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Title: |
Financial Advisory and Investment Banking Agreement |
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Date: |
2007 |
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Preview shows 5KB of 30KB total |
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Price: |
$41 |
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ID: |
#2859244 |
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FINANCIAL ADVISORY AND INVESTMENT BANKING AGREEMENT
THIS FINANCIAL ADVISORY AND INVESTMENT BANKING AGREEMENT is made as of the
1st day of July, 2006 by and between North Coast Securities Corporation, a
California corporation (the "Agent"), and Performance Health Technologies, Inc.,
a Delaware corporation (collectively with its affiliates the "Company").
RECITALS:
WHEREAS, the Company wishes to engage the Agent to render certain
financial advisory and investment banking services to the Company and the Agent
wishes to render such services, all as provided below.
NOW, THEREFORE, in consideration of the premises and the mutual agreements
contained in this Agreement, and of other consideration (the receipt and
sufficiency of which are acknowledged by each Party), the Parties agree as
follows:
ARTICLE 1
FINANCIAL ADVISORY AND INVESTMENT BANKING SERVICES
1.1 FINANCIAL ADVISORY AND INVESTMENT BANKING SERVICES
(a) For the 10 month period commencing on July 1, 2006 ending on April 30,
2007 (the "Term"), the Agent shall provide the Company with such regular and
customary financial advice as is reasonably requested by the Company, provided
that the Agent shall not be required to undertake duties not reasonably within
the scope of the financial advisory or investment banking services contemplated
by this Agreement. It is understood and acknowledged by the Parties that the
value of the Agent's advice is not readily quantifiable, and that the Agent
shall be obligated to render advice upon the request of the Company, in good
faith, but shall not be obligated to spend any specific amount of time in so
doing.
(b) The Agent's duties may include, but will not necessarily be limited
to, providing recommendations concerning the following financial and related
matters:
1. Disseminating information about the Company to the investment
community at large;
2. Rendering advice and assistance in connection with the preparation
of reports or other communications to shareholders or creditors;
3. Assisting in the Company's financial public relations;
4. Arranging, on behalf of the Company, at appropriate times, meetings
with securities analysts or other representatives of major regional
and national investment banking firms;
1
{PAGE}
5. Rendering advice with regard to any of the following corporate
finance matters:
i. changes in the capitalization of the Company;
ii. changes in the Company's financial structure;
iii. redistribution of shareholdings of the Company's stock;
iv. offerings of securities in public transactions;
v. sales of securities in private transactions;
vi. alternative uses of corporate assets; and
vii. structure and use of debt.
(c) In addition to the foregoing, the Agent agrees to furnish advice to
the Company as reasonably requested by the Company in connection with (i) the
acquisition and/or merger of or with other companies, divestiture of assets or
any other similar transaction, or the sale of the Company itself (or any
significant percentage of the Company or its assets, subsidiaries or affiliates
thereof), and (ii) bank financings or any other financing from financial
institutions or venture capitalists (including but not limited to lines of
credit, performance bonds, letters of credit, loans or other financings).
(d) The Agent shall render such other financial advisory and investment
and/or investment banking services as may from time to time be agreed upon by
the Agent and the Company.
1.2 INTRODUCTIONS TO INVESTORS
(a) During the Term, the Agent shall, on a non-exclusive basis, assist the
Company in effectuating introductions to prospective Investors (as defined
below) in connection with certain debt and/or equity financing arrangements or
business combinations with the Company. The Agent shall use its reasonable
efforts to introduce the Company to prospective Investors, if and when requested
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