Document:

Prepared by MERRILL CORPORATION

Exhibit 10.1

 

Loan Agreement, dated September 9, 2001

 

 

 

 

 

 

Terms of Loan between A Rubin

(R) and Remedent USA, Inc. (Rem) & Ken Hegemann (K)

 

The terms of the loan between R

and Rem/K are as follows:

 

1.     R

will wire Rem/K USD $20,000 of principal for a period of sixty days from date

of funding.

2.     Rem/K

will repay USD $30,000 to R which includes both principal and interest, sixty

days from the date of funding.

3.     In

consideration for the loan, Rem will provide R will 100,000 consulting options

at a price of $0.20 cents per option that will expire in two years from date of

grant.

4.     Mr.

Ken Hegemann will set aside a sufficient number of registered shares to cover

$30,000 in indebtedness in the event that the loan is not repaid sixty days

from the date of funding.  The parties

have agreed that it will not be necessary to put those shares in an escrow

account.

5.     Mr.

Steve Ross will also personally guarantee this loan to Rem/K in the amount of

USD $30,000.

 

 

 

	

  Agreed to:

  	

   

  	

  Agreed to:

  	

   

  	

  Agreed to:

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  September 9,

  2001

  	

   

  	

  September 9,

  2001

  	

   

  	

  September 9,

  2001

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  
	

  /s/ Ken

  Hegemann

  	

   

  	

  /s/ Steve

  Ross

  	

   

  	

  /s/ A. Rubin

  
	

  Ken Hegemann

  	

   

  	

  Steve Ross

  	

   

  	

  A. Rubin

  
	

  CEO

  	

   

  	

  VP and CFO

  	

   

  	

  LenderPrepared by MERRILL CORPORATION

Exhibit 10.2

 

Investment Banking

Agreement with Lincoln Equity Research, LLC, dated September 13, 2001

 

 

 

 

 

Lincoln Equity Research, LLC

 

3000 W. MacArthur Blvd., Suite 510 Santa Ana, CA 92704-6916

714 435-7999  Fax 714

435-7932  www.lincolnequity.com

 

 

 

 

REMEDENT USA, INC

INVESTMENT

BANKING AGREEMENT

 

 

 

A.            AGREEMENT:  Remedent USA, Inc., herein referred to as

“REMM”,hereby

enters into agreement with Lincoln Equity Research, LLC, herein

referred to as “LER” for the purpose of providing Investment Banking services

to REMM. The principals of LER are licensed securities brokers and principals

of an Office of Supervisory Jurisdiction of Lloyd, Scott & Valenti, Ltd.,

member NASD, SIPC. LER agrees to provide the hereinbelow described services to

REMM, and REMM agrees to provide the hereinbelow described compensation for

said services.

 

This Agreement shall commence upon execution

hereof and continue for one year, subject to paragraph D (3) below.

 

B.

           SERVICES PROVIDED:

 

1.           LER will use its

“best efforts” to provide ongoing research coverage, business evaluation, and

other analysis to REMM that LER deems appropriate.

 

2.           LER will provide a

NASD Series 7 Licensed Broker to REMM to correspond with shareholders,

potential investors and the investment community.

 

3.           LER may forward

potential investor names to REMM.  REMM

agrees to mail its investor packages to said potential investors in a timely

manner and assumes all costs of such mailings. 

REMM understands that LER will have no responsibility to mail any REMM

investor relations materials.

 

4.           LER may introduce

candidates to REMM for strategic alliance, joint venture, or other beneficial

business relationship, based upon subsequent agreement between the parties.

 

5.           LER may introduce

institutional investors to REMM and/or schedule events within the financial

community in an effort to develop institutional investment in REMM, based upon

subsequent agreement between the parties.

 

6.           LER will post and maintain REMM research report(s) on LER website and use

its “best efforts” to follow-up with “hits” requesting such REMM report(s).

7.           The parties

recognize, confirm and agree that in those circumstances where LER is called

upon by REMM to

utilize extraordinary effort and activity, such as, but not limited to, direct

marketing to LER proprietary databases or databases agreed to by both parties,

a subsequent agreement between the parties, if required, must first be reached

covering said extraordinary effort and activity.

 

C.            COMPENSATION:  As compensation for LER’s services under

this Agreement, REMM hereby promises and agrees to compensate LER in the

following manner:

 

 

	

  1.

  	

  $7,500

  initial fee for due diligence and research services due upon execution of

  this agreement, on or before September 24, 2001.

  
	

   

  	

   

  
	

  2.

  	

  $2,500 per

  month for services beginning the first of the month following the public

  release of any announcement or research report.

  
	

   

  	

   

  
	

  3.

  	

  Immediate

  issuance of one hundred thousand (100,000) shares of Common Stock of REMM, to

  be received by LER prior to public release of REMM Research Report.

  
	

   

  	

   

  
	

  4.

  	

  Immediate

  issuance of a stock option agreement to purchase a total of 200,000 common

  shares of REMM at a strike price of 

  $.15 per share exercisable immediately upon issuance.

  
	

   

  	

   

  
	

   

  	

  This option

  agreement will contain a cashless exercise provision and will be exercisable

  for a period of two years

  
	

   

  	

   

  

D.            TERMS AND CONDITIONS

 

	

  1

  	

  This

  Agreement may be cancelled upon 30 days advanced written notice to the

  non-terminating party, except that said 30 day written notice of cancellation

  may not be given during the calendar month in which this Agreement is

  executed.

  
	

   

  	

   

  
	

  2.

  	

  REMM agrees

  to reimburse LER for all reasonable and documented travel, car rental, meals,

  lodging, catering and other expenses for LER personnel incurred in the

  performance of LER’s obligations under this Agreement, and LER agrees to

  obtain approval of REMM for such expenses in advance.

  
	

   

  	

   

  

 

E.             REPRESENTATIONS AND WARRANTIES:  REMM and LER hereby represent and warrant as

follows:

 

	

  1.

  	

  LER

  will perform a due-diligence analysis of REMM, and REMM consents to the same

  and agrees to complete any submitted Directors & Officers Questionnaires

  in a timely manner and provide additional reasonable information that may be

  requested by LER to facilitate LER’s completion of due-diligence.

  
	

   

  	

   

  
	

  2.

  	

  Both

  REMM and LER have full legal authority to enter into this Agreement.  The execution, delivery and providing of

  services under this Agreement within the time and manner herein specified

  will not conflict with, nor result in a breach of, nor constitute default to

  any existing agreement, indenture, or other instrument to which either REMM

  or LER is currently a party or by which either entity may be bound or

  affected.

  
	

   

  	

   

  
	

  3.

  	

  REMM and LER both hereby confirm and agree that in

  every written communication to individuals or entities other than REMM or

  LER, as contemplated by this Agreement or any other agreement between

  the parties, there shall be written disclosure that LER is being compensated

  in cash and securities for services provided to REMM.

  

 

F.             CONFIDENTIAL DATA:  All information, knowledge or data

concerning or obtained as a result of this Agreement will be deemed

confidential information.  Neither party

shall divulge any confidential information unless required by a court of

competent jurisdiction governmental entity or regulatory agency.\

 

G.            INDEMNITY:   REMM hereby agrees and consents that it

will indemnify LER for any legal actions or administrative proceeding brought

against LER or REMM arising from services provided by LER under this Agreement

or any other agreement between LER and REMM, due to any misstatements of

material fact or the omission of material fact arising from any information or

documentation furnished by REMM to LER

 

H.            ASSIGNMENTS:  This Agreement is binding and shall

inure to the benefit of the parties hereto and their respective successors and assigns, provided that not

withstanding the foregoing, neither party shall assign or transfer any rights

or obligations hereunder, except that:

 

	

  1.

  	

  REMM may assign or transfer this Agreement

  to a successor corporation in the event of a merger, consolidation, transfer, or sale of all or substantially

  all of the assets of REMM, provided that no such further assignment shall

  relieve REMM from liability for the obligations assumed by it hereunder.

  
	

   

  	

   

  
	

  2.

  	

  LER may assign or transfer this Agreement

  to any affiliate of LER or its employees, provided that LER first receives the prior written

  consent of REMM and that such assignment (if consented to by REMM) shall not

  relieve LER from liability for its obligations hereunder.

  

 

 

I.              ENTIRE AGREEMENT: Each of the

parties hereby covenants that this Agreement is intended to and does contain

and embodies herein all of the understandings and agreements, both written and

oral, of the parties hereby with respect to the subject matter of this

Agreement and that there exists no oral agreement or understanding, expressed

or implied, whereby the absolute, final and unconditional character and nature

of this Agreement shall be in any way invalidated or adversely affected.  There are no representations or warranties

other than those set forth herein.

 

J.             ARBITRATION:  This Agreement shall be deemed to be made,

governed by, interpreted under and construed in all respects in accordance with

the commercial rules of JAMS.  This

chosen jurisdiction is irrespective of the country or place of domicile or

residence of either party.  In the event

of controversy arising out of the interpretation, construction, performance or

breach of this Agreement, the parties hereby consent to adjudication under the

commercial rules of JAMS.  Both parties

further agree and consent to personal service of process in any such action or

proceeding outside of the State of California which shall be tantamount to

service in person within Orange County, California and shall confer personal

jurisdiction.  Said venue of the

arbitration shall be in Orange County, California.  Judgment on the award rendered by the arbitrator may be entered

in any federal or state court in Orange County, California.  The Laws of the State of California shall

govern all disputes regarding this matter.

 

K.            ATTORNEY FEES:  In the event a dispute arises over the

interpretation or performance of any party under this Agreement, and as a

result of said dispute, a claim, action, arbitration or suit should arise, the

parties hereby agree that the non-prevailing party in said claim action,

arbitration, or suit shall pay the reasonable attorney fees and litigation

expenses of the prevailing party.

 

L.            ADDRESS OF PARTIES: Each party shall at

all times keep the other party informed as to its principal place of

business.  The parties shall also

promptly notify the other party of any change of address.

 

M.           NOTICES:  All notices that are required to be given

may be sent pursuant to the provisions of this Agreement and shall be sent to

the parties’ principal place of business by certified mail, with return

receipts requested, or by overnight package delivery service.  Notices shall be valid from the date of

mailing as indicated by registered postmark or validated airmail receipt.

N.          MODIFICATION AND WAIVER: Modification or

waiver of any of the provisions of this Agreement shall be effective only if

made in writing and executed with the same formalities as are present within

this Agreement. The failure of any party to insist upon strict performance of

any of the provisions of this Agreement shall not be construed as a waiver of

any subsequent default of the same or similar nature or of any other nature or

kind.

 

	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  AGREED TO AND

  ACCEPTED:

  	

   

  	

   

  	

  AGREED TO AND

  ACCEPTED:

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Remedent USA, Inc.

  	

   

  	

   

  	

  Lincoln Equity Research, LLC

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Date:

  	

   

  	

   

  	

  Date:

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  By:  

  	

     /s/ Stephen Ross

  	

   

  	

  By:

  	

     /s/ Paul Runyon

  	

   

  
	

   

  	

  Stephen Ross, Executive Vice President

  	

   

  	

   

  	

  Paul Runyon, Managing Principal

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  Date:

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  By:

  	

     /s/ Mike Uberti

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

  Mike Uberti, Managing Principal

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