Document:

Unassociated Document

     

    
      	
              CareAdvantage

            	
              485C
      Rt. 1 South

            
	 
      	
              4th
      Floor, Suite 400

            
	 
      	
              Iselin,
      NJ  08830-3037

            
	 
      	
              Tel:  866-863-6555

            
	 
      	
              732-362-5000

            
	 
      	
              Fax:  732-362-5005

            
	 
      	
              www.careadvantage.com

            

    

    

    December
30, 2009

    
      	 
      
	 
      	
              Via:
      U.S. Mail And Facsimile

            

    

     

    Blue
Cross and Blue Shield of Vermont

    445
Industrial Lane

    Montpelier,
Vermont  05602

    Attn:      Don
C. George

    President
and Chief Executive Officer

    

    Dear
Don:

     

    This will confirm our agreement whereby
CareAdvantage, from January 1, 2010 to January 31, 2010, will provide to Blue
Cross and Blue Shield of Vermont (“BCBSVT”) the services of Stephen Perkins,
M.C., in exchange for BCBSVT’s payment of $*, which amount shall be paid without
invoice no later than January 31, 2010.

     

    Assuming that this letter accurately
reflects our understanding, please countersign a copy and return it to
me.  Thank you.

     

    
      
        	
                Sincerely,

              
	 
      
	
                /s/
      Dennis J. Mouras

              
	 
      
	
                Dennis
      J. Mouras

              
	
                President
      & Chief Executive Officer

              

      

    

    

    Agreed:

     

    Blue
Cross and Blue Shield of Vermont

     

    

    
      
        	
                By:

              	
                /s/ Don C. George

              
	 
      	
                Don
      C. George

              
	 
      	
                President
      & Chief Executive Officer

              

      

    

     

    
       

      
        

      

      Portions of
this page have been omitted pursuant to Confidential Treatment Request and filed
separately with the Commission.Unassociated Document

    STOCK
OPTION AND WARRANT

    CANCELLATION AND SURRENDER
AGREEMENT

    

    

    THIS STOCK OPTION AND WARRANT
CANCELLATION AND SURRENDER AGREEMENT (this “Agreement”)
is made to be effective as of the 19th day of February, 2010, by and between
Ohio Legacy Corp., an Ohio corporation (“OLC”), and
_______________, an individual resident of the State of __________ (the “Optionee”).

    

    WITNESSETH:

    

    WHEREAS, the Optionee is the
holder of an outstanding option to purchase __________ OLC common shares, no par
value per share (the “Option”)
and warrants to purchase __________ shares of common stock, no par value per
share (the “Warrants”)
(the Option and the Warrants collectively referred to as “Rights”);

     

    WHEREAS, the Option was
granted in accordance with the Ohio Legacy Corp. Omnibus Stock Option, Stock
Ownership and Long Term Incentive Plan (the “Plan”);

     

    WHEREAS, OLC is in the process
of completing a Change in Control Transaction, as defined in the Plan (the
“Transaction”);

     

    WHEREAS, pursuant to Section
3.6 of the Plan (in the case of Employee options) and Section 5.6 (in the case
of Director options), the Rights, if not fully exercised prior to the
consummation of the Transaction, will terminate unless the Rights are assumed in
writing by the successor in the Transaction or the successor has agreed in
writing to grant substitute options of the successor;

     

    WHEREAS, the successor in the
Transaction has not agreed in writing to assume the Rights or substitute any
Rights therefore; and

     

    WHEREAS, unless the Optionee
exercises all of the Rights prior to the consummation of the Transaction, such
Rights will terminate at of the consummation of the Transaction;

     

    WHEREAS,
the Optionee does not intend to exercise the Rights prior to consummation of the
Transaction;

     

    NOW, THEREFORE, OLC and the
Optionee hereby agree as follows:

     

    1.           The
Optionee acknowledges that (i) the Rights will be terminated as of the effective
time of the Transaction unless exercised in full prior to such time, and (ii)
the Optionee does not intend to exercise such Rights.

     

    2.           The
Rights are hereby cancelled and extinguished and are hereafter of no further
force or effect, as a result of which the Optionee has no rights related
thereto.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    3.           The
Optionee hereby releases any and all rights or claims that the Optionee may have
against OLC, its directors, officers, affiliates, representatives, agents and
successors arising in any way under the Plan or in any way related to the
Rights.

     

    4.           If
for any reason the Transaction is not completed, this Agreement shall be null
and void and of no force or effect.

     

    5.           This
Agreement shall be governed in all respects by the laws of the State of
Ohio.  This Agreement may be executed in multiple counterparts and by
facsimile or electronic transmission, each of which shall be an original and all
of which together shall constitute one and the same Agreement.

     

    

     

    [Remainder
of Page Intentionally Blank; Signatures Follow]

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    

     

    IN WITNESS WHEREOF, the
undersigned have executed this Stock Option and Warrant Cancellation Agreement
to be effective as of date first above written.

     

     

    
       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	OPTIONEE 	 	 	OHIO
      LEGACY CORP. 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
                                       

                                    	 	 	By:  	
                                       

                                    	 
	
                                            
                                         

                                      

                                    	 	 	  
      	
                                      D.
      Michael Kramer, President and CEO 

                                    	 
	
                                       
      

                                    	 	 	 	
                                       

                                    	 

                            

                          

                        

                      

                    

                     

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3Unassociated Document

    TERMINATION AGREEMENT

    

    THIS AGREEMENT OF TERMINATION OF
EMPLOYMENT AGREEMENT (this “Agreement”) is made to be effective as
of the 19th day of
February, 2010, by and between Ohio Legacy Corp., an Ohio corporation (“OLC”), and
D. Michael Kramer, an individual resident of the State of Ohio (the “Executive”).

    

    WITNESSETH:

    

    WHEREAS, the Executive and OLC
are parties to that certain amended and restated employment agreement dated May
24, 2005, (the “Executive
Agreement”);

     

    WHEREAS, OLC and Excel
Financial, LLC (including its permitted assigns, “Excel”)
are parties to that certain Stock Purchase Agreement dated  November
15, 2009 (the “Purchase
Agreement”), pursuant to which Excel will purchase 15,000,000 shares of
OLC, which will constitute 76% of OLC’s outstanding shares
after the transaction;

     

    WHEREAS, pursuant to Sections
2.04(a)(xiii) and 6.03(h) of the Purchase Agreement, OLC has agreed, as a
condition to the closing of the purchase by Excel the Executive Agreement will
be terminated;

     

    WHEREAS, the Executive, as a
shareholder of OLC, will benefit from the investment in OLC by
Excel;

     

    WHEREAS, Excel would not make
its investment in the Company if the Executive Agreement remained in effect and
the Executive would not benefit from Excel’s investment;

     

    WHEREAS, the Executive desires
to terminate the Executive Agreement to facilitate the purchase of shares by
Excel; and

     

    NOW, THEREFORE, in
consideration of the mutual promises and agreements set forth herein, the
investment by Excel in OLC and the resulting benefit to be received by the
Executive and the potential continued employment of the Executive as an
“at-will” employee after the closing of the stock purchase, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, OLC and the Executive hereby agree as follows:

     

    1.           Effective
immediately prior to the consummation of the transactions contemplated by the
Purchase Agreement, OLC and the Executive hereby (i) terminate the Executive
Agreement, (ii) agree that the Executive Agreement shall be of no further force
or effect and (iii) agree that neither OLC nor the Executive will have any
further rights or obligations thereunder.  Notwithstanding the
foregoing, Sections 6 and 7 regarding nonsolicitation and nondisclosure shall
remain in full force and effect.

     

    2.           Notwithstanding
anything in this Agreement to the contrary, OLC and the Executive agree that in
the event that the closing under the Purchase Agreement does not occur or the
Purchase Agreement is terminated: (i) this Agreement will be null and void
and will have no force or effect; (ii) neither OLC nor the Executive, nor
their respective successors and assigns, will have any rights or obligations
hereunder; and (iii) the Executive Agreement will remain in full force and
effect as if this Agreement were never entered into.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    3.           The
Executive acknowledges that the payment of any severance or termination payments
to which the Executive may be entitled under the Executive Agreement has been
prohibited by the Office of the Comptroller of the Currency and that no such
payments will be made in connection with the execution hereof.

    

    4.           The
Executive hereby releases any and all rights or claims that the Executive may
have against OLC, its directors, officers, affiliates, representatives, agents
and successors arising in any way under the Executive Agreement or in any way
related to the Executive Agreement.

     

    5.           This
Agreement shall be governed in all respects by the laws of the State of
Ohio.  This Agreement will be binding upon and inure to the benefit of
OLC’s and the Executive’s respective successors and assigns.  This
Agreement may be executed in multiple counterparts and by facsimile or
electronic transmission, each of which shall be an original and all of which
together shall constitute one and the same Agreement.

     

    

     

    [Remainder
of Page Intentionally Blank; Signatures Follow]

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    IN WITNESS WHEREOF, the
undersigned have executed this Termination Agreement to be effective as of date
first above written.

     

     

    
      
        
          
            
              
                
                  
                    
                      
                        	EXECUTIVE 	 	 	OHIO
      LEGACY CORP. 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
                                /s/
      D. Michael Kramer

                              	 	 	By:  	
                                /s/
      Daniel H. Plumly  

                              	 
	
                                      
                                  D.
      Michael Kramer

                                

                              	 	 	Name: 
      	
                                Daniel
      H. Plumly 

                              	 
	
                                 
      

                              	 	 	Title:	
                                Secretary

                              	 

                      

                    

                  

                   

                

              

            

          

        

      

    

    
      
         

      

      
        -3-

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