Document:

ex101.htm

    EXHIBIT 10.1

    
 

    Arjent
Services, LLC

    570
Lexington Avenue, 22nd
Floor

    New York, NY
10022

    Tel
(212) 446-0006

    Fax
(212) 446-0020

    

    

    

    April 30,
2008

    

    Board of
Directors

    Inform
Worldwide Holdings, Inc.

    1175
South US Highway 1

    Vero
Beach , Florida 33062

    

    Attention:  Mr.
Ashvin Mascarenhas, Chairman & Chief Executive Officer

    

    Dear Mr.
Mascarenhas;

    

                    Reference
is made to our recent discussions relating to an offering of securities of
Inform Worldwide Holdings, Inc.  (the "Company" trading on the OTCBB
under the Symbol “IWWI”) through a private placement group of which Arjent
Services LLC, (the "Placement Agent") would serve as the managing Placement
Agent.  The Company may recommend to the Placement Agent other broker
dealers who may be considered to participate as members of the private placement
group. Based upon our discussions, financial material which you have submitted
to us and representations which you have made to us describing the Company and
its principals, and subject to (i) the satisfactory completion of our due
diligence review of the Company's business and future plans; (ii) the future
business and financial condition of the Company; (iii) economic and market
conditions in general, we hereby confirm our agreement in principle to act as
Placement Agent for the Company, on a Best Efforts basis, in connection with the
Private Placement of the Company's securities (the "Offering") upon the
following basic terms and conditions.

    

    1.      
      The Offering shall consist of the sale by
the Company  of up to an aggregate $3,200,000 of Secured Convertible
Notes convertible into an aggregate of 16,000,000 shares of Common Stock of
the  at a fixed price of $0.20 per share (the “Conversion
Price”).     All Convertible Notes shall convert
automatically into to Common Stock upon the filing of an S-1 or other acceptable
registration statement with the Securities and Exchange Commission registering
the underlying shares.  Such registration statement shall be filed
within 45 days of the final closing of this Offering.

    

    2.     
       The Company is desirous in retaining Arjent
as their consultant.  The fee for such consulting services will be a
Non Refundable cash payment of $450,000 and 6,000,000 shares of Common Stock of
the Company which will issued upon execution of this agreement. and deemed non
assessable and earned. In addition, upon closing of a subsequent Offering a
minimum of $5,000,000 and  up to $20,000,000, the Company shall
engage  Arjent or its nominee as its Merchant Banker and
Consultant.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.      
      The private placement discount and
commissions shall be 10% (approximately $320,000) of the gross proceeds received
from the sale of the Secured Convertible Notes to investors introduced to the
Company by the Placement Agent.. The Placement Agent shall also be entitled to a
nonaccountable expense allowance equal to 4% (approximately $130,000) of the
gross proceeds of the Offering. The Placement Agent reserves the right to reduce
any item of its compensation or adjust the terms thereof as specified
herein  in the event that a determination shall be made by FINRA to
the effect that the Placement Agent’s aggregate compensation is in excess of
FINRA rules or that the terms thereof require adjustment.

     

    4.      
      The Placement Agent shall be granted,
commencing on the closing date of the Offering, a right of first refusal for any
debt and/or equity financing by the Company for a period of two years from the
closing date to purchase for its account or to sell for the account of the
Company, or any subsidiary of or successor to the Company any securities of the
Company or any such subsidiary or successor of the Company, that the Company or
any such subsidiary or successor may seek to sell through an Placement Agent, or
broker-dealer whether pursuant to registration under the Act or otherwise. The
Company or any such subsidiary or successor will consult with the Placement
Agent with regard to any such offering and will offer the Placement Agent the
opportunity to purchase or sell any such securities on terms not more favorable
to the Company, any such subsidiary or successor than it or they can secure
elsewhere. If the Placement Agent fails to accept such offer within 10 business
days after the mailing of a notice containing such offer by registered mail
addressed to the Placement Agent (five (5) business days in the event the offer
covers a sale under Rule 144), then the Placement Agent shall have no further
claim or right with respect to the financing proposal contained in such notice.
If, however, the terms of such proposal are subsequently modified in any
material respect, the preferential right referred to herein shall apply to such
modified proposal as if the original proposal had not been made.  The
Placement Agent's failure to exercise its preferential right with respect to any
particular proposal shall not affect its preferential rights relative to future
proposals.  The Company represents and warrants that there are
presently no other rights of first refusal for future financing now
outstanding.

    

    5.       
     The Company shall, as soon as practicable, prepare
and file with the Securities and Exchange Commission (the “Commission”), a
Registration Statement under the Securities Act of 1933, as amended (the "Act"),
covering the shares of common stock underlying the Secured Convertible Notes to
be sold in the Offering and the 6,000,000 shares issued for consulting to
Arjent. The proposed Registration Statement and all amendments thereto will be
submitted to the Placement Agent and its counsel prior to filing with the
Commission. The content of any oral comments and copies of all comment letters
received from the Commission and state securities authorities shall promptly be
supplied to the Placement Agent and its counsel. The Placement Agent shall be
given the opportunity to make such review and investigation in connection with
the Registration Statement as it deems desirable.

    

    6.        
    Promptly after the date hereof, the Company will supply
the Placement Agent with a list of all current shareholders of the Company and
all persons who possess securities convertible or exercisable into Common Stock
(including, without limitation, options and warrants).  On or before
the closing date (Funding/Release of Escrow from PPM), the Company shall (i)
file a Preliminary  Information Statement with the Securities and
Exchange Commission disclosing the Board’s and Shareholder’s actions to amend
the Certificate of Designation of the Series C Preferred Stock, which amendment
shall modify the conversion ratio from 1 share of Series C Preferred for 10
shares of Common Stock to 1 share of Series C Preferred for 1 share of Common
Stock, and upon approval by the SEC to file a Definitive Information Statement,
mail the amendment to the shareholders and make the appropriate filings with the
Florida Secretary of State; and  (ii) obtain from each of its officers
and directors, and such other shareholders of the Company’s Common Stock
(including those persons holding derivative securities) as the Placement Agent
shall determine, and  any other person who, on or before the closing
date, acquires shares from the Company or from any of the Company's officers,
directors or shareholders (the persons referred to in clauses (i), (ii) and
(iii) are hereinafter referred to as “Insiders") written commitments (the
"Lock-up") in which each Insider agrees (A) not to sell, transfer, grant any
rights in, pledge or otherwise dispose of any securities of the Company owned by
such Insider (either privately or publicly pursuant to Rule 144 of the General
Rules under the Securities Act of 1933 (the "Act") or otherwise) for a period
commencing on the closing date and ending 180 days after the closing date of the
Offering without the prior written approval of Placement Agent, except pursuant
to a private transaction so long as the acquirer of the securities, at the time
of acquisition, enters into a written agreement to be bound by the restrictions
and agreements contemplated by this Paragraph 6; (B) that, in the event that any
such Insider proposes to sell any security of the Company publicly at any time
during the one year period commencing immediately after the end of said one year
period, such Insider shall sell such securities through the Placement Agent, so
long as the price and terms of execution offered by Placement Agent are at least
as favorable as may be obtained from other brokerage firms; and (C) to enter
into escrow agreements not to exceed two years if required by any state
securities authority as a condition to registration of the Secured Convertible
Notes in such state, if offers and sales in such state are deemed by the
Placement Agent to be necessary for completion of the
Offering.  Furthermore, each such Insider will agree not to sell or
otherwise transfer any of the Company's securities owned by such Insider in a
private transaction unless and until the purchasers or recipients of such
securities agree to be bound by the restrictions and voting agreement imposed by
the foregoing sentence. (any closing)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    7.       
     The Company and the Placement Agent will cooperate in
obtaining the necessary approvals and qualifications in such states as the
Placement Agent deems desirable.

    

    8.       
     In addition to the commissions and expenses set
forth in paragraph 4 above, the Company shall pay all documented out of pocket
costs and expenses paid to unaffiliated third parties incident to the issuance,
purchase, sole and delivery of the Secured Convertible Notes including, without
limitation, (i) all fees and expenses incurred in connection with the shares to
be sold in the Offering; (ii) if applicable, the costs and expenses incurred in
connection with listing the securities sold in the Offering on the Nasdaq
National, Small Cap or OTC Bulletin Board Market; (iii) actual out of pocket and
mailing expenses incurred by the Placement Agent with respect to the
transmission of the offering materials; (iv) registrar and transfer agent fees;
issue and transfer taxes, if any; (v) costs of counsel and accountants for the
Company; (vi) all printing costs, including private placement documents, ; (vii)
costs of engraving stock and warrant certificates; (viii) reasonable costs, up
to a maximum of $15,000 of advertising the issue, including without limitation,
the costs of "tombstone advertisements" to be placed in appropriate daily or
weekly periodicals as the  Placement Agent may request; and (ix) costs
and expenses of Offering memorabilia.  Any expenses incurred by the
Placement Agent (excluding any fees payable to FINRA) shall not exceed in the
aggregate $5,000 without the prior written consent of the
Company.    .

    

    Conferences and discussions between the
Company and the Placement Agent shall be held as required within the City of New
York in the State of New York.  If meetings shall be held outside of
these areas and should the Placement Agent be required to incur special travel
expenses in connection with such meetings and the proposed Offering, the Company
agrees to pay such reasonable amount of pre-approved and documented traveling
and lodging out-of-pocket expenses as may be incurred by the Placement Agent or
its counsel, payable when incurred and billed.

    

    Since an important part of the
Placement Agent's due diligence investigations involves examination of both the
background of the principals of the Company, the Company agrees, if requested by
the Placement Agent, to engage and pay for, in an amount not to exceed $2,000,
an investigative search firm of the Placement Agent's choice to conduct a
background check of the principals of the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    9.             If
applicable, at such time as the Company and the Placement Agent are mutually
satisfied that it is appropriate to commence the Offering, the final terms of
the Private Placement Agreement will be negotiated.

    

    10.           The
Company shall, at its cost and expense, take all necessary and appropriate
action to maintain the listing of the Company on the AMEX, Nasdaq National,
Small Cap or OTC Bulletin Board Stock Market, and use its best efforts to remain
listed thereon for at least five years after the Effective Date.

    

    11.           The
Company and the Placement Agent represent that no person has acted as a finder
in connection with the transactions contemplated herein and the Placement Agent
and the Company agree to indemnify each other with respect to any claim for a
finder's fee in connection with the Offering.

    

    12.           Upon
conclusion of the Offering, the Company will engage a financial public relations
firm and separately a media communications  company mutually
acceptable to the Company and the Placement Agent to provide corporate
communications services. The Company agrees and undertakes to consult with the
Placement Agent prior to distribution to third parties of any financial
information, news releases, and/or other publicity regarding the Company, its
business, or any terms of the proposed Offering.

    

    13.           The
Company has designated Transfer Online or other acceptable agent as its transfer
agent and the Company shall retain such transfer agent for at least two years
following the offering.  The Company shall undertake to provide that
(i) no transfer fees are charged to holders of its securities in connection with
the any sales pursuant to Rule 144 under the Securities Act and (ii) it shall
retain counsel at the Company's cost, who will provide any legal opinions in
connection with transfers under Rule 144 of the Securities Act.  For a
period of two (2) years from the Effective Date of the Registration, the
Company, at its expense, shall provide the Placement Agent on a regular basis as
requested with copies of the Company's daily transfer sheets and securities
positions listings.

     

    14.           The
Placement Agent and the Company shall mutually agree on the use of proceeds of
the Offering.

    

    15.           If,
at any time prior to the signing of the Private Placement Agreement or the
closing, as the case may be, (i) the Company will not or cannot expeditiously
proceed with the Offering, including without limitation as a result of the
Company taking or not taking actions, or (ii) any of the representations,
warranties or covenants of the Company herein are not materially correct or
cannot be complied with, or (iii) in the Placement Agent's sole judgment, there
occurs a material adverse change in the Company's financial condition, business,
prospects or obligations, and the Placement Agent shall not commence or continue
the private placement, or (iv) in the Placement Agent's sole judgment, market
conditions are unsuitable for the Offering and the Placement Agent shall not
commence or continue the private placement, the Company shall reimburse the
Placement Agent for its actual documented out-of-pocket expenses paid to
unaffiliated third parties (including, without limitation, its legal fees and
disbursements) up to $75,000 including any advance previously paid pursuant to
section 3 hereof.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    The party so terminating shall have no
liability to the other on account of any matters provided for herein, except
that, regardless of which party elects to terminate, the Company agrees to
reimburse the Placement Agent for, or otherwise pay and bear, the expenses and
fees to be paid and borne by the Company as provided herein, and, in the event
of a sale or merger to which the Company or any subsidiary is a party within 180
days of the termination of this agreement, the Company shall engage the
Placement Agent as its investment banker in connection with the transaction and
pay the Placement Agent a transaction fee.

    

    16.          
(a)  This Agreement shall be construed in accordance with the laws of
the State of New York, without giving effect to conflict of laws.

    

    (b)  The Company and the
Placement Agent: (a) agree that any legal suit, action or proceeding arising out
of or relating to this Letter of Intent shall be instituted exclusively in New
York State Supreme Court, County of New York, or in the United States District
Court for the Southern District of New York, (b) waive any objection which they
may have now or hereafter to the venue of any such suit, action or proceeding,
and (c) irrevocably consent to the jurisdiction of the New York State Supreme
Court, County of New York and the United States District Court for the Southern
District of New York in any such suit, action or procedure.  Each of
the Company and the Placement Agent further agrees to accept and acknowledge
service of any and all process which may be served in any suit, action or
proceeding in the New York State Supreme Court for the Southern District of New
York, and agree that service of process upon them mailed by certified mail to
their respective addresses shall be deemed in every respect effective service of
process in any such suit, action or proceeding.  In the event of
litigation between the parties arising hereunder, the prevailing party shall be
entitled to costs and reasonable attorney's fees.

    

    17.           The
Company will retain securities counsel and independent auditors reasonably
acceptable to the Placement Agent, and for a period of two years after the
effective date, shall retain independent auditors reasonably acceptable to the
Placement Agent.

     

    18.           This
Letter of Intent may be executed in counterparts, each of which shall constitute
an original and all of which, when taken together, shall constitute one
agreement.

    

    We are delighted at the prospect of
working with you and look forward to a successful Offering.

    

    If you are in agreement with the
foregoing, please execute and return two copies of this letter to the
undersigned.

     

     

    
      
        	 	

                Very
      truly yours,

              	 
	 	 	 
	 	 	 
	 	ARJENT SERVICES
      LLC,	 
	 	 	 
	 	 	 	 
	 	
                By:
      

              	/s/ Robert
      Fallah	 
	 	 	Robert
      Fallah, Co-Chairman	 
	 	 	 	 

      

    

     

     

    
      
        	

                ACCEPTED
      AND AGREED TO AS OF

              	 	 	 	 
	THE
      DATE FIRST ABOVE WRITTEN:	 	 	 	 
	 	 	 	 	 
	

                Inform
      Worldwide Holdings, Inc.

              	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	By
      	
                /s/
      Ashvin Mascarenhas

              	 	 	
                 

              	 
	 	Ashvin Mascarenhas,
      CEOExhibit 10.01

 

	
Date:  
 	
April 14, 2008
 	
Amount: Up To $25,000 (U.S.)
 

 

LIGHTTOUCH VEIN & LASER, INC.

 

PROMISSORY NOTE

BEARING INTEREST AT 10% PER ANNUM

____________________________________________________________________________________

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES.  THESE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE TRANSFERRED OR SOLD IN THE ABSENCE OF AN EFFECTIVE REGISTRATION OR OTHER COMPLIANCE UNDER THE SECURITIES ACT OR THE LAWS OF THE APPLICABLE STATE OR A "NO-ACTION" OR INTERPRETIVE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER AND ITS COUNSEL TO THE EFFECT THAT THE SALE OR TRANSFER IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH STATE STATUTES.

____________________________________________________________________________________

 

LIGHTTOUCH VEIN & LASER, INC., a corporation duly organized and existing under the laws of the state of Nevada (hereinafter referred to as the "Company"), for value received, hereby promises to pay to Ed Bailey, the registered holder hereof, up to that amount borrowed by the Company from Mr. Bailey which as of the date of the note is eighteen thousand one hundred fifty five dollars($18,155) one year from date, upon presentation and surrender of this promissory note (the "Note") at the offices of the Company, in such lawful money of the United States of America as at the time of payment shall be legal tender for the payment of public and private debt, until the principal hereof is paid or made available for payment as herein provided.  Mr. Bailey has agreed to loan a total of up to
twenty-five thousand dollars ($25,000) to the Company on the terms, conditions and documentation provided in this Note.

 

	
 
 	
This Note is subject to the following further terms and material provisions:
 

 

1.         Letter of Credit. Mr. Bailey agrees to loan the Company up to twenty-five thousand dollars ($25,000) at any time within one year of the date of this Note upon request of the Company.  All sums loaned to the Company shall be on the same terms and conditions of this Note and be covered by this Note.  At the execution of this Note, Mr. Bailey has loaned eighteen thousand one hundred fifty five dollars($18,155) to the Company.

 

2.         Term and Interest.  The date of maturity of the Note shall be one year from the date of issuance, subject to prepayment as set forth in paragraph 3 hereof.  The Note shall bear simple interest at the rate of ten percent (10.0%) per annum.  The principal on the Note is payable on the maturity date, subject to prepayment as set forth in paragraph 3 hereof, and will be paid at the office of the Company, maintained for such purposes, to the registered holder of the Note on the books and records of the Company.  Accrued interest on the Note will be payable annually, on the anniversary date of the Note, 

 

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and will be paid at the office of the Company, maintained for such purposes, to the register holder of the Note on the books and records of the Company

 

3.         Prepayment.  This Note is subject to prepayment, in whole or in part, at the election of the Company at any time, upon not less than 10 days notice.  Prepayment shall be effected by paying the amount equal to the outstanding principal amount of the Note and accrued interest at the date of prepayment.  On the date fixed for prepayment by the Company, the amount of principal shall be paid in cash or certified funds.  Any Note which is prepaid only in part shall be presented for notation thereon by the Company of such partial prepayment.  If less than all the Note principal amount and interest is to be prepaid, notice of the proposed prepayment shall be sent to the registered holder of the Note and such prepayment shall be made.  

 

4.         Satisfaction and Discharge of Note.  This Note shall cease to be of further effect (except as to any surviving rights of transfer, or exchange of Notes herein expressly provided for) when:

 

 (a)       The Company has paid or caused to be paid all sums payable hereunder by the Company, including all principal and interest amounts under the Note; and

 

 (b)       All the conditions precedent herein provided for relating to the satisfaction and discharge of this Note have been met.

 

5.         Events of Default.  "Events of Default," when used herein, whatever the reason for such event of default and whether it shall be voluntary or involuntary or be effected by operation of law pursuant to any judgment, decree, or order of any court or any order, rule, or regulation of any administrative or government body or be caused by the provisions of any paragraph herein means any one of the following events:

 

 (a)       Default in the payment of the principal of the Note, when due, whether at maturity, or otherwise; or

 

 (b)       Default in the performance or breach of any covenant or warranty of the Company in this Note (other than a covenant or warranty, the breach or default in performance of which is elsewhere in this section specifically dealt with), and continuation of such default or breach for a period of 30 days after there has been given to the Company by registered or certified mail, by the holders of a majority in principal amount of the outstanding Note, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a notice of default hereunder; or

 

 (c)       The entry of a decree or order by a court having jurisdiction in the premises adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment, or composition of or in respect of the Company under the Federal Bankruptcy Act or any other applicable federal or state law, or appointing a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuation of any such decree or order unstayed and in effect for a period of 30 consecutive days; or

 

 (d)       The institution by the Company of proceedings to be adjudicated a bankrupt or insolvent, or the consent by it to the institution of bankruptcy or insolvency proceedings against 

 

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it, or a filing by it of a petition or answer or consent seeking reorganization or relief under the Federal Bankruptcy Act or any other applicable federal or state law; or

 

 (e)       The consent by the Company to the filing of any such petition or the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or of any substantial part of its property), or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action.

 

6.         Acceleration of Maturity.  If an event of default occurs and is continuing then, in every such case, the holder of a majority in principal amount of the outstanding Notes, may declare the principal of the Notes to be due and payable immediately, by a notice in writing to the Company of such default, and upon any such declaration, such principal shall become immediately due and payable.  At any time after such declaration of acceleration has been made, and before a judgment or decree for payment of money due has been obtained by the holders, the holders of a majority of the principal of the outstanding Notes, by written notice to the Company, may rescind and annul such declaration and its consequences, if all events of default, other than the nonpayment of the principal of the Notes
which has become due solely by such acceleration, has been cured or waived.  No such recession shall affect any subsequent default or impair any right contingent thereon.

 

7.         Suits for Enforcement.  If an event of default occurs and is continuing, the holder of a majority in principal amount of the outstanding Note may, in their discretion, proceed to protect and enforce their rights by such appropriate judicial proceedings as the holders shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement under this Note or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

 

8.         Limitation on Suits.  No holder of any Note shall have any right to institute any proceedings, judicial or otherwise, with respect to this Note, or for the appointment of a receiver or trustee, or for any remedy hereunder, unless such holder has previously given written notice to the Company of a continuing event of default as provided above; it being understood and intended that no one or more holders of this Note shall have any right in any manner whatever by virtue of, or by availing of, any provisions of this Note to effect, disturb or prejudice the right of any other holders of Notes, or to obtain or to seek to obtain priority or preference over any other holders or to enforce any right under this Note, except in the manner herein provided and for the equal and ratable benefit of
all the holders of the Note.

 

9.         Acts of Holders.  Any request, demand, authorization, direction, notice, consent, waiver, or other action provided by this Note to be given or taken by the holder hereof or by the holders of the Notes may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such holders in person or by their agent or attorney-in-fact, duly appointed in writing; and, except as otherwise expressly provided herein, such action shall become effective when such instrument or instruments are delivered to the Company in the manner provided for giving notices herein.  Such instrument or instruments, and the action embodied therein or evidenced thereby, are herein sometimes referred to as the “act” of the holders signing such instrument or instruments.  Proof
of execution of any such instrument or of writing appointing any such agent shall be sufficient for any purpose of this Note if the fact and date of execution by any person of any purpose of the Note if the fact and date of execution by any person of any such instrument or writing is verified by the affidavit of a witness of such execution or by the request, demand, authorization, direction, notice, consent, waiver, or other action by the holder 

 

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of this Note shall bind every Note holder of the same Note and the holder of every Note issued upon the transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or suffered to be done by any person in reliance thereon, whether or not notation of such action is made upon such Note.

 

10.       Notices to Holders; Waiver.  Where this Note provides for notice to holders of any event, such notice shall be sufficiently given if in writing and sent by courier providing for delivery within 72 hours or mailed, registered, postage prepaid, to each holder affected by such event, at his address as it appears in the Note register maintained by the Company, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.  Where the Note provides for notice to the Company, such notice shall be sufficiently given if in writing and mailed, registered, postage prepaid, to the Company at its address set forth above (or at such other address as shall be provided to the holder of this Note in the manner for giving notices set forth herein), not later than
the latest date, and not earlier than the earliest date, prescribed for the giving of such notice.  Where this Note provides for notice in any manner, such notice may be waived in writing by the person entitled to receive such notice, whether before or after the event, any such waiver shall be equivalent of such notice.

 

11.       Restrictions.  The holder of this Note, by acceptance hereof, represents and warrants as follows:

 

 (a)       The Note is being acquired for the holder's own account to be held for investment purposes only and not with a view to, or for, resale in connection with any distribution of such Note or any interest therein without registration or other compliance under the Securities Act and applicable state securities laws, and the holder hereof has no direct or indirect participation in any such undertaking or in underwriting such an undertaking. 

 

 (b)       The holder hereof has been advised and understands that the Note has not been registered under the Securities Act and the Note must be held and may not be sold, transferred, or otherwise disposed of for value unless it is subsequently registered under the Securities Act or an exemption from such registration is available; except as set forth herein, the Company is under no obligation to register the Note under the Securities Act; in the absence of such registration, sale of the Note may be impracticable; the Company will maintain stop-transfer orders against registration of transfer of the Note.  The Company may refuse to transfer the Note unless the holder thereof provides an opinion of legal counsel reasonably satisfactory to the Company or a "no-action" or interpretive response from the Securities and Exchange Commission
to the effect that the transfer is proper; further, unless such letter or opinion states that the Note are free from any restrictions under the Securities Act, the Company may refuse to transfer the Note to any transferee who does not furnish in writing to the Company the same representations and agree to the same conditions with respect to such Note if any set forth herein.  The Company may also refuse to transfer the Note if any circumstance is present reasonably indicating that the transferee's representations are not accurate.

 

12.       Severability.  In case any provision in this Note shall be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

13.       Governing Law.  This Note shall be governed by and construed and interpreted in accordance with the laws of the state of Nevada. 

 

14.       Legal Holidays.  In any case where any date provided herein shall not be a business day, then (notwithstanding any other provision of this Note) the event required or permitted on such date shall 

 

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be required or permitted, as the case may be, on the next succeeding business day with the same force and effect as if made on the date upon which such event was required or permitted pursuant hereto.

 

15.       Delay or Omission; No Waiver.  No delay or omission of any holder of the Note to exercise any right or remedy accruing upon any event of default shall impair any such right or remedy or constitute a waiver of any such event or default or any acquiescence therein.  Every right or remedy given hereby or by law may be from time to time, and as often as may be deemed expedient.

 

	
 
 	
16.
 	
Miscellaneous.  This Note is subject to the following additional terms and conditions:
 

 

 (a)       If this Note is placed with any attorney for collection, or if suit be instituted for collection, or if any other remedy provided by law is pursued by the registered holder hereof, because of any default in the terms and conditions herein, then in either event, the undersigned agrees to pay reasonable attorneys' fees, costs, and other expenses incurred by the registered holder hereof in so doing.

 

 (b)       None of the rights and remedies of the registered holder hereof shall be waived or affected by failure or delay to exercise them.  All remedies conferred on the registered holder of this Note shall be cumulated and none is exclusive.  Such remedies may be exercised concurrently or consecutively at the registered holder's option.

 

 (c)       This Note is negotiable and transferable, subject to compliance with the provisions of paragraph 11 hereof.

 

 (d)       The makers, guarantors, and endorsers hereof severally waive presentment for payment, protest, and notice of protest, and of nonpayment of this Note.

 

	
 
 	
DATED effective as of the 14th day of April, 2008.
 

 

	
 
 	
LIGHTTOUCH VEIN & LASER, INC.
 

 

 

	
 
 	
By  
 

	
 
 	
Its Duly Authorized Manager
 

 

	
 
 	
Ed Bailey
 

 

 

	
 
 	
_______________________________
 

 

 

-5-

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