**Exhibit      10.85**

** **

**SETTLEMENT      **
**AGREEMENT      AND RELEASE**

***Release***
***Effective      Date***
***Buyer***
***Conner***
***Renninger***
***Sellers***
***Seller***
***Parties***
***Party***
**Exhibit A**

**Background**

| A. | Buyer,                The Pension Alliance, Inc., a Pennsylvania corporation (the “***Company***”),                and Sellers are parties to that certain Stock Purchase Agreement,                dated as                of February 28, 2007 (the “***Purchase                Agreement***”),                pursuant to which Buyer acquired the Company from                Sellers. |
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| B. | Through                discussions, the Parties have resolved certain issues between them                with                respect to (a) amounts owed by Buyer to Sellers under                Section 2.3(e) of the Purchase Agreement (the “***Payment***”)                and (b) a dispute regarding the amount of unearned revenues of the                Company as of February 28, 2007, as described in **Annex I**                hereto (the “***Unearned                Revenues***”).                Accordingly, the Parties desire to enter into this Release to fully                and                finally resolve all matters and issues existing between them with                respect                to the Payment and the Unearned                Revenues. |
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**Agreement**

| 1. | Settlement                Amount.                Buyer agrees to pay (or cause to be paid) to Sellers an aggregate                amount                equal to $1,750,000 (in aggregate, the “***Settlement                Amount***”)                consisting of (a) $1,250,000 in cash payable on or before July 31,                2008 (the “***Cash                Payment***”),                and (b) $500,000 payable under two promissory notes (one payable                April 30, 2009 and one payable October 31, 2009), each in the amount                of                $250,000 (subject to adjustment as set forth in **Section 2**                below) and substantially in the form attached hereto as **Exhibit B**                (collectively, the “***Notes***”).                Sellers agree that the Settlement Amount (subject to adjustment as                set                forth in **Section 2**                below) shall be allocated 95% to Conner and 5% to Renninger. In no                event                will Buyer or any Buyer Party have any responsibility or liability                for the                allocation of such amount between Sellers or the distribution of                such                amount between Sellers. Upon payment of the Cash Payment and issuance                of                the Notes, the Parties shall be deemed to have hereby irrevocably                waived                and released their respective Claims to the extent set forth in                **Section 3**                below. |
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| 2. | Adjustment                to Notes.                If Adjusted EBITDA for the Measurement Period is less than $1,500,000,                then the principal amount of the Notes shall decrease pro rata in                an                amount equal to the difference of (A) $1,500,000 minus                (B) such Adjusted EBITDA. |
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| 3. | Mutual                Releases. |
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|   | (a) | In                exchange for the rights and benefits arising under this Release,                and                except for any failure by Buyer to pay the Settlement Amount in accordance                with **Section 1**                above (including payment of the Notes, as may have been adjusted),                each                Seller, on his or her own behalf, and on behalf of his or her heirs,                beneficiaries, legal and personal representatives, successors, assigns,                affiliates and anyone else acting on his or her behalf (collectively,                the                “***Seller                Parties***”)                hereby irrevocably releases and forever discharges Buyer and the                Company                and each of their respective parents, subsidiaries, divisions, affiliates,                predecessors, successors and assigns, and their present and former                directors, officers, shareholders, employees, agents, attorneys,                representatives, successors, beneficiaries, heirs and assigns                (collectively, “***Buyer                Parties***”)                from, and waives and relinquishes, any and all Claims, whether presently                known or unknown, of any kind or nature arising out of, relating                to or                based upon the Payment or the calculation thereof. Each Seller knowingly                grants such release and discharge notwithstanding that he or she                may                hereafter discover facts in addition to, or different from, those                which he                or she now knows or believes to be true, and without regard to the                subsequent discovery or existence of such different or additional                facts,                and each Seller expressly waives any and all rights that he or she                may                have under any statute or common law principle which would limit                the                effect of the foregoing release and discharge to those Claims actually                known or suspected to exist. |
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|   | (b) | In                exchange for the rights and benefits arising under this Release,                and                except for any breach of this Release, Buyer hereby irrevocably releases                and forever discharges Sellers from, and waives and relinquishes,                any and                all Claims, whether presently known or unknown, of any kind or nature                arising out of, relating to or based upon the Unearned Revenues or                the                calculation thereof. Buyer knowingly grants such release and discharge                notwithstanding that it may hereafter discover facts in addition                to, or                different from, those which it now knows or believes to be true,                and                without regard to the subsequent discovery or existence of such different                or additional facts, and Buyer expressly waives any and all rights                that it                may have under any statute or common law principle which would limit                the                effect of the foregoing release and discharge to those Claims actually                known or suspected to exist. |
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| 4. | Lender                Deliveries.                Sellers agree to execute and deliver to Buyer subordination agreements,                certificates and any other documents requested by Buyer’s lenders holding                Senior Indebtedness in connection with this                Release. |
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| 5. | Covenant                Not to Sue; Indemnification.                Each Party agrees that it will not at any time hereafter, directly                or                indirectly, initiate, maintain or prosecute, or in any way knowingly                aid                in the initiation, maintenance or prosecution of any Claim with respect                to                any matter as to which a release has been given by such Party under                **Section 3**                above. If any such Claim is asserted by a Seller Party against a                Buyer                Party, then Sellers shall indemnify and hold harmless such Buyer                Party and                shall reimburse such Buyer Party for any loss, liability, damage                or                expense (including reasonable attorneys’ fees) arising from or in                connection therewith. If any such Claim is asserted by Buyer against                a                Seller Party, then Buyer shall indemnify and hold harmless such Seller                Party and shall reimburse such Seller Party for any loss, liability,                damage or expense (including reasonable attorneys’ fees) arising from or                in connection therewith. |
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| 6. | No                Admission of Liability.                This Release is the result of the mutual desire of the Parties to                compromise and settle certain disputes rather than engage in the                continued, protracted, expensive and time-consuming efforts of collection,                litigation and related activities, where there may be uncertainties                of                liability and recovery. Nothing in this Release shall in any respect                constitute or be construed as (a) an admission of liability on the                part of any Party, or (b) a breach by any Party of the Purchase                Agreement. |
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| 7. | Representations                and Warranties.                Buyer hereby represents and warrants to Sellers, and Sellers, jointly                and                severally, hereby represent and warrant to Buyer, as                follows: |
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|   | (a) | This                Release has been duly executed and delivered by such                Party. |
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|   | (b) | This                Release is enforceable against such Party and its successors and                assigns,                and the performance by such Party of its duties and obligations under                this                Release does not: (i) conflict with any contract or agreement binding                upon such Party or its properties; or (ii) violate or conflict with                any order or decree binding upon such Party or its                properties. |
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|   | (c) | Such                Party has reviewed and fully understands this Release and has been                represented by an attorney of its selection in connection with the                negotiation and execution hereof. |
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| 8. | Governing                Law.                This Release shall be governed, interpreted and enforced in accordance                with the laws of the State of Ohio, without regard to the doctrine                of                conflicts of law. |
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| 9. | Entire                Agreement.                This Release constitutes the entire agreement among the Parties with                respect to the subject matter hereof, and there are no other written                or                oral agreements, understandings or arrangements except as set forth                herein. The terms of this Release may not be modified or waived except                in                writing signed by the Parties. The invalidation of any provision                contained                in this Release shall not affect the validity of any other provision.                The                waiver of a breach of any of the provisions of this Release shall                not                operate or be construed as a waiver of any other provision of this                Release                or a waiver of any subsequent breach of the same                provision. |
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| 10. | Counterparts;                Facsimile Signatures.                This Release may be executed in counterparts, with all signed counterparts                constituting one and the same agreement. Delivery of an executed                signature                page to this Release by facsimile or electronic transmission will                be                effective as delivery of a manually executed counterpart to this                Release. |
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| Buyer:                                             |                                                   | Sellers: |
|----------------------------------------------------|--------------------------------------------------------|----------|
|                                               |                                                   |     |   |
| NATIONAL                  INVESTMENT MANAGERS INC. |                                                   |     |
|                                               |                                                   |     |   |
|                                               |                                                   |     |   |
| By:                                                | /s/                  John M. Davis                |     | /s/                  Renee J. Conner  |
| Name:                                              | John                  M. Davis                         |     | Renee                  J. Conner, individually |
| Title:                                             | President                  and Chief Operating Officer |     |   |
|                                               |                                                   |     |   |
|                                               |                                                   |     | /s/                  William E. Renninger  |
|                                               |                                                   |     | William                  E. Renninger, individually |

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**EXHIBIT      A**

**Defined      Terms**

***Adjusted      EBITDA***

***Buyer***

***Buyer      Parties***
**Section 3(a)**

***Cash      Payment***
**Section 1**

***Claims***

***Closing***

***Company***

***Conner***

***Effective      Date***

***Measurement      Period***

***Notes***
**Section 1**

***Party***
***Parties***

***Payment***

***Purchase      Agreement***

***Release***

***Renninger***

***Seller***
***Sellers***

***Seller      Parties***
**Section 3(a)**

***Senior      Indebtedness***

***Settlement      Amount***
**Section 1**

***Unearned      Revenues***

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**EXHIBIT      B**

**Form      of Notes**

**PROMISSORY      NOTE**

| $250,000 | Columbus,                    Ohio May                    **[__]**,                    2008 |
|----------|--------------------------------------------------------------------------------------------|

***Maker***
***Conner***
***Holders***
**[_________]**
**[___]**
**[_]**

***Event      of Default***

|   | 1. | Application                for, or consent to, the appointment of a receiver, trustee or liquidator                for Maker or of its property; |
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|   | 2. | Admission                in writing of Maker’s inability to pay its debts as they                mature; |
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|   | 3. | Maker                makes any assignment for the benefit of                creditors; |
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|   | 4. | Filing                by Maker of a voluntary petition in bankruptcy seeking liquidation                or                reorganization; |
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|   | 5. | Entering                against Maker of a court order approving a petition filed against                it under                the federal bankruptcy laws, which order shall not have been vacated,                set                aside or otherwise terminated within 60 days of such entry against                Maker;                or |
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|   | 6. | Maker                fails to pay any installment of interest or any other sum payable                in                accordance with this Promissory Note when due, and such failure is                not                cured within 30 days of the Holders notifying Maker in writing of                such                failure. |
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***Senior      Indebtedness***
***indebtedness      of Maker for money borrowed***

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|   | **NATIONAL                INVESTMENT MANAGERS INC.** |
|--------|------------------------------------------------------|
|   |                                                 |   |
|   |                                                 |   |
|   | By:                                                  |        |
|   | Name:                                                |       |
|   | Title:                                               |            |

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**ANNEX I**

**Unearned      Revenues**

| **Sellers’                Method****(as                of February 28, 2007)** |            | **Revised                Method****(as                of February 28, 2007)** |
|--------------------------------------------------------------------------------------|-----------------|-------------------------------------------------------------------------------|
| 2006                Unearned Revenue                                                 | $77,736.68      |                                                                          | 2006                Unearned Revenue | $1,158,788.64 |
| 2007                Unearned Revenue                                                 | $418,623.18     |                                                                          | 2007                Unearned Revenue | $351,864.78 |
| **Total**                                                                            | **$496,359.86** |                                                                          | **Total** | **$1,510,653.42** |

| **Unearned                Revenues Calculation**                  |
|-------------------------------------------------------------------|
| Revised                Method Total Unearned Revenue              | $1,510,653.42 |
| LESS:                Sellers’ Method Total Unearned Revenue | $496,359.86 |
| **Unearned                Revenues**                              | **$1,014,293.56** |

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