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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Health & Nutrition Systems International, Inc.
----------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.001
-----------------------------
(Title of Class of Securities)
42216P 20 5
-----------
(CUSIP Number)
Denise G. Reeder, Esq.
Greenberg Traurig, P.A.
777 S. Flagler Drive, Suite 300-East Tower
West Palm Beach, Florida 33401
(561) 650-7900
------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 14, 2001
-----------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13-d-1(e), 240.13d-1(f) or 24013.d-1(g), check the
following box: |_|
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. Seess.240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filed out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
Schedule 13D Page 2 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Tisi
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 769,088*
SHARES
-----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
-----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 518,788
WITH
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
769,088
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.50%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*See disclosure in Item 4
Schedule 13D Page 3 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Steven Pomerantz
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 516,829*
SHARES
-----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
-----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 516,829
WITH
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
516,829
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.66%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*See disclosure in Item 4
Schedule 13D Page 4 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tony D'Amato
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 125,000*
SHARES
-----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
-----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 339,750
WITH
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
339,750
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.78%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*See disclosure in Item 4
Schedule 13D Page 5 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Tony F. Musso
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) |X|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
PF
- --------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e): |_|
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 569,329*
SHARES
-----------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
-----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 569,329
WITH
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
569,329
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (See Instructions)
|_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.38%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*See disclosure in Item 4
Schedule 13D Page 6 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
ITEM 1: SECURITY AND ISSUER:
1(a) Common Stock, $.001 par value per share (the "Common Stock").
1(b) Health & Nutrition Systems International, Inc. (the
"Issuer"), 3750 Investment Lane, Suite 5,
West Palm Beach, Florida 33404
ITEM 2: IDENTITY AND BACKGROUND:
2(a)-(c) The identity and background of the reporting persons
(collectively, hereinafter referred to as the "Reporting
Persons" and each as a "Reporting Person") is as follows:
(i) Christopher Tisi ("Tisi") is President, Secretary,
and a director of the Issuer, 3750 Investment Lane,
Suite 5, West Palm Beach, Florida 33404.
(ii) Steven Pomerantz ("Pomerantz") is Chief Executive
Officer, Treasurer, and Chairman of the Board of the
Issuer, 3750 Investment Lane, Suite 5, West Palm
Beach, Florida 33404.
(iii) Tony D'Amato ("D'Amato") is a consultant and
shareholder of the Issuer, 1401 Bay Road, Suite 305,
Miami Beach, FL 33139.
(iv) Tony Musso ("Musso") is a director of the Issuer,
3750 Investment Lane, Suite 5, West Palm Beach,
Florida 33404.
2(d)-(e) None
2(f) All of the Reporting Persons are United States citizens.
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Not Applicable.
ITEM 4: PURPOSE OF TRANSACTION
Effective June 29, 2000, the Issuer's Registration Statement on Form 9
was declared effective by the Securities and Exchange Commission. As a result,
the Reporting Persons became subject to the reporting requirements of the
Securities Exchange Act of 1934.
On July 13, 2000, D'Amato executed and delivered to Tisi and the Issuer
a Shareholders' Agreement pursuant to which D'Amato granted to Tisi an
irrevocable proxy (the "Irrevocable Proxy") authorizing Tisi to vote shares of
the Issuer beneficially owned by D'Amato as of that date and any shares of the
Issuer acquired by D'Amato thereafter. The Irrevocable Proxy has a two year
term. The Shareholders' Agreement and Irrevocable Proxy are filed as Exhibits 1
and 2 to this Schedule 13D, respectively, and are incorporated by reference
herein. On January 31, 2001, Tisi relinquished his right to vote pursuant to the
Irrevocable Proxy with respect to 125,000 shares beneficially owned by D'Amato
as of that date (the "Waiver"). The Waiver is filed as Exhibit 3 to this
Schedule 13D and is incorporated by reference herein.
Schedule 13D Page 7 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
In addition, Tisi, Musso and Pomerantz have entered into an oral
understanding with each other that each will vote, in person or by proxy, shares
of Common Stock of the Issuer beneficially owned by him (or, in the case of
Tisi, as to which he has voting power) together as a group, but only for the
following purposes: (i) in favor of the same person or persons to be nominated
and elected to serve on the board of directors of the Issuer to fill any
vacancies on the board, if and as such vacancies may arise from time to time
(whether such vacancy occurs by removal, resignation or an increase in the size
of the board of directors) at any time prior to the Issuer's 2001 annual meeting
of stockholders, or any adjournment thereof; and (ii)in favor of the same person
or persons to be nominated and elected as the slate of nominees, and elected, to
the board of directors to be voted upon by the shareholders of the Issuer at its
2001 annual meeting of shareholders, or any adjournment thereof.
Each of Tisi, Pomerantz and Musso do not have any other plans or
proposals with respect to the Issuer, other than, as directors of the Issuer, to
continue the operations of the Issuer in accordance with its current business
plan. In addition, D'Amato has no other plans or proposals with respect to the
Issuer.
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER
5(a) and 5(b)
According to Issuer's most recent 10-Q, the Issuer had
3,474,813 shares of Common Stock outstanding as of November 16, 2000.
Tisi has sole voting power of 769,088 shares, and sole dispositive
power of 518,788 shares beneficially owned by him, which includes 102,000 shares
which he may acquire within 60 days pursuant to the exercise of vested stock
options.
Pomerantz has sole voting power of 516,829 shares and sole dispositive
power of 516,829 shares beneficially owned by him, which includes 50,000 shares
which he may acquire within 60 days pursuant to the exercise of vested stock
options.
D'Amato has sole voting power of 125,000 shares and sole dispositive
power of 339,750 shares beneficially owned by him.
Musso has sole voting power for the limited purposes set forth in Item
4 of 569,329 shares and sole dispositive power of 569,329 shares beneficially
owned by him.
5(c) No transactions concerning Issuer's securities have been effected
by the Reporting Persons within the last 60 days.
5(d) Not applicable.
5(e) Not applicable.
Schedule 13D Page 7 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
ITEM 6. CONTRACTS, ARRANGEMENT, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Other than as disclosed under Item 4, there are no other contracts,
arrangements, understandings or relationships among the Reporting Persons with
respect to the securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
No. Description:
- ------------------ ------------------------------------------------------
1. Shareholders' Agreement among D'Amato, Tisi, and
the Issuer dated July 13, 2000.
2. Irrevocable Proxy dated July 13, 2000.
3. Waiver dated January 31, 2001.
4. Joint Filing Agreement dated February 13, 2001.
Schedule 13D Page 8 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
SIGNATURE:
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 14, 2001.
Signature: /s/Steven Pomerantz
Names: Steven Pomerantz
Signature: /s/Christopher Tisi
Names: Christopher Tisi
Signature: /s/Tony Musso
Names: Tony Musso
Signature: /s/Tony D'Amato
Names: Tony D'Amato
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
this statement: provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name an any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
Schedule 13D Page 9 of 9
CUSIP NO: 42216P 20 5
- --------------------------------------------------------------------------------
Exhibit Index
No. Description:
1. Shareholders' Agreement among D'Amato, Tisi, and
the Issuer dated July 13, 2000.
2. Irrevocable Proxy dated July 13, 2000.
3. Waiver dated January 31, 2001.
4. Joint Filing Agreement dated February 13, 2001.
EXHIBIT 1
SHAREHOLDERS' AGREEMENT
-----------------------
This SHAREHOLDERS' AGREEMENT (the "Agreement") is made and entered into
as of this l3th day of July, 2000, by and among TONY D'AMATO ("D'Amato"),
CHRISTOPHER TISI ("Tisi") and HEALTH AND NUTRITION SYSTEMS INTERNATIONAL, INC.
(the "Company").
1. D'Amato and Tisi are shareholders of the Company, while Tisi is the
Chief Operating Officer of the Company. D'Amato owns 799,104 shares of Common
Stock (the "D'Amato Shares") of the Company and owns no other shares or
securities of the Company.
2. D'Amato and Tisi desire to promote their mutual interest, the
interest of the Company and the orderly management of the affairs of the Company
by providing administrative support for Tisi to continue to undertake his
management functions and by creating certain independent rights and obligations
with respect to the D'Amato shares and the management of the Company' s affairs.
SECTION I
Recitals
The recitals set forth above are true and correct.
SECTION II
Revocation
Upon execution of this Agreement, the parties hereto wholly revoke all,
if any, previous shareholder voting agreements affecting Common Stock in the
Company entered into by any of the parties.
SECTION III
Voting
3.1 Irrevocable Proxy by D'Amato. In consideration of the foregoing
conditions and in order to promote the well being of the Company, D'Amato shall
provide to Tisi an irrevocable proxy in the form of Exhibit A hereto (the
"Irrevocable Proxy") granting unto Tisi the right to vote D'Amato's shares of
Common Stock or voting capital stock of the Company for the term provided
hereafter on any matter submitted to a vote or consent by the shareholders of
the Company.
3.2 Specific Performance. Without limiting other applicability of
subsection 5.10 of this Agreement, the specific performance provisions of such
subsection apply to direct and permit a court of competent jurisdiction to
require D'Amato to vote his shares in such a manner as is necessary to carry out
the agreements, restrictions and provisions of this Agreement.
3.3 Legend on Stock. During the term of this Agreement, each
certificate representing shares or Common Stock or capital stock of the Company
now or hereafter owned by D'Amato shall bear the following legend:
"THIS CERTIFICATE IS HELD SUBJECT TO A SHAREHOLDERS' AGREEMENT DATED
JULY 13, 2000 (THE "AGREEMENT"), A COPY OF WHICH IS IN THE POSSESSION
OF THE COMPANY AT ITS PRINCIPAL OFFICE. ANY TRANSFER, HYPOTHECATION,
VOTING OR ACQUISITION OF THE COMPANY'S CAPITAL STOCK IS RESTRICTED BY
SUCH AGREEMENT AND ANY CORPORATE ACTION IN VIOLATION OF SUCH AGREEMENT
IS NULL AND VOID. THE AGREEMENT IS AUTOMATICALLY BINDING UPON ANY AND
ALL PERSONS WHO ACQUIRE CAPITAL FROM THE NAMED HOLDER.
3.4 Transfers. D'Amato acknowledges and agrees that any transferee
receiving shares of Common Stock or capital stock of the Company from D'Amato
shall be required to execute an agreement comparable to or incorporating the
terms and restrictions of this Agreement.
3.5 Issuances of Additional Shares. Any additional shares of Common
Stock or capital stock of the Company acquired or received by D'Amato during the
term of this Agreement shall be subject to the same restrictions as provided
herein and shall be entitled to the same benefits as provided hereby.
SECTION IV
Term and Termination
4.1 Term. The term of this Agreement shall be two (2) years unless
terminated prior thereto as
provided hereafter.
4.2 Termination. This Agreement shall terminate on occurrence on any of
the following events:
(a) the written agreement by D' Amato and Tisi effecting
such termination,
(b) upon sale of substantially all of the assets of the
Company or any merger or consolidation of the Company
in which the Company is not the surviving corporation
or the shareholders of the Company do not constitute
a majority in capital interest of the surviving
corporation,
(c) the consummation of an underwritten public offering
of the Company's securities,
(d) with respect to D' Amato only, upon the sale or
disposition of all of his shares of Common Stock or
capital stock in the Company pursuant to the terms of
this Agreement; provided, however, that any
subsequent acquisition of shares of the Common Stock
or capital stock of D' Amato shall be subject to the
terms and conditions hereof.
4.3 Effective Termination. The termination of this Agreement for any
reason shall not affect any right or remedy existing hereunder prior to the
effective date of termination.
SECTION V
General Provisions
5.1 Binding Agreement. This Agreement shall be binding upon the
respective heirs, legal representatives, personal representatives, assigns,
transferees and successors of each of the parties.
5.2 Amendment. This Agreement can be amended only by a written
instrument signed by all of the then surviving parties and by the personal
representative of the estate of each deceased party still having an interest in
this Agreement.
5.3 Attorneys' Fees. In connection with any litigation arising out of
this Agreement, the prevailing party shall be entitled to recover all costs
incurred, including attorney's fees.
5.4 Construction. Any construction or interpretation pertaining to the
provisions of this Agreement shall be governed by the laws of the State of
Florida. Any and all legal actions as a result of disputes with regard to this
Agreement or enforcement of this Agreement shall be brought in Palm Beach
County, Florida.
5.5 No Waiver. The failure of any party at any time to require
performance by another party of any provision hereof shall not affect in any way
the full right to require such performance at any time thereafter; nor shall the
waiver by any party of a breach of any provision hereof be taken or held to be a
waiver of the provision itself.
5.6 Captions. The headings contained herein are merely, for the
convenience of the parties and the context of such paragraphs shall control the
respective meanings.
5.7 Survival. All representations, warranties, covenants and agreements
of the parties contained in this Agreement, or in any instrument, or other
writing provided for in it, shall survive the execution hereof.
5.8 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
5.9 Notices.
(a) Addresses. All notices, demands or requests provided for or
permitted to be given pursuant to this Agreement must be in writing and shall be
deemed to have been properly given or served by depositing same in the United
States mail, addressed to the Shareholder, postpaid, and registered or
certified, with a return receipt requested at the following address:
D' Amato: Tony D `Amato
P.O. Box 191154
Miami Beach, FL 33119
Tisi Christopher Tisi
3750 Investment Lane, Suite 5
West Palm Beach, FL 33407
The Company 3750 Investment Lane, Suite 5
West Palm Beach, FL 33407
(b) Change of Address. By giving to the other parties at least
15 days written notice thereof D'Amato, Tisi and the Company and their
respective successors and assigns shall have the right from time to time and at
any time during the term of this Agreement to change their respective addresses
and each shall have the right to specify as its address any other address within
the United States.
5.10 Specific Performance. The parties hereby declare that it is
impossible to measure in money the damages which will accrue to a party hereto
or to the personal representatives of a decedent by reason of a failure to
perform any of the obligations under this Agreement. Therefore, if any party
hereof or the personal representatives of D' Amato or Tisi shall institute any
action or proceeding to enforce the provisions hereof, any person against whom
such action or proceeding is brought hereby waives the claim or defense therein
that such party or such personal representatives has or have an adequate remedy
at law, and such person shall not urge in any such action or proceeding the
claim or defense that such remedy at law exists.
IN WITNESS WHEREOF, the parties have executed this Agreement this 13th
day of July, 2000.
/s/Tony D'Amato
----------------------------------
Tony D'Amato
/s/Christopher Tisi
----------------------------------
Christopher Tisi
(Continuation of Signature Page to Purchase Agreement)
HEALTH AND NUTRITION SYSTEMS INTERNATIONAL, INC.
By: /Steven Pomerantz
---------------------------------------
Name:
-------------------------------------
Its: President
--------------------------------------
EXHIBIT A
HEALTH AND NUTRITION SYSTEMS INTERNATIONAL, INC.
IRREVOCABLE PROXY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that TONY D'AMATO, a shareholder of
HEALTH AND NUTRITION SYSTEMS INTERNATIONAL, INC. (the "Corporation"), holding
the number of shares of stock of the Corporation listed below, does hereby
appoint CHRISTOPHER TISI, or his successor in interest, as provided in that
certain Shareholders' Agreement dated as of July 13, 2000 between Tony D' Amato,
Christopher Tisi and the Corporation (the "Agreement"), with full power of
substitution, the true and lawful attorney and proxy of the undersigned for an
in his name, place and stead to attend all meetings of the shareholders of the
Corporation, and to vote or to give his consent in respect to any and all shares
of the capital stock of the Corporation at the time standing in his name, at any
and all meetings of the shareholders or any adjournment, or to express the
consent or dissent of the undersigned without a meeting in respect to any
matters submitted for a vote or consent of the shareholders of the Corporation.
The undersigned hereby affirms that this proxy is coupled with an interest and
is irrevocable, and the undersigned hereby ratifies and confirms all that the
proxy may lawfully do or cause to be done by virtue hereof. The proxy granted
herein shall be subject to the terms and conditions of the Agreement.
IN WITNESS WHEREOF, the undersigned has set his hand this 13th day of
July, 2000.
/s/Tony D'Amato
-----------------------------------
Tony D'Amato
600,000
----------------------------------
No. of Shares
STATE OF FLORIDA )
)ss.:
COUNTY OF )
----------------------------------
The foregoing instrument was acknowledged before me this 13th day of
July, 2000 by TONY D'AMATO.
/s/Melanie Sue Murphy
---------------------------
NOTARY PUBLIC
NOTARY SEAL My Commission Expires: 05/07/2001
---------------------
EXHIBIT 2
HEALTH AND NUTRITION SYSTEMS INTERNATIONAL, INC.
IRREVOCABLE PROXY
-----------------
KNOW ALL MEN BY THESE PRESENTS, that TONY D'AMATO, a shareholder of
HEALTH AND NUTRITION SYSTEMS INTERNATIONAL, INC. (the "Corporation"), holding
the number of shares of stock of the Corporation listed below, does hereby
appoint CHRISTOPHER TISI, or his successor in interest, as provided in that
certain Shareholders' Agreement dated as of July 13, 2000 between Tony D' Amato,
Christopher Tisi and the Corporation (the "Agreement"), with full power of
substitution, the true and lawful attorney and proxy of the undersigned for an
in his name, place and stead to attend all meetings of the shareholders of the
Corporation, and to vote or to give his consent in respect to any and all shares
of the capital stock of the Corporation at the time standing in his name, at any
and all meetings of the shareholders or any adjournment, or to express the
consent or dissent of the undersigned without a meeting in respect to any
matters submitted for a vote or consent of the shareholders of the Corporation.
The undersigned hereby affirms that this proxy is coupled with an interest and
is irrevocable, and the undersigned hereby ratifies and confirms all that the
proxy may lawfully do or cause to be done by virtue hereof. The proxy granted
herein shall be subject to the terms and conditions of the Agreement.
IN WITNESS WHEREOF, the undersigned has set his hand this 13th day of
July, 2000.
/s/Tony D'Amato
-----------------------------------
Tony D'Amato
600,000
----------------------------------
No. of Shares
STATE OF FLORIDA )
)ss.:
COUNTY OF )
----------------------------------
The foregoing instrument was acknowledged before me this 13th day of
July, 2000 by TONY D'AMATO.
/s/Melanie Sue Murphy
--------------------------------------------
NOTARY PUBLIC
NOTARY SEAL My Commission Expires: 05/07/2001
---------------------
EXHIBIT 3
WAIVER
Tony D'Amato, Christopher Tisi ("Mr. Tisi"), and Health and Nutrition
Systems International, Inc. (the "Company") entered into a Shareholders'
Agreement dated July 13, 2000 (the "Agreement"). An Irrevocable Proxy signed by
Tony D'Amato was attached to the Agreement, also dated July 13, 2000 (the
"Proxy").
Mr. D'Amato is the holder of Certificate Number 01237 representing
125,000 shares of the Company's common stock (the "Shares").
Mr. Tisi and the Company hereby waive any and all rights either of them
may have pursuant to the Agreement and the Proxy related to the Shares.
Health & Nutrition Systems International, Inc.
By: /s/Steven Pomerantz Date: January 31,.2001
----------------------------------- -----------------
Steven Pomerantz, CEO
STATE OF FLORIDA )
)ss.:
COUNTY OF PALM BEACH )
The foregoing instrument was acknowledged before me this 31st day of
January in the year 2001 by Steven Pomerantz, Chief Executive Officer, of Health
& Nutrition International. Inc., a Florida corporation, on behalf of the
corporation. He is personally known to me or has produced
_______________________ as identification.
/s/Tracy A. Rogers
---------------------------
NOTARY PUBLIC
Print Name:
---------------------------------
Notary Public, State of Florida
NOTARY SEAL My Commission Expires: January 31, 2001
--------------------
/s/Christopher Tisi Date: January 31,.2001
- ----------------------------------- ----------------------------
Christopher Tisi, Individually
STATE OF FLORIDA )
)ss.:
COUNTY OF PALM BEACH )
The foregoing instrument was acknowledged before me this 31st day of
January in the year 2001 by Christopher Tisi, who is personally known to me or
who has produced __________________________as identification.
/s/Tracy A. Rogers
-----------------------------------------------
NOTARY PUBLIC
Print Name:
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Notary Public, State of Florida
NOTARY SEAL My Commission Expires:
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EXHIBIT 4
JOINT FILING AGREEMENT
Each of the undersigned acknowledges and agrees that the foregoing
statement on Schedule 13D is filed on behalf of the undersigned and that all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of the undersigned without the necessity of filing additional joint filing
agreements.
Each of the undersigned acknowledges that he or it shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the other
reporting persons.
This agreement may be executed in any number of counterparts and all of
such counterparts taken together shall constitute one and the same instrument.
Dated as of this 13th day of February 2001.
/s/Christopher Tisi /s/Steven Pomerantz
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Christopher Tisi Steven Pomerantz
/s/Tony D. Amato /s/Tony Musso
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Tony D'Amato Tony Musso