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Stock Agreement
with
Atlas, Xxxxxxxx, Trop & Borkson, P.A.
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Health Professionals, Inc.
000 X. Xxx Xxxx Xxxx., Xxxxx 0000
Xxxx Xxxxxxxxxx, Xx 00000
(000) 000-0000, Fax (000) 000-0000
March 27, 1997
Xxxxxxx Xxxxxxxx, Esquire
ATLAS, XXXXXXXX TROP & BORKSON
000 Xxxx Xxx Xxxx Xxxxxxxxx
Xxxxx 0000
Xxxx Xxxxxxxxxx, XX 00000
Dear Xxxxxxx:
This shall confirm the agreement between Atlas Xxxxxxxx Trop & Borkson and
Health Professionals, Inc. pursuant to which Health Professionals, Inc. hereby
grants to Atlas Xxxxxxxx & Borkson 100,000 shares of common stock of Health
Professionals, Inc. in connection with certain agreed legal services to be
performed by Atlas Xxxxxxxx Trop & Borkson on behalf of Health Professionals,
Inc.
The legal services to be performed by Atlas Xxxxxxxx shall be the review
of all periodic report filings (including the fiscal year 1997 10K), preparation
of an S-8 registration statement (which, in addition to other shares, shall
register the shares which are the subject to our agreement) and certain general
routine corporate matters in the calendar year 1997.
With respect to matters beyond the scope of this agreement, Health
Professionals, Inc. shall be billed at your customary rate. In addition, Health
Professionals, Inc. and Atlas Xxxxxxxx shall agree on a repayment schedule on
the $10,000 for fees and costs due over last years fee engagement which remain
owing as of the date of this letter.
Finally, Health Professionals, Inc. agrees to pay any out of pocket costs
incurred by Atlas, Xxxxxxxx in furtherance of its legal representation of Health
Professionals, Inc.
Accepted and Agreed to: Very truly yours,
ATLAS, XXXXXXXX, TROP & BORKSON HEALTH PROFESSIONALS, INC.
By:/s/ Xxxxxxx Xxxxxxxx By:/s/Xxxxxxx X. Xxxxxx, M.D.
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Xxxxxxx Xxxxxxxx Xxxxxxx X. Xxxxxx, M./D.
