Document:

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                                                                    EXHIBIT 10.8

                         COMMON STOCK PURCHASE AGREEMENT

         This COMMON STOCK PURCHASE AGREEMENT (this "Agreement") is dated as of
May ___, 2001 by and between Metropolitan Health Networks, Inc., a Florida
corporation (the "Company") and Pequot Scout Fund, L.P. ("Scout"), a Delaware
limited partnership and Pequot Navigator Offshore, Inc. ("Offshore"), a British
Virgin Islands corporation (Scout and Offshore collectively the "Purchaser").

         WHEREAS, the parties desire that, upon the terms and subject to the
conditions contained herein, the Company shall issue and sell to Purchaser as
provided herein, and Purchaser shall purchase, 350,000 shares of Common Stock of
the Company.

         NOW, THEREFORE, in consideration of the foregoing premises, and the
promises and covenants herein contained, the receipt and sufficiency of which
are hereby acknowledged by the parties hereto, the parties, intending to be
legally bound, hereby agree as follows:

                                    ARTICLE 1

                        PURCHASE AND SALE OF COMMON STOCK

         Section 1.1 Purchase and Sale of Stock. Subject to the terms and
conditions of this Agreement, the Company will sell and issue to the Purchaser
and the Purchaser will purchase from the Company, 350,000 shares of Common Stock
at $1.85 per share for a total purchase price of $647,500.00 (the "Purchase
Price") subject to the terms herein.

         Section 1.2 Purchase Price and Closing. The Company agrees to issue and
sell to the Purchaser and, in consideration of and in express reliance upon the
representations, warranties, covenants, terms and conditions of this Agreement,
the Purchaser agrees to purchase 350,000 shares of Common Stock (the "Shares").
The delivery of executed documents under this Agreement and the other agreements
referred to herein (the "Closing") shall take place at the offices of Atlas
Pearlman, P.A., 350 East Las Olas Boulevard, Fort Lauderdale, Florida 33301 (i)
within three (3) days from the date hereof, or (ii) such other time and place or
on such date as the Purchaser and the Company may agree upon (the "Closing
Date"). Each party shall deliver all documents, instruments and writings
required to be delivered by such party pursuant to this Agreement at or prior to
the Closing.

                                    ARTICLE 2

                         REPRESENTATIONS AND WARRANTIES

         Section 2.1 Representation and Warranties of the Company. The Company
hereby makes the following representations and warranties to the Purchaser:

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                  (a) Organization, Good Standing and Power. The Company is a
corporation duly incorporated validly existing and in good standing under the
laws of Florida and has all requisite corporate authority to own, lease and
operate its properties and assets and to carry on its business as now being
conducted. The Company does not have any subsidiaries and does not own more than
fifty percent (50%) of or control any other business entity except as set forth
in the SEC Documents. The Company is duly qualified to do business and is in
good standing as a foreign corporation in every jurisdiction in which the nature
of the business conducted or property owned by it makes such qualification
necessary, other than those in which the failure so to qualify would not have a
Material Adverse Effect.

                  (b) Authorization, Enforcement. (i) The Company has the
requisite corporate power and corporate authority to enter into and perform its
obligations under the Agreement and to issue the Shares pursuant to their
respective terms, (ii) the execution and delivery of the Agreement by the
Company and the consummation by it of the transactions contemplated hereby have
been duly authorized by all necessary corporate action and no further consent or
authorization of the Company or its Board of Directors or stockholders is
required, and (iii) the Agreement has been duly executed and delivered by the
Company and at the Closing shall constitute valid and binding obligation of the
Company enforceable against the Company in accordance with their terms, except
as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation, conservatorship, receivership or
similar laws relating to, or affecting generally the enforcement of, creditors'
rights and remedies or by other equitable principles of general application.

                  (c) Capitalization. The authorized capital stock of the
Company consists of 40,000,000 shares of Common Stock of which _______________
shares are issued and outstanding as of the date hereof and 10,000,000 shares of
Series A Preferred Stock of which ____________ are issued and outstanding. All
of the outstanding shares of the Company's Common Stock have been duly and
validly authorized and are fully paid and non-assessable except as set forth in
the SEC Documents. No shares of Common Stock are entitled to preemptive rights.

                  (d) No Conflicts. The execution, delivery and performance of
this Agreement by the Company and the consummation by the Company of the
transactions contemplated herein do not and will not (i) violate any provision
of the Company's Charter or Bylaws, (ii) conflict with, or constitute a default
(or an event which with notice or lapse of time or both would become a default)
under, or give to others any rights of termination, amendment, acceleration or
cancellation of, any agreement, mortgage, deed of trust, indenture, note, bond,
license, lease agreement, instrument or obligation to which the Company is a
party, (iii) create or impose a lien, charge or encumbrance on any property of
the Company under any agreement or any commitment to which the Company is a
party or by which the Company is bound or by which any of its respective
properties or assets are bound, or (iv) result in a violation of any federal,
state, local or other foreign statute, rule, regulation, order, judgment or
decree (including any federal or state securities laws

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and regulations) applicable to the Company or any of its subsidiaries or by
which any property or asset of the Company or any of its subsidiaries are bound
or affected, except, in all cases, for such conflicts, defaults, termination,
amendments, accelerations, cancellations and violations as would not,
individually or in the aggregate, have a Material Adverse Effect. The business
of the Company and its subsidiaries is not being conducted in violation of any
laws, ordinances or regulations of any governmental entity, except for
violations which singularly or in the aggregate do not and will not have a
Material Adverse Effect. The Company is not required under any federal, state or
local law, rule or regulation to obtain any consent, authorization or order of,
or make any filing or registration with, any court or governmental agency in
order for it to execute, deliver or perform any of its obligations under this
Agreement, or issue and sell the Shares in accordance with the terms hereof
(other than any filings which may be required to be made by the Company with the
SEC or state securities administrators and any registration statement which may
be filed pursuant hereto); provided, however, that for purpose of the
representations made in this sentence, the Company is assuming and relying upon
the accuracy of the relevant representations and agreements of the Purchaser
herein.

                  (e) SEC Documents, Financial Statements. The Common Stock of
the Company is registered pursuant to Section 12(g) of the Exchange Act, and,
the Company is current with all reports, schedules, forms, statements and other
documents required to be filed by it with the SEC pursuant to the reporting
requirements of the Exchange Act, including material filed pursuant to Section
13(a) or 15(d) of the Exchange Act. As of their respective filing dates, the SEC
Documents complied in all material respects with the requirements of the
Exchange Act or the Securities Act, as applicable, and the rules and regulations
of the SEC promulgated thereunder applicable to such documents, and, as of their
respective filing dates, none of the SEC Documents contained any untrue
statement of a material fact or omitted to state a material fact required to be
stated therein or necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading. The financial
statements of the Company included in the SEC Documents comply as to form in all
material respects with applicable accounting requirements under GAAP and the
published rules and regulations of the SEC or other applicable rules and
regulations with respect thereto. Such financial statements have been prepared
in accordance with GAAP applied on a consistent basis during the periods
involved (except (i) as may be otherwise indicated in such financial statements
or the notes thereto or (ii) in the case of unaudited interim statements, to the
extent they may not include footnotes or may be condensed or summary
statements), and fairly present in all material respects the financial position
of the Company and its subsidiaries as of the dates thereof and the results of
operations and cash flows for the periods then ended (subject, in the case of
unaudited statements, to normal year-end audit adjustments).

                  (f) No Undisclosed Liabilities. Neither the Company nor any of
its subsidiaries has any liabilities, obligations, claims or losses (whether
liquidated or unliquidated, secured or unsecured, absolute, accrued, contingent
or otherwise) that would be required to be disclosed on a balance sheet of the
Company or any subsidiary (including the notes thereto) in conformity with GAAP
which are not disclosed in the SEC

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Documents, other than those incurred in the ordinary course of the Company's or
its subsidiaries' respective businesses since such date and which, individually
or in the aggregate, do not or would not have a Material Adverse Effect on the
Company or its subsidiaries.

                  (g) Compliance with Law. The Company and each of its
subsidiaries have all franchises, permits, licenses, consents and other
governmental or regulatory authorizations and approvals necessary for the
conduct of their respective businesses as now being conducted by them unless the
failure to possess such franchises, permits, licenses, consents and other
governmental or regulatory authorizations and approvals, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect.

                  (h) Taxes. The Company and each subsidiary has filed all Tax
Returns which it is required to file under applicable laws; all such Tax Returns
are true and accurate in all material respect, and have been prepared in
compliance with all applicable laws; except as set forth in the SEC Documents
the Company has paid all Taxes due and owing by it or any subsidiary (whether or
not such Taxes are required to be shown on a Tax Return) and has withheld and
paid over to the appropriate taxing authorities all Taxes which it is required
to withhold from amounts paid or owing to any employee, stockholder, creditor or
other third parties; and since December 31, 2000, the charges, accruals and
reserves for Taxes with respect to the Company (including any provisions for
deferred income taxes) reflected on the books of the Company are to its
knowledge adequate to cover any Tax liabilities of the Company if its current
tax year were treated as ending on the date hereof.

         No claim has been made by a taxing authority in a jurisdiction where
the Company does not file tax returns that the Company or any subsidiary is or
may be subject to taxation by that jurisdiction. Except as set forth in the SEC
Documents, there are no foreign, federal, state or local tax audits or
administrative or judicial proceedings pending or being conducted with respect
to the Company or any subsidiary; no information related to Tax matters has been
requested by any foreign, federal, state or local taxing authority; and, except
as disclosed above, no written notice indicating an intent to open an audit or
other review has been received by the Company or any subsidiary from any
foreign, federal, state or local taxing authority. Except as set forth in the
SEC Documents, there are no material unresolved questions or claims concerning
the Company's Tax liability. The Company (A) has not executed or entered into a
closing agreement pursuant to ss. 7121 of the Internal Revenue Code or any
predecessor provision thereof or any similar provision of state, local or
foreign law; and (B) has not agreed to or is required to make any adjustments
pursuant to ss. 481 (a) of the Internal Revenue Code or any similar provision of
state, local or foreign law by reason of a change in accounting method initiated
by the Company or any of its subsidiaries or has any knowledge that the IRS has
proposed any such adjustment or change in accounting method, or has any
application pending with any taxing authority requesting permission for any
changes in accounting methods that relate to the business or operations of the
Company. The Company has not been a United

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States real property holding corporation within the meaning of ss. 897(c)(2) of
the Internal Revenue Code during the applicable period specified in ss.
897(c)(1)(A)(ii) of the Internal Revenue Code.

For purposes of this Section 2.1(h):

                  "IRS" means the United States Internal Revenue Service.

                  "Tax" or "Taxes" means federal, state, county, local, foreign,
                  or other income, gross receipts, ad valorem, franchise,
                  profits, sales or use, transfer, registration, excise,
                  utility, environmental, communications, real or personal
                  property, capital stock, license, payroll, wage or other
                  withholding, employment, social security, severance, stamp,
                  occupation, alternative or add-on minimum, estimated and other
                  taxes of any kind whatsoever (including, without limitation,
                  deficiencies, penalties, additions to tax, and interest
                  attributable thereto) whether disputed or not.

                  "Tax Return" means any return, information report or filing
                  with respect to Taxes, including any schedules attached
                  thereto and including any amendment thereof.

                  (i) Operation of Business. The Company and each of the
subsidiaries owns or possesses all patents, trademarks, service marks, trade
names, copyrights, licenses and authorizations as set forth in the SEC Documents
or on Schedule 2.1(i) hereto, and all rights with respect to the foregoing,
which to its knowledge would be reasonably necessary for the conduct of its
business as now conducted without any conflict with the rights of others.

                  (j) Books and Records. The records and documents of the
Company and its subsidiaries accurately reflect in all material respects the
information relating to the business of the Company and the subsidiaries, the
location and collection of their assets, and the nature of all transactions
giving rise to the obligations or accounts receivable of the Company or any
subsidiary.

                  (k) Securities Laws. The Company has complied and will comply
with all applicable federal and state securities laws in connection with the
offer, issuance and sale of the Shares hereunder. Neither the Company nor anyone
acting on its behalf, directly or indirectly, has or will sell, offer to sell or
solicit offers to buy the Shares or similar securities to, or solicit offers
with respect thereto from, or enter into any preliminary conversations or
negotiations relating thereto with, any person (other than the Purchaser), so as
to bring the issuance and sale of the Shares under the registration provisions
of the Securities Act and applicable state securities laws. Neither the Company
nor any of its affiliates, nor any person acting on its or their behalf, has
engaged in any form of general solicitation or general advertising (within the
meaning of Regulation D under the Securities Act) in connection with the offer
or sale of the Shares.

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         Section 2.2 Representations and Warranties of the Purchaser. The
Purchaser hereby makes the following representations and warranties to the
Company:

                  (a) Organization and Standing of the Purchaser. The Purchaser
is a corporation duly incorporated, validly existing and in good standing under
the laws of its State of _________________.

                  (b) Authorization and Power. The Purchaser has the requisite
power and authority to enter into and perform the Agreement and to purchase the
Shares being sold to it hereunder. The execution, delivery and performance of
the Agreement by Purchaser and the consummation by it of the transactions
contemplated hereby have been duly authorized by all necessary corporate action
and at the Closing shall constitute valid and binding obligations of the
Purchaser enforceable against the Purchaser in accordance with their terms,
except as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium, liquidation, conservatorship,
receivership or similar laws relating to, or affecting generally the enforcement
of, creditors' rights and remedies or by other equitable principles of general
application.

                  (c) No Conflicts. The execution, delivery and performance of
this Agreement and the consummation by the Purchaser of the transactions
contemplated hereby or relating hereto do not and will not (i) result in a
violation of the Purchaser's charter documents or bylaws or (ii) conflict with,
or constitute a default (or an event which with notice or lapse of time or both
would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of any agreement, indenture or
instrument to which the Purchaser is a party, or result in a violation of any
law, rule, or regulation, or any order, judgment or decree of any court or
governmental agency applicable to the Purchaser or its properties (except for
such conflicts, defaults and violations as would not, individually or in the
aggregate, have a Material Adverse Effect on Purchaser). The Purchaser is not
required to obtain any consent, authorization or order of, or make any filing or
registration with, any court or governmental agency in order for it to execute,
deliver or perform any of its obligations under this Agreement or to purchase
the Shares in accordance with the terms hereof.

                  (d) Financial Risks. The Purchaser acknowledges that it is
able to bear the financial risks associated with an investment in the Shares and
that it has been given full access to such records of the Company and the
subsidiaries and to the officers of the Company and the subsidiaries as it has
deemed necessary or appropriate to conduct its due diligence investigation. The
Purchaser is capable of evaluating the risks and merits of an investment in the
Shares by virtue of its experience as an investor and its knowledge, experience,
and sophistication in financial and business matters and the Purchaser is
capable of bearing the entire loss of its investment in the Shares.

                  (e) Accredited Investor. The Purchaser is an "accredited
investor" as defined in Regulation D promulgated under the Securities Act.

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                  (f) General. The Purchaser understands that the Company is
relying upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of the Purchaser set forth herein
in order to determine the suitability of the Purchaser to acquire the Shares.

                                    ARTICLE 3

                                    COVENANTS

         Section 3.1 Registration.

                  (a) Piggy-Back Registrations. If at any time prior to April 1,
2002, the Company shall determine to file with the SEC a Registration Statement
relating to an offering for its own account or the account of others under the
Securities Act of any of its equity securities (other than on Form S-4 or Form
S-8 or their then equivalents relating to equity securities to be issued solely
in connection with any acquisition of any entity or business or entity
securities issuable in connection with stock option or other employee benefit
plans), the Company shall send to Purchaser notice of such determination and, if
within fifteen (15) days after the effective date of such notice, Purchaser
shall so request in writing, the Company shall include in such Registration
Statement all or any part of the Shares such Purchaser requests to be
registered, except that if, in connection with any underwritten public offering
for the account of the Company the managing underwriter(s) thereof shall impose
a limitation on the number of shares of Common Stock which may be included in
the Registration Statement because, in such underwriter(s)' judgment, marketing
or other factors dictate such limitation is necessary to facilitate public
distribution, then the Company shall be obligated to include in such
Registration Statement only such limited portion of the Registrable Securities
with respect to which such Purchaser has requested inclusion hereunder as the
underwriter shall permit. If an offering in connection with which a Purchaser is
entitled to registration under this Section 3.1 is an underwritten offering,
then Purchaser shall, unless otherwise agreed by the Company, offer and sell the
shares in an underwritten offering using the same underwriter or underwriters
and on the same terms and conditions as other shares of Common Stock included in
such underwritten offering.

                  (b) Maintain Effectiveness. The Company will use its
reasonable best efforts to maintain an effective registration statement
effective under the Securities Act until the earliest of (i) the date all the
shares of Common Stock have been sold under the registration statement, (ii) the
date that all of the shares of Common Stock have been otherwise transferred to
persons who may trade such shares without restriction under the Securities Act,
and the Company has delivered a new certificate or other evidence of ownership
for such shares not bearing a restrictive legend, and (iii) the date that all of
the shares of Common Stock may be sold without any time, volume or manner of
limitations pursuant to Rule 144(k) or similar provision then in effect under
the Securities Act in the opinion of counsel of the Company.

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                  (c) Registration Issues. As promptly as practicable after
becoming aware of such event, the Company shall notify Purchaser of the
happening of any event, of which the Company has knowledge, as a result of which
the prospectus included in any registration statement, as then in effect,
includes an untrue statement of a material fact or omission to state a material
fact required to be stated therein or necessary to make the statements therein
not misleading, and use its best efforts promptly to prepare a supplement or
amendment to any registration statement to correct such untrue statement or
omission, and deliver such number of copies of such supplement or amendment to
Purchaser as such Purchaser may reasonably request; provided that, the Company
may delay the disclosure of material non-public information concerning the
Company (as well as prospectus or registration statement updating) the
disclosure of which at the time is not, in good faith opinion of the Company, in
the best interests of the Company (an "Allowed Delay"); provided, further, that
the Company shall promptly (i) notify the Purchaser in writing of the existence
of (but in no event without the prior written consent of Purchaser, shall the
Company disclose to Purchaser any of the facts or circumstances regarding)
material non-public information giving rise to an Allowed Delay and (ii) advise
Purchaser in writing to cease all sales under such registration statement until
the end of the Allowed Delay. Upon expiration of the Allowed Delay, the Company
shall again be bound by the first sentence of this Section 3.1(c) with respect
to the information giving rise thereto.

                                    ARTICLE 4

                              CONDITIONS TO CLOSING

         Section 4.1 Conditions Precedent to the Obligation of the Company to
Sell the Shares. The obligation hereunder of the Company to proceed to close
this Agreement and to issue and sell the Shares to the Purchaser is subject to
the satisfaction or waiver, at or before the Closing, of each of the conditions
set forth below. These conditions are for the Company's sole benefit and may be
waived by the Company at any time in its sole discretion.

                  (a) Accuracy of the Purchaser's Representations and
Warranties. The representations and warranties of the Purchaser shall be true
and correct in all material respects as of the date when made and as of the
Closing as though made at that time, except for representations and warranties
that speak as of a particular date.

                  (b) Performance by the Purchaser. The Purchaser shall have
performed, satisfied and complied in all material respects with all material
covenants, agreements and conditions required by this Agreement to be performed,
satisfied or complied with by the Purchaser at or prior to the Closing.

                  (c) No Injunction. No statute, rule, regulation, executive
order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by any court or governmental authority of competent
jurisdiction which prohibits the consummation of any of the transactions
contemplated by this Agreement.

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         Section 4.2 Conditions Precedent to the Obligation of the Purchaser to
Close. The obligation hereunder of the Purchaser to perform its obligations
under this Agreement and to purchase the Shares is subject to the satisfaction
or waiver, at or before the Closing, of each of the conditions set forth below.
These conditions are for the Purchaser's sole benefit and may be waived by the
Purchaser at any time in its sole discretion.

                  (a) Accuracy of the Company's Representations and Warranties.
Each of the representations and warranties of the Company shall be true and
correct in all material respects as of the date when made and as of the Closing
as though made at that time (except for representations and warranties that
speak as of a particular date).

                  (b) Performance by the Company. The Company shall have
performed, satisfied and complied in all respects with all covenants, agreements
and conditions required by this Agreement to be performed, satisfied or complied
with by the Company at or prior to the Closing.

                  (c) No Injunction. No statute, rule, regulation, executive
order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by any court or governmental authority of competent
jurisdiction which prohibits the consummation of any of the transactions
contemplated by this Agreement.

                                    ARTICLE 5

                                 INDEMNIFICATION

         Section 5.1 General Indemnity.

                  (a) The Company agrees to indemnify and hold harmless the
Purchaser and each person, if any, who controls the Purchaser within the meaning
of the Securities Act ("Distributing Purchaser") against any losses, claims,
damages or liabilities, joint or several (which shall, for all purposes of this
Agreement, include, but not be limited to, all reasonable costs of defense and
investigation and all reasonable attorneys' fees), to which the Distributing
Purchaser may become subject, under the Securities Act or otherwise, insofar as
such losses, claims, damages or liabilities (or actions in respect thereof)
arise out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in the Registration Statement, or any related
preliminary prospectus, the Prospectus or amendment or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the
statements therein in light of the circumstances when made not misleading;
provided, however, that the company will not be liable in any such case to the
extent that any such loss, claim, damage or liability arises out of or is based
upon an untrue statement or alleged untrue statement or omission or alleged
omission made in the Registration Statement, preliminary prospectus, the
Prospectus or amendment or supplement thereto in reliance upon, and in
conformity with, written information furnished

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to the Company by the Distributing Purchaser specifically for use in the
preparation thereof. This Section 5(a) shall not inure to the benefit of any
Distributing Purchaser with respect to any person asserting such loss, claim,
damage or liability who purchased the Registrable Securities which are the
subject thereof if the Distributing Purchaser failed to send or give a copy of
the Prospectus to such person at or prior to the written confirmation to such
person of the sale of such Registrable Securities, where the Distributing
Purchaser was obligated to do so under the Securities Act or the rules and
regulations promulgated thereunder. This indemnity agreement will be in addition
to any liability the Company may otherwise have.

                  (b) Each Distributing Purchaser agrees that it will indemnify
and hold harmless the company, and each officer, director of the Company or
person, if any, who controls the company within the meaning of the Securities
Act, against any losses, claims, damages or liabilities (which shall, for all
purposes of this Agreement, include, but not be limited to, all reasonable costs
of defense and investigation and all reasonable attorney fees) to which the
company or any such officer, director or controlling person may become subject
under the Securities Act or otherwise, insofar as such losses, claims, damages
or liabilities (or actions in respect thereof) arise out of or are based upon
any untrue statement or alleged untrue statement of any material fact contained
in the Registration Statement, or any related preliminary prospectus, the
Prospectus or amendment or supplement thereto, or arise out of or are based upon
the omission or the alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading,
but in each case only to the extent that such untrue statement or alleged untrue
statement or omission or alleged omission was made in the Registration
Statement, preliminary prospectus, the Prospectus or amendment or supplement
thereto in reliance upon, and in conformity with, written information furnished
to the Company by such Distributing Purchaser specifically for use in the
preparation thereof. This indemnity agreement will be in addition to any
liability which the Distributing Purchase may otherwise have. Notwithstanding
anything to the contrary herein, the Distributing Purchaser shall not be liable
under this Section 5(b) for any amount in excess of the net proceeds to such
Distributing Purchaser as a result of the sale of registrable securities
pursuant to the Registration Statement.

                  (c) Promptly after receipt by an indemnified party under this
Section 5 of notice of the commencement of any action, such indemnified party
will, if a claim in respect thereof is to be made against the indemnifying party
under this Section 5, notify the indemnifying party of the commencement thereof,
but the omission so to notify the indemnifying party will not relieve the
indemnifying party from any liability which it may have to any indemnified party
except to the extent of actual material prejudice demonstrated by the
indemnifying party. In case any such action is brought against any indemnified
party, and it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate in, and to the extent that it
may wish, jointly with any other indemnifying party similarly notified, assume
the defense thereof, subject to the provisions herein stated and after notice
rom the indemnifying party to such indemnified party of its election so to
assume the defense thereof, the indemnifying party will not be liable to such

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indemnified party under this Section 5 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense
thereof other than reasonable costs of investigation, unless the indemnifying
party shall not pursue the action to its final conclusion. The indemnified party
shall have the right to employ separate counsel in any such action and to
participate in the defense thereof, but the fees and expenses of such counsel
shall not be at the expense of the indemnifying party if the indemnifying party
has assumed the defense of the action with counsel reasonably satisfactory to
the indemnified party; provided that if the indemnified party is the
Distributing Purchaser, the fees and expenses of such counsel shall be at the
expense of the indemnifying party if (i) the employment of such counsel has been
specifically authorized in writing by the indemnifying party, or (ii) the named
parties to any such action (including any impleaded parties) include both the
Distributing Purchaser and the indemnifying party and the Distributing Purchaser
shall have been advised by such counsel in writing that there may be one or more
legal defenses available to the indemnifying party different from or in conflict
with any legal defenses which may be available to the Distributing Purchaser (in
which case the indemnifying party shall not have the right to assume the defense
of such action on behalf of the Distributing Purchaser, it being understood,
however, that the indemnifying party shall, in connection with any one such
action or separate but substantially similar or related actions in the same
jurisdiction arising out of the same general allegations or circumstances, be
liable only for the reasonable fees and expenses of one separate firm of
attorneys for the Distributing Purchaser, which firm shall be designed in
writing by the Distributing Purchaser and be approved by the indemnifying
party). No settlement of any action against an indemnified party shall be made
without the prior written consent of the indemnified party, which consent shall
not be unreasonably withheld.

                  All fees and expenses of the indemnified party (including
reasonable costs of defense and investigation in a manner not inconsistent with
this Section and all reasonable attorneys' fees and expenses) shall be promptly
paid to the indemnified party, as incurred; provided, that the indemnifying
party may require such indemnified party to undertake to reimburse all such fees
and expenses to the extent it is finally judicially determined that such
indemnified party is not entitled to indemnification hereunder.

                                    ARTICLE 6

                                  MISCELLANEOUS

         Section 6.1 Fees and Expenses. Each of the parties to this Agreement
shall pay its own fees and expenses related to the transactions contemplated by
this Agreement.

         Section 6.2 Entire Agreement; Amendment. This Agreement contains the
entire understanding of the parties with respect to the matters covered herein.
No provision of this Agreement may be waived or amended other than by a written
instrument signed by the party against whom enforcement of any such amendment or
waiver is sought.

                                       11

<PAGE>

         Section 6.3 Notices. Any notice, demand, request, waiver or other
communication required or permitted to be given hereunder shall be in writing
and shall be effective (a) upon hand delivery or facsimile at the address or
number designated below (if delivered on a business day during normal business
hours where such notice is to be received), or the first business day following
such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the second business day
following the date of mailing by express courier service, fully prepaid,
addressed to such address, or upon actual receipt of such mailing, whichever
shall first occur. The addresses for such communications shall be:

If to the Company:         500 Australian Avenue
                           West Palm Beach, Florida 33401
                           Attn: Fred Sternberg
                           Tel: (561) 805-8500
                           Fax: (561) 805-8501

If to Purchaser:           Pequot Scout Fund, L.P.
                           153 East 53rd Street, 35th Floor
                           New York, New York 10022

                           Pequot Navigator Offshore, Inc.
                           153 East 53rd Street, 35th Floor
                           New York, New York 10022

         Any party hereto may from time to time change its address for notices
by giving written notice of such changed address to the other party hereto in
accordance herewith.

         Section 6.4 Waivers. No waiver by either party of any default with
respect to any provision, condition or requirement of this Agreement shall be
deemed to be a continuing waiver in the future or a waiver of any other
provisions, condition or requirement hereof, nor shall any delay or omission of
any party to exercise any right hereunder in any manner impair the exercise of
any such right accruing to it thereafter.

         Section 6.5 Headings. The article, section and subsection headings in
this Agreement are for convenience only and shall not constitute a part of this
Agreement for any other purpose and shall not be deemed to limit or affect any
of the provisions hereof.

         Section 6.6 Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the parties and their successors and assigns.
The parties hereto may not amend this Agreement or any rights or obligations
hereunder without the prior written consent of the Company and the Purchaser.

         Section 6.7 No Third Party Beneficiaries. This Agreement is intended
for the benefit of the parties hereto and their respective permitted successors
and assigns and is not for the benefit of, nor may any provision hereof be
enforced by, any other person.

                                       12

<PAGE>

         Section 6.8 Governing Law/Arbitration. This Agreement shall be governed
by and construed in accordance with the internal laws of the State of Florida,
without giving effect to the choice of law provisions.

         Section 6.9 Counterparts. This Agreement may be executed in any number
of counterparts, all of which taken together shall constitute one and the same
instrument and shall become effective when counterparts have been signed by each
party and delivered to the other parties hereto, it being understood that all
parties need not sign the same counterpart. Execution may be made by delivery by
facsimile.

         Section 6.10 Publicity. Neither the Company nor the Purchaser shall
issue any press release or otherwise make any public statement or announcement
with respect to this Agreement or the transactions contemplated hereby or the
existence of this Agreement, without the prior written consent of the other
party. After the Closing, the Company may issue a press release or otherwise
make a public statement or announcement with respect to this Agreement or the
transactions contemplated hereby or the existence of this Agreement; provided,
however, that prior to issuing any such press release, making any such public
statement or announcement, the Company obtains the prior consent of the
Purchaser, which consent shall not be unreasonably withheld or delayed.

         Section 6.11 Further Assurances. From and after the date of this
Agreement, upon the request of the Purchaser or the Company, each of the Company
and the Purchaser shall execute and deliver such instruments, documents and
other writings as may be reasonably necessary or desirable to confirm and carry
out and to effectuate fully the intent and purposes of this Agreement.

         Section 6.12 Effectiveness of Agreement. This Agreement shall become
effective only upon satisfaction of the conditions precedent to the Closing.

                                    ARTICLE 7

                                   DEFINITIONS

         Section 7.1 Certain Definitions.

                  (a) "Common Stock" shall mean the Company's common stock,
$0.001 par value per share.

                  (b) "Exchange Act" shall mean the Securities Exchange Act of
1934, as amended, and the rules and regulations promulgated thereunder.

                                       13

<PAGE>

                  (c) "GAAP" shall mean the United States Generally Accepted
Accounting Principles as those conventions, rules and procedures are determined
by the Financial Accounting Standards Board and its predecessor agencies.

                  (d) "Material Adverse Effect" shall mean any adverse effect on
the business, operations, properties, or financial condition of the Company that
is material and adverse to the Company and its subsidiaries and affiliates,
taken as a whole and/or any condition, circumstance, or situation that would
prohibit or otherwise materially interfere with the ability of the Company to
perform any of its material obligations under this Agreement or to perform its
obligations under any other agreement which would be required to be filed with
the SEC as on exhibit to a Registration Statement on Form S-1 or other
applicable form.

                  (e) "SEC" shall mean the Securities and Exchange Commission.

                  (f) "SEC Documents" shall mean the Company's latest Form
10-KSB as of the time in question, all Forms 10-QSB and 8-K filed thereafter,
and the Proxy Statement for its latest fiscal year as of the time in question.

                  (g) "Securities Act" shall mean the Securities and Exchange
Act of 1934, as amended, and the rules and regulations promulgated thereunder.

                            [SIGNATURE PAGE FOLLOWS]

                                       14

<PAGE>

               [SIGNATURE PAGE TO EQUITY LINE PURCHASE AGREEMENT)

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their respective authorize officer as of this _____ day of May,
2001.

                                        METROPOLITAN HEALTH
                                        NETWORKS, INC.

                                        By:
                                           -------------------------------------
                                             Fred Sternberg, President & CEO

                                        PEQUOT SCOUT FUND, L.P.

                                        By:
                                           -------------------------------------

                                        PEQUOT NAVIGATOR OFFSHORE, INC.

                                        By:
                                           -------------------------------------

                                       15<PAGE>

                                                                    EXHIBIT 10.9

                   FINANCIAL ADVISORY AND CONSULTING AGREEMENT

         This agreement ("Agreement") is made and entered into this 1st day of
March, 2001 between Metropolitan Health Networks, a Florida corporation (the
"Company"), and National Securities Corporation (the "Consultant"). For good and
valuable consideration (the sufficiency and receipt of which is hereby
acknowledged) the Company and National hereto mutually agree and intend to be
legally bound for themselves and their respective heirs, legal representatives,
successors and assigns to the terms of this Agreement.

         1. Purpose. The Company hereby retains the Consultant on an
non-exclusive basis during the term specified to render consulting advice to the
Company relating to financial and similar matters, upon the terms and conditions
as set forth herein.

         2. Terms and Consideration. This Agreement shall be effective for a
period of three years commencing on the date first written above (the
"Engagement Period"). The Company shall pay National $2,000 per month during the
Engagement Period. The Company has the right to terminate the Agreement after
six months. The Company shall issue to Consultant, upon execution of this
Agreement, 100,000 common stock purchase warrants (the "Warrants") exercisable
for a period of three (3) years, with an exercise price equal to $1.10. The
Company shall issue to Consultant 100,000 common stock purchase warrants
exercisable for a period of three (3) years, with an exercise price equal to
$1.50 (the "Second Warrants"), 50,000 of the Second Warrants shall vest three
months from the date of the Agreement and the other 50,000 of the Second
Warrants shall vest six months and one day from the date of the Agreement,
however, all 100,000 of the Second Warrants shall vest upon the Consultants
introduction to registered representatives of the Consultant located in the
Consultant's Boca Raton, New York, and Seattle offices. The Warrants and Second
Warrants shall contain customary terms, including, but not limited to, demand
and piggyback registration rights.

         3. Duties of Consultant. During the term of this Agreement, the
Consultant will provide the Company with such regular and customary consulting
advice as is reasonably requested by the Company, provided that the Consultant
shall not be required to undertake duties not reasonably within the scope of the
consulting advisory services contemplated by this Agreement. In performance of
these duties, the Consultant shall provide the Company with the benefits of its
best judgment and efforts. It is understood and acknowledged by the parties that
the value of the Consultant's advice is not measurable in any quantitative
manner, and that the Consultant shall not be obligated to spend any specific
amount of time doing so. The Consultant's duties may include, but not
necessarily be limited to:

         A. Providing sponsorship and exposure in connection with the
dissemination of corporate information regarding the Company to the investment
community at large.

         B. Assisting in the Company's financial public relations, including
discussions between the Company and the financial community.

                                        1
<PAGE>

         C. Advice regarding the financial structure of the Company and its
divisions or subsidiaries or any programs and projects, as such issues relate to
the public market for the Company's equity securities.

         D. Rendering advice with respect to any acquisition program of the
Company, as such program relates to the public market for the Company's equity
securities.

         E. Rendering advice regarding the public market for the Company's
securities and the timing and structure of any future public offering or private
placement of the Company's equity securities.

         F. Introducing the company to potential retail and institutional
investors.

         4. Relationships with others. The Company acknowledges that the
Consultant or its affiliates is in the business of providing financial service
and consulting advice (of all types contemplated by this Agreement) to others.
Nothing contained herein shall be construed to limit or restrict the Consultant
in conducting such business with respect to others, or in rendering such advise
to others. In connection with the rendering of services hereunder, Consultant
has been or will be furnished with confidential information concerning the
Company including, but not limited to, financial statements and information,
cost and expense data, production data, trade secrets, marketing and customer
data, and such other information not generally obtained from public or published
information or trade sources. Such information shall be deemed "Confidential
Material" and, except as specifically provided herein, shall not be disclosed by
Consultant without prior written consent of the Company and shall be used only
in compliance with applicable laws, including but not limited to Regulation FD.
In the event Consultant is required by applicable law or legal process to
disclose any of the Confidential Material, it is agreed that Consultant will
deliver to the Company prompt notice of such requirement prior to disclosure of
same to permit the Company to seek an appropriate protective order and/or waive
compliance of this provision. If, in the absence of a protective order or
receipt of written waiver, Consultant is nonetheless, in the written opinion of
counsel, compelled to disclose any Confidential Material, Consultant may do so
without liability hereunder provided that notice of such prospective disclosure
is delivered to the Company prior to actual disclosure. Following the
termination of this Agreement, Consultant shall deliver to the Company all
Confidential Material.

         5. Consultant's Liability. In the absence of gross negligence or
willful misconduct on the part of National or National's material breach of this
Agreement, National shall not be liable to the Company or to any officer,
director, employee, agent, representative, stockholder or creditor of the
Company for any action or omission of National or any of its officers,
directors, employees, agents, representatives or stockholders in the course of,
or in connection with, rendering or performing any services hereunder. The
liability of National pursuant to this Engagement Letter shall be limited to the
aggregate fees received by National hereunder, which shall not include any
liability for incidental, consequential or punitive damages. The Company agrees
to indemnify National in accordance with the provisions of Annex A hereto, which
is incorporated by reference and made a part hereof.

         6. Termination. This Engagement Letter may be terminated at any time
during the Engagement Period by National upon fifteen (15) days prior written
notice to the Company, in the event that National becomes aware of (i) any
material adverse change in the business or operations of the Company which
National reasonably believes would adversely affect National's ability to render
the services contemplated hereunder, (ii) any material misrepresentation by the
Company with respect to the business operations, assets,

                                       2
<PAGE>

or financial condition, results of operations or prospects of the Company, or
(iii) any breach by the Company of its obligations under this Engagement Letter.

         In the event of termination (i) this Engagement Letter shall become
void, without liability on the part of National or its affiliates, directors,
officers or stockholders, and (ii) National shall be entitled to retain or
receive compensation for services it has rendered, including payment for
expenses it has incurred up to the date of such termination.

         7. Expenses. The Company, upon receipt of appropriate supporting
documentation, shall reimburse the Consultant for any and all reasonable
out-of-pocket expenses incurred in connection with services provided to the
Company, subject to prior written approval of the Company.

         8. Limitation Upon the Use of Advice and Services.

         (a) No person or entity, other than the Company or any of its
subsidiaries or directors or officers of each of the foregoing, shall be
entitled to make use of or rely upon the advice of the Consultant to be given
hereunder, and the Company shall not transmit such advice to, or encourage or
facilitate the use or reliance upon such advice by others without the prior
consent of the Consultant.

         (b) The Company hereby acknowledges that the Consultant, for services
rendered under this Agreement, makes no commitment whatsoever as to recommend or
advise its clients to purchase the securities of the Company. Research reports
that may be prepared by the Consultant will, when and if prepared, be based
solely on the merits, and independent judgment of analysts of the Consultant.

         (c) The Company hereby acknowledges that the Consultant, for services
rendered under this Agreement, makes no commitment whatsoever to make a market
in any of the Company's securities on any stock exchange or in any electronic
marketplace. Any decision by Consultant to make a market in any of the Company's
securities shall be based solely on the independent judgment of Consultant's
traders and related supervisory personnel.

         (d) Use of the Consultant's name in annual reports or any other report
of the Company or releases by the Company must have the prior approval of the
Consultant unless the Company is required by law to include Consultant's name in
such annual reports, other report or release of the Company, in which event
Consultant will be furnished with copies of such annual reports or other reports
or releases using Consultant's name in advance of publication by the Company.

         9. Severability. Every provision of this Agreement is intended to be
severable. If any term or provision hereof is deemed unlawful or invalid for any
reason whatsoever, such unlawfulness or invalidity shall not affect the validity
of this Agreement.

         10. Miscellaneous.

         (a) Any notice or other communication between parties hereto shall be
sufficiently given if sent by certified or registered mail, postage prepaid, or
faxed and confirmed if to the Company, addressed to it at Metropolitan Health
Networks, Inc., 500 Australian Avenue, West Palm Beach, FL 33401, or if to the

                                       3
<PAGE>

Consultant, addressed to it at National Securities Corporation, 875 N. Michigan
Ave, Suite 1560, Chicago, IL 60611. Such notice or other communication shall be
deemed to be given on the date of receipt.

         (b) If the Consultant shall cease to do business, the provisions hereof
relating to duties of the Consultant and compensation by the Company as it
applies to the Consultant shall thereupon cease to be in effect, except for the
Company's obligation of payment for services rendered prior thereto. This
Agreement shall survive any merger of, acquisition of, or acquisition by the
Consultant and after any such merger or acquisition shall be binding upon the
Company and the corporation surviving such merger or acquisition.

         (c) This Agreement embodies the entire agreement and understanding
between the Company and the Consultant and supersedes any and all negotiations,
prior discussions and preliminary and prior agreements and understandings
related to the central subject matter hereof.

         (d) This agreement has been duly authorized, executed and delivered by
and on behalf of the Company and the Consultant.

         (e) This Agreement shall be construed and interpreted in accordance
with the laws of the State of Florida, without giving effect to conflicts of
laws.

         (f) There is no relationship of partnership, agency, employment,
franchise or joint venture between the parties. Neither party has the authority
to bind the other or incur any obligation on its behalf.

         (g) This Agreement and the rights hereunder may not be assigned by
either party (except by operation of law) and shall be binding upon and inure to
the benefit of the parties and their respective successors, assigns and legal
representatives.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date hereof.

                                            Metropolitan Health Networks

                                            By:
                                            Name:
                                            Title

                                            National Securities Corporation

                                            By:
                                            Name:
                                            Title

                                       4
<PAGE>

                                     ANNEX A

                                 INDEMNIFICATION

         Recognizing that transactions of the type contemplated in this
engagement sometimes result in litigation and that National Securities
Corporation's ("National") role is advisory, Metropolitan Health Networks, Inc.
(the "Company") agrees to indemnify and hold harmless National, its affiliates
(including Olympic Cascade Financial Corporation) and their respective officers,
directors, employees, agents and controlling persons (collectively, the
"Indemnified Parties"), from and against any losses, claims, damages and
liabilities, joint or several, related to or arising in any manner out of any
transaction, proposal or any other matter (collectively, the "Matters")
contemplated by the engagement of National hereunder, and will promptly
reimburse the Indemnified Parties for all expenses (including reasonable fees
and expenses of legal counsel) as incurred in connection with the investigation
of, preparation for, or defense of any pending or threatened claim related to or
arising in any manner out of any Matter contemplated by the engagement of
National hereunder, or any action or proceeding arising therefrom (collectively,
"Proceedings"), whether or not such Indemnified Party is a formal party to any
such Proceeding. Notwithstanding the foregoing, the Company shall not be liable
in respect of any losses, claims, damages, liabilities or expenses that a court
of competent jurisdiction shall have determined by final judgment resulted
solely from the gross negligence or willful misconduct of an Indemnified Party.
The Company further agrees that it will not, without the prior written consent
of National, settle compromise or consent to the entry of any judgment in any
pending or threatened Proceeding in respect of which indemnification may be
sought hereunder (whether or not National or any Indemnified Party is an actual
or potential party to such Proceeding), unless such settlement, compromise or
consent includes an unconditional release of National and each other Indemnified
Party hereunder from all liability arising out of such Proceeding.

         The Company agrees that if any indemnification or reimbursement sought
pursuant to this letter were for any reason not to be available to any
Indemnified Party or insufficient to hold it harmless as and to the extent
contemplated by this letter, then the Company shall contribute to the amount
paid or payable by such Indemnified Party in respect of losses, claims, damages
and liabilities in such proportion as is appropriate to reflect the relative
benefits to the Company and its stockholders on the one hand, and National on
the other, in connection with the Matters to which such indemnification or
reimbursement relates or, if such allocation is not permitted by applicable law,
not only such relative benefits but also the relative faults of such parties as
well as any other equitable considerations. It is hereby agreed that the
relative benefits to the Company and/or its stockholders and to National with
respect to National's engagement shall be deemed to be in the same proportion as
(i) the total value paid or received or to be paid or received by the Company
and/or its stockholders pursuant to the Matters (whether or not consummated) for
which National is engaged to render services bears to (ii) the fees paid to
National in connection with such engagement. In no event shall the Indemnified
Parties contribute or otherwise be liable for an amount in excess of the
aggregate amount of fees actually received by National pursuant to such
engagement (excluding amounts received by National as reimbursement of the
expenses).

                                       5
<PAGE>

         The Company further agrees that no Indemnified Party shall have any
liability (whether direct or indirect, in contract or tort or otherwise) to the
Company for or in connection with National's engagement hereunder except for
losses, claims, damages, liabilities or expenses that a court of competent
jurisdiction shall have determined by final judgment resulted solely from the
gross negligence or willful misconduct of such Indemnified Party. The indemnity,
reimbursement and contribution obligations of the Company shall be in addition
to any liability which the Company may otherwise have and shall be binding upon
and inure to the benefit of any successors, assigns, heirs and personal
representatives of the Company or an Indemnified Party.

         The indemnity, reimbursement and contribution provisions set forth
herein shall remain operative and in full force and effect regardless of (i) any
withdrawal, termination or consummation of or failure to initiate or consummate
any Matter referred to herein, (ii) any investigation made by or on behalf of
any party hereto or any person controlling (within the meaning of Section 15 of
the Securities Act of 1933 as amended, or Section 20 of the Securities Exchange
Act of 1934, as amended) any party hereto, (iii) any termination or the
completion or expiration of this letter of National's engagement and (iv)
whether or not National shall, or shall not be called upon to, render any formal
or informal advice in the course of such engagement.

                                       6

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