Document:

Unassociated Document

Exhibit 10.1

Feel Golf Co., Inc.

200 S. Andrews Ave, Ste 703B

Ft. Lauderdale, FL 33301

(866) 326-3000

 

June 3, 2013

 

Jeffrey Maller, Esq.

4221 Wilshire Blvd., Suite 355

Los Angeles, California 90010

 

Re: Issuance of Shares for Legal Services

 

Dear Mr. Maller:

 

This letter confirms our plan to issue to you and your acceptance to receive 60 million shares of our Common Stock (the “Shares”), to be registered on Form S-8 with the Securities and Exchange Commission, in payment of $60,000 (the “Payment Amount”) of legal services previously rendered to Feel Golf Co., Inc. through the above date and as payment of legal services to be provided through September 30, 2013 (together, the “Services”).  None of the Services have or will be in connection with any capital raising transaction or with directly or indirectly promoting or maintaining a market for the securities of Feel Golf Co., Inc.

 

The Shares represent the estimated amount of shares necessary to cover the Payment Amount based on today’s market price.  To the extent the market price for the company should decrease prior to the issuance to the Shares, the Company agrees to issue you additional shares as necessary to fulfill our compensation commitment to you.

 

You further agree that as consideration for issuance of the Shares that in no event shall you be entitled to receive a number of shares of our common stock of which the sum of the number of shares of Common Stock beneficially owned by the you and any affiliates would result in beneficial ownership by you and its affiliates of more than 4.9% of the outstanding shares of Common Stock.  For purposes of the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13D-G thereunder. Notwithstanding this registration of the Shares, we will only be entitled to receive the Shares (or a portion of them) to the extent that you have provided confirmation that the receipt of such shares will not cause you to violate the requirements of this paragraph.

 

Your signature below indicates your acceptance of the terms of this letter.

 

	 	 	 
 
Regards,

	 
	 	 	 	 
	
 

	 	 
/s/ Victoria Rudman

	 
	 	 	 
 
Victoria Rudman

	 
	 	 	 
Chief Executive Officer

	 

 

Accepted:

	 	 
	 
/s/ Jeffrey Maller

	 
	 
 
Jeffrey MallerEX-10.1

AGREEMENT

This Agreement (this “Agreement”) is made and entered into as of June 6, 2013 (the
“Effective Date”), by and among Biolase, Inc., a Delaware corporation (the
“Company”), Federico Pignatelli (“Mr. Pignatelli”), and each of Alexander K. Arrow,
Norman J. Nemoy, and Gregory E. Lichwardt (collectively with Mr. Pignatelli, the
“Directors”). Each of the Company and the Directors are referred to herein as a
“Party,” and collectively as the “Parties.”

RECITALS:

WHEREAS, the Company and the Directors have engaged in various discussions and communications
concerning the composition of the Company’s Board of Directors (the “Board”) and the
Company’s and leadership structure;

WHEREAS, the Company and each of the Directors have determined that the interests of the
Company and its stockholders would be best served at this time by coming to an agreement with
respect to the composition of the Board, as provided in this Agreement.

NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants and
agreements contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound hereby,
agree as follows:

1. Board Composition; Executive Chairman Position.

(a) Concurrent with the execution of this Agreement, the Company and each of the Directors
shall take all requisite actions, in accordance with the Fifth Amended and Restated Bylaws of the
Company (the “Amended Bylaws”), to appoint Mr. Pignatelli as Chairman of the Board of the
Company and vest with Mr. Pignatelli all powers assigned to such office as set forth in Amended
Bylaws and to keep Mr. Pignatelli in such position and with the powers stated in the Amended Bylaws
until the earlier of (a) the time when Mr. Pignatelli no longer serves as a director of the
Company, (b) the time when Mr. Pignatelli resigns from such position, and (c) the time when Mr.
Pignatelli is removed from such position in accordance with the Amended Bylaws; and

(b) The Company and each of the Directors agree to nominate Mr. Pignatelli for re-election as
a director at the annual meetings of stockholders held in 2014, 2015, and 2016 for purposes of
electing directors.

(c) Each of the Directors and the Company agree that they will take any and all requisite
actions to carry out the foregoing, including acting as a Board and as members of the Nominating
and Corporate Governance Committee of the Board.

2. Specific Performance.

Each of the Parties acknowledges and agrees that irreparable injury to the other Parties
hereto would occur in the event any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached and that such injury would not be
adequately compensable in damages. It is accordingly agreed that each of the Parties shall be
entitled to specific enforcement of, and injunctive relief to prevent any violation of, the terms
hereof, and that no other Party hereto will take any action, directly or indirectly, in opposition
to the moving party seeking such relief on the grounds that any other remedy or relief is available
at law or in equity.

3. Truthful Testimony; Notice of Request for Testimony.

Nothing in this Agreement is intended to or shall preclude any Party from providing testimony
that such Party reasonably and in good faith believes to be truthful in response to a subpoena,
court order, regulatory request or other judicial, administrative or legal process reasonably
believed by such Party to be valid or otherwise as required by law. Each Party shall notify the
relevant other Parties in writing as promptly as practicable after receiving any such request of
the anticipated testimony and at least ten (10) days prior to providing such testimony (or, if such
notice is not possible under the circumstances, with as much prior notice as is possible) to afford
the other Parties a reasonable opportunity to challenge the subpoena, court order or similar legal
process. Moreover, nothing in this Agreement shall be construed or applied so as to limit any
person from providing candid statements that such Party reasonably and in good faith believes to be
truthful to any governmental or regulatory body or any self-regulatory organization.

4. Severability.

If any provision of this Agreement shall be held by any court of competent jurisdiction to be
illegal, void or unenforceable, such provision shall be of no force and effect, but the illegality
or unenforceability of such provision shall have no effect upon the legality or enforceability of
any other provision of this Agreement.

5. Notices.

Any notices, consents, determinations, waivers or other communications required or permitted
to be given under the terms of this Agreement must be in writing and will be deemed to have been
delivered: (i) upon receipt, when delivered personally; or (ii) one (1) business day after deposit
with a nationally recognized overnight delivery service, in each case properly addressed to the
party to receive the same. The addresses for such communications shall be:

If to the Company:

Biolase, Inc.

4 Cromwell

Irvine, California 92618

Attention: Frederick D. Furry

With a copy to:

Biolase, Inc.

4 Cromwell

Irvine, California 92618

Attention: Legal Department

If to any Director (other than Federico Pignatelli):

c/o Biolase, Inc.

4 Cromwell

Irvine, California 92618

If to Federico Pignatelli:

c/o Pier 59 Studios

Pier 59

Chelsea Pier

New York, NY 10011

6. Applicable Law.

This Agreement shall be governed by and construed and enforced in accordance with the laws of
the State of Delaware, without giving effect to the choice of law principles of such state. Each
of the Parties irrevocably agrees that any legal action or proceeding with respect to this
Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of
any judgment in respect of this Agreement and the rights and obligations arising hereunder brought
by any other Party, shall be brought and determined exclusively in the Delaware Court of Chancery
and any state appellate court therefrom within the State of Delaware (or, if the Delaware Court of
Chancery declines to accept jurisdiction over a particular matter, any state or federal court
within the State of Delaware). Each of the Parties hereby irrevocably submits with regard to any
such action or proceeding for itself and in respect of its property, generally and unconditionally,
to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action
relating to this Agreement in any court other than the aforesaid courts. Each of the Parties
hereby irrevocably waives, and agrees not to assert in any action or proceeding with respect to
this Agreement, (a) any claim that he/it is not personally subject to the jurisdiction of the
above-named courts for any reason, (b) any claim that he/it or his/its property is exempt or immune
from jurisdiction of any such court or from any legal process commenced in such courts (whether
through service of notice, attachment prior to judgment, attachment in aid of execution of
judgment, execution of judgment or otherwise) and (c) to the fullest extent permitted by applicable
legal requirements, any claim that (i) the suit, action or proceeding in such court is brought in
an inconvenient forum, (ii) the venue of such suit, action or proceeding is improper or (iii) this
Agreement, or the subject matter hereof, may not be enforced in or by such courts.

7. Counterparts.

This Agreement may be executed in one or more counterparts which together shall constitute a
single agreement.

8. Entire Agreement.

This Agreement contains the entire understanding of the Parties with respect to the subject
matter hereof and may be amended only by an agreement in writing executed by the Parties.

9. Further Assurances.

Each Party agrees to take or cause to be taken such further actions, and to execute, deliver
and file or cause to be executed, delivered and filed such further documents and instruments, and
to obtain such consents, as may be reasonably required or requested by any other Party in order to
effectuate fully the purposes, terms and conditions of this Agreement.

[The remainder of this page is intentionally left blank]IN WITNESS WHEREOF, this
Agreement has been duly executed and delivered by each of the Parties as of the Effective Date.

BIOLASE, INC.

	 	 	 
	By: /s/ Frederick D. Furry

	Name: Frederick D. Furry

	Title:

	 	Chief Financial Officer

FEDERICO PIGNATELLI

/s/ Federico Pignatelli

ALEXANDER K. ARROW

/s/ Alexander K. Arrow

NORMAN J. NEMOY

/s/ Norman J. Nemoy

GREGORY E. LICHTWARDT

/s/ Gregory E. Lichtwardt

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