Document:

Exhibit 10.3

 

AMENDED AND RESTATED AIRCRAFT LEASE

 

THIS AMENDED AND RESTATED
AIRCRAFT LEASE (this “Lease” or “this “Agreement”) is made and entered into as of the 14th
day of November, 2013, by and between SDD Holdings, Inc. a Georgia corporation (“Lessor”), and Innotrac Corporation,
a Georgia corporation (“Lessee”). This Lease shall be effective upon the Closing (as such term is defined in the Merger
Agreement).

 

WHEREAS, Lessee
and Lessor are parties to that certain Aircraft Lease Agreement dated November 30, 2012 (the “Original Lease”), which
provided for the lease of that certain Pilatus aircraft, aircraft serial number388 registration number N388PC, together with one
(1) engine, model number PT6A-678, serial number PCE-PRO249, and all propellers, radar, equipment, electronics equipment and attachments
(collectively, the “Aircraft”) by Lessor to Lessee.

 

WHEREAS, simultaneous
with the execution and delivery of this Agreement, the Company, Blue Eagle Holdings, L.P. (“Parent”) and Blue
Eagle Acquisition Sub, Inc. (“Purchaser”) are entering into that certain Agreement and Plan of Merger, dated as of
the date hereof (the “Merger Agreement”).

 

WHEREAS, as a condition
and inducement to Parent and Purchaser entering into and incurring their respective obligations under the Merger Agreement, Lessor
and the Company have agreed to amend and restate the Original Lease on the terms set forth herein.

 

WHEREAS, a committee
of independent directors of the board of directors of the Company has approved this Lease as an “employment compensation,
severance or other employee benefit arrangement” pursuant to Rule 14d-10(d)(2) promulgated under the Securities Exchange
Act of 1934.

 

NOW, THEREFORE, for
and in consideration of the mutual premises, covenants and agreements contained herein, the parties hereto agree as follows:

 

1.            TERM;
TERMINATION:

 

(a)          The
term of this Lease shall commence on the Commencement Date and will continue thereafter until August 31, 2022, unless earlier terminated
as hereinafter provided, and shall continue for successive one (1) year periods under the terms and conditions provided herein,
unless written notice to the contrary is given by either party hereto to the other party at least thirty (30) days prior to the
expiration of any such one-year period, unless sooner terminated as hereinafter provided. “Commencement Date” means
the Closing Date (as such term is defined in the Merger Agreement.

 

(b)          Either
Lessor or Lessee may terminate this Lease with or without cause effective upon September 1 of any year during the term by providing
written notice of such termination to the other party at least thirty (30) days prior to such termination date.

 

(c)          Notwithstanding
anything contained herein to the contrary, Lessee shall have the right to terminate this Agreement immediately upon the termination
of Scott Dorfman’s employment with Lessee, howsoever arising.

 

2.            RENT:
The annual rent payable hereunder by Lessee to Lessor shall be $360,000.00, payable in equal monthly installments of $30,000.00
on or before the first day of each calendar month during the term of this Lease. The monthly rental payments shall be paid to Lessor
at Lessor’s address, as provided in Section 15 below, or at such other address as Lessor may designate in writing to Lessee
from time to time. On each anniversary of the Commencement Date, the annual rent (and corresponding monthly installments) shall
increase by 2.5%.

 

    	 

    	 

    

 

3.            RECORDS
AND HOME AIRPORT: Lessee shall maintain accurate aircraft and engine log books and such other records, logs and books as
the Federal Aviation Administration (“FAA”) may from time to time require, showing the full flight time of the Aircraft
and shall keep such logs in the Aircraft and available for inspection by Lessor or its representatives at all reasonable times.
During the term hereof, the Aircraft shall be permanently based at Peachtree-DeKalb Airport (the “Home Airport”), the
cost of which shall be paid by Lessor.

 

4.            MAINTENANCE
AND RETURN

 

(a)          Lessee
shall perform, or cause to be performed, all pre- and post-flight inspections in accordance and as required by the FAA-approved
inspection program for the Aircraft for any flights operated by Lessee. Lessee shall notify Lessor, or cause Lessor to be notified,
of any maintenance requirement, dangerous condition, malfunction or worn part that may be discovered during any such inspection.
Subject to the foregoing, Lessor shall be solely responsible for arranging the performance of all maintenance and inspections of
the Aircraft during the Term, shall ensure that the Aircraft is maintained in an airworthy condition during the Term, and shall
coordinate the performance of and payment for all repairs and maintenance of the Aircraft.

 

(b)          Upon
the expiration of the term hereof, Lessee shall return the Aircraft to Lessor at such reasonable place as may be designated by
Lessor in the same condition as it was when received by Lessee, normal wear and tear excepted. Nothing contained in this Section
4(b) may be interpreted to require Lessee to perform any maintenance or other obligation which is the responsibility of the Lessor
pursuant to Section 4(a) hereof.

 

(c)          In
August of 2012, the engine of the Aircraft had a complete overhaul costing $365,930. Lessee will pay for the full cost of the overhaul
and depreciate the cost over the 10 year life expectancy of the engine. If Lessor terminates this Lease pursuant to Section 1(b)
of this Lease before the end of the lease term or the Lessor continuously fails to provide use to the Lessee over a period of 30
days when the Lessee requires use of the Aircraft, Lessor will promptly pay Lessee the undepreciated cost of the engine overhaul
as of the date of Lessor’s termination of the Lease or failure to provide use of the Aircraft to the Lessee when requested
for a period for 30 days. If the Lessee terminates this Lease pursuant to Section 1(b) or 1(c) of this Lease before the end of
the lease term or Lessee defaults under the Lease as provided under Section 9, Lessor will not be obligated to pay Lessee the amount
of undepreciated engine overhaul cost existing at the time of the default or termination of the Lease by the Lessee.

 

5.            WARRANTY:
Lessee hereby acknowledges receipt of the Aircraft and represents that the Aircraft
has been examined and tested by Lessee. LESSOR MAKES NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, WITH RESPECT TO THE
AIRCRAFT, AND EXPRESSLY EXCLUDES, AND LESSEE ACKNOWLEDGES THE EXCLUSION OF, ANY AND ALL WARRANTIES OR REPRESENTATIONS, WHETHER.
OF MERCHANTABILITY, FITNESS FOR USE OR OTHERWISE.

 

6.            INSURANCE:

 

(a)          Lessee,
at its sole cost and expense, shall procure and maintain in effect
during the term hereof a satisfactory policy or policies of insurance with insurers satisfactory to Lessor providing full hull
coverage of the Aircraft for the benefit of Lessor including all risk and foreign object damage, both in flight and not in flight,
whether in possession of Lessee or Lessor, in an amount equal to at least the replacement value of the Aircraft, but in no event
less than $2,500,000. The proceeds of such coverage shall be payable to Lessor. Said policy shall contain a waiver of subrogation
clause in favor of all additional named insureds.

 

    	2

    	 

    

 

(b)          Lessee,
at its sole cost and expense, shall procure and maintain in effect during the term hereof a satisfactory policy or policies of
insurance with insurers satisfactory to Lessor providing bodily injury and property damage, liability insurance in an amount no
less than $150,000,000, Combined Single Limit for the benefit of itself and Lessor in connection with the, possession use or operation
of the Aircraft. Said policy shall be an occurrence policy and shall include Lessor as an operator and an additional named insured.

 

(c)          Lessee
shall deliver to Lessor a copy or copies of the policy or policies by which the foregoing coverage shall have been procured or
a certificate of the carrier or other evidence satisfactory to Lessor that such insurance coverage is in effect; provided, however,
that Lessor shall be under no duty either to ascertain the existence of, or to examine, such insurance, or to advise Lessee in
the event such insurance shall not comply with the requirements hereof Lessor shall have the right to approve the policy or policies
effecting such insurance, but shall have no duty to do so. In the event of failure on the part of Lessee to provide insurance as
aforesaid, Lessor may, at its option, procure such insurance and the cost thereof shall be payable to Lessor by Lessee upon demand.

 

(d)          The
policy or policies affecting the coverage required by this Section 6 shall expressly provide that the interests of Lessor thereunder
shall not be affected by any breach by Lessee of any policy provision, and that such policy or policies shall be cancelable only
upon at least thirty (30) days’ prior written notice to Lessor. Every such policy shall contain a mortgagee endorsement in
usual form in favor of any party having a security interest in the Aircraft.

 

7.            LOSS
OR DAMAGE TO OR TAKING OF AIRCRAFT: Lessor shall bear all risks of loss
or damage to the Aircraft and of the taking, confiscation or requisition
(of use or title) thereof by any governmental authority during the term hereof, provided, however,  that if loss or damage
is caused by the gross negligence of Lessee while Lessee is in possession of the Aircraft, then Lessee shall bear such loss or
damage. In the event of loss or damage to the Aircraft while not in Lessor’s possession, or the taking of the Aircraft, Lessee
shall immediately report such loss or damage or taking to Lessor, to the carrier or carriers of all insurance thereon, and, as
required by law, to governmental agencies, and shall furnish such information, execute such documents and do any and all other
acts and things necessary to facilitate the collection of the proceeds of any insurance policy or policies thereon, or awards for
such taking. In the event of such loss, damage or taking, the rights, liabilities and obligations of the parties hereto shall be
as follows:

 

(a)       In
the event that the Aircraft is lost or taken or is damaged beyond repair and the proceeds of any applicable insurance policy or
policies are payable as a result thereof, or awards for such taking, shall be less than $100,000, then Lessee shall pay to Lessor
an additional sum equal to the remainder after subtracting the amount of such proceeds or awards so payable from $100,000. Upon
the receipt by Lessor of all monies due under this subsection (a) in the event of such loss, damage or taking, this Lease shall
terminate.

 

(b)       In
the event that the Aircraft is partially damaged, then this Lease shall remain in full force and effect, and Lessor shall, at its
cost and expense, and in a timely manner, fully repair and restore the Aircraft to its condition prior to the occurrence of such
damage, and this Lease shall thereupon continue in full force and effect. Such repair and, restoration shall be effected only in
accordance with plans and specifications approved in advance in writing by Lessor. Upon the completion of such repair and restoration,
Lessee shall reimburse Lessor for the costs thereof to the extent of any proceeds of insurance received by Lessee and covering
such damage, such reimbursement to be contingent upon the execution by Lessor of all documents and the doing by Lessor of any and
all other acts and things reasonably required for recovery of such insurance proceeds.

 

    	3

    	 

    

 

8.            USAGE,
FEES AND LIENS:

 

(a)          Non-Exclusivity.
  Lessee and Lessor acknowledge that the Aircraft is leased to Lessee on a non-exclusive basis, and that the Aircraft shall, at other
times, be operated by Lessor and may be otherwise subject to lease to others during the term of this Agreement at Lessor’s
sole discretion. During any period during which the Lessor or any other person or entity is utilizing the Aircraft, Lessee’s
leasehold rights to possession of the Aircraft under this Agreement shall temporarily abate, but all other provisions of this Agreement
shall nevertheless continue in full force and effect.

 

(b)          Lessor
and Lessee agree that Lessor may lease the Aircraft to one or more other lessees during the Term on a non-exclusive basis, that
Lessor has the absolute right to determine the availability of the Aircraft for Lessee and that Lessor’s use of the Aircraft
shall have priority over the availability of the Aircraft for lease to Lessee or any other party. Lessor shall advise Lessee of
the individual or entity that will coordinate the scheduling of the Aircraft.

 

(c)          Operational
Control.   THE PARTIES EXPRESSLY AGREE THAT LESSEE SHALL AT ALL TIMES WHILE THE AIRCRAFT IS IN ITS POSSESSION DURING THE TERM
MAINTAIN OPERATIONAL CONTROL OF THE AIRCRAFT, AND THAT THE INTENT OF THE PARTIES IS THAT THIS AGREEMENT CONSTITUTE A “DRY”
OPERATING LEASE. Lessee shall exercise exclusive authority over initiating, conducting, or terminating any flight conducted pursuant
to this Agreement, and the Flight Crew (as defined herein) shall be under the exclusive command and control of Lessee in all phases
of such flights.

 

(d)          Authority
of Pilot in Command.    Notwithstanding that Lessee shall have operational control of the Aircraft during any flight conducted
pursuant to this Agreement, Lessor and Lessee expressly agree that the Pilot in Command, as defined in Section 1.1 of the Federal
Aviation Regulations, retained by Lessee, in his or her sole discretion, may terminate any flight, refuse to commence any flight,
or take any other flight-related action which in the judgment of the Pilot in Command is necessitated by considerations of safety.
The Pilot in Command shall have final and complete authority to postpone or cancel any flight for any reason or condition which
in his or her judgment would compromise the safety of the flight.

 

(e)        Use and Operation.
   Except as otherwise expressly provided herein, Lessee shall be solely and exclusively responsible for the use, operation and control
of the Aircraft while in its possession during the term of this Agreement. Lessee shall operate the Aircraft in accordance with
the provisions of Part 91 of the FARs and shall not operate the Aircraft in commercial service, as a common carrier, or otherwise
on a compensatory or “for hire” basis except to the limited extent permitted under Subpart F of Part 91 of the FARs,
if applicable. Lessee shall not, without prior written consent of Lessor,
(i) sublease the Aircraft, (ii) enter into “time sharing agreements” or “interchange agreements” (as respectively
defined In Sections 91.501(c)(1) and (2) of the FAA Regulations, 14 C.F.R. §91,501(c)(1) and (2), nor (iii) use the Aircraft
for the purpose of “commuter” or “on-demand” operations (as respectively defined in Sections 119.3 of the
FAA Regulations, 14 C.F.R. § 119.3). Lessee shall not use the Aircraft in any manner which shall violate any provision of
any policy of insurance thereon, or any law or regulation of any governmental authority, including but not limited to, the FAA,
and any fine, penalty or forfeiture, whether resulting from any such violation or otherwise, shall be the sole responsibility of
Lessee. 

 

    	4

    	 

    

 

(f)
       Operating Costs.   Lessor shall pay certain fixed and variable costs of operating the Aircraft as provided herein,
including, without limitation, hangarage at the Home Airport, maintenance and inspections, overhauls, oil, and other lubricants.
The foregoing notwithstanding, Lessee shall, at its own expense, (i) pay costs of fuel and oil required for operation of Lessee’s
flights, (ii) pay standard catering costs, (iii) locate and retain (either through direct employment or contracting with an independent
contractor for flight services) all pilots and other cabin personnel (including mechanic) required for Lessee's operations of the
Aircraft (collectively the "Flight Crew"), and (iv) pay all miscellaneous out-of-pocket expenses incurred in connection
with Lessee's operation of the Aircraft, including, but not limited to, landing fees, ramp fees, overnight hangar fees, de-icing
costs, contaminant recovery costs, special-request catering and commissary costs, in-flight entertainment and telecommunications
charges, ground transportation, Flight Crew travel expenses, charts, manuals, and other publications obtained for the specific
flight, and any other similar items.         

 

(g)
       Flight Crew.   All members of the Flight Crew shall be fully
competent and experienced, duly licensed, and qualified in accordance with the requirements of applicable law and all
insurance policies covering the Aircraft. All members of the Flight Crew who are pilots shall be fully trained in accordance
with an FAA-approved training program, including initial and recurrent training and, where appropriate, contractor-provided
simulator training.

 

(h)        Lessee shall pay
when due all license fees and other fees and assessments necessary for the securing of all licenses, certificates of title and
other permits required for the operation of the Aircraft. Lessee shall have no right to consent to any lien or liens on the Aircraft.
Any liens (other than liens expressly permitted hereby or liens incurred by Lessor) shall be discharged at the sole cost and expense
of Lessee, who shall indemnify and save Lessor harmless against any such lien or liens.

 

9.            DEFAULT:
Time is of the essence of this Lease. The following shall constitute an event of default by Lessee hereunder and shall give rise
to the rights on the part of Lessor described in Section 10 hereof: failure to pay any rent due hereunder within 30 days
of becoming due or failure to make any other payment hereunder; material failure by Lessee to perform any other obligation or covenant
of under this Lease; the making of a general assignment for the benefit of creditors by Lessee; the suspension of business or the
commission by Lessee of any act amounting to a business failure; any change in, or termination of, Lessee’s corporate existence
(except a merger, consolidation or reorganization in which the obligations of Lessee are assumed by the surviving corporation);
the filing of a lien against Lessee that burdens the Aircraft, or Lessee’s interest in the Aircraft; or the institution of
bankruptcy, reorganization, liquidation, receivership or similar proceedings by or against Lessee and, if instituted against Lessee,
its consent thereto or the failure to cause such proceedings to be discharged or stayed within thirty (30) days thereafter.

 

10.         RIGHTS
OF LESSOR UPON DEFAULT OF LESSEE: Upon the occurrence of any of the events of default described in Section 9 hereof
Lessor may, in its discretion, do anyone or more of the following:

 

(a)   Whether
or not the term of this Lease is terminated, take immediate possession of the Aircraft, wherever situated, and for such purpose
enter upon any premises without liability for so doing. Lessor shall hold the Aircraft so repossessed free and clear of this Lease
and of any of the rights of Lessee hereunder.

 

(b) Whether or not
action has been taken under subsection (a) or (b) next above, sell, dispose of, hold, use or lease the Aircraft as Lessor, in its
sole discretion, may decide, without any duty to account to Lessee with respect to such action or any proceeds thereof.

 

    	5

    	 

    

 

After default, Lessee
shall be liable for, and Lessor may recover from Lessee, (i) all unpaid rent to the date of such delivery or repossession, (n)
all other sums payable by Lessee pursuant to the provisions of this Lease, (iii) all other losses and damages sustained by Lessor
by reason of such default, and (iv) all costs and expenses incurred by Lessor by reason of such default.

 

11.         PREVENTION
OF DEFAULT:   Any provision of this Lease to the contrary notwithstanding, Lessor shall exercise no right upon default by
Lessee of other than a monetary default until ten (10) days after the giving of notice by Lessor to Lessee of such default and
the failure of Lessee to cure such default prior to the expiration of such 10-day period.

 

12.         INDEMNITY:
Lessee shall indemnify and hold Lessor harmless from and against any and all claims, demands, liabilities, losses, damages or injuries
of whatever kind and nature (including attorneys’ fees), however caused, resulting directly or indirectly from or pertaining
to Lessee’s possession, use, operation, maintenance or condition of the Aircraft. The foregoing indemnity shall not be affected
by any termination of this Lease.

 

13.         TAXES:
Lessee agrees to pay, and to indemnify and hold Lessor harmless from, all license and registration fees and all taxes, including
without limitation, income, withholding, franchise, sales, use, ad valorem, value added, personal property,. stamp or other taxes,
levies, imposts, duties, charges or withholdings of any nature (together with any penalties, fines or interest thereon) imposed
against any such party or the Aircraft by any federal, state or local government or taxing authority in the United States or by
any foreign government or any subdivision thereof upon or with respect to the Aircraft (excluding, however, federal, state and
local taxes on, or measured by, the net income of Lessor) unless, and to the extent only, that any such tax, levy, impost, duty,
charge or withholding is being contested by Lessee in good faith and by appropriate proceedings so long as such proceedings do
not involve any danger of the sale, forfeiture or loss of the Aircraft or any interest therein. In case any report or return is
required to be made with respect to any obligation under this Section 13, Lessee will either (after notice to Lessor) make such
report or return in such manner as will show the ownership of the Aircraft in Lessor and send a copy of such report or return to
Lessor or will notify Lessor of such requirement and make such report or return in such manner as shall be satisfactory to Lessor.
All amounts payable to Lessor by Lessee pursuant to this Section 13 shall be payable on written demand by Lessor. All of the indemnities
contained in this Section 13 shall continue in full force and effect
notwithstanding the expiration or other termination of this Lease and are expressly made for the benefit of, and shall be enforceable
by, Lessor, its successors and assigns.

 

14.         MISCELLANEOUS:

 

(a)          Inspection.
Lessor shall have the right to inspect the Aircraft at any time upon 24 hours prior notice.

 

(b)          Late
Payments. Lessee shall pay to Lessor interest at the rate of fifteen percent (15%) per annum, or the maximum amount permitted
by applicable law, whichever is lesser, on all sums not paid by Lessee to Lessor when due and owing under any provision of this
Lease from the date of delinquency until paid.

 

(c)          Rights
and Remedies. Lessor’s rights and remedies in respect of any of the terms and conditions of this Lease shall be cumulative
and not exclusive, and shall be in addition to all other rights and remedies in its favor.

 

    	6

    	 

    

 

(d)          Non-waiver.
 No party hereto shall, by act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder unless
such waiver is in writing and signed by the waiving party. A waiver by either party of any of its rights or remedies hereunder
shall not be construed as a waiver of any succeeding breach or default in the same or any other term or condition hereof.

 

(e)          Modifications
in Writing. Any change or modification to this Lease must be in writing and must be executed by the party against whom such
amendment is sought to be enforced.

 

(f)          Entire
Agreement. This Lease supersedes all prior agreements, oral or written, and all other communications regarding the subject
matter hereof.

 

(g)          Headings.
The headings used herein are for reference and convenience only and shall not enter into the interpretation hereof.

 

(h)          Governing
Law. The validity, construction and performance of this Lease shall be governed by the laws of the State of Georgia, exclusive
of choice of law provisions.

 

(i)          Severability.
If any provision of this Lease is held by a court of competent jurisdiction to be unenforceable, the remaining provisions of this
Lease will remain in full force and effect.

 

(j)          Survival.
All amounts due hereunder, together with Sections 5, 10, 11 and 13 shall survive the expiration or termination of this Lease
for any reason.

 

(k)          Accession.
  All equipment, engines, radios, accessories, instruments and parts now or hereafter used in connection with the Aircraft
shall become part of the Aircraft by accession.

 

(l)          Counterparts.
  This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered
shall be an original, but all such counterparts shall together constitute but one and the same instrument.

 

15.        NOTICE:
If, under this Lease, one party is required to give notice to the other, such notice shall be deemed given if sent by certified
or registered mail, national overnight courier, or telecopy, provided it is properly addressed or directed, to the intended recipient
at recipient’s address or telecopy number set forth below:

 

	 	To Lessor:	 
	 	 	 
	 	SDD Holdings, Inc. 	 
	 	c/o Innotrac Corporation	 
	 	6465 East Johns Crossing, Suite 400	 
	 	Johns Crossing, GA 30097	 
	 	Attention: Scott Dorfman	 
	 	Facsimile: (678) 584-8949	 
	 	 	 
	 	To Lessee:	 
	 	c/o Innotrac Corporation	 
	 	6465 East Johns Crossing, Suite 400	 
	 	Johns Crossing, GA 30097	 
	 	Attention: Chief Financial Officer	 
	 	Facsimile:  (678) 584-8949	 

  

    	7

    	 

    

 

Any such notice or communication
will be deemed to have been duly given immediately if given or made in person or by telecopy (confirmed by the recipient), or one
day after delivery by national courier, or three days after mailing (if given or made by mail), and in proving same it will be
sufficient to show that the envelope containing the same was delivered to the delivery or postal service and duly addressed, or
that receipt of a facsimile was confirmed by the recipient as provided above. Any party entitled to notice may change the address
or facsimile number to which notices or other communications to such party will be delivered, mailed or transmitted by giving notice
thereof to the parties hereto in the manner provided in this section.

 

16.         COMPLIANCE
WITH FAA REGULATIONS SECTION 91.25: Lessee covenants that, in compliance with Section 91.25 of the FAA Regulations (14
C.F.R § 91.25), Lessee shall:

 

(a.)         mail a copy of this
Lease to:

 

Aircraft Registration Branch

P.O. Box 25724

Oklahoma City, OK 73125

 

(b)          carry
a copy of the Lease in the Aircraft, and the copy shall be available to the Federal Aviation Administrator or any person to whom
he has delegated his authority in the matter concerned; and

 

(c)          at
least 48 hours prior to the first flight of the Aircraft under this Lease, notify (by telephone or in person) the FAA Flight Standards
Office nearest the airport where such flight will originate to inform the FAA of (i) the location of the airport of departure,
(ii) the departure time, and (iii) the registration number of the Aircraft.

 

17.         TRUTH
IN LEASING STATEMENT: In compliance with Section 91.23 of the FAA Regulations (14 C.F.R. § 91.23) the parties hereby
acknowledge and agree as follows:

 

(a)          The
Aircraft has been maintained and inspected under Chapter I of the Federal Aviation Administration’s Regulations (14 C.F.R.
§ 1.1 et seq.) within the 12 month period immediately preceding the date of the execution of this Lease. Lessee certifies
that operations of the Aircraft under this Lease will comply with the applicable maintenance and inspection requirements of Part
91 of the Federal Aviation Administration’s Regulations.

 

(b)          Lessee
shall be responsible for the operational control of the aircraft under this Lease and any extension hereof. Lessee certifies that
it understands its responsibilities for compliance with applicable Federal Aviation Regulations.

 

Name: Innotrac Corporation

 

Address: 6465 East Johns Crossing,
Suite 400, Johns Creek, GA 30097

 

Lessor certifies that
it understands its responsibilities for Compliance with applicable Federal Aviation Regulations.

 

Name: SDD Holdings, Inc.

 

Address: c/o Innotrac Corporation,
6465 East Johns Crossing, Suite 400, Johns Creek, GA 30097

 

    	8

    	 

    

 

(c)          An
explanation of factors bearing on operational control and pertinent Federal Aviation Regulations can be obtained from the nearest
FAA Flight Standards district office.

 

18.         TERMINATION
OF ORIGINAL LEASE:   Upon the Commencement Date, the Original Lease shall be terminated in its entirety and shall be of no
further force and effect. In the event that the Merger Agreement is terminated, this Lease shall automatically terminate
and be of no effect and the Original Lease will remain in full force and effect.

 

[SIGNATURES APPEAR ON
FOLLOWING PAGE]

 

    	9

    	 

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Amended and Restated Lease as of the day and year first above written.

 

	 	SDD Holdings, Inc.
	 	 
	 	By:	/s/ Scott Dorfman
	 	Name:   Scott Dorfman
	 	Title:  President
	 	 
	 	Innotrac Corporation
	 	 
	 	By: 	/s/ Stephen Keaveney
	 	Name:  Stephen Keaveney
	 	Title:  Chief Financial OfficerExhibit 10.4

 

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

 

This AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (the “Agreement”) is made as of November 14, 2013 (but effective as of the
Commencement Date, as defined below), by and between Innotrac Corporation, a Georgia corporation (the “Company”),
and Scott D. Dorfman (“Executive”).

 

RECITALS

 

A.          The
Company and Executive are party to that certain Employment Agreement, dated as of April 16, 2007 (the “Existing Employment
Agreement”).

 

B.           Immediately
following the execution and delivery of this Agreement, the Company, Blue Eagle Holdings, L.P., a Delaware limited partnership
(“Parent”), and Blue Eagle Acquisition Sub, Inc., a Georgia corporation and wholly owned subsidiary
of Parent (“Purchaser”), will enter into that certain Agreement and Plan of Merger, dated as of the
date hereof (the “Merger Agreement”).

 

C.           On
the terms and subject to the conditions set forth in the Merger Agreement, (i) Purchaser will commence a tender offer to purchase
(the “Offer”) all of the issued and outstanding shares of common stock of the Company, par value $0.10
per share (the “Common Stock”), at an offer price equal to the Offer Price (as defined in the Merger
Agreement) payable to the seller in cash, without interest, subject to withholding of taxes required by applicable Law and (ii)
following the consummation of the Offer and at the Effective Time (as defined in the Merger Agreement), Purchaser will merge with
and into the Company (the “Merger”), with the Company continuing as the surviving corporation, whereby
each issued and outstanding share of Common Stock (other than Excluded Shares (as defined in the Merger Agreement)) will be converted
into the right to receive the Common Merger Consideration (as defined in the Merger Agreement) payable to the seller in cash,
without interest, subject to withholding of taxes required by applicable Law.

 

D.           Simultaneous
with the execution and delivery of this Agreement, the Company is entering into employment agreements (the “Other
Employment Agreements”) with certain other executives of the Company (the “Other Executives”).

 

E.           As
a condition and inducement to Parent and Purchaser entering into and incurring their respective obligations under the Merger Agreement,
Executive and the Company have agreed to amend and restate the Existing Employment Agreement on the terms set forth herein.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements set forth below, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows:

 

ARTICLE
I

EMPLOYMENT SERVICES

 

1.1         Term
of Employment. Executive’s employment under this Agreement shall commence and be effective at the Effective Time (the
“Commencement Date”) and continue until terminated pursuant to Article III below (the “Employment
Term”). This Agreement shall terminate automatically and will be of no force
or effect upon any termination of the Merger Agreement in accordance with its terms prior to the occurrence of the Effective Time.

 

    	1

    	 

    

 

1.2          Title
and Position.  During the Employment Term, Executive shall hold the position of Chief Executive Officer of the
Company, and in performing his duties hereunder, shall report directly to the Board of Directors of the Company (the “Board”).
Executive shall also serve as a member of the Board during the Employment Term. Executive’s responsibilities shall include
such duties as are commensurate with Executive’s position and as may be assigned to Executive in good faith by the Board.

 

1.3          Activities
and Duties During Employment.

 

(a)          Executive
shall conduct himself, both professionally and personally, with due regard to public conventions and morals, and in a manner that
will not have a materially adverse effect on the business reputation of the Company or Executive. Executive shall devote Executive’s
full business time, attention, skill and energy to the business and affairs of the Company and its subsidiaries, and shall use
Executive’s reasonable best efforts to faithfully perform Executive’s responsibilities in a diligent, trustworthy,
efficient and businesslike manner so as to advance the best interests of the Company. Notwithstanding the foregoing, Executive
shall be permitted to devote a reasonable amount of time and effort to (i) serving on governing boards of or otherwise assisting
civic and charitable organizations, and (ii) investing and managing personal and family investments, but only to the extent that
activities described in clauses (i) or (ii), individually or as a whole, do not (A) involve Executive’s active participation
in the management of any corporation, partnership or other business entity, (B) involve an ownership interest in any customer
or vendor of the Company (other than through the passive ownership of less than one percent (1%) of the publicly traded shares
of any entity) unless approved in advance by written resolution of the Board, (C) interfere with the Executive’s duties
to the Company in any material respect, or (D) otherwise violate any provision of this Agreement in any material respect. Executive
shall not have any ownership interest in any customer or vendor of Parent, the Company or any of their subsidiaries (other than
through the passive ownership of less than one percent (1%) of the publicly traded shares of any entity) unless approved in advance
by written resolution of the Board.

 

(b)          Executive
shall comply in all material respects with all applicable laws, and all written policies, rules and regulations of the Company,
including without limitation codes of conduct and any charter of the Board or any compensation committee of the Board (the “Committee”),
as applicable.

 

ARTICLE
II

COMPENSATION

 

2.1          Base
Salary.   During the Employment Term, Executive shall receive an initial annual base salary of $426,950 (“Base
Salary”), less applicable withholdings, payable in accordance with the general payroll practices of the Company
(but no less infrequently than in equal monthly installments). The Base Salary will be reviewed by the Board or the Committee
or its designee at least annually for increase (but not for decrease, except to the extent permitted under Section 3.2(c)(iii)(3)).
As so adjusted, the Base Salary shall thereafter be Executive’s “Base Salary” for all purposes under this Agreement.

 

    	2

    	 

    

 

2.2          Incentive
Bonus.

 

(a)          The
Company shall establish a performance-based bonus plan (the “Plan”) pursuant to which Executive shall
be eligible to receive an annual incentive bonus (the “Annual Bonus”) with respect to
each fiscal year of Company (“Fiscal Year”) ending during the Employment Term, subject to the achievement
of financial performance objectives and “management by objective” goals as previously established by the Board in
consultation with Executive, which objectives shall be reasonably related to the Company’s business objectives. The Board
or the Committee shall administer the Plan, and shall have the sole discretion to determine if the goals have been attained and
what percentage of Base Salary, if any, will be paid as an Annual Bonus; provided any such determinations are made reasonably
and in good faith. To the extent the goals are financial in nature, the Board shall base its determination on the audit, review
or compilation of the Company’s financial results submitted by the Company’s independent accountants, which determination
shall be made within thirty (30) days of receipt by the Company of such audit, review or compilation (the date on which the Committee
makes such determination, the “Bonus Determination Date”). Executive acknowledges that (i) no Annual
Bonus shall be earned or accrued until the corresponding Bonus Determination Date and (ii) in order to receive an Annual Bonus
with respect to a Fiscal Year, Executive must remain continuously employed by the Company through and including the first day
of the Fiscal Year following the Fiscal Year to which such Annual Bonus relates and provided that Executive’s employment
with the Company is not terminated by the Company for Cause prior to the Bonus Determination Date. The Annual Bonus shall be paid
as soon as practicable after the Bonus Determination Date, but in no event later than December 31 of the Fiscal Year following
the Fiscal Year for which the Annual Bonus relates. With respect to the Company’s 2013 Fiscal Year, Executive will be entitled
to a Bonus under the Company’s 2013 Executive Bonus Plan (the “2013 Bonus”), which shall be paid
as soon as practicable after the thirtieth (30th) day following receipt by the Board of the Company’s audit for
the 2013 Fiscal Year, but in no event later than December 31, 2014. Executive acknowledges that (x) the 2013 Bonus shall not be
earned or accrued until the thirtieth (30th) day following receipt by the Board of the Company’s audit for the
2013 Fiscal Year (the “2013 Bonus Determination Date”) and (y) in order to receive the 2013 Bonus, Executive
must remain continuously employed by the Company through and including the first day of the Fiscal Year following the 2013 Fiscal
Year and provided that Executive’s employment with the Company is not terminated by the Company for Cause prior to the 2013
Bonus Determination Date.

 

(b)          Should
the Board determine that an Annual Bonus to Executive was based on an audit, review or compilation that is later found to be materially
misstated or inaccurate in any material respect, the Board shall have the right to require Executive to remit to the Company any
excess bonus amount paid as a result of such materially misstated or inaccurate audit, review or compilation (an “Excess
Bonus Amount”). Executive shall remit the Excess Bonus Amount to the Company within 30 days after receiving written
notice (an “Excess Bonus Notice”) from the Board describing the reason for overpayment and the Excess
Bonus Amount due from Executive. Notwithstanding the foregoing, if an Excess Bonus Notice is first given at any time after the
second anniversary of the date on which the corresponding Excess Bonus Amount was paid to Executive by the Company, and the determination
of such Excess Bonus Amount does not, in any respect, relate to, or arise from, any acts or omissions in financial reporting or
accounting practices that occurred at the direction, or with the knowledge, of Executive, then the Company’s right to recover
such Excess Bonus Amount thereafter shall only be accomplished through the exercise of its right of offset in Section 6.8 (and
subject to the limitations therein).

 

2.3          Reimbursement
of Expenses; Fringe Benefits.  The Company shall reimburse Executive for all reasonable expenses incurred by Executive
while performing Executive’s duties under this Agreement, subject to the Company’s policies in effect from time to
time and corroborating documentation reasonably satisfactory to the Company. During the Employment Term, Executive shall also
be entitled to receive reimbursement for payment of dues in the amount of $1,000 annually for membership in a business dining
club in Atlanta, Georgia. During the Employment Term, the Company shall, at Company’s expense, provide Executive with use
of a leased automobile comparable to the vehicle leased by the Company for Executive’s use as of the date hereof. The cost
of all insurance, fuel, and repairs and maintenance for such vehicle shall be paid by the Company during the Employment Term.

 

    	3

    	 

    

 

2.4          Health
Care and Benefit Plans.   During the Employment Term, Executive shall be eligible to receive all fringe benefits and perquisites
and entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally
to other senior-level executives of the Company and shall be eligible for participation in, and shall receive all benefits under,
any health or welfare benefit plans, practices, policies and programs provided by the Company normally available to other senior-level
executives of the Company (subject to all applicable eligibility and contribution policies and rules), as may be in effect from
time to time, including such insurance programs as may be implemented by the Company (“Benefit Plans”).

 

2.5          Key
Man Insurance.   Executive shall make application for, and submit to such examinations as may reasonably be requested by
the Board in order to obtain key man or other insurance on the life of Executive for the benefit of the Company as the Board shall
direct, the cost of which insurance shall be borne by the Company.

 

2.6          Vacation.
 Executive shall receive four (4) weeks of paid vacation days per calendar year, to accrue pro rata on a monthly basis and to be
administered in accordance with the Company’s policies and procedures (provided, however, that such policies shall not enhance
Executive’s number of vacation days or otherwise conflict with this Section 2.6). Such vacation may be taken,
in Executive’s discretion, subject to the reasonable business needs of the Company. Vacation time may not be carried over
from one calendar year to the next, but rather must be used in the calendar year in which it is earned.

 

2.7          Aircraft
Lease.  On the date hereof, the Company has entered an Amended and Restated Aircraft Lease in the form attached hereto
as Exhibit A (the “Aircraft Lease”) with SDD Holdings, Inc., an Affiliate of Executive, which
shall become effective on the Commencement Date and the Company and Executive shall keep in force during the Employment Term.

 

2.8          Amended
and Restated Limited Partnership Agreement.  All Exchange Units (as such term is defined in the Contribution and Support
Agreement, dated as of even date herewith, between Executive and Parent) owned by Executive shall be subject to the terms and
conditions of the Amended and Restated Limited Partnership Agreement of Parent (the “Partnership Agreement”).

 

ARTICLE
III

TERMINATION OF EMPLOYMENT

 

3.1          Employment
At Will.   Executive’s employment by the Company is at-will, and either Executive or the Company may terminate Executive’s
employment with the Company (the effective date of separation being the “Termination Date”), subject
to the following:

 

(a)          The
Company may terminate Executive’s employment at any time with Cause by giving written notice of such termination to Executive
designating an immediate or future termination date.

 

(b)          Executive
may terminate Executive’s employment for Good Reason or without Good Reason by giving the Company thirty (30) days prior
written notice of termination. Upon such notice, the Company may, at its option, (i) make Executive’s termination effective
immediately, (ii) require Executive to continue to perform Executive’s duties hereunder during such 30-day period, with
or without restrictions on Executive’s activities, and/or (iii) accept Executive’s notice of termination as Executive’s
resignation from the Company at any time during such 30-day period on behalf of the Company. If the Company elects (i) above,
the Company shall have no obligation to provide Executive any compensation or benefits beyond the Termination Date except for
payment of Executive’s Base Salary under Section 2.1 and benefits under Section 2.4 that have accrued through
the Termination Date, any severance payments or benefits under Section 3.2, or as otherwise required by law. If the Company
elects (ii) or (iii) above, the Company shall pay Executive’s Base Salary under Section 2.1 and benefits under Section
2.4 through the date on which Executive voluntarily ceases to perform services for the Company, in addition to payment of
any severance payments or benefits to Executive under Section 3.2.

 

    	4

    	 

    

 

(c)          Executive’s
employment will terminate immediately without any notice upon Executive’s death. If the Company determines in good faith
that Executive is Disabled or Incapacitated during the Employment Term (pursuant to the definition of Disabled or Incapacitated
set forth below), the Company may give Executive written notice in accordance with Section 3(d) of its intention to terminate
Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th
day after receipt of such notice by Executive (the “Disability Effective Date”); provided that
within the 30-day period after such receipt, Executive shall not have returned to full time performance of Executive’s duties.
For purposes of this Agreement, “Disabled or Incapacitated” means Executive’s inability or failure,
due to a medically determinable physical or mental impairment, to substantially perform the essential functions of Executive’s
job, with or without a reasonable accommodation, for thirty (30) consecutive calendar days or for ninety (90) calendar days during
any twelve (12)-month period irrespective of whether such days are consecutive. Whether Executive is “Disabled or Incapacitated”
shall be determined by a physician selected by the Company or its insurers, which physician is reasonably acceptable to Executive.
Upon request, Executive shall provide the Board with documentation from Executive’s health care provider sufficient for
the Board to determine the nature and extent of any physical or mental impairment that may interfere with Executive’s performance
of Executive’s job duties, as well as any accommodations that could be made. If Executive’s employment is terminated
pursuant to this Section 3.1(c), the Company shall have no obligation to provide Executive any compensation or benefits
beyond the Termination Date except for payment of Executive’s Base Salary under Section 2.1 and benefits under Section
2.4 that have accrued through the Termination Date or as otherwise required by law.

 

(d)          Any
termination by the Company for Cause or without Cause, or by Executive for Good Reason or without Good Reason, shall be communicated
by Notice of Termination to the other party hereto given in accordance with Section 6.1 of this Agreement. For purposes
of this Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific
termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of Executive’s employment under the provision so indicated
and (iii) if the Termination Date is other than the date of receipt of such notice, specifies the termination date. The failure
by Executive or the Company to set forth in the Notice of Termination any fact or circumstance which contributes to a showing
of Good Reason or Cause shall not waive any right of Executive or the Company hereunder or preclude Executive or Company from
asserting such fact or circumstance in enforcing Executive’s or Company’s rights hereunder.

 

(e)          The
“Termination Date” means (i) if Executive’s employment is terminated by Company for Cause or by
Executive for Good Reason, the date of receipt of the Notice of Termination or any later date specified therein pursuant to Section
3(d), or as provided in Section 3.1(b), as the case may be, (ii) if Executive’s employment is terminated by the
Company without Cause or by Executive without Good Reason, the effective date of separation, (iii) if Executive’s employment
is terminated by reason of Disability, the Disability Effective Date, and (iv) if Executive’s employment is terminated by
reason of death, the date of death.

 

3.2          Company
Obligations Upon Termination.

 

(a)          If
the Company terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason, then
the Company will provide Executive with the following severance payments and/or benefits:

 

    	5

    	 

    

 

(i)          Prior
to the thirtieth (30th) day following the Termination Date, the Company shall pay to Executive in a lump sum, to the
extent not previously paid, (x) the Base Salary through the Termination Date and (y) the Annual Bonus earned for any Fiscal Year
ended prior to the year in which the Termination Date occurs, provided that Executive was employed on the last day of such Fiscal
Year (the “Accrued Obligations”);

 

(ii)         Starting
as of the next applicable Company payroll date after the Termination Date (provided Executive has complied with Section 3.2(b)),
the Company will pay Executive a monthly amount equal to the (x) Base Salary, divided by (y) 12 (the “Cash Severance”),
until the end of the eighteenth (18th) month following the Termination Date (the “Severance Period”);
and

 

(iii)        During
the Severance Period, the Company shall continue the health and welfare benefits to Executive and, where applicable, Executive’s
dependents on the same terms that would have been provided to them had Executive continued employment with Company in accordance
with the health and welfare benefits provided pursuant to Section 2.4.

 

(b)          The
obligations of the Company to make payments under Section 3.2(a) (other than the Accrued Obligations) are conditioned on
Executive executing and delivering a general release of claims against the Company, its Affiliates, and each of their respective
officers, directors, members, managers, partners and shareholders with respect to Executive’s employment, in substantially
the form attached hereto as Exhibit B (the “Release”). If (i) the Board reasonably and in good
faith believes that Executive has breached in any material respect any of Executive’s obligations in Article IV or
(ii) Executive’s agrees to become employed by or to provide services to any entity that is an Affiliate of Sterling Fund
Management, LLC, then the Board may unilaterally suspend Executive’s right to receive any Cash Severance then or thereafter
due from Company to Executive, provided that in the case of clause (i), the Board (A) gives Executive advance written notice of
such suspension and (B) initiates an action or claim to enforce Company’s rights in respect of such restrictive covenants
promptly after such suspension. In the event that Company prevails on such action or claim, Executive’s right to receive,
and Company’s obligation to pay, any additional Cash Severance, including any previously suspended amounts, shall be terminated
immediately, and Executive shall have no further rights to Cash Severance. In the event that Executive prevails on such action
or claim, Company shall be required to pay to Executive in a lump sum within thirty (30) days of such adjudication any Cash Severance
the payment of which was delayed due to such suspension, plus interest for any period during which the payment of the Cash Severance
was suspended at the prime rate, as published in the Wall Street Journal on the date of such suspension, and to commence payment
of future installments of Cash Severance in accordance with Section 3.2(a)(ii) plus legal fees of Executive required in
the defense.

 

(c)          For
purposes of this Agreement:

 

(i)          The
term “Affiliate” means, with respect to Parent: (A) any other entity or person owning 10% or more of
the voting or beneficial interests of Parent; (B) the Company and any other entity or person directly or indirectly controlling,
controlled by or under common control with Parent; or (C) any other entity in which more than 10% of the voting or beneficial
interests are owned by one or more persons or entities who have a relationship with Parent described in clauses (A) or (B); provided
that, for the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any person or entity, shall mean the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of such person or entity,
whether through the ownership of voting securities, by contract or otherwise.

 

    	6

    	 

    

 

(ii)         The
term “Cause” means that Executive has: (A) engaged in (1) a material act of dishonesty involving the
Company or its Affiliates, (2) malfeasance or gross negligence which is injurious to the Company, or (3) a material breach of
his fiduciary duties related to employment; (B) committed an act of fraud or embezzlement, (C) committed any crime of moral turpitude
or any felony; (D) repeatedly refused to perform specific reasonable directives from the Board that are reasonably consistent
with the scope and nature of Executive’s responsibilities (other than such failure resulting from his disability or incapacity);
(E) used or been under the influence of illegal drugs at the workplace or while performing Company business, or refused to submit
for a drug test upon the Company’s reasonable request; (F) breached any provision of Article IV in any material respect;
(G) failed to obtain the Board’s consent prior to causing the Company or any of its subsidiaries to engage in any business
with any family members, their Affiliates or any entities they work with after the Commencement Date, except to the extent that
(x) any such business relationship exists on the date hereof and (y) is disclosed on Exhibit C hereto; (H) caused, directed
or permitted Parent, the Company or any of their subsidiaries to grant incentive equity to any person on terms and conditions
not specifically approved by the Board or the Committee, or caused, directed or permitted the Company to pay bonuses or grant
raises to employees or other service providers of the Company in amounts materially in excess of the ranges contemplated by the
Company’s budget, as approved by the Board, or in contravention of the Committee’s charter; (I) willfully breached
Executive’s other duties and obligations in Section 1.3 or any other written agreement between Executive and Parent
or the Company in any material respect, or willfully took or failed to take any action in contravention of the Board charters
in any material respect; or (J) willfully violated any conflict of interest policy of the Company or the Board in any material
respect. A termination will not be for “Cause” pursuant to clauses (A)(3), (D), (G), (H), or (I), to the extent such
conduct is curable, unless Company shall have notified Executive in writing describing such conduct and prescribing conduct required
to cure such conduct and Executive shall have failed to cure such conduct within ten (10) business days after his receipt of such
written notice. For purposes of this definition of Cause, no act or failure to act on the part of Executive shall be considered
willful if it is done, or omitted to be done, by Executive in good faith and with a good faith belief that Executive’s act
or omission was in the best interests of Company or the Parent. Subject to the foregoing, (x) the decision to terminate Executive’s
employment for Cause, to take other action or to take no action in response to any occurrence shall be in the sole and exclusive
discretion of the Board, and (y) Executive’s employment by the Company also shall be deemed terminated for Cause if Executive
resigns from the Company and the Board determines in good faith that one or more of the events described above existed as of the
time of such resignation.

 

(iii)        “Good
Reason” means a resignation by Executive occasioned by any of the following events or conditions: (1) a relocation
of the principal place of performance of Executive’s duties to a location more than fifty (50) miles from the Company’s
principal office in Atlanta, Georgia (unless such new principal place of performance is within fifty (50) miles from the Executive’s
then-permanent residence); (2) a material reduction in Executive’s authority, duties or responsibilities (including reporting
responsibilities) without Executive’s prior written consent; (3) a material reduction in Executive’s Base Salary,
unless such reduction in base salary is based on a Company action affecting all executive employees of the Company and the percentage
reduction of Executive’s base salary is no greater than that applied to any other executive employee of the Company; (4)
a material breach of this Agreement by the Company that has a material adverse effect on Executive; or (5) a failure by the Company
to pay Executive any material portion of the Base Salary, bonus or other benefits owed to Executive; provided, however,
that in order for any event or condition described in clauses (1) through (5) above to constitute Good Reason hereunder, Executive
must:

 

(A)         give
the Company written notice within ten (10) days after Executive first has actual knowledge of the event or condition, which written
notice identifies the event or condition and explains why Executive believes that it constitutes Good Reason; and

 

    	7

    	 

    

 

(B)         (1)
provide the Company twenty (20) days from the date of service of the notice described in sub-clause (A) above to cure such event
or condition(to the extent such conduct is curable), and (2) terminate Executive’s employment only if such event or condition
remains, to the reasonable satisfaction of Executive, uncured by the Company as of the end of such 20-day period.

 

ARTICLE
IV

RESTRICTIVE COVENANTS

 

4.1          Definitions.
  For purposes of this Article IV:

 

(a)          the
term “Business” means (i) the business of providing fulfillment services, order processing, call centers,
customer care services, including e-commerce fulfillment or e-commerce return services, related software platform and application
services and similar and related services that the Company or any of its subsidiaries are engaged in during the Employment Term
and (ii) any other business that the Company or any of its subsidiaries has taken affirmative steps towards engaging in on or
prior to the Termination Date;

 

(b)          the
term “Confidential Information” shall mean any non-public information, in whatever form or medium, concerning
the operations or affairs of the Business, including, but not limited to, (i) sales, sales volume, sales methods, sales proposals,
business plans, advertising and marketing plans, strategic and long-range plans, and any information related to any of the foregoing,
(ii) customers, customer lists, prospective customers and customer records, (iii) general price lists and prices charged to specific
customers, (iv) trade secrets, (v) financial statements, budgets and projections, (vi) software owned or developed (or being developed)
for use in or relating to the conduct of the Business, (vii) the names, addresses and other contact information of all vendors
and suppliers and prospective vendors and suppliers of the Business, and (viii) all other confidential or proprietary information
belonging to the Company or relating to the Business; provided, however, that Confidential Information shall not
include (1) knowledge, data and information that is generally known or becomes known in the trade or industry of the Company (other
than as a result of a breach of this Agreement or other agreement or instrument to which Executive is bound), and (2) knowledge,
data and information gained without a breach of this Agreement on a non-confidential basis from a person who is not legally prohibited
from transmitting the information to Executive;

 

(c)          the
term “Company” shall be deemed to include Parent, the Company and all of their subsidiaries;

 

(d)          the
term “Non-Compete Restricted Period” shall mean the period commencing on the Commencement Date and terminating
twenty four (24) months following the termination of Executive’s employment or engagement with the Company;

 

(e)           the
term “Non-Solicit Restricted Period” shall mean the period commencing on the Commencement Date and terminating
twenty-four (24) months following the termination of Executive’s employment or engagement with the Company; and

 

(f)           the
term “Prior Inventions” shall mean all inventions, original works of authorship, developments and improvements
which were made by Executive, alone or jointly with others, prior to Executive’s employment, association or other engagement
with the Company. To preclude any possibility of uncertainty, Executive has set forth on Exhibit D attached hereto a complete
list of all Prior Inventions which Executive considers to be Executive’s property or the property of third parties and which
Executive wishes to have excluded from the scope of this Agreement. If disclosure of any such Prior Invention on Exhibit D
would cause Executive to violate any prior confidentiality agreement, Executive understands that Executive is not to list
such Prior Invention in Exhibit D but is to inform the Company that all Prior Inventions have not been listed for that
reason.

 

    	8

    	 

    

 

4.2          Executive
Acknowledgement. Executive agrees and acknowledges that, to ensure that the Company retains its value and goodwill, Executive
must not use any Confidential Information, special knowledge of the Business, or the Company’s relationships with its customers
and employees, all of which Executive will continue to gain access to through Executive’s employment with the Company, other
than in furtherance of Executive’s legitimate job duties. Executive further acknowledges that:

 

(a)         the
Company is currently engaged in the Business;

 

(b)         the
Business is highly competitive and the services to be performed by Executive for the Company are unique and national in nature;

 

(c)          Executive
will continue to occupy a position of trust and confidence with the Company and has acquired and will acquire an intimate knowledge
of Confidential Information and the Company’s relationships with its customers and employees;

 

(d)         the
agreements and covenants contained in this Article IV are essential to protect the Company, the Confidential Information
and the goodwill of the Company and are being entered into in consideration for the various rights being granted to Executive
under this Agreement;

 

(e)          the
Company would be irreparably damaged if Executive were to disclose the Confidential Information or provide services to any person
or entity in violation of the provisions of this Agreement;

 

(f)          the
scope and duration of the covenants set forth in this Article IV are reasonably designed to protect a protectable interest
of the Company and are not excessive in light of the circumstances; and

 

(g)          Executive
has the means to support himself and Executive’s dependents other than by engaging in activities prohibited by this Article
IV.

 

4.3          Confidential
Information.

 

(a)          At
all times both during Executive’s employment and following the termination of Executive’s employment for any reason,
Executive shall: (i) hold the Confidential Information in strictest confidence, take all reasonable precautions to prevent the
inadvertent disclosure of the Confidential Information to any unauthorized person, and follow all the Company’s policies
protecting the Confidential Information; (ii) not use, copy, divulge or otherwise disseminate or disclose any Confidential Information,
or any portion thereof, to any unauthorized person; (iii) not make, or permit or cause to be made, copies of the Confidential
Information, except as necessary to carry out Executive’s authorized duties as an employee of the Company; and (iv) promptly
and fully advise the Company of all facts known to Executive concerning any actual or threatened unauthorized use or disclosure
of which Executive becomes aware.

 

(b)          Executive
hereby assigns to the Company any rights Executive may have or acquire in the Confidential Information, and recognizes that the
Company shall be the sole owner of all copyrights, trade secret rights, and all other rights throughout the world (collectively,
“Proprietary Rights”) in connection with such rights.

 

    	9

    	 

    

 

(c)          If
Executive receives any subpoena or becomes subject to any legal obligation that might require Executive to disclose Confidential
Information, Executive will provide prompt written notice of that fact to the Company, enclosing a copy of the subpoena and any
other documents describing the legal obligation. In the event that the Company objects to the disclosure of Confidential Information,
by way of a motion to quash or otherwise, Executive agrees to not disclose any Confidential Information while any such objection
is pending.

 

(d)          Executive
understands that the Company has and will receive from third parties confidential or proprietary information (“Third
Party Information”) under a duty to maintain the confidentiality of such Third Party Information and to use it only
for limited purposes. During the term of Executive’s association with the Company and at all times after the termination
of such association for any reason, Executive will hold Third Party Information in strict confidence and will not disclose or
use any Third Party Information unless expressly authorized by the Company in advance or as may be strictly necessary to perform
Executive’s obligations with the Company, subject to any agreements binding on the Company with respect to such Third Party
Information.

 

(e)          Executive
will not improperly use or disclose any confidential information or trade secrets, if any, of any former employer or of any other
person to whom Executive has an obligation of confidentiality, and Executive will not bring onto the Company’s premises
any unpublished documents or any property belonging to any former employer or of any other person to whom Executive has an obligation
of confidentiality.

 

4.4          Ownership
of Inventions.

 

(a)          Executive
hereby agrees that any and all inventions (whether or not an application for protection has been filed under patent laws), works
of authorship, information fixed in any tangible medium of expression (whether or not protected under copyright laws), Moral Rights,
mask works, trademarks, trade names, trade dress, trade secrets, publicity rights, know-how, ideas (whether or not protected under
trade secret laws), and all other subject matter protected under patent, copyright, Moral Right (defined as any right to claim
authorship of a work, any right to object to any distortion or other modification of a work, and any similar right, existing under
the law of any country, or under any treaty), mask work, trademark, trade secret, or other laws, that have been, are or will be
developed, generated or produced by Executive, solely or jointly with others, at any time while employed by the Company, including
during the Employment Term, are and shall be the exclusive property of the Company, subject to the obligations of this Article
IV with respect to Confidential Information, and Executive hereby forever waives and agrees never to assert against the Company,
its successors or licensees any and all ownership, interest, Moral Rights or similar rights with respect thereto. Executive hereby
assigns to the Company all right, title and interest to the foregoing inventions, concepts, ideas and materials. This Section
4.4 does not apply to any invention or other work of Executive for which no equipment, supplies, facility or Confidential
Information of the Company was used and that was developed entirely on Executive’s own time, unless the invention (A) relates
to (x) the Business or (y) the Company’s actual or demonstrably anticipated research or development, or (B) results from
any work performed by Executive for or on behalf of the Company. Executive shall keep and maintain adequate and current written
records of all inventions, concepts, ideas and materials made by Executive (jointly or with others) during the term of Executive’s
association or employment with the Company. Such records shall remain the property of the Company at all times. Executive shall
promptly and fully disclose to the Company the nature and particulars of any Inventions or research project undertaken on the
Company’s behalf.

 

    	10

    	 

    

 

(b)          Unless
the parties otherwise agree in writing, Executive is under no obligation to incorporate any Prior Inventions in any of Company’s
products or processes or other Company Invention. If, in the course of Executive’s performance, Executive chooses to incorporate
into any such Company product or process or other Company Invention any Prior Invention owned by Executive or in which Executive
otherwise has an interest, Executive grants the Company a non-exclusive, royalty free, irrevocable, perpetual, world-wide license
to copy, reproduce, make and have made, modify and create derivative works of, use, sell and license such Prior Inventions and
derivative works as part of or in connection with any such Company product or process or other Company Invention.

 

(c)          During
or subsequent to the Employment Term, Executive shall execute all papers, and otherwise provide assistance, at the Company’s
reasonable request and expense, to enable the Company or its nominees to obtain and enforce all proprietary rights with respect
to the Company Inventions (as defined below) in any and all countries. To that end, Executive will execute, verify and deliver
such documents and perform such other acts (including appearances as a witness) as the Company may reasonably request for use
in applying for, obtaining, perfecting, defending, evidencing and enforcing any such proprietary rights, and the assignment of
any or all of such proprietary rights. In addition, Executive will execute, verify and deliver assignments of such rights to the
Company or its designee. Executive’s obligation to assist the Company with respect to such rights shall continue beyond
the termination of Executive’s association with the Company.

 

(d)          If,
after reasonable effort, the Company cannot secure Executive’s signature on any document needed in connection with the actions
specified in the preceding paragraph, Executive irrevocably designates and appoints the Company and its duly authorized officers
and agents as Executive’s agent and attorney-in-fact, to act for and in Executive’s behalf to execute, verify and
file any such documents and to do all other lawfully permitted acts to further the purposes of the preceding paragraph with the
same legal force and effect as if executed by Executive. The power of attorney set forth in this Section 4.4 is coupled
with an interest, is irrevocable, and shall survive Executive’s death, incompetence or incapacity and the termination of
the Employment Term. Executive waives and quitclaims to the Company all claims of any nature whatsoever which Executive now has
or may in the future obtain for infringement of any Proprietary Rights assigned under this Agreement or otherwise to the Company.

 

(e)          Executive
acknowledges that all original works of authorship which are made by Executive (solely or jointly with others) during the course
of the association with or performance of services for the Company and which are protectable by copyright are “works made
for hire,” as that term is defined in the United States Copyright Act and any successor statutes. Inventions assigned to
the Company or as directed by the Company under this Agreement or otherwise are referred to as “Company Inventions.”

 

4.5          Non-Solicitation.

 

(a)          During
the Non-Solicit Restricted Period, Executive shall not (other than in furtherance of Executive’s legitimate job duties on
behalf of Company), directly or indirectly, on Executive’s own behalf or for any other person or entity:

 

(i)          solicit
for employment or hire, attempt to solicit for employment or hire, or employ or hire, any person who is or was employed by the
Company at any time within six (6) months prior to the solicitation or hire (the “Restricted Personnel”);

 

(ii)         seek
to influence any Restricted Personnel to leave the Company’s employment, engagement, or service; or

 

    	11

    	 

    

 

(iii)        otherwise
interfere with the relationship between any Restricted Personnel and the Company.

 

(b)          During
the Non-Solicit Restricted Period, Executive shall not (other than in furtherance of Executive’s legitimate job duties on
behalf of Company), directly or indirectly, on Executive’s own behalf or for any other person or entity:

 

(i)          solicit,
entice or induce any customer that did business with the Company in the last two (2) years of Executive’s employment or
any prospective customer of the Company (the “Restricted Customers”) to become a customer of
any person or entity other than the Company with respect to products or services sold or under development by the Company as of
Executive’s termination;

 

(ii)         sell,
promote, or provide any product or services to a Restricted Customer if that product or service could otherwise be provided by
the Company; or

 

(iii)        solicit,
entice, induce, or assist any Restricted Customer to reduce or cease doing business with the Company or otherwise interfere with
the relationship between any Restricted Customer and the Company.

 

4.6          Non-Competition;
Investment Opportunities.

 

(a)          During
the Non-Compete Restrictive Period, Executive shall not, directly or indirectly, alone or in combination with any other individual
or entity, (i) own (other than through the passive ownership of less than one percent (1%) of the publicly traded shares of any
entity), operate, manage, control, or participate in an executive, managerial, strategic, or sales role, in any individual or
entity (other than the Company) that engages in or proposes to engage in the Business in the United States and any other country
in which Executive worked for the Company (a “Competitive Business”); or (ii) otherwise render services
to (as an employee, consultant, independent contractor or otherwise) a Competitive Business that are similar to the services Executive
rendered to the Company, or that could involve the use of Confidential Information; and

 

(b)          During
the Employment Term, if Executive learns of any investment opportunity in a business or any entity engaged in the Business, Executive
shall present such investment opportunity to the Company.

 

4.7          If
any court of competent jurisdiction shall deem any provision in this Article IV too restrictive, the other provisions shall
stand, and the court shall modify the unduly restrictive provision to the point of greatest restriction permissible by law.

 

4.8          If
this Agreement is terminated for any reason, Executive acknowledges and agrees that the restrictive covenants set forth in this
Article IV (the “Restrictive Covenants”) shall survive the termination of this Agreement and
Executive shall continue to be bound by the terms of this Article IV as if this Agreement was still in effect.

 

    	12

    	 

    

 

4.9          The
Company and Executive agree that damages will accrue to the Company by reason of Executive’s failure to observe any of the
Restrictive Covenants. Therefore, if the Company shall institute any action or proceeding to enforce such provisions, Executive
waives the claim or defense that there is an adequate remedy at law and agrees in any such action or proceeding not to (i) interpose
the claim or defense that such remedy exists at law, or (ii) require the Company to show that monetary damages cannot be measured
or to post any bond. Without limiting any other remedies that may be available to the Company, Executive hereby specifically affirms
the appropriateness of injunctive or other equitable relief in any such action. Executive also acknowledges that the remedies
afforded the Company pursuant to this Section 4.9 are not exclusive, nor shall they preclude the Company from seeking or
receiving any other relief, including without limitation, any form of monetary or other equitable relief. Upon the reasonable
request by the Company, Executive shall provide reasonable assurances and evidence of compliance with the Restrictive Covenants.

 

ARTICLE
V

POST-TERMINATION OBLIGATIONS

 

5.1          Return
of Company Materials.   No later than three (3) business days following the termination of Executive’s employment
for any reason, Executive shall return to the Company, and shall not retain in any form or media of expression, all Company and
Affiliate property that is then in Executive’s possession, custody or control, including, without limitation, all keys,
access cards, credit cards, computer hardware and software, documents, records, policies, marketing information, design information,
specifications and plans, data base information and lists, and any other property or information that Executive has or had relating
to the Company or any Affiliate (whether those materials are in paper or computer-stored form), and including but not limited
to any documents containing, summarizing, or describing any Confidential Information. Notwithstanding the foregoing, at any time
after the Commencement Date, Executive shall be permitted to remove (i) all of his personal property from the Company’s
offices including all personal memorabilia and business memorabilia collected by Executive in connection with business transacted
prior to the Commencement Date, and (ii) his personal laptop computer and all office furniture located in the Executive’s
office in Johns Creek, Georgia as of the Commencement Date. After termination of Executive’s employment with the Company,
the Company agrees at the cost and expense of Executive to transfer the Executive’s cell phone telephone number to Executive.
To the extent that there is data of the Company located on Executive’s computer or other electronic device, Executive shall
after the termination of his employment be entitled to retain his personal Microsoft Outlook list of contacts and Executive will
work in good faith with Employer to transfer from Executive’s computer Confidential Information of the Company or any Affiliate
thereof.

 

5.2          Executive
Assistance.   During the Employment Term and for a reasonable period thereafter, Executive shall, upon reasonable notice,
assist the Company and its subsidiaries (the “Affiliated Group”) in the defense of any claims, or potential
claims that may be made or threatened to be made against any member of the Affiliated Group in any action, suit or proceeding,
whether civil, criminal, administrative, investigative or otherwise (a “Proceeding”), and will assist
the Affiliated Group in the prosecution of any claims that may be made by any member of the Affiliated Group in any Proceeding,
to the extent that such claims may relate to Executive’s employment or the period of Executive’s employment by the
Company. The Company shall reimburse Executive for all of the Executive’s reasonable out-of-pocket expenses associated with
such assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee for the Executive’s
service under this Section 5.2. Any services or assistance contemplated in this Section 5.2 shall be at mutually
agreed to and convenient times.

 

    	13

    	 

    

 

ARTICLE
VI

MISCELLANEOUS

 

6.1          Notices.
 Any notices, consents or other communications required or permitted to be sent or given hereunder shall be in writing and shall
be deemed properly served if (i) delivered personally, in which case the date of such notice shall be the date of delivery; (ii)
delivered to a nationally recognized overnight courier service, in which case the date of delivery shall be the next business
day; or (iii) sent by facsimile transmission (with a copy sent by first-class mail), in which case the date of delivery shall
be the date of transmission, or if after 5:00 P.M., the next business day. If not personally delivered, notice shall be sent addressed
as follows: (x) if to Executive, to the address listed on the signature page hereof, and (y) if to the Company, at c/o Sterling
Partners, 401 North Michigan Avenue, Suite 3300, Chicago, IL 60611, Attention: Office of General Counsel, Facsimile No. (312)
465-7100, or in either case at such other address as may hereafter be specified by notice given by either party to the other party.
Executive shall promptly notify the Company of any change in his address set forth on the signature page.

 

6.2          Successors
and Assigns.  This Agreement shall be binding upon, and inure to the benefit of, and be enforceable by, the parties hereto
and the Company’s successors and permitted assigns. In the case of the Company, the successors and permitted assigns hereunder
shall include without limitation any Affiliate as well as the successors in interest to the Company or any such Affiliate (whether
by merger, liquidation (including successive mergers or liquidations) or otherwise). This Agreement or any right or interest hereunder
is one of personal service and may not be assigned by Executive under any circumstance. Nothing in this Agreement, whether expressed
or implied, is intended or shall be construed to confer upon any person other than the parties and successors and assigns permitted
by this Section 6.2 any right, remedy or claim under or by reason of this Agreement.

 

6.3          Entire
Agreement; Amendments.   This Agreement, the Exhibits hereto and the Partnership Agreement embody the complete agreement
and understanding of the parties hereto with regard to the subject matter hereof and supersede and preempt any prior agreements,
understandings, letters of intent, or representations by or among the parties, written or oral, which may have related to the
subject matter hereof. This Agreement shall not be amended, modified or supplemented except by a written instrument signed by
each of the parties hereto.

 

6.4          Interpretation.
  Article titles and section headings contained herein are inserted for convenience of reference only and are not intended to be
a part of or to affect the meaning or interpretation of this Agreement.

 

6.5          Waivers.
 No provision of this Agreement may be waived except in a writing executed and delivered by the party against whom waiver is sought.
Any such written waiver shall be effective only with respect to the event or circumstance described therein and not with respect
to any other event or circumstance, unless such waiver expressly provides to the contrary.

 

6.6          Partial
Invalidity.  Wherever possible, each term and provision of this Agreement shall be interpreted so as to be effective and
valid under applicable law. If any term or provision shall be held invalid or unenforceable, the remaining terms and provisions
hereof not be affected thereby, unless such a construction would be unreasonable. Executive’s obligations in Articles
IV and V shall survive and continue in full force notwithstanding the termination of this Agreement or Executive’s
employment for any reason.

 

6.7          Tax
Matters.  Executive acknowledges that no representative or agent of Parent or the Company has provided Executive with any
tax advice of any nature, and Executive has had the opportunity to consult with his own legal, tax and financial advisor(s) as
to tax and related matters concerning the compensation to be received under this Agreement.

 

6.8          Offset.
 To the extent permitted by law, and to the extent that such action will not result in the imposition of additional taxes, interest
or penalties pursuant to Section 409A (as defined below), the Company may offset any amounts Executive owes it pursuant to this
Agreement or any other written agreement, note or other instrument relating to indebtedness for borrowed money to which Executive
is a party or pursuant to any other liability or obligation by which Executive is bound against any amounts it owes Executive
hereunder.

 

    	14

    	 

    

 

6.9          Execution
in Counterparts.    This Agreement may be executed in one or more counterparts, each of which shall be considered an original
instrument, but all of which shall be considered one and the same agreement.

 

6.10        Required
Delay for Deferred Compensation Under 409A.  Notwithstanding any other provision of this Agreement, if at the time of separation
from service Executive is determined by the Company to be a “specified employee” (as defined in Section 409A of the
Code (together, with any state law of similar effect, “Section 409A”) and Section 1.409A-1(i) of the
Treasury Regulations), and the Company determines that delayed commencement of any portion of the termination payments and benefits
payable to Executive pursuant to this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i)
of the Code, then such portion of Executive’s termination payments and benefits shall not be provided to Executive prior
to the earliest of (1) the date that is six months and one day after Executive’s separation from service, (2) the date of
Executive’s death or (3) such earlier date as is permitted under Section 409A (any such delayed commencement, a “Payment
Delay”). Upon the expiration of such Payment Delay, all payments deferred pursuant to a Payment Delay shall be paid
in a lump sum to Executive on the first day following the expiration of the Payment Delay, and any remaining payments due under
the Agreement shall be paid on the original schedule provided herein.

 

This Agreement is intended
to meet the requirements of Section 409A, and shall be interpreted and construed consistent with that intent. References to termination
of employment, retirement, separation from service and similar or correlative terms in this Agreement shall mean a “separation
from service” (as defined at Section 1.409A-1(h) of the Treasury Regulations) from the Company and from all other corporations
and trades or businesses, if any, that would be treated as a single “service recipient” with the Company under Section
1.409A-1(h)(3) of the Treasury Regulations. Each installment of the payments and benefits provided for in this Agreement shall
be treated as a separate “payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i).

 

6.11         Governing
Law; Consent to Jurisdiction; Waiver of Jury.  This Agreement shall be governed by and construed in accordance with the
internal laws of the State of Georgia, without regard to its conflict of law principles. For the purposes of any suit, action,
or other proceeding arising out of this Agreement or with respect to Executive’s employment hereunder, the Parties hereto:
(i) agree to submit to the exclusive jurisdiction of the federal or state courts located in Fulton County, State of Georgia, (ii)
agree to unconditionally waive any objection to venue in such jurisdiction, and agree not to plead or claim forum non conveniens,
and (iii) to waive their respective rights to a jury trial of any and such claims and causes of action.

 

6.12         Construction.
 The language used in this Agreement will be deemed to be the language chosen by Executive and the Company to express their mutual
intent, and no rule of strict construction will be applied against Executive or the Company.

 

6.13         Indemnification.
  The Company shall indemnify (and provide advancement of expenses to) Executive to the maximum extent permitted under the Georgia
Business Corporation Code for acts taken within the scope of his service as a director of the Company. To the extent that the
Company obtains coverage under a director and officer indemnification policy, Executive will be entitled to such coverage on a
basis that is no less favorable than the coverage provided to any other officer or director of the Company.

 

*         *         *

 

    	15

    	 

    

 

IN WITNESS WHEREOF,
the Company has caused this Amended and Restated Employment Agreement to be duly executed by an officer thereunto duly
authorized, and Executive has hereunto set his hand, all as of the day and year first above written.

 

	 	THE COMPANY:	 
	 	 	 	 
	 	INNOTRAC CORPORATION	 
	 	 	 	 
	 	By:	/s/ Stephen Keaveney	 
	 	Name:   Stephen Keaveney	 
	 	Title:     Chief Financial Officer	 
	 	 	 	 
	 	EXECUTIVE:	 
	 	 	 	 
	 	/s/ Scott D. Dorfman	 
	 	Name:  Scott D. Dorfman	 
	 	Address:  [REDACTED]	 
	 	 	 [REDACTED]	 
	 	Phone:	 [REDACTED]	 
	 	Fax:	 	 

 

    	16

    	 

    

 

Exhibit A

 

Aircraft Lease

 

    	17

    	 

    

 

Exhibit B

 

Form of Release

 

THIS RELEASE (the
“Release”) is entered into between Scott D. Dorfman (“Executive”) and Innotrac Corporation,
a Georgia corporation (the “Company”), for the benefit of the Company. The entering into and non-revocation
of this Release is a condition to Executive’s right to receive the payments under Section 3.2 of the Amended and Restated
Employment Agreement entered into by and between Executive and the Company, dated as of November 14, 2013 (the “Employment
Agreement”). Capitalized terms used and not defined herein shall have the meaning provided in the Employment Agreement.

 

Accordingly, Executive
and the Company agree as follows.

 

1.           In
consideration for the payments and other benefits provided to Executive under Section 3.2(a) of the Employment Agreement, Executive
represents and agrees, as follows:

 

(a)          Executive,
for himself, his heirs, administrators, representatives, executors, successors and assigns (collectively “Releasers”),
hereby irrevocably and unconditionally releases, acquits and forever discharges and agrees not to sue the Company or any of its
parents, subsidiaries, divisions, affiliates and related entities and its current and former directors, officers, shareholders,
trustees, employees, consultants, independent contractors, representatives, agents, servants, successors and assigns and all persons
acting by, through or under or in concert with any of them (collectively “Releasees”), from all claims, rights
and liabilities up to and including the date of this Release arising from or relating to Executive’s employment with, or
termination of employment from, the Company, under the Employment Agreement and from any and all charges, complaints, claims,
liabilities, obligations, promises, agreements, controversies, damages, actions, causes of actions, suits, rights, demands, costs,
losses, debts and expenses of any nature whatsoever, known or unknown, suspected or unsuspected and any claims of wrongful discharge,
breach of contract, implied contract, promissory estoppel, defamation, slander, libel, tortious conduct, employment discrimination
or claims under any federal, state or local employment statute, law, order or ordinance, including any rights or claims arising
under Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act of 1967, as amended, 29
U.S.C. § 621 et seq. (“ADEA”), or any other federal, state or municipal ordinance relating to discrimination
in employment. Nothing contained herein shall restrict the parties’ rights to enforce the terms of this Release.

 

(b)          To
the maximum extent permitted by law, Executive agrees that he has not filed, nor will he ever file, a lawsuit asserting any claims
which are released by this Release.

 

(c)          This
Release specifically excludes Executive’s rights and the Company’s obligations under Sections 3.2 and 6.14 of the
Employment Agreement, the Benefit Plans, and the Partnership Agreement. Executive’s entitlement to vested benefits under
the Benefit Plans and the Partnership Agreement shall be determined in accordance with the provisions of the Benefit Plans or
the Partnership Agreement, as the case may be. Nothing contained in this Release shall release Executive from his obligations,
including any obligations to abide by restrictive covenants, under the Employment Agreement, the Partnership Agreement or the
Benefit Plans that continue or are to be performed following termination of employment.

 

    	18

    	 

    

 

(d)          The
parties agree that this Release shall not affect the rights and responsibilities of the US Equal Employment Opportunity Commission
(hereinafter “EEOC”) to enforce ADEA and other laws. In addition, the parties agree that this Release shall not be
used to justify interfering with Executive’s protected right to file a charge or participate in an investigation or proceeding
conducted by the EEOC. The parties further agree that Executive knowingly and voluntarily waives all rights or claims (that arose
prior to Executive’s execution of this Release) the Releasers may have against the Releasees, or any of them, to receive
any benefit or remedial relief (including, but not limited to, reinstatement, back pay, front pay, damages, attorneys’ fees,
experts’ fees) as a consequence of any investigation or proceeding conducted by the EEOC.

 

2.          Executive
acknowledges that the Company has specifically advised him of the right to seek the advice of an attorney concerning the terms
and conditions of this Release. Executive further acknowledges that he has been furnished with a copy of this Release, and he
has been afforded twenty-one (21) days in which to consider the terms and conditions set forth above prior to this Release. By
executing this Release, Executive affirmatively states that he has had sufficient and reasonable time to review this Release and
to consult with an attorney concerning his legal rights prior to the final execution of this Release. Executive further agrees
that he has carefully read this Release and fully understands its terms. Executive understands that he may revoke this Release
within seven (7) days after signing this Release. Revocation of this Release must be made in writing and must be received by [●]
at [●] within the time period set forth above.

 

3.          This
Release will be governed by and construed in accordance with the laws of the state of Georgia, without giving effect to any choice
of law or conflicting provision or rule (whether of the state of Georgia or any other jurisdiction) that would cause the laws
of any jurisdiction other than the state of Georgia to be applied. In furtherance of the foregoing, the internal law of the state
of Georgia will control the interpretation and construction of this agreement, even if under such jurisdiction’s choice
of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily apply. The provisions of this
Release are severable, and if any part or portion of it is found to be unenforceable, the other paragraphs shall remain fully
valid and enforceable. This Release shall become effective and enforceable on the eighth day following its execution by Executive,
provided he does not exercise his right of revocation as described above. If Executive fails to sign and deliver this Release
or revokes his signature, this Release will be without force or effect, and Executive shall not be entitled to the payment under
Section 3.2 of the Employment Agreement.

 

    	19

    	 

    

 

Exhibit C

 

Business Relationships with Family Members

 

	 	1.	The Company utilizes HARP Ink, a print broker, for
services relating to the printing of materials. HARP Ink is owned by Hy Dorfman, the brother of Scott Dorfman, and Hy Dorfman’s
wife.

 

	 	2.	Mindy Dorfman, Scott Dorfman’s sister, is
employed by the Company as a client services director responsible for managing and developing relationships

 

	 	3.	Brad Dorfman, Scott Dorfman’s son, is employed
by the Company as a business development associate.

 

	 	4.	Ben Holt, Scott Dorfman’s son-in-law, is employed
by the Company as a manager in the Cedars warehouse in Lawrenceville, Georgia.

 

    	20

    	 

    

 

Exhibit D

 

Prior Inventions

 

None.

 

    	21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]