Document:

exhibit10_4.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    LETTER
OF REAFFIRMATION OF GUARANTY

     

    As of
April 1, 2009

    

    
      
        	
                TO:

              	
                Manufacturers
      and Traders Trust Company

              

      

    

    
      	
               
      

            	
              One
      M & T Plaza, Buffalo, New York
14240

            

    

    

    RE:           REAFFIRMATION
of Guaranty of All Liability (the "Guaranty") of OG ACQUISITION, INC., COMBINE BUYING
GROUP, INC. AND 1725758 ONTARIO INC. D/B/A THE OPTICAL
GROUP  to MANUFACTURERS AND TRADERS TRUST
COMPANY (the “Bank") dated as of August 7, 2007 in connection with loans
made to EMERGING VISION, INC. (“Borrower”) by Manufacturers and Traders Trust
Company (collectively, the “Loan”).

    

    Dear
Sirs:

    

    The
undersigned hereby reaffirm and ratify all the terms, conditions,
representations, and covenants contained in the Guaranty, certify that there are
no defenses, offsets, or counterclaims thereto as of the date hereof and
represent, warrant, and covenant that the most recent financial statements
heretofore delivered to you are true and correct in all respects, fairly present
the financial condition of the undersigned as of the date thereof and that no
material adverse change has occurred in the financial condition reflected
therein since the date thereof.

    

    Each of
the undersigned further covenants and agrees (i) that its liability under the
Guaranty is unaffected by the execution of that certain ALLONGE TO NOTE and that
certain WAIVER, EXTENSION AND AMENDMENT AGREEMENT evidencing, among other
things, (i) the extension of the Maturity Date of Borrower’s Line of Credit and
(ii) the amendment of the interest rate therefor as set forth therein, and any
related documents dated of even date herewith, copies of which the undersigned
acknowledge having received and reviewed and (ii) that the Guaranty is in full
force and effect.

    

    Very
truly yours,

    

    GUARANTORS:

    

    OG
ACQUISITION, INC.

    

    By:           /s/Christopher G.
Payan

    Christopher G. Payan, CEO

    

    

    

    COMBINE
BUYING GROUP, INC.

    

    By:           /s/Brian
Alessi

    Brian Alessi, CFO

    

    

    1725758
ONTARIO INC. D/B/A THE OPTICAL GROUP

    

    By:           /s/Christopher G.
Payan

    Christopher G. Payan,
CEOexhibit10_5.htm

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    LETTER
OF REAFFIRMATION OF ABSOLUTE ASSIGNMENT OF FRANCHISEE NOTES AND PROCEEDS DUE,
ASSIGNMENT OF RENTS AND SUBLEASES, PLEDGE AGREEMENT, AND UNITED STATES TRADEMARK
COLLATERAL ASSIGNMENT AND SECURITY AGREEMENT

    

    DATED:  As
of April 1, 2009

    
      
        	
                TO:

              	
                Manufacturers
      and Traders Trust Company

              

      

    

    
      	
               
      

            	
              One
      M & T Plaza, Buffalo, New York
14240

            

    

    

    Re:                      REAFFIRMATION of ABSOLUTE ASSIGNMENT
OF FRANCHISEE NOTES AND PROCEEDS DUE, ASSIGNMENT OF RENTS AND SUBLEASES, PLEDGE
AGREEMENT, AND UNITED STATES TRADEMARK COLLATERAL ASSIGNMENT AND SECURITY
AGREEMENT (collectively, the "Security Documents") made to MANUFACTURERS AND
TRADERS TRUST COMPANY (the “Bank") dated as of August 7,
2007 in connection with loans made to EMERGING VISION, INC. (“Borrower”) by
Manufacturers and Traders Trust Company (collectively, the
“Loan”).

    

    Dear
Sirs:

    

    Each of
the undersigned hereby reaffirms and ratifies all the terms, conditions,
representations, and covenants contained in the Security Documents and certifies
that there are no defenses, offsets, or counterclaims thereto as of the date
hereof.

    

    Each of
the undersigned further covenants and agrees (i) that the security interests
granted to Manufacturers and Traders Trust Company by the Security Documents and
respectively as appropriate perfected by subsequent UCC-1 filings, remain in
full force and effect as set forth therein and that same continue to constitute
a binding first security interest in the stated assets of each of the
undersigned securing the Borrower’s and each of the undersigned’s debt to
Manufacturers and Traders Trust Company and that they are unaffected by the
execution of that certain ALLONGE TO NOTE and that certain WAIVER, EXTENSION AND
AMENDMENT AGREEMENT evidencing (i) the extension of the Maturity Date of
Borrower’s Line of Credit and (ii) the amendment of the interest rate therefor
as set forth therein and any related documents dated of even date herewith,
copies of which each of the undersigned acknowledges having received and
reviewed and (ii) that the Security Documents are in full force and
effect.

    Very
truly yours,

    

    EMERGING
VISION, INC.

    

    By:           /s/Christopher G.
Payan

    Christopher G. Payan, CEO

    

    OG
ACQUISITION, INC.

    

    By:           /s/Christopher G.
Payan

    Christopher G. Payan, CEOex101.htm

    

    To:  The
Board of Directors and the Chief Executive Officer

           China
Yingxia International, Inc.

    

    From: Ren
Hu, Chief Financial Officer

    

    Date:
April 10, 2009

    

    
      Ref:
Resignation

    

    
      
        

      

    

    

                        Due
to the increasing difficulties in communicating with the Company in China, I
resign as the chief financial officer of China Yingxia International, Inc.
effective at the end of April 10, 2009.

     

    
      
        	 	 	 
	 	 	 	 
	
                Date:
      April 10, 2009

              	
                By:
      

              	/s/ Ren
      Hu	 
	 	 	Name: 
      Ren
      Hucryoport_s8-ex1001.htm

Exhibit
10.1

    INVESMENT
BANKER TERMINATION AGREEMENT

    

     

    THIS INVESTMENT BANKER TERMINATION
AGREEMENT (“Agreement”) is made as of this 6th
day of April, 2009 by and among CryoPort, Inc. a Nevada corporation (“CryoPort”), and Bradley Woods &
Co. Ltd. (“BW”), a
Delaware corporation, SEPA Capital Corp. (“SC”), a New Jersey corporation, and
Edward Fine (“Ed Fine”).

    

    RECITAL

    

    WHEREAS, CryoPort wishes to
engage a new investment banker; and

    

    WHEREAS, BW, SC and Ed Fine
collectively are CryoPort’s current investment banker under Joseph Stevens &
Company, Inc. Letter Agreement dated May 4, 2006 (“Letter Agreement”) which was
assigned to National Securities Corporation on June 3, 2008, and again assigned
to BW on January 13, 2009 (a copy of which is attached hereto as Attachment
“A”); and

    

    WHEREAS, the Parties wish to
amicably terminate the current relationship between CryoPort and BW, SC & Ed
Fine; and

    

    WHEREAS, CryoPort wishes to
engage SC as a consultant, and SC is willing to provide such consulting
services; and

    

    NOW THEREFORE, in
consideration of the mutual promises and agreements contained herein, and
intending to be legally bound hereby, the undersigned parties hereby agree as
follows:

    

    AGREEMENT

     

    
      	
              1.

            	
              BW
      shall be an Advisor with Rodman & Renshaw (“Rodman”) investment
      bankers, or such other Bankers that CryoPort may choose or use, on a
      transaction with Vision Capital Advisors (“Vision”) and any other parties
      that provide capital to CryoPort in any form under an investment banking
      agreement on a transaction initiated prior to May 6, 2010, except as
      provided below.

            

    

     

    
      	
              2.

            	
              Rodman
      or such other Bankers shall be the lead investment banker on these
      transactions.

            

    

     

    
      	
              3.

            	
              BW
      shall receive 1% commission on the transactions referenced in 1
      above.

            

    

     

    
      	
              4.

            	
              CryoPort
      shall pay BW, SC or Ed Fine, as designated, a termination fee of
      $25,000.00 in either cash or CryoPort registered common stock. If in
      CryoPort shares, such shares shall be in an amount sufficient when
      liquidated during the three week period following the share payment to
      yield at least net cash after payment of all brokerage commissions of
      $25,000. That amount in shares shall be $32,000 (64,000 shares) at a
      market price of $0.51 per share. Should the liquidation of such shares not
      yield $25,000 in cash, CryoPort shall issue sufficient additional
      registered shares to yield the $25,000, when sold or make up the short
      fall with a cash payment. Within five (5) trading days of the signing of
      this Agreement by all parties, CryoPort shall file a Form S-8 Registration
      to register the 64,000 shares referenced above.  BW shall be
      entitled to a 6% late fee and rescission of this Agreement for failure to
      file the Form S-8 Registration within the time period specified above
      subject to Section 9.3 below.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              5.

            	
              CryoPort
      shall engage BW on a consulting basis, to manage CryoPort’s relationship
      with its current institutional debt holders Enable Growth Partners LP,
      Enable Opportunity Partners LP, Pierce Diversified Strategy Master Fund
      LLC, ENA
      (collectively “Enable”) and BridgePointe Master Fund Ltd. (a.k.a. “Roswell
      Capital Partners LLC”). Said consulting services shall be set forth in a
      separate agreement.

            

    

     

    
      	
              6.

            	
              CryoPort
      agrees to pay BW on any future Enable or Roswell transaction, as
      contemplated by the tail in section 6(a) & (b) of the Letter
      Agreement, with the exception that the cash fee and warrant fee shall be
      at 7% instead of the 10% set forth in the Letter Agreement. BW shall be
      paid within two (2) business days of receipt of funds, BW shall be
      entitled to a one percent (1%) late fee and rescission of this Agreement
      for failure to make payment within the time period specified above.
      Further, for any capital raise under an investment banking agreement as
      set forth in Section 1 above, BW shall have the right to its full
      commission as if this Agreement had never been signed, subject to Section
      9.3 below.

            

    

     

    
      	
              7.

            	
              As
      further consideration for the termination of the Letter Agreement CryoPort
      agrees to re-price issued and unexercised warrants issued to Ed Fine and
      his Group (Anthony P. St. Clair,   Phil Benanti, and Stuart
      Fine) to a $0.60 exercise price and said warrants shall amended and
      restated to have a five year expiration date of issuance of said warrants.
      Said warrants will be in the same form as the currently existing warrants
      with the exception of the price and expiration date changes. The Amended
      and Restated Warrants shall be issued within fifteen (15) days of the date
      of this Agreement.

            

    

     

    
      	
              8.

            	
              At
      such time as the payments contemplated in terms 3, 4, 5 and 7 above have
      been paid, the Joseph Stevens & Company, Inc. Letter Agreement dated
      May 4, 2006, currently assigned to BW, with the exception of the Enable
      and Roswell tail, any and all responsibilities or liabilities thereunder
      shall be terminated with no recourse by any of the parties set forth
      above. However, the indemnification portion of the existing agreement
      shall survive the Termination.

            

    

     

    
      
        	
                9.

              	
                General
      Provisions:

              

      

    9.1.  Governing
Law. This
Agreement shall be interpreted under and governed by the laws of the State of
New York.

    

    9.2.  Successors
and Assigns. This Agreement will be binding on the parties to the
Agreement and on each of their heirs, executors, administrators, successors, and
assigns.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    9.3.  Right to
Cure Breach.  CryoPort shall have the right to cure any breach
of Sections 4 or 6 above within fifteen (15) days of the date of breach before
the penalties or rescission set forth in those sections are
effective.

    

    9.3.  Effect
and Waiver. The
failure of either party to insist on strict compliance with any of the terms,
covenants, or conditions of this Agreement by the other party shall not be
deemed a waiver of that term covenant, or condition, nor shall any waiver or
relinquishment of any right or power at any one time be deemed a waiver of
relinquishment of that right or power for all or any other times.

    

    9.4.  Entire
Agreement. This
Agreement supersedes any and all other agreements, either oral or in writing,
between the parties hereto and contains all the terms, covenants, conditions and
agreements between the parties with respect to that representation in any manner
whatsoever. Each party to this Agreement acknowledges that no representations,
inducements, promises, or agreements, orally or otherwise, have been made by any
party, or anyone acting on behalf of any party, which is not embodied herein,
and that on other agreement, statement, or promise not contained in this
Agreement shall be valid or binding on either party.

    

    9.5.  Modifications. Any modifications of this
Agreement will be effective only if it is in writing and signed by the party to
be charged.

    

    9.6.  Partial
Invalidity. If
any provision in this Agreement is held by a court of competent jurisdiction to
be invalid, void, or unenforceable, the remaining provisions shall nevertheless
continue in full force and effect without being impaired or invalidated in any
way.

    

    9.7.  Notices. Service of all notices under
this agreement shall be sufficient if given personally or three (3) business
days after deposit in the U.S. Mail, postage prepaid to the party involved at
its respective address set forth above, or at such address as such party may
provide in writing from time to time.

    

    9.8.  Arbitration:  The
parties shall resolve any disputes arising hereunder before a panel of three
arbitrators selected to pursuant to and run in accordance with the rules of the
American Arbitration Association.  The arbitration shall be held in
New York County, New York. Each party shall bear their own attorney’s fees and
costs of such arbitration.  The successful party in the arbitration
proceedings shall be entitled to seek an award of reasonable attorney’s fees
from the Arbitrators.

    

    9.9.  No Rights
in Third Parties.
Nothing herein expressed or implied is intended to or shall be construed to
confer upon or give to any person, firm or other entity, other than the parties
hereof and their respective successors and assigns or personal representatives,
any rights or remedies under or by reason of this Agreement.

    

    

    [SIGNATURES
ON FOLLOWING PAGE]

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF the parties
hereto have executed this Agreement the day and year first set forth
above.

     

    
      
        	
                CRYOPORT,
      INC.

              	 
      
	 	 	 
	 
      	 
      	 
      
	
                By

              	
                /s/
      Larry
      Stambaugh           
      

              	
                April
      13, 2009 

              
	
                Name:

              	
                Larry
      Stambaugh

              	
                Date

              
	
                Title:

              	
                Chief
      Executive Officer

              	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                BRADLEY WOODS & CO.
      LTD.

              	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                By:

              	
                /s/
      Dan
      Ripp                       
       

              	
                April
      13, 2009 

              
	
                
                  Name:

                

              	
                Dan
      Ripp

              	
                Date

              
	
                Title:

              	President,
      Bradley Woods & Co., Ltd.	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                SEPA
      CAPITAL CORP.

              	 
      
	 	 	 
	 
      	 
      	 
      
	
                By:

              	
                /s/
      Edward
      Fine                 
       

              	
                April
      13, 2009 

              
	
                Name:

              	
                Edward
      Fine

              	
                Date

              
	
                Title:

              	
                Vice
      President

              	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                EDWARD
      FINE

              	 
      
	 	 	 
	 
      	 
      	 
      
	
                By:

              	
                /s/
      Edward
      Fine                   
      

              	
                April
      13, 2009 

              
	 
      	 
      	
                Date

              
	 
      	 
      	 
      

      

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    ATTACHMENT
“A”

    

    (National
Securities Corporation Assignment Letter,

    Dated
January 13, 2009)

    

     

     

    
      ASSIGNMENT

       

       

      FOR ALL GOOD AND VALUABLE
CONSIDERATION, the receipt of which is hereby acknowledged, National
Securities Corporation, a Washington corporation (hereinafter called “Assignor”)
does hereby assign, transfer, sell and convey to Bradley Woods & Co., Ltd.
Located at 555 Madison Avenue, New York, NY  10022, (hereinafter
called the “Assignee”), all of its right, title and interest in and to that
certain letter agreement (including all exhibits thereto), dated May 4, 2006, by
and between Cryoport, Inc. (the “Company”) and Assignor, a copy of which
agreement is attached hereto as Exhibit A (the “Agreement”), and all rights to
enforce any violation of said agreement in the name of the undersigned and all
rights created by said agreement.  The undersigned represents and
warrants to the Assignee that the Assignor has not previously transferred,
assigned or otherwise encumbered the rights assigned thereunder and the
undersigned has the right to make this assignment without further approval and
that the Agreement has not been amended subsequent to May 4, 2006.

       

      The undersigned represents that he has
authority to execute this assignment for and on behalf of the
Assignor.  The Assignor hereby irrevocably points the Assignee its
attorney-in-fact with full power of substitution and with complete authority to
do anything necessary to enforce the terms of the Agreement assigned and to sue
for, prosecute and collect payment of money due to the Assignor on account of
the Agreement assigned.

       

      By its execution below, the Company
hereby (i) consents to the assignment by the Assignor of all of its right, title
and interest under the Agreement to Assignee and (ii) agrees that the Company
shall have no claims, causes of action, or other rights against Assignee in
connection with matters relating to the Agreement with respect to actions or in
actions occurring prior to the date hereof.

       

      IN WITNESS WHEREOF, the
undersigned has signed and acknowledged this agreement on the 13th day of
January, 2009.

       

       

      
        	 	
                NATIONAL
      SECURITIES CORPORATION

                 

                

                By:  /s/  Brian
      Friedman                              
      

                Brian
      Friedman

                Managing
      Director, Head of Investment Banking

                 

                

                BRADLEY
      WOODS & CO. LTD.

                 

                 

                By:  /s/ Daniel
      Ripp     dated
      4/9/09                          
      

                Daniel
      Ripp

                CEO,
      Bradley Woods & Co. Ltd.

                 

                

                CRYOPORT,
      INC.

                 

                 

                By:  /s/ Peter
      Berry                                  
      

                Peter
      Berry

                CEO
      and President

              

      

       

    

     

     

    5

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