AMENDMENT AGREEMENT
EXHIBIT 10.23
Amendment Agreement dated June 22, 2006 among Henvil Corp., an Ontario
Canada Corporation, (“Henvil”), Xxxxx Xxxxxx, (“Livneh”) its
sole shareholder and principal, (collectively “Consultants”) as parties of the
first part, and Bovie Medical
Corporation, a Delaware Corporation (“Bovie”) as party of the second
part.
WITNESSETH
WHEREAS the parties have
heretofore entered into an agreement dated as of January 11, 2006 (the
“Agreement”)
WHEREAS the parties are
desirous of clarifying and correcting a drafting error and misunderstanding as
to a certain aspect of the Agreement.
NOW THEREFORE in
consideration of the premises and mutual covenants herein
continued,
IT
IS HEREBY AGREED:
|
1.
|
Paragraph
2.3 of the Agreement is hereby amended to read as
follows:
|
Stock Options: As
additional compensation for Xxxxx Xxxxxx, Xxxxx shall,subject to
Section 2.3.1 below, issue to Livneh, or to a company owned 50% or more by him
or to a family member designated by him, when requested, a total of 100,000
restricted stock options to purchase 100,000 restricted shares of Common Stock
of Bovie, exercisable at the closing price for Bovie’s Common Stock on the
American Stock Exchange as of the close of business on the date of execution of
the Agreement.
|
2.
|
Except
as amended hereby, the Agreement is hereby ratified and
approved;
|
IN WITNESS WHEREOF, the
parties have set forth their signatures this 22 day of June,
2006.
BOVIE MEDICAL CORPORATION | |
By:
|
/S/ Xxxxxx Xxxxxxxx
|
Xxxxxx Xxxxxxxx, President
|
|
HENVIL CORPORATION | |
By:
|
/S/ Xxxxx Xxxxxx
|
Xxxxx Xxxxxx, President
|
|
/S/ Xxxxx Xxxxxx
|
|
Xxxxx
Xxxxxx
|