Document:

fs1a4ex4xii_internalfix.htm

Exhibit 4.12

Below is a list of the individuals who have signed the note in exhibit 4.2 along with the date of the note and the amount.

 

Bridge Loan Rollover Convertible Debt

	
First Name

	
Last Name

	
Date Issued

	 	
Amount

	 
	
Gilbert

	
Beauperthuy

	
11/22/2010

	 	$	30,000	 
	
Henry

	
Amundson

	
12/14/2010

	 	$	5,000	 
	
Jason

	
Becht

	
12/21/2010

	 	$	1,500	 
	
Stephan

	
Bess

	
12/28/2010

	 	$	25,000	 
	
Mark

	
Bromson

	
12/13/2010

	 	$	100,000	 
	
Frank

	
Butaric

	
12/15/2010

	 	$	2,000	 
	
Alberto and Laura

	
Cattabriga

	
11/30/2010

	 	$	20,000	 
	
Richard

	
Cole

	
11/15/2010

	 	$	50,000	 
	
Armando

	
Cortina

	
11/18/2010

	 	$	5,000	 
	
Carlos

	
Cruz

	
11/15/2010

	 	$	1,000	 
	
Alfred

	
Damus

	
11/10/2010

	 	$	10,000	 
	
Robert

	
Dunne

	
12/10/2010

	 	$	50,000	 
	
Glen

	
Falk

	
11/18/2010

	 	$	5,000	 
	
Quinn

	
Hugh

	
12/5/2010

	 	$	75,000	 
	
Lawrence

	
May

	
11/22/2010

	 	$	60,000	 
	
Williams

	
Mills

	
12/1/2010

	 	$	5,000	 
	
Ricardo

	
Rivera

	
12/3/2010

	 	$	5,000	 
	
Allen

	
Selner

	
11/22/2010

	 	$	40,000	 
	
Scott

	
Solomon

	
12/3/2010

	 	$	2,500	 
	
Norman

	
Waas

	
11/12/2010

	 	$	2,500	 
	
Kenneth

	
West

	
12/7/2010

	 	$	25,000	 
	
Norman

	
Williams

	
11/24/2010

	 	$	5,000	 
	  	  	
TOTAL

	 	$	524,500	 

 

Additional Convertible Debt 2010

	
William

	
Mills

	
12/14/2010

	 	$	2,000.00	 
	
Jonathan

	
Blum

	
12/27/2010

	 	$	10,000.00	 
	
Allen

	
Selner

	
11/29/2010

	 	$	25,000.00	 
	
Donald

	
Sandford

	
12/22/2010

	 	$	50,000.00	 
	
Mark

	
Bromson

	
12/13/2010

	 	$	100,000.00	 
	  	  	
TOTAL

	 	$	187,000	 

 

 

 

 

 

Additional Convertible Debt 2011

	
Harold

	
Rifas

	
01/06/2011

	 	$	10,000.00	 
	
Christopher

	
Richards

	
01/11/2011

	 	$	5,000.00	 
	
Constance

	
Williams

	
01/11/2011

	 	$	5,000.00	 
	
Katharine

	
Suzan

	
01/11/2011

	 	$	1,200.00	 
	  	
DCI, Inc

	
01/11/2011

	 	$	5,000.00	 
	
Jack

	
Connor

	
01/11/2011

	 	$	10,000.00	 
	
Jeremy

	
Schwartz

	
01/12/2011

	 	$	30,000.00	 
	
Brad

	
Mattison

	
01/19/2011

	 	$	2,000.00	 
	
Howard

	
Alpern

	
01/21/2011

	 	$	20,000.00	 
	
Mark

	
Merlin

	
01/26/2011

	 	$	7,500.00	 
	
Robert

	
Bourgeois

	
02/01/2011

	 	$	30,000.00	 
	
Melvin

	
Bourgeois

	
02/01/2011

	 	$	10,000.00	 
	
Richard

	
Cole

	
02/04/2011

	 	$	50,000.00	 
	
Betsy

	
Wise

	
02/04/2011

	 	$	5,000.00	 
	
Daniel

	
barczewski

	
02/08/2011

	 	$	5,000.00	 
	
Allen

	
Selner

	
02/09/2011

	 	$	20,000.00	 
	
Frank

	
Butaric

	
02/10/2011

	 	$	5,000.00	 
	
Gil

	
Hyatt

	
02/18/2011

	 	$	100,000.00	 
	  	  	  	 	$	320,700.00fs1a4ex10xv_internalfix.htm

Exhibit 10.15

 

AGREEMENT

This AGREEMENT is made and entered into this   1sr day  of March, 2011 by and between Matt Endara ("Endara") and Internal Fixation Systems, Inc. (the "Company"),

 

RECITALS:

    Whereas, Company and Endara signed an Employment Agreement dated October 1, 2010; and

    Whereas, the Parties wish to postpone the start date of the Employment Agreement until June 1st, 2011 (the "Postponement Period") and otherwise amend the Employment Agreement as provided herein;

    NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the parties agree as follows:

1.    All rights, duties, obligations and liabilities of the Employee and the Employer arising under the Employment Agreement shall be tolled for the duration of the Postponement Period. As examples, and not by way of limitation, the Employee (i) shall begin to accrue salary and benefits under the Employment Agreement at the expiration of the Postponement Period and (ii) the Options (as defined in the Employment Agreement) shall begin vesting upon commencement of employment

2.    As amended by these provisions, the Employment Agreement is ratified and in full force and effect.

 

 

	

AGREED TO this Date:

	 	 
	 	 	 
	 	 	 
	INTERNAL FIXATION SYSTEMS, INC.	 	MATT ENDARA
	 	 	 
	/s/  Stephen J. Dresnick	 	/s/  Matt Endara
	Stephen J. Dresnick, MD President/ CEOfs1a4ex10xvi_internalfix.htm

Exhibit 10.16

 

CONSULTING AGREEMENT

 

This CONSULTING AGREEMENT is made and entered into this 23rd day of December, 2009 by and between Neal Moskowitz and/or its assigns ("Consultant") and Internal Fixation Systems, the ("Company"),

 

RECITALS:

 

Whereas, Consultant has the ability to locate possible merger and acquisition candidates, as well as sources of financing, investment bankers, and or registered broker dealers, for the Company; and

 

Whereas, the Company a private company is interested in being introduced to these acquisition candidates and sources of fmancing and is willing to compensate Consultant for his efforts on his behalf; and

 

Whereas, Consultant does not want the Company to circumvent him by attempting to deal directly with the acquisition candidates and financing sources, thereby depriving Consultant of his opportunity to receive compensation for his involvement in introducing the Company to these parties.

 

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the parties agree as follows:

 

	
1.  

	
If the Company determines to conduct business with either the acquisition candidates or fmancing sources it meets through the efforts of the Consultant, then the Company agrees to reimburse Consultant for his reasonable business expenses incurred in locating and introducing the Company to these entities. Such expenses shall include, but not be limited to travel, telephone, and food expenses for which he has receipts, up to $250.00 without approval.

 

	
2.  

	
In return for Consultant's introduction of these entities to the Company, the Company agrees that Consultant shall be entitled to a fee of ten percent (10%) of the financing obtained or ten percent (10%) of the total value of the stock to be exchanged between the Company and the acquisition candidate. If restricted stock is issued, it shall be registered by the Company at the Company's expense upon demand by Consultant. The stock percentage to be issued shall be based upon what the Company's capitalization will be after the proposed transaction occurs. In addition, in lieu of expenses, Consultants shall be granted a Warrant to purchase Company's Common Stock at $.10 per share which shall be moralized in a separate Warrant Agreement. The Warrants shall allow the Consultant to purchase shares pursuant to the warrant commencing on the Effective Date of the Warrant and expiring on January 31, 2014.

 

  

1

  

 

	
3.  

	
In the event the Company decides that it is not interested in moving forward with any bonafide merger or acquisition presented to it by its consultants, the consultants shall be compensated at a rate of $2,000 per month from the signing of this agreement for services rendered. This fee is payable at closing of any funding transaction entered into by the Company. The terms and conditions of 3 are exclusive of the terms and conditions set forth in section 2. Alternatively, Consultant may exchange any monies due under this provision for stock at a rate of $.20 per share.

 

	
4.  

	
Term

 

	 	
The agreement shall be for a period of 12 months. It may be renewed under the same terms and conditions upon written agreement of both parties. The Agreement shall be terminated earlier upon 30 days written notice by either party. Upon Termination, Consultant agrees to return to Company all materials concerning Company. The Non- Circumvention and Liquidated Damages provisions contained herein, shall survive and shall remain in effect for a period of 24 months following the termination of this Agreement

 

	
5.  

	
Non-Circumvention and Liquidated Damages

 

	 	
The Company expressly agrees not to attempt, in any way or manner, to circumvent or deny Consultant's interest in these entities. The Company expressly acknowledges that it is obligated to pay Consultant in accordance with the provisions of Paragraph 2 if it does any business with these entities, notwithstanding the fact that the terms and conditions may vary from those enumerated herein. The parties hereto expressly acknowledge that in the event that the Company breaches this Agreement, the damages resulting from such a breach would be extremely difficult to determine in that the lost, potential future income and business for Consultant his services in this matter would be lost and such damages could be enormous.

 

	
6.  

	
Assignability

 

	 	
Consultant shall have the right to assign this Agreement but shall provide notice of any assignment to the Company.

 

	
7.  

	
Confidentiality

 

	 	
All information disclosed between the parties shall be deemed confidential.

 

	
8.  

	
Remedies

 

	
 

	
In the event of the actual or threatened breach of the provisions of this Agreement by a party, the other party shall have the right to obtain injunctive relief and/or specific performance and to seek any other remedy available to it.

 

  

2

  

 

	
9.  

	Law, Venue, Jurisdiction

 

	 	
This Agreement and all matters and issues collateral thereto shall be governed by the laws of the State of Florida. Venue shall be in the Circuit Court, Broward County, Florida. 

 

	
10.  

	Severability

 

	 	
If any provisions of this Agreement becomes or is found to be illegal or unenforceable for any reason, such clause or provision must first be modified to the extent necessary to make this Agreement legal and enforceable and then if necessary, second, severed from the remainder of the Agreement to allow the remainder of the Agreement to remain in full force and effect.

 

	
11.  

	Counterparts

 

	 	
This Agreement may be executed in several counterparts, and all of such counterparts taken together shall be deemed to be one Agreement.

 

	
12.  

	Attorneys' Fees

 

	 	
If either part shall commence any action or proceeding against the other in order to enforce the provisions hereof, or to recover damages resulting from the alleged breach of any of the provisions hereof, the prevailing party therein shall be entitled to recover all reasonable costs incurred in connection therewith, including, but not limited to, reasonable attorneys' fees.

 

	
13.  

	Waiver of Breach

 

	 	
The waiver by any part of a breach of any provision of this Agreement shall not operate be construed as a waiver of any subsequent breach by any party.

 

  

3

  

 

IN WITNESS WHEREOF, the parties execute this Agreement as of the date set forth above.

 

	 	CONSULTANT:
	 	 
	 	/s/ Neal Moskowitz
	 	Neal Moskowitz
	 	 
	 	 
	 	THE COMPANY
	 	 
	 	 
	 	/s/ Stephen J. Dresnick, MD
	 	Stephen Dresnick, MD 
	 	President and Chairman

 

 

 

 

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