date.

     In addition, the Company will issue
  and deliver as an earned retainer, upon signing of this agreement, 3,000,000
  shares valued at $.006 per share as of the date hereof. The shares will be issued
  effective immediately. You agree to register for sale the shares at my expense
  on Form S-8 as soon as practicable. Proceeds from the sale of the shares in
  excess of $18,000 will be credited to the Company’s account and applied
  to the balances due for services rendered hereunder, first to any charges outstanding
  through November 30, then to the first and subsequent quarterly retainer amounts,
  then to costs and disbursements, and then to any other amounts due hereunder.

     Not included in the scope of the
work covered by the foregoing fee schedule are:

	
         
	
      1. 
	
      Registration statements other than any registration
      statement in connection with any securities placement. 

	 	 	 
	 	2. 	Merger and acquisition negotiation and document drafting. 
	 	 	 
	 	3. 	Rule 144 opinions on behalf of sellers. 
	 	 	 
	 	4. 	Franchise work. 

Messrs. Michael and Cory Gelmon

  Banyan Corporation

  November 30, 2005

  Page 3

	 	5. 	Human resources matters. 
	 	 	 
	 	6. 	Litigation and legal proceedings of any kind. 
	 	 	 
	 	
      7.
	
      Any matters, otherwise
        on the schedule, in excess of five hundred (500) hours for the year. 

     For the foregoing matters not
included in the scope of the fixed fees and payment plan, you agree to pay
hourly fees for legal consulting services rendered and the assistance of
non-legal professional staff at the rates of one hundred and eighty dollars
($180.00) and forty-five dollars ($45.00), respectively, per hour expended on
your behalf, to be billed in arrears.

     Any advances paid hereunder will
be held in a trust account for your benefit and applied to hourly fees and
disbursements, as set forth herein, as they are incurred. 

     You also agree to pay for
disbursements. Disbursements include, among other things, delivery and air
freight charges, postage, photocopying costs, court costs, computer research
time, long distance telephone charges, and other costs and expenses advanced on
your behalf. In some instances, costs may be billed directly to you or requested
in advance and not advanced by me.

     I will render periodic statements
to you reflecting the balance due for professional fees and disbursements from
time to time. The balance due shall be payable upon receipt of the
statement.

     In offering to represent the
Company on the basis set forth above, I reasonably believe that my
representation will not be materially limited by my own interests, in
particular, my interest in the price of the Company’s stock and the possible
effect thereon of the course or outcome of matters in which I represent the
Company.

     The use of independent counsel
may be advisable in entering into this legal service agreement and in connection
with the issuance of shares hereunder. You have a reasonable opportunity to seek
the advice of such independent counsel and have consented to my representation
thereafter.

     I agree to represent the Company
zealously and with undivided loyalty at all times. I do not, and will not,
represent, in any matter involving the Company, any individual director,
officer, employee or shareholder of the Company.

Messrs. Michael and Cory Gelmon
Banyan
Corporation
November 30, 2005
Page 4

     I agree to use my best efforts to
perform all services required in connection with my engagement in a
professional, competent and timely manner. You acknowledge that such performance
depends, in part, upon the prompt receipt of documentation, information,
authorizations and instructions from you, your prompt review and execution of
documents, and your co-operation in general.

     You may terminate my engagement
at any time for any reason. I may terminate the engagement by notifying you in
writing if you fail to pay as agreed or do not cooperate with me or for any
other just reason. In the event of termination of this agreement, I will
promptly remit a statement indicating the then current balance due or remit the
credit balance, if any, in your account.

     I appreciate your confidence and
look forward to working with you. If the foregoing correctly sets forth our
understanding, please sign and return the enclosed copy of this letter, and
remit the shares provided for above.

Very truly yours,

/s/ Noel Guardi, Esq.

Noel Guardi, Esq.

     Agreed to and accepted this 7th
day of December 2005.

BANYAN CORPORATION

/s/ Michael
Gelmon
Michael Gelmon,Chief Executive
Officer

/s/ Cory Gelmon
Cory
Gelmon, President and
Chief Financial Officer

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