Document:

Exhibit 10.79

    
      

    

    December
      28, 2005

    MEMORANDUM
      OF UNDERSTANDING

    

    A
      Memorandum of Understanding (MOU) between Quantum Molecular Pharmaceuticals,
      Inc, (QMP), Imagin Diagnostic Centres, Inc. (IDC) and Positron Corporation
      (POSC) together referred to as the “parties”. 

     

    Whereas
      the parties are desirous to collaborate to develop a new generation of positron
      emission tomography (PET) technology using concepts and research and development
      activities ( R & D effort) conceived and to be implemented by Dr. Irving
      Weinberg of Rockville, Maryland.

    

    Whereas
      ,
      Dr. Irving Weinberg is an exclusive consultant to QMP. Whereas QMP has agreed
      to
      create a support team for the implementation of the R & D effort to be
      headquartered in Rockville, Maryland and at Georgetown University in Washington,
      DC or an equivalent research-based institution or entity. (“the institutional
      research facility”).

    

    Whereas
      POSC has asked QMP and IDC to supplement the funding of these activities through
      a joint venture. QMP, IDC and POSC agree that this MOU will outline the
      agreement between the parties to proceed with this joint effort. The parties
      agree as follows:

    

    
      	 	
              1.
                

            	
              The
                parties will form a joint venture (JV) to be called Quantum Molecular
                Technologies JV - (“QMTJV” or “JV”) which will have an 51% participation
                for QMP, a 20% participation for POSC and . iMAGIN Diagnostic Centres,
                Inc., (IDC) will retain ownership of 29% of the QMTJV. QMP, IDC and
                POSC
                will be the only JV partners. 

            

    

    

    
      	 	
              2. 

            	
              POSC
                will have an option to increase its JV participation to 51% throughout
                the
                acquisition of a further 31% interest in the JV from QMP by transfer
                to
                QMP of 150 million common shares of POSC calculated on a pre-split
                basis
                during the period to end December 31,
                2007.

            

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	 	
              3.

            	
              Dr.
                Irving Weinberg will head up the JV and will be supported by the
                institutional research facility.

            

    

    

    
      	 	
              4.

            	
              POSC
                will fund the JV from the date of December 28, 2005. QMP will administer
                the accounting for the JV and will issue monthly progress and financial
                reports to the JV partners.

            

    

    

    
      	 	
              5.

            	
              QMP
                and iMAGIN Diagnostic Centres, Inc. “the funding partners” will have the
                right to fund the JV through the acquisition of POSC convertible
                preferred
                shares in an amount up to (US) $4 million which preferred will be
                convertible into POSC common shares priced at .02¢
                per common share. Preferred shares will have all of the qualities
                of the
                POSC Series G Preferred. As an adjunct to the financing, QMP and
                IDC will
                grant to POSC of a free carried interest of 20% in the JV. POSC will
                issue
                the convertible preferred shares to “the funding parties” periodically as
                it receives funding. POSC will be obligated to fund the JV however,
                POSC
                will have the flexibility to use funds received from the funding
                parties
                as it sees fit including for POSC working capital
                purposes.

            

    

    

    
      	 	
              6.

            	
              POSC
                will have the right to manufacture and sell PET products developed
                by the
                JV in exchange for royalty payments to the JV to be negotiated. Royalty
                payments will be at favorable rates to POSC at the low end of ranges
                prevalent in the medical diagnostic imaging
                industry.

            

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    
      	 	
              7.

            	
              All
                funding by POSC into the QMTJV will be in the form of debt which
                will be
                repayable to POSC out of the first cash flow generated by
                QMTJV.

            

    

    

    
      	 	
              8. 

            	
              Any
                disputes which arise as a result of this MOU will be adjudicated
                in
                Toronto, Ontario by arbitration with an arbitrator agreed upon by
                the
                parties.

            

    

    

     

    Dated
      at
      Toronto, Ontario and Chicago Illinois, the 28th
      day of
      December, 2005.

     

     

    
      	Quantum
              Molecular Pharmaceutical, Inc.	 	Positron
              Corporation
	 	 	 	 	 
	
              Per:

            	
               

            	 	
              Per:

            	
               

            

    

     

     

    

     iMAGIN
      Diagnostic Centres, Inc.

    

    
      	
              Per:
                

            	
               

            	 

    

     

    3FLIP form8k 03-31-2006 EX 10.1

    EXHIBIT
      10.1

    

    

    EchoStar
      Satellite L.L.C.

    9601
      S.
      Meridian Blvd.

    Englewood,
      Colorado 80112

    Tel.
      303.723.1000

    Fax
      303.723.1699

    

    

    March
      27,
      2005

    

    Richard
      E. Miller

    President

    See
      World
      Satellites, Inc.

    1321
      Wayne Ave.

    Indiana,
      PA 15701

    

    Re: Consent
      to Transfer of All Issued and Outstanding Shares of Common
      Stock

    

    Dear
      Mr.
      Miller:

    

    Pursuant
      to Section 17.2 of the EchoStar Retailer Agreement effective as of December
      31,
      2004 by and between EchoStar Satellite L.L.C. (“EchoStar”) and See World
      Satellites, Inc. (“SWS”) (as previously amended, the “ERA), EchoStar hereby
      conditionally grants its consent to the direct transfer solely and exclusively
      from Richard E. Miller (“Miller”) to FTS Group, Inc. (“FTS”) of all of Miller’s
      right, title and interest in and to all of the issued and outstanding shares
      of
      the common stock of SWS (the “SWS Share Transfer”), subject to the complete and
      timely occurrence of all of the following events: (i) SWS duly executing and
      delivering to EchoStar the the “Amendment No. 1 to Retailer Agreements” in the
      form attached hereto as Exhibit A (the “Retailer Agreement 1”); (ii) the giving
      of notice from SWS to EchoStar in accordance with Section 17.10.1 of the ERA
      and
      Section 17.10.1 of the Distributor Retailer Agreement effective as of January
      31, 2006 by and between EchoStar and SWS (as previously amended, the “DRA”)
      that, other than the giving of EchoStar’s and DNSC’s consent hereunder, any and
      all permissions, consents, approvals, acknowledgements and other actions
      required to be obtained, received, completed or performed from any person or
      entity and for any reason in connection with the SWS Share Transfer have been
      fully and correctly obtained, received completed or performed, as applicable
      (the “Notice to EchoStar of Other Consents”); (iii) the giving of notice from
      SWS to DISH Network Service Corporation (“DNSC”) in accordance with Section 14.3
      of the Authorized Regional Service Provider Agreement effective as of June
      14,
      2003 by and between DNSC and SWS (as previously amended, the “RSPA”) that, other
      than the giving of EchoStar’s and DNSC’s consent hereunder, any and all
      permissions, consents, approvals, acknowledgements and other actions required
      to
      be obtained, received, completed or performed form any person or entity and
      for
      any reason in connection with the SWS Share Transfer have been fully and
      correctly obtained, received completed or performed, as applicable (the “Notice
      to DNSC of Other Consents”); and (iv) SWS fully and correctly completing
      (including without limitation all applicable signatures and initials) and
      submitting to EchoStar or DNSC, as applicable, any and all applications,
      documents, instruments and other information as may be required or requested
      by
      EchoStar or DNSC, at any time and from time to time in the sole and absolute
      discretion for any reason or no reason of EchoStar or DNSC, as applicable,
      for
      the purpose of evidencing the SWS Share Transfer and/or any other associated
      transactions in connection therewith or the ERA, DRA and/or RSPA (including
      without limitation the provision by SWS of any revised electronic funds transfer
      instructions applicable to any performance by either party thereto under the
      ERA, DRA or RSPA) on EchoStar’s, DNSC’s and/or any of their Affiliates’ retailer
      or regional service provider database and/or other applicable records of any
      type (collectively, the “Retailer/RSP Records”); provided that: (a) EchoStar
      shall be entitled, in its sole and absolute discretion for any reason or no
      reason, to withdraw this letter and such conditional grant of consent at any
      time prior to the occurrence of all of the foregoing events, and (b) in the
      event that all of the foregoing events have no occurred by 5:00 pm (prevailing
      Mountain Time) on Friday, April 14, 2006, this letter shall automatically become
      void ab initio and be of no further force or effect.

    

    Pursuant
      to the terms and conditions of the Trademark License Agreement effective as
      of
      December 31, 2004 by and between EchoStar and SES and attached to the ERA as
      Exhibit A thereto (as previously amended, the “ETLA”), EchoStar hereby
      conditionally grants its consent to the SWS Share Transfer, subject to the
      complete and timely occurrence of all of the following events: (i) SWS duly
      executing and delivering to EchoStar the Retailer Amendment 1; (ii) the giving
      by SWS of the Notice to EchoStar of Other Consents; (iii) the giving by SWS
      of
      the Notice to DNSC of Other Consents; and (iv) SWS fully and correctly
      completing (including without limitation all applicable signatures and initials)
      and submitting to EchoStar or DNSC, if and as applicable, the Retailer/RSP
      Records; provided that: (a) EchoStar shall be entitled, in its sole and absolute
      discretion for any reason or no reason, to withdraw this letter and such
      conditional grant of consent at any time prior to the occurrence of all of
      the
      foregoing events, and (b) in the event that all of the foregoing events have
      no
      occurred by 5:00 pm (prevailing Mountain Time) on Friday, April 14, 2006, this
      letter shall automatically become void ab initio and be of no further force
      or
      effect.

    

    Pursuant
      to Section 17.2 of the DRA, EchoStar hereby conditionally grants its consent
      to
      the SWS Share Transfer, subject to the complete and timely occurrence of all
      of
      the following events: (i) SWS duly executing and delivering to EchoStar the
      Retailer Amendment 1; (ii) the giving by SWS of the Notice to EchoStar of Other
      Consents; (iii) the giving by SWS of the Notice to DNSC of Other Consents;
      and
      (iv) SWS fully and correctly completing (including without limitation all
      applicable signatures and initials) and submitting to EchoStar or DNSC, if
      and
      as applicable, the Retailer/RSP Records; provided that: (a) EchoStar shall
      be
      entitled, in its sole and absolute discretion for any reason or no reason,
      to
      withdraw this letter and such conditional grant of consent at any time prior
      to
      the occurrence of all of the foregoing events, and (b) in the event that all
      of
      the foregoing events have not occurred by 5:00 pm (prevailing Mountain Time)
      on
      Friday, April 14, 2006, this letter shall automatically become void ab initio
      and be of no further force or effect.

    

    Pursuant
      to the terms and conditions of the Trademark License Agreement effective as
      of
      December 31, 2005 by and between EchoStar and SWS and attached to the DRA as
      Exhibit A thereto (as previously amended, the “DTLA”), EchoStar hereby
      conditionally grants its consent to the SWS Share Transfer, subject to the
      complete and timely occurrence of all of the following events: (i) SWS duly
      executing and delivering to EchoStar the Retailer Amendment 1; (ii) the giving
      by SWS of the Notice to EchoStar of Other Consents; (iii) the giving by SWS
      of
      the Notice to DNSC of Other Consents; and (iv) SWS fully and correctly
      completing (including without limitation all applicable signatures and initials)
      and submitting to EchoStar or DNSC, if and as applicable, the Retailer/RSP
      Records; provided that: (a) EchoStar shall be entitled, in its sole and absolute
      discretion for any reason or no reason, to withdraw this letter and such
      conditional grant of consent at any time prior to the occurrence of all of
      the
      foregoing events, and (b) in the event that all of the foregoing events have
      not
      occurred by 5:00 pm (prevailing Mountain Time) on Friday, April 14, 2006, this
      letter shall automatically become void ab initio and be of no further force
      or
      effect.

    

    Pursuant
      to Section 14.4 of the RSPA, DNSC hereby conditionally grants its consent to
      the
      SWS Share Transfer, subject to the complete and timely occurrence of all of
      the
      following events: (i) SWS duly executing and delivering to EchoStar the Retailer
      Agreement 1; (ii) the giving by SWS of the Notice to EchoStar of Other Consents;
      (iii) the giving by SWS of the Notice to DNSC of Other Consents; and (iv) SWS
      fully and correctly completing (including without limitation all applicable
      signatures and initials) and submitting to EchoStar or DNSC, if and as
      applicable, the Retailer/RSP Records; provided that: (a) DNSC shall be entitled,
      in its sole and absolute discretion for any reason or no reason, to withdraw
      this letter and such conditional grant of consent at any time prior to the
      occurrence of all of the foregoing events, and (b) in the event that all of
      the
      foregoing events have not occurred by 5:00 pm (prevailing Mountain Time) on
      Friday, April 14, 2006, this letter shall automatically become void ab initio
      and be of no further force or effect.

    

    This
      letter does not in any way release SWS or Miller in any manner whatsoever form
      any performance, obligations or liabilities that may arise from or relate to
      the
      ERA, ETLA, DRA, DTLA or RSPA.

    

    If
      you
      desire to enter into the Retailer Amendment 1, please: (i) sign and date the
      execution copy of Retailer Amendment 1 (which has been provided with this letter
      for your convenience) in the appropriate space, (ii) fax a fully-executed copy
      to the attention of Erik Carlson, SVP, Sales, EchoStar Satellite L.L.C. at
      the
      following fax number: 303-723-3893; and (iii) mail two fully-executed originals
      to Erik Carlson, SVP, Sales, EchoStar Satellite L.L.C. at the address specified
      above.

    

    ECHOSTAR
      SATELLITE L.L.C

    

    By: /s/
      James DeFranco 

    James
      DeFranco

    Executive
      Vice President

    

    

    By: /s/
      James DeFranco

    James
      DeFranco

    Executive
      Vice President

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