Document:

EXHIBIT 10.2

 

GOODWILL PROTECTION AGREEMENT

 

THIS GOODWILL PROTECTION AGREEMENT is made effective the 17th day of
January, 2008, between APOTHECARYRX, LLC, an Oklahoma limited liability company
(the “Buyer”) and NORMAN GREENBERG, an individual (the “Seller”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to that certain Pharmacy Purchase Agreement dated
effective January 3, 2008, (the “Purchase Agreement”) among the Buyer, the
Seller and Rambo Pharmacy, Inc. (“Rambo”), the Buyer purchased the Seller’s
pharmacy business located in Decatur, Illinois (the “Business”) for a sum in
excess of Two Million Two Hundred Thousand Dollars ($2,200,000.00);

 

WHEREAS, the Seller has operated the Business for numerous years during
which time the Seller has built a strong patronage which is the predicate on
which the Seller’s Business is based; and

 

WHEREAS, to induce the Buyer to perform the Purchase Agreement and to
protect the goodwill purchased by the Buyer in the Business, the Seller has
agreed to execute, deliver and perform this Goodwill Protection Agreement.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.           Noncompetition Covenant.  The
Seller agrees as follows:

 

1.                For the five (5) year
period beginning on the date of this Goodwill Protection Agreement, the Seller
agrees that the Seller, the Seller’s affiliates and any person receiving a
portion of the Purchase Price under the Purchase Agreement will not undertake
any plan, program or effort designed or intended to, directly or indirectly,
contract or provide, solicit or offer to prepare, dispense or sell at retail
any pharmacy, prescription or over the counter drugs or pharmaceuticals (the “Pharmacy
Services”) to any person and the family members of any person, or any entity
and the affiliates of any entity, who acquired Pharmacy Services within the
past five (5) years from the Business.

 

2.                For the five (5) year
period beginning on the date of this Goodwill Protection Agreement, the Seller
agrees that the Seller, the Seller’s parents, subsidiaries, affiliates and
shareholders and any person receiving a portion of the Purchase Price under the
Purchase Agreement will not, directly or indirectly, conduct any Pharmacy
Business within twenty (20) miles of the location of the Business.

 

For purposes of this Goodwill Protection Agreement, the term “Pharmacy
Business” means: owning, managing, operating, controlling, engaging in or being
connected with as a partner, investor, stockholder, creditor, guarantor,
advisor, employee, independent contractor or consultant, the business of
offering, soliciting, conducting or providing Pharmacy Services.  The Seller’s employment with the Buyer will
not violate the terms of this Agreement.

 

2.           Separate Covenants.  This
Goodwill Protection Agreement will be deemed to consist of a series of separate
covenants independent from any provision of the Purchase Agreement.  The Seller expressly agrees that the
character, duration and geographical scope of this Goodwill Protection
Agreement are reasonable in light of the circumstances as existing on the date
of this Goodwill Protection Agreement. 
However, should a determination nonetheless be made by a court of
competent jurisdiction at a later date that the character, duration or
geographical scope of this Goodwill Protection Agreement is unreasonable in
light of the circumstances as then existing or existing at the execution of
this Goodwill Protection Agreement, then it is the intention and the agreement of
the 

 

1

 

Seller and the Buyer that this Goodwill Protection Agreement be
construed by the court and given effect in such a manner as to impose only the
restrictions on the conduct of the Seller which are reasonable in light of the
circumstances as then existing and as are necessary to assure the Buyer of the
intended benefit of this Goodwill Protection Agreement.  If, in any judicial proceeding, a court
refuses to enforce all of the separate covenants deemed included herein
because, taken together such covenants are more extensive than necessary to
assure the Buyer of the intended benefit of this Goodwill Protection Agreement,
it is expressly understood and agreed between the parties that those covenants not
to be enforced in such proceeding will, for the purpose of such proceeding, be
deemed eliminated from the provisions hereof.

 

3.           Periodic
Payments.  As additional consideration
for the Seller’s execution, delivery and performance of this Goodwill Protection
Agreement, the Buyer agrees to pay to the Seller the principal amount of
$220,000.00 together with interest at the rate of 7% per annum computed from
the date of this Agreement, in sixty (60) monthly blended payments of principal
and interest, each in the amount of $4,351.76. 
The monthly payments will commence on February 1, 2008, and be made
on the 1st day of each month thereafter through and including January 1,
2013.  Each such payment will be sent by
regular mail to the addresses provided under Paragraph 6.1 of this Goodwill
Protection Agreement.  Any payment not
received by the Seller within five (5) business days after it is due will
accrue a late fee equal to 5% of the amount of such payment which late fee
shall be payable by the Buyer with the next payment.  The Buyer will have the right to prepay all
amounts due under this Goodwill Protection Agreement in whole or in part at any
time without premium or penalty, but with interest on the unpaid principal
balance accrued to the date of prepayment.  In the event of the death of the Seller, all
remaining payments will be made to the Seller’s estate.

 

4.           Default by
Seller.  If the Seller fails to perform
any obligation contained in this Goodwill Protection Agreement, the Buyer will
serve written notice to the Seller specifying the nature of such default and
demanding performance.  If such default
has not been cured within five (5) business days after receipt of such default
notice, the Buyer will be entitled to demand specific performance, suspend
performance of any obligation under this Goodwill Protection Agreement, or
exercise all remedies available at law or in equity.  Given the nature of the Pharmacy Business,
the parties acknowledge and agree that the goodwill sold by the Seller and
purchased by the Buyer cannot be protected if the provisions of this Goodwill
Protection Agreement are not strictly enforced. Accordingly, the parties
acknowledge and agree that if there is a breach by the Seller of the provisions
of this Goodwill Protection Agreement, money damages alone will not be adequate
and the Buyer will be entitled to an injunction restraining the Seller from
violating the provisions of this Goodwill Protection Agreement.  In addition to the foregoing and any other remedies
available to the Buyer, at law or in equity, in the event the Seller is in
default and the Buyer is diligently pursuing a judicial remedy, the periods
specified in paragraphs 1.1, 1.2 and 1.3 will be tolled until the conclusion of
the judicial action (the “Tolling Period”) and such periods will be
automatically extended by the number of days elapsed during the Tolling
Period.  The remedies provided by this
Goodwill Protection Agreement are cumulative and will not exclude any other
remedy to which a party might be entitled under this Goodwill Protection
Agreement.  In the event, a party elects
to selectively and successively enforce such party’s rights under this Goodwill
Protection Agreement, such action will not be deemed a waiver or discharge of
any other remedy.

 

5.           Default by
Buyer.  If the Buyer defaults in the
payment under this Agreement, then the Seller’s obligations under this
Agreement will immediately terminate. If the Buyer fails to perform any
obligation of the Buyer contained in this Goodwill Protection Agreement or if
the Buyer defaults under the Security Agreement of even date herewith between
the Buyer and Rambo, and such default continues for five (5) business days
after the Buyer receives notice of default from the Seller, the unpaid balance
due will become immediately due and payable in full with interest at 7% until
paid and the Seller may exercise any and all available remedies it may have to
collect the balance due.

 

6.           Miscellaneous.  It is further agreed as follows:

 

1.                Notices.  Except as expressly provided herein, any
notice, demand or communication required or permitted to be given by any
provision of this Goodwill Protection Agreement will be in writing and will be
deemed to have been given and received when delivered personally or by
telefacsimile, or on the date 

 

2

 

following the day sent by overnight courier, or on the third (3rd)
business day after the same is sent by certified mail, postage and charges
prepaid, directed to the following addresses or to such other or additional
addresses as any party might designate by written notice to the other parties:

 

	
  To the Buyer:

  	
   

  	
  ApothecaryRx, LLC

  
	
   

  	
   

  	
  C/o Mr. Lewis P.
  Zeidner, President

  
	
   

  	
   

  	
  5500 Wayzata Boulevard,
  Suite 210

  
	
   

  	
   

  	
  Golden Valley, Minnesota
  55416

  
	
   

  	
   

  	
  Fax: (763) 647-1137

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  	
  Michael Meleen, Esquire

  
	
   

  	
   

  	
  Commercial Law Group, P.C.

  
	
   

  	
   

  	
  700 Oklahoma Tower

  
	
   

  	
   

  	
  210 Park Avenue

  
	
   

  	
   

  	
  Oklahoma City, Oklahoma 73102

  
	
   

  	
   

  	
  Fax: (405) 232-5553

  
	
   

  	
   

  	
   

  
	
  To the Seller:

  	
   

  	
  Mr. Norman Greenberg

  
	
   

  	
   

  	
  140 East Court Manor Place

  
	
   

  	
   

  	
  Decatur, Illinois 62522

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  	
  Thomas M. Shade, Esquire

  
	
   

  	
   

  	
  132 S. Water St. Suite 515

  
	
   

  	
   

  	
  Decatur, Illinois 62523

  
	
   

  	
   

  	
  Fax: (217) 428-0905

  

 

2.                Severability.  If any clause or provision of this Goodwill
Protection Agreement is illegal, invalid or unenforceable under any present or
future law, the remainder of this Goodwill Protection Agreement will not be
affected thereby. It is the intention of the parties that if any such provision
is held to be illegal, invalid or unenforceable, there will be added in lieu
thereof a provision as similar in terms to such provisions as is possible and
to be legal, valid and enforceable.

 

3.                Entire
Agreement.  This Goodwill Protection
Agreement, together with the Purchase Agreement and the other instruments
executed in connection therewith, constitute the entire agreement between the
parties with respect to the subject matter hereof and there are no agreements,
understandings, warranties or representations except as set forth herein.  Neither this Goodwill Protection Agreement
nor any of the provisions hereof can be changed, waived, discharged or
terminated except by an instrument signed by the party against whom enforcement
of the change, waiver, discharge or termination is sought.

 

4.                Attorneys’
Fees.  If any party institutes an action
or proceeding against any other party relating to the provisions of this
Goodwill Protection Agreement, the party to such action or proceeding which
does not prevail will reimburse the prevailing party therein for the reasonable
expenses of attorneys’ fees and disbursements incurred by the prevailing party.

 

5.                Waiver.  Waiver of performance of any obligation or
term contained in this Goodwill Protection Agreement by any party, or waiver by
one party of the other’s default hereunder will not operate as a waiver of
performance of any other obligation or term of this Goodwill Protection
Agreement or a future waiver of the same obligation or a waiver of any future
default.

 

6.                Assignment.  The Buyer may assign all or any portion of
its rights hereunder to:

 

3

 

(a) any other entity or person which at any time controls or is
under common control with the Buyer, or (b) any entity or person which
acquires all or any portion of the Business but without release of the Buyer’s
liability hereunder for payment.

 

7.                Governing Law.  This Goodwill Protection Agreement will be
interpreted, construed and enforced in accordance with the laws of the State of
Illinois, regardless of any applicable principles of conflicts of law. Venue
and jurisdiction shall be vested in the Circuit Court of Macon County,
Illinois, or the Federal Court having jurisdiction in Macon County, Illinois,
in the event of any dispute under this Agreement.

 

[Signature Pages Follow]

 

4

 

SIGNATURE PAGE TO GOODWILL PROTECTION AGREEMENT

 

IN WITNESS WHEREOF, this Agreement has been executed by the parties
effective the date first above written.

 

	
   

  	
  /S/NORMAN GREENBERG

  	
   

  
	
   

  	
  NORMAN GREENBERG, individually

  
	
   

  	
  (the “Seller”)

  

 

5

 

SIGNATURE PAGE TO GOODWILL PROTECTION AGREEMENT

 

IN WITNESS WHEREOF, this Agreement has been executed by the parties
effective the date first above written.

 

	
   

  	
  APOTHECARYRX, LLC, an

  
	
   

  	
  Oklahoma limited liability company

  
	
   

  	
   

  
	
   

  	
  By

  	
  /S/LEWIL P. ZEIDNER

  	
   

  
	
   

  	
  Lewis P. Zeidner, President

  

 

6EXHIBIT
10.3

 

EMPLOYMENT
AGREEMENT

 

THIS
AGREEMENT is made effective the 17th day of January, 2008, between APOTHECARYRX,
LLC, an Oklahoma limited liability company (the “Company”) and ARIC GREENBERG,
an individual (the “Manager”).

 

W
I T N E S S E T H :

 

WHEREAS,
the Company desires to retain the services of the Manager and the Manager
desires to make the Manager’s services available to the Company.

 

NOW
THEREFORE, in consideration of the mutual promises herein contained, the
Company and the Manager agree as follows:

 

1.                  Employment. The Company hereby employs the Manager and the Manager hereby accepts
employment subject to the terms and conditions contained in this Agreement. The
Manager is engaged as an employee of the Company, and the Manager and the Company
do not intend to create a joint venture, partnership or other relationship
which might impose a fiduciary obligation on the Manager or the Company in the
performance of this Agreement.

 

2.                 Manager’s Duties. The Manager is employed on a full-time
basis. The Manager will use the Manager’s best efforts and due diligence to
achieve the most profitable operation of the Company and the Company’s
subsidiary corporations, partnerships and entities which is consistent with
developing and maintaining a quality business operation.

 

1.                    Specific Duties. Initially, the Manager will serve as
manager of the Company’s pharmacy in Decatur, Illinois, known as “Rambo
Pharmacy.” The Manager will perform all of the services required to fully and
faithfully execute the positions to which the Manager is appointed and such
other services as may be reasonably directed by the Manager’s supervisor.

 

2.                                       Supervision. The services of the Manager will be requested and directed by Mr.
James A. Cox, RPh, or such person as Mr. Cox or the President of the Company
may direct.

 

3.                    Other Activities. Unless the Manager has obtained the prior
written approval of the President of the Company, the Manager will not: (a)
engage in business independent of the Manager’s employment by the Company; (b)
serve as an officer, director, general partner or member in any corporation,
partnership, limited liability company or firm; or (c) directly, indirectly or
through any Affiliate (as hereinafter defined), invest in, participate in or
acquire an interest in any Pharmacy Business (as hereinafter defined). For
purposes of this Agreement, the terms: (x) “Pharmacy Business” means owning,
managing, operating, controlling, engaging in or being connected as a partner, investor,
stockholder, creditor, guarantor, advisor, employee, independent contractor or
consultant in the business of selling pharmaceutical and over-thecounter drugs
and related merchandise; (y) “Affiliate” means as to any Person (as hereinafter
defined), each other person that directly or indirectly (through one [1] or
more intermediaries) controls, is controlled by or is under common control with
such person; and (z) “Person” means an individual, corporation, partnership,
association, joint stock company, trust, associate (as defined in regulations
promulgated by the Securities Exchange Commission) or other legally
recognizable entity. The limitation in this paragraph 3 will not prohibit any
investment by the Manager in securities which are listed on a public exchange
or the National Association of Securities Dealers Automated Quotation System and
issued by a company, firm, corporation, partnership, trust or other entity involved
in the Pharmacy Business, provided that the Manager, the Manager’s family and
Affiliates own in the aggregate not more than five percent (5%) of the
outstanding voting securities of the entity.

 

1

 

4.                    Manager’s Compensation. The Company agrees to
compensate the Manager as follows:

 

1.                    Base Salary. The Company will pay a base salary (the “Base Salary”) to the Manager
at the bi-weekly rate of $4,615.38 for full-time work in month one and the
bi-weekly rate of $2,307.69 for half-time work in months two and three.
Payments will be made on the Company’s regular pay days.

 

2.                    Compensation Review. The compensation of the Manager will be
reviewed not less frequently than annually by the Managers of the Company. The compensation
of the Manager prescribed by paragraph 4 of this Agreement may be increased or
decreased at the discretion of the board of directors of the Company.

 

5.                    Term. The employment relationship evidenced by this Agreement is an at-will
employment relationship and each of the parties may terminate this Agreement at
any time as provided below. Unless earlier terminated pursuant to this
paragraph 5, this Agreement will extend for a term of three (3) months
commencing on the date hereof.

 

1.                    Termination by Company. The Company will have the following rights
to terminate this Agreement:

 

1.                    Termination without Cause. The Company may terminate this Agreement without
cause at any time by the service of written notice of termination to the
Manager specifying an effective date of such termination not earlier than
thirty (30) days after the date of such notice. In the event the Manager is
terminated without cause, the Company will not have any obligation to provide
any further payments or benefits to the Manager at the effective date of such
termination.

 

2.                                       Termination for Cause. The Company may terminate this Agreement
for cause if the Manager commits malfeasance including, without limitation:

 

(a) misappropriating the
property of the Company or committing any other act of dishonesty; (b) engaging
in personal misconduct which injures or could injure the Company; (c) willfully
violating any law or regulation relating to the business of the Company; (d)
willfully and repeatedly failing to perform the Manager’s duties hereunder; (e)
willfully violating this Agreement; and (f) failing to maintain the ability to
participate as a Medicare/Medicaid Provider. In the event this Agreement is
terminated for cause, the Company will not have any obligation to provide any
further payments or benefits to the Manager after the effective date of such
termination.

 

2.                    Termination by Manager. The Manager may voluntarily terminate this Agreement
with or without cause by serving written notice of such termination to the
Company specifying an effective date of such termination not later than thirty
(30) days after the date of such notice. In the event this Agreement is
terminated by the Manager, the Company will not have any obligation to provide
any further payments or benefits to the Manager after the effective date of
such termination.

 

3.                    Incapacity of Manager. If the Manager suffers from a physical or
mental condition which in the reasonable judgment of the Company’s Managers
prevents the Manager from performing the duties specified herein for a period
of one consecutive month, the Manager may be terminated. Although the
termination will be deemed to be a termination with cause, the Manager will
receive as termination compensation: (a) any benefits payable under any
disability plans under paragraph 4.2 of this Agreement; and (b) the benefits
described in paragraph 4.2 of this Agreement accrued through the effective date
of such termination.

 

2

 

4.                    Death of Manager. If the Manager dies during the term of this
Agreement, the Company may thereafter terminate this Agreement without
compensation to the Manager’s estate except for the benefits described in
paragraph 4.2 of this Agreement accrued through the effective date of such
termination.

 

5.                    Effect of Termination. The termination of this Agreement will
terminate all obligations of the Manager to render services on behalf of the
Company under this Agreement, provided that: (a) the Manager will maintain the
confidentiality of all information acquired by the Manager during the term of
this Agreement; and (b) the Manager’s obligations under and the provisions of
paragraphs 6, 7 and 8 of this Agreement will survive termination. The
termination of this Agreement will have no effect on the obligations of the
Manager under any other agreement. Except as otherwise provided in paragraph 5
of this Agreement, no accrued bonus, severance pay or other form of compensation
will be payable by the Company to the Manager by reason of the termination of
this Agreement. All keys, credit cards, files, records, financial information,
furniture, furnishings, equipment, supplies and other items relating to the
Company will remain the property of the Company. The Manager will have the
right to retain and remove all personal property and effects which are owned by
the Manager and located in the offices of the Company. All such personal items will
be removed from such offices no later than fourteen (14) days after the
effective date of termination, and the Company is hereby authorized to discard
any items remaining. Prior to the effective date of termination, the Manager
will render such services to the Company as might be reasonably required to
provide for the orderly termination of the Manager’s employment.

 

6.                    Confidentiality. The Manager recognizes that the nature of
the Manager’s services are such that the Manager will have access to information
which constitutes trade secrets, is of a confidential nature, is of great value
to the Company or is the foundation on which the business of the Company is
predicated. The Manager agrees not to disclose to any person other than the
Company’s pharmacists or the Company’s legal counsel nor use for any purpose,
other than the performance of this Agreement, any information, data or material
(regardless of form) which is (the “Confidential Information”): (a) a trade
secret; (b) provided, disclosed or delivered to the Manager by the Company, any
officer, director, pharmacist, agent, attorney, accountant, consultant or other
person or entity employed by the Company in any capacity, any customer, borrower
or business associate of the Company or any public authority having
jurisdiction over the Company of any business activity conducted by the
Company; or (c) produced, developed, obtained or prepared by or on behalf of
the Manager or the Company (whether or not such information was developed in
the performance of this Agreement) with respect to the Company or any assets,
Pharmacy Business prospects, business activities, officers, directors,
pharmacists, borrowers or customers of the foregoing. On request by the
Company, the Company will be entitled to a copy of the Confidential Information
in the possession of the Manager. The Manager also agrees that the provisions
of this paragraph 6 will survive the termination, expiration or cancellation of
this Agreement and that on termination, expiration or cancellation of this
Agreement, the Manager will deliver to the Company all originals and copies of
the information, data and material containing such information. For purposes of
paragraphs 6 and 7 of this Agreement, the term Company expressly includes any
of the Company’s affiliated corporations, partnerships or entities.

 

7.                    Proprietary Matters. The Manager expressly understands and
agrees that any and all improvements, inventions, discoveries, processes or
know-how that are generated or conceived by the Manager during the term of this
Agreement, whether generated or conceived during the Manager’s regular working
hours or otherwise, will be the sole and exclusive property of the Company.
Whenever requested by the Company (either during the term of this Agreement or
thereafter), the Manager will assign or execute any and all applications,
assignments and or other instruments and do all things which the Company deems
necessary or appropriate in order to permit the Company to: (a) assign and
convey or otherwise make available to the Company the sole and exclusive right,
title and interest in and to said improvements, inventions, discoveries, processes,
know-how, applications, patents, copyrights, trade names or trademarks; or (b)
apply for, obtain, maintain, enforce and defend patents, copyrights, trade
names or trademarks of the United States or of foreign countries for said
improvements, inventions, 

 

3

 

discoveries, processes or know-how. The
Manager further agrees that the provisions of this paragraph 7 will survive
termination, expiration or cancellation of this Agreement.

 

8.                    Non-Compete. For the period commencing on the effective date of this Agreement and
ending on the date which is one (1) year after the termination of the Manager’s
employment under this Agreement for any reason, the Manager will not directly
or indirectly (as an individual, pharmacist, owner, manager, director,
consultant, agent or in any other capacity whatsoever):

 

1.                    In connection with any aspect of a Pharmacy
Business, recruit, hire, assist others in recruiting or hiring, discuss
employment with or refer to others for employment any person who at such time
is or, during the twelve (12) months prior to the termination of the Manager’s
employment, was an employee of the Company or any of the Company’s Affiliates;
or

 

2.                    In connection with any aspect of a Pharmacy
Business, solicit the customers, acquisition prospects, suppliers, dealers, or
independent salespersons of the Company or any of the Company’s Affiliates or
induce or attempt to induce any such customer, acquisition prospect, supplier,
dealer or independent salesperson to discontinue their relationship with the
Company or any of the Company’s Affiliates.

 

It is understood and agreed that the scope of
each of the covenants contained in this paragraph 8 is reasonable as to time,
area and persons and is necessary to protect the legitimate business interests
of the Company. It is further agreed that such covenants will be regarded as
divisible and will be operative as to time, area and persons to the extent such
provisions may be operative under applicable law.

 

9.                    Arbitration. The parties will attempt to promptly resolve any dispute or
controversy arising out of or relating to this Agreement or termination of the
Manager by the Company. Any negotiations pursuant to this paragraph 9 are
confidential and will be treated as compromise and settlement negotiations for
all purposes. If the parties are unable to reach a settlement amicably, the
dispute will be submitted to binding arbitration before a single arbitrator in
accordance with the Employment Dispute Resolution Rules of the American
Arbitration Association. The arbitrator will be instructed and empowered to
take reasonable steps to expedite the arbitration and the arbitrator’s judgment
will be final and binding upon the parties subject solely to challenge on the
grounds of fraud or gross misconduct. Except for damages arising out of a
breach of paragraphs 6 or 7 of this Agreement, the arbitrator is not empowered
to award total damages (including compensatory damages) which exceed 300% of
compensatory damages and each party hereby irrevocably waives any damages in
excess of that amount. The arbitration will be held in Macon County, Illinois.
Judgment upon any verdict in arbitration may be entered in any court of
competent jurisdiction and the parties hereby consent to the jurisdiction of,
and proper venue in, the federal and state courts serving such County. Each
party will bear its own costs in connection with the arbitration and the costs
of the arbitrator will be borne by the party who the arbitrator determines did
not prevail in the matter. Unless otherwise expressly set forth in this
Agreement, the procedures specified in this paragraph 9 will be the sole and
exclusive procedures for the resolution of disputes and controversies between
the parties arising out of or relating to this Agreement. Notwithstanding the
foregoing, a party may seek a preliminary injunction or other provisional
judicial relief if in such party’s judgment such action is necessary to avoid
irreparable damage or to preserve the status quo.

 

10.                 Miscellaneous. The parties further agree as follows:

 

1.                    Time. Time is of the essence of each provision of this Agreement.

 

2.                    Notices. Any notice, payment, demand or communication required or permitted to
be given by any provision of this Agreement will be in writing and will be
deemed to have been given when delivered personally or by telefacsimile to the party
designated to receive such notice, or on the date following the day sent by
overnight courier, or on the third (3rd) business day after the same is sent by
certified mail, postage and charges prepaid, directed to the following address
or to 

 

4

 

such other or additional
addresses as any party might designate by written notice to the other party:

 

	
  To the Company:

  	
   

  	
  ApothecaryRx, LLC

  
	
   

  	
   

  	
  C/o Mr. Lewis P. Zeidner,
  President

  
	
   

  	
   

  	
  5500 Wayzata Boulevard,
  Suite 210

  
	
   

  	
   

  	
  Golden Valley, Minnesota
  55416

  
	
   

  	
   

  	
  Fax:  (763) 647-1137

  
	
  To the Manager:

  	
   

  	
  Aric Greenberg

  
	
   

  	
   

  	
  249 S. Linden

  
	
   

  	
   

  	
  Decatur, Illinois 62522

  

 

3.                    Assignment. Neither this Agreement nor any of the parties’ rights or obligations hereunder
can be transferred or assigned without the prior written consent of the other
parties to this Agreement.

 

4.                    Construction. If any provision of this Agreement or the
application thereof to any Person or circumstances is determined, to any
extent, to be invalid or unenforceable, the remainder of this Agreement, or the
application of such provision to Persons or circumstances other than those as
to which the same is held invalid or unenforceable, will not be affected
thereby, and each term and provision of this Agreement will be valid and
enforceable to the fullest extent permitted by law. This Agreement is intended
to be interpreted, construed and enforced in accordance with the laws of the
State of Illinois.

 

5.                    Entire Agreement. This Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter herein
contained, and no modification hereof will be effective unless made by a
supplemental written agreement executed by all of the parties hereto.

 

6.                    Binding Effect. This Agreement will be binding on the
parties and their respective successors, legal representatives and permitted
assigns.

 

7.                    Attorneys’ Fees. If any party institutes an action or
proceeding against any other party relating to the provisions of this Agreement
or any default hereunder, the unsuccessful party to such action or proceeding
will reimburse the successful party therein for the reasonable expenses of
attorneys’ fees and disbursements and litigation expenses incurred by the
successful party.

 

[Signature
Pages Follow]

 

5

 

SIGNATURE
PAGE TO EMPLOYMENT AGREEMENT

 

IN WITNESS WHEREOF, this
Agreement has been executed by the parties effective the date first above
written.

 

	
   

  	
  /S/ ARIC GREENBERG

  	
   

  
	
   

  	
  ARIC GREENBERG,
  individually

  
	
   

  	
  (the “Manager”)

  

 

6

 

SIGNATURE
PAGE TO EMPLOYMENT AGREEMENT

 

IN WITNESS WHEREOF, this
Agreement has been executed by the parties effective the date first above
written.

 

	
   

  	
  APOTHECARYRX, LLC, an

  
	
   

  	
  Oklahoma limited liability
  company

  
	
   

  	
   

  
	
   

  	
  By

  	
  /S/ LEWIS P. ZEIDNER

  	
   

  
	
   

  	
  Lewis P. Zeidner,
  President

  
	
   

  	
  (the “Company”)

  

 

7

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