Document:

Exhibit
      10.11 

    

    Synvista
      Therapeutics, Inc.

    Description
      of Director Compensation Arrangements

    

    All
      of
      the directors are reimbursed for their expenses for each Board meeting attended.
      Directors who are not compensated as Synvista employees receive $1,500 per
      Board
      meeting attended in person and $750 for each Board meeting attended by
      telephone.

    

    Compensation
      of Directors under Alteon’s 2005
      Stock
      Option Plan, 

    as
      amended on July 19, 2006 

     

    Pursuant
      to Alteon’s Amended 2005 Stock Option Plan, as amended on July 19, 2006,
      non-compensated directors also receive, upon the date of their election or
      re-election to the Board, a stock option to purchase 20,000 shares of common
      stock (subject to adjustment if they received stock options upon appointment
      to
      the Board between Annual Meetings of Stockholders to fill a vacancy or newly
      created directorship) at an exercise price equal to the fair market value of
      the
      common stock on the date of grant. Each of these options will vest and become
      exercisable upon completion of one full year of service on the Board following
      the date of grant, subject to the director’s continued service on the
      Board.Unassociated Document

    Exhibit
      10.12 

    

    Synvista
      Therapeutics, Inc.

    Description
      of Executive Officer Compensation Arrangements

    

    The
      following are Synvista’s executive officers. The salaries for 2008 have been set
      as follows:

    

    
      	
              Named
                Executive Officer

            	 	
              Position

            	 	
              2008
                Salary

            	 	
              2008
                Bonus Range

            
	
              Noah
                Berkowitz, M.D., Ph.D.

            	 	
              President
                and Chief Executive Officer

            	 	
              $300,000

            	 	
              $0
                to $105,000

            
	
              Carl
                M. Mendel, M.D.

            	 	
              Vice
                President of Clinical
                Development and Chief Medical Officer 

            	 	
              $275,000

            	 	
              $0
                to $55,000

            

    

    

    In
      addition to the above, each of the executive officers, at the discretion of
      Synvista's Compensation Committee, may receive an additional year-end
      bonus.EMPLOYMENT
      AGREEMENT

     

    (Executive
      Level)

     

    AGREEMENT,
      dated as of January 1, 2008, between MDwerks, Inc., a Delaware corporation
      (the
      "Company"), and the Executive identified on Exhibit
      A
      attached
      hereto (the "Executive").

     

    WITNESSETH:

     

    WHEREAS,
      the Company desires to retain the services of the Executive and to that end
      desires to enter into a contract of employment with him, upon the terms and
      conditions herein set forth; and

     

    WHEREAS,
      the Executive desires to be employed by the Company upon such terms and
      conditions;

     

    NOW,
      THEREFORE, in consideration of the premises and of the mutual benefits and
      covenants contained herein, the parties hereto, intending to be bound, hereby
      agree as follows:

     

    1. APPOINTMENT
      AND TERM

     

    Subject
      to the terms hereof, the Company hereby employs the Executive, and the Executive
      hereby accepts employment with the Company, all in accordance with the terms
      and
      conditions set forth herein, for a period commencing on the date hereof (the
      "Commencement Date") and ending on the date (the "Expiration Date") set forth
      in
Exhibit
      A,
      unless
      the parties mutually agree in writing upon a later date.

     

    2. DUTIES

     

    (a) During
      the term of this Agreement, the Executive shall be employed in the position
      set
      forth in Exhibit
      A
      and
      shall, unless prevented by incapacity, devote all of his business time,
      attention and ability during normal corporate office business hours to the
      discharge of his duties hereunder and to the faithful and diligent performance
      of such duties and the exercise of such powers as may be assigned to or vested
      in him by the Board of Directors of the Company (the "Board"), the President
      and
      Chief Executive Officer of the Company and any other senior executive officer
      of
      the Company, such duties to be consistent with his position. The Executive
      shall
      obey the lawful directions of the Board, the Company's President and Chief
      Executive Officer and any other senior executive officer of the Company and
      shall use his diligent efforts to promote the interests of the Company and
      to
      maintain and promote the reputation thereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b) The
      Executive shall not during his term of employment (except as a representative
      of
      the Company or with the consent in writing of the Board) be directly or
      indirectly engaged or concerned or interested in any other business activity,
      except through ownership of an interest of not more than 2% in any entity that
      does not compete with the Company, provided it does not impair the ability
      of
      the Executive to discharge fully and faithfully his duties
      hereunder.

     

    (c) Notwithstanding
      the foregoing provisions, the Executive shall be entitled to serve in various
      leadership capacities in civic, charitable and professional organizations.
      The
      Executive recognizes that his primary and paramount responsibility is to the
      Company.

     

    (d) The
      Executive shall be based in the Deerfield Beach, Florida area, except for
      required travel on the Company's business.

     

    3. REMUNERATION

     

    (a) As
      compensation for his services pursuant hereto, the Executive shall be paid
      a
      base salary during his employment hereunder at the annual rate set forth in
      Exhibit
      A.
      This
      amount shall be payable in equal periodic installments in accordance with the
      usual payroll practices of the Company.

     

    
      
         

      

      
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    (b) Except
      as
      provided above, in Exhibit
      A
      and in
      Sections 4 and 6 hereof, the Executive shall not be entitled to receive any
      additional compensation, remuneration or other payments from the
      Company.

     

    4. HEALTH
      INSURANCE AND OTHER FRINGE BENEFITS

     

    The
      Executive shall be entitled to participate in regular employee fringe benefit
      programs to the extent such programs are offered by the Company to its executive
      employees, including, but not limited to, medical, hospitalization and
      disability insurance and life insurance, Section 529 education plan and 401(k)
      plan. 

     

    5. VACATION

     

    The
      Executive shall be entitled to the number of weeks of vacation set forth in
      Exhibit
      A
      (in
      addition to the usual national holidays) during each contract year during which
      he serves hereunder. Such vacation shall be taken at such time or times as
      will
      be mutually agreed between the Executive and the Company. Vacation not taken
      during a calendar year may not be carried forward.

     

    6. REIMBURSEMENT
      FOR EXPENSES

     

    The
      Executive shall be reimbursed for reasonable documented business expenses
      incurred in connection with the business of the Company in accordance with
      practices and policies established by the Company.

     

    
      
         

      

      
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    7. TERMINATION

     

    (a) This
      Agreement shall terminate in accordance with the terms of Section 7(b) hereof;
      provided,
      however,
      that
      such termination shall not affect the obligations of the Executive pursuant
      to
      the terms of Sections 8 and 9.

     

    (b) This
      Agreement shall terminate on the Expiration Date; or as follows:

     

    (i) Upon
      the
      written notice to the Executive by the Company at any time, because of the
      willful and material malfeasance, dishonesty or habitual drug or alcohol abuse
      by the Executive related to or affecting the performance of his duties, the
      Executive's continuing and intentional breach, non-performance or non-observance
      of any of the terms or provisions of this Agreement, but only after notice
      by
      the Company of such breach, nonperformance or nonobservance and the failure
      of
      the Executive to cure such default as soon as practicable (but in any event
      within ten (10) days following written notice from the Company), the conduct
      by
      the Executive which the Board in good faith determines could reasonably be
      expected to have a material adverse effect on the business, assets, properties,
      results of operations, financial condition, personnel or prospects of the
      Company (within each category, taken as a whole), but only after notice by
      the
      Company of such conduct and the failure of the Executive to cure same as soon
      as
      practicable (but in any event within ten (10) days following written notice
      from
      the Company), or upon the Executive's conviction of a felony, any crime
      involving moral turpitude (including, without limitation, sexual harassment)
      related to or affecting the performance of his duties or any act of fraud,
      embezzlement, theft or willful breach of fiduciary duty against the
      Company.

     

    (ii) In
      the
      event the Executive, by reason of physical or mental disability, shall be unable
      to perform the services required of him hereunder for a period of more than
      60
      consecutive days, or for more than a total of 90 non-consecutive days in the
      aggregate during any period of twelve (12) consecutive calendar months, on
      the
      61st consecutive day, or the 91st day, as the case may be. The Executive agrees,
      in the event of any dispute under this Section 7(b)(ii), and after written
      notice by the Board, to submit to a physical examination by a licensed physician
      practicing in the South Florida area selected by the Board, and reasonably
      acceptable to the Executive.

     

    
      
         

      

      
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    (iii) In
      the
      event the Executive dies while employed pursuant hereto, on the day in which
      his
      death occurs.

     

    (c) If
      this
      Agreement is terminated pursuant to Section 7(b), the Company will have no
      further liability to the Executive after the date of termination including,
      without limitation, the compensation and benefits described herein; provided
      that, in
      the case of termination pursuant to Section 7(b)(ii), the Executive will receive
      his then current salary until such time (but not more than 90 days after such
      disability) as payments begin under any disability insurance plan of the
      Executive.

     

    (d) In
      the
      event the Company chooses not to enter into any agreement or amendment extending
      the Executive's employment beyond the Expiration Date, the Company agrees to
      provide Executive at least 60 days prior written notice of such determination
      (which notice may be given either prior to or after such Expiration Date, but
      if
      notice is given any later than 60 days prior to the Expiration Date, then the
      term of this Agreement shall be extended until the date which is 60 days after
      the date such notice is given), during which time the Executive may seek
      alternative employment while still being employed by the Company.

     

    
      
         

      

      
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    8. CONFIDENTIAL
      INFORMATION

     

    (a) The
      Executive covenants and agrees that he will not at any time during the
      continuance of this Agreement or at any time thereafter (i) print, publish,
      divulge or communicate to any person, firm, corporation or other business
      organization (except in connection with the Executive's employment hereunder)
      or
      use for his own account any secret or confidential information relating to
      the
      business of the Company (including, without limitation, information relating
      to
      any customers, suppliers, employees, products, services, formulae, technology,
      know-how, trade secrets or the like, financial information or plans) or any
      secret or confidential information relating to the affairs, dealings, projects
      and concerns of the Company, both past and planned (the "Confidential
      Information"), which the Executive has received or obtained or may receive
      or
      obtain during the course of his employment with the Company (whether or not
      developed, devised or otherwise created in whole or in part by the efforts
      of
      the Executive), or (ii) take with him, upon termination of his employment
      hereunder, any information in paper or document form or on any computer-readable
      media relating to the foregoing. The term "Confidential Information" does not
      include information which is or becomes generally available to the public other
      than as a result of disclosure by the Executive or which is generally known
      in
      the medical claim processing and receivable financing business. The Executive
      further covenants and agrees that he shall retain the Confidential Information
      received or obtained during such service in trust for the sole benefit of the
      Company or its successors and assigns.

     

    (b) The
      term
      Confidential Information as defined in Section 8(a) hereof shall include
      information obtained by the Company from any third party under an agreement
      including restrictions on disclosure known to the Executive.

     

    
      
         

      

      
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    (c) In
      the
      event that the Executive is requested pursuant to subpoena or other legal
      process to disclose any of the Confidential Information, the Executive will
      provide the Company with prompt notice so that the Company may seek a protective
      order or other appropriate remedy and/or waive compliance with Section 8 of
      this
      Agreement. In the event that such protective order or other remedy is not
      obtained or that the Company waives compliance with the provisions of Section
      8
      of this Agreement, the Executive will furnish only that portion of the
      Confidential Information which is legally required.

     

    9. RESTRICTIONS
      DURING EMPLOYMENT AND FOLLOWING TERMINATION

     

    (a) The
      Executive shall not, anywhere within the United States, during his full term
      of
      employment under Section 1 hereof and for a period of one (1) year thereafter,
      notwithstanding any earlier termination pursuant to Section 7(b) hereof, without
      the prior written consent of the Company, directly or indirectly, and whether
      as
      principal, agent, officer, director, partner, employee, consultant, broker,
      dealer or otherwise, alone or in association with any other person, firm,
      corporation or other business organization, carry on, or be engaged, have an
      interest in or take part in, or render services to any person, firm, corporation
      or other business organization (other than the Company) engaged in a business
      which is competitive with all or part of the Business of the Company. The term
      "Business of the Company" shall mean developing, providing and marketing
      technology and financial services that focus on products and services related
      to
      processing claims by medical professionals and service providers for insurance
      reimbursement and the financing of receivables due to them arising out of such
      claims.

     

    (b) The
      Executive shall not, for a period of one (1) year after termination of his
      employment hereunder, either on his own behalf or on behalf of any other person,
      firm, corporation or other business organization, endeavor to entice away from
      the Company any person who, at any time during the continuance of this
      Agreement, was an employee of the Company.

     

    
      
         

      

      
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    (c) The
      Executive shall not, for a period of one (1) year after termination of his
      employment hereunder, either on his own behalf or on behalf of any other person,
      firm, corporation or other business organization, solicit or direct others
      to
      solicit, any of the Company's customers or prospective customers (including,
      but
      not limited to, those customers or prospective customers with whom the Executive
      had a business relationship during his term of employment) for any purpose
      or
      for any activity which is competitive with all or part of the Business of the
      Company.

     

    (d) It
      is
      understood by and between the parties hereto that the foregoing covenants by
      the
      Executive set forth in this Section 9 are essential elements of this Agreement
      and that, but for the agreement of the Executive to comply with such covenants,
      the Company would not have entered into this Agreement. It is recognized by
      the
      Executive that the Company currently operates in, and may continue to expand
      its
      operations throughout, the geographical territories referred to in Section
      9(a)
      above. The Company and the Executive have independently consulted with their
      respective counsel and have been advised in all respects concerning the
      reasonableness and propriety of such covenants.

     

    10. REMEDIES

     

    (a) Without
      intending to limit the remedies available to the Company, it is mutually
      understood and agreed that the Executive's services are of a special, unique,
      unusual, extraordinary and intellectual character giving them a peculiar value,
      the loss of which may not be reasonably or adequately compensated in damages
      in
      an action at law, and, therefore, in the event of any material breach by the
      Executive that continues after any applicable cure period, the Company shall
      be
      entitled to equitable relief by way of injunction or otherwise.

     

    
      
         

      

      
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    (b) The
      covenants of Section 8 shall be construed as independent of any other provisions
      contained in this Agreement and shall be enforceable as aforesaid
      notwithstanding the existence of any claim or cause of action of the Executive
      against the Company, whether based on this Agreement or otherwise. In the event
      that any of the provisions of Sections 8 or 9 hereof should ever be adjudicated
      to exceed the time, geographic, product/service or other limitations permitted
      by applicable law in any jurisdiction, then such provisions shall be deemed
      reformed in any such jurisdiction to the maximum time, geographic,
      product/service or other limitations permitted by applicable law.

     

    11. COMPLIANCE
      WITH OTHER AGREEMENTS

     

    The
      Executive represents and warrants to the Company that the execution of this
      Agreement by him and his performance of his obligations hereunder will not,
      with
      or without the giving of notice or the passage of time or both, conflict with,
      result in the breach of any provision of or the termination of, or constitute
      a
      default under, any agreement to which the Executive is a party or by which
      the
      Executive is or may be bound.

     

    12. WAIVERS

     

    The
      waiver by the Company or the Executive of a breach of any of the provisions
      of
      this Agreement shall not operate or be construed as a waiver of any subsequent
      breach.

     

    13. BINDING
      EFFECT; BENEFITS

     

    This
      Agreement shall inure to the benefit of, and shall be binding upon, the parties
      hereto and their respective successors, assigns, heirs and legal
      representatives, including any corporation or other business organization with
      which the Company may merge or consolidate or sell all or substantially all
      of
      its assets. Insofar as the Executive is concerned, this contract, being
      personal, cannot be assigned.

     

    
      
         

      

      
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    14. NOTICES

     

    All
      notices and other communications which are required or may be given under this
      Agreement shall be in writing and shall be deemed to have been duly given when
      delivered to the person to whom such notice is to be given at his or its address
      et forth below, or such other address for the party as shall be specified by
      notice given pursuant hereto:

     

    
      	 	
              (a)

            	
              If
                to the Executive, to him at the address set forth in Exhibit
                A.

            

      	 	 	 

      	 	 	and

      	 	 	 

      	 	(b) 	If to the Company, to it at:

      	 	 	 

      	 	 	
              MDwerks,
                Inc.

              Windolph
                Center, Suite I

              1020
                N.W. 6th
                Street

              Deerfield
                Beach, Florida 33442

              Attention:
                Chairman of the Board

            

      	 	 	 

      	 	 	with a copy to:

      	 	 	 

      	 	 	
              Greenberg
                Traurig, LLP

              200
                Park Avenue, 14th
                Floor

              New
                York, New York 10166

              Attention:
                Spencer G. Feldman, Esq.

            

    

     

    15. MISCELLANEOUS

     

    (a) This
      Agreement contains the entire agreement between the parties hereto and
      supersedes all prior agreements and understandings, oral or written, between
      the
      parties hereto with respect to the subject matter hereof. This Agreement may
      not
      be changed, modified, extended or terminated except upon written amendment
      approved by the Board and executed by a duly authorized officer of the
      Company.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    (b) The
      Executive acknowledges that from time to time, the Company may establish,
      maintain and distribute employee manuals of handbooks or personnel policy
      manuals, and officers or other representatives of the Company may make written
      or oral statements relating to personnel policies and procedures. Such manuals,
      handbooks and statements are intended only for general guidance. No policies,
      procedures or statements of any nature by or on behalf of the Company (whether
      written or oral, and whether or not contained in any employee manual or handbook
      or personnel policy manual), and no acts or practices of any nature, shall
      be
      construed to modify this Agreement or to create express or implied obligations
      of any nature to the Executive.

     

    (c) This
      Agreement may be executed in counterparts, each of which shall be deemed to
      be
      an original, but all of which together shall constitute one and the same
      instrument.

     

    (d) All
      questions pertaining to the validity, construction, execution and performance
      of
      this Agreement shall be governed by and construed in accordance with the laws
      of
      the State of Florida, without regard to its conflict of law
      principles.

     

    (e) Any
      controversy or claim arising from, out of or relating to this Agreement, or
      the
      breach hereof (other than controversies or claims arising from, out of or
      relating to the provisions in Sections 8, 9 and 10), shall be determined by
      final and binding arbitration in Broward County, Florida, in accordance with
      the
      Employment Dispute Resolution Rules of the American Arbitration Association,
      by
      a panel of not less than three (3) arbitrators appointed by the American
      Arbitration Association. The decision of the arbitrators may be entered and
      enforced in any court of competent jurisdiction by either the Company or the
      Executive.

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    The
      parties indicate their acceptance of the foregoing arbitration requirement
      by
      initialing below:

     

     

    
      	 	
              /s/
                VC

            	 	
              /s/
                SW

            	 
	 	
              For
                the Company

            	 	
              Executive

            	 

    

    

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

     

    
      	 	 	 
	 	MDWERKS,
              INC.
	 
 	 
 	 
 
	 	By:  	/s/ Vincent
              Colangelo
	 	
              
Name:
              Vincent Colangelo
	 	Title:  
              Chief Financial Officer

    

     

    
      	 	 	 
	 	EXECUTIVE
	 
 	 
 	 
 
	 	/s/ Stephen
              M. Weiss
	 	
              
Name:
              Stephen M. Weiss

    

     

    
      
         

      

      
        12

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