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Unassociated Document

    EMPLOYMENT
      AGREEMENT

    

    

    AGREEMENT
      dated as
      of the 15th
      day of
      April, 2006 by and between Netsmart Technologies, Inc., a Delaware corporation
      with its principal office at 3500 Sunrise Highway, Suite D-122, Great River,
      New
      York 11739 (the “Company”), and Gerald Koop, residing at 13 Squires Avenue, East
      Quoque, NY 11942 (the “Executive”) superceding all other agreements or
      understandings heretofore in effect.

    

    

    WITNESSETH:

    

    

    WHEREAS,
      the
      Company formerly employed the Executive as the chief executive officer of its
      subsidiary, Creative Socio-Medics Corp. (“CSM”) and as an officer of the
      Company; and

    

    WHEREAS,
      notwithstanding Executive’s retirement from those positions effective December
      31, 2005, the Company desires to continue to obtain the benefits of Executive’s
      knowledge, skill and ability and to continue to employ Executive on the terms
      and conditions hereinafter set forth; and

    

    WHEREAS,
      the
      Executive desires to provide his services to the Company and to accept
      employment by the Company on the terms and conditions hereinafter set
      forth;

    

    NOW,
      THEREFORE,
      in
      consideration of the mutual promises set forth in this Agreement, the parties
      agree as follows:

    

    

    1.  Employment
      and Duties.

    

    (a)  Subject
      to the terms and conditions hereinafter set forth, the Company hereby employs
      the Executive. During the Employment Term, as hereinafter defined, the Executive
      shall report to the Company’s chief executive officer. The Executive shall work
      in developing and managing strategic sales opportunities. The Executive shall
      also perform such other duties and responsibilities as may be determined by
      the
      Company’s board of directors (the “Board”) or the Company’s chief executive
      officer, as long as such duties and responsibilities are consistent with those
      of a senior executive officer. 

    

    (b)  The
      Executive shall serve as a director of the Company or any of its subsidiaries,
      if elected, and in such executive capacity or capacities with respect to any
      affiliate of the Company to which he may be elected or appointed, provided
      that
      such duties are consistent with those of a senior executive officer. During
      the
      Employment Term, the Executive shall receive no additional compensation for
      services rendered pursuant to this Paragraph 1(b). 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)  Unless
      terminated earlier as provided for in Paragraph 1(d) or Paragraph 6 of this
      Agreement, this Agreement shall have a term commencing as of the date of this
      Agreement and expiring on the first anniversary date thereof. Notwithstanding
      the foregoing, the parties may mutually agree to extend the initial term for
      successive one-year periods, which agreement by the Company shall not be
      unreasonably withheld in the event that Executive achieves strategic sales
      in
      accordance with the Company’s 2006 strategic sales commission Plan, attached as
      Exhibit A hereto (“Strategic Sales Plan”).

    

    (d)  Notwithstanding
      the provisions of Paragraph 1(c) of this Agreement, as long as this Agreement
      shall not have been terminated pursuant to Paragraph 6(a), (b) or (c) of this
      Agreement, the Executive, on ninety (90) days written notice to the Board,
      shall
      have the right to terminate the Employment Term, in which event (i) the
      Employment Term shall end on the date set forth in such notice with the same
      effect as if such date were the last day of the Employment Term set forth in
      Paragraph 1(c) of this Agreement, and (ii) such termination of the Employment
      Term by the Executive shall be deemed to be Retirement by the Executive as
      such
      term is defined in the Company’s Executive Retirement Plan (the terms and
      conditions of which are incorporated by reference herein). 

    

    

    2.  Executive’s
      Performance of Duties.

    

    The
      Executive hereby accepts the employment contemplated by this Agreement. During
      the Employment Term, the Executive shall devote one-half of his business time
      to
      the performance of his duties under this Agreement, and shall perform such
      duties diligently, in good faith and in a manner consistent with the best
      interests of the Company.

    

    

    3.  Compensation
      and Other Benefits.

    

    (a)  
      For his
      services to the Company during the Employment Term, the Company shall pay the
      Executive an annual salary (“Salary”) at the rate of $112,000. All Salary
      payments shall be payable in such installments as the Company regularly pays
      its
      executive officers, but not less frequently than semi-monthly. 

    

    (b)  The
      Executive will participate in the yearly Strategic Sales Plan. Such commissions
      will be paid quarterly strategic.

    

    (c)  If
      the
      Compensation Committee of the Board (“the Committee”) establishes a bonus plan
      or bonus pool for the Company’s key management employees, which bonus plan or
      bonus pool may be based on a percentage of the Company’s net income or such
      other formula as the Committee may determine, or which bonus plan or bonus
      pool
      may be based on the Committee’s judgmental assessment of the Company’s strategic
      progress and performance (including, but not limited to, the successful
      completion or implementation of certain acquisitions, divestitures, partnerships
      or other business combinations), the Executive shall participate in such bonus
      plan or pool commensurate with his position in the Company. In the event a
      bonus
      pool is established, the parties intend that the Executive shall receive a
      bonus
      in an amount equal to 50% of the average bonus paid to the Company’s senior
      management team, excluding bonuses paid to the Company’s Chief Executive Officer
      and Chief Financial Officer. The size of the bonus pool and the extent of
      Executive’s participation in the bonus pool will be determined by the
      Compensation Committee, whose determination shall be final, binding and
      conclusive on the Company and the Executive. If, for any year, no bonus plan
      or
      bonus pool is established, the Executive shall be eligible for a discretionary
      bonus as determined by the Compensation Committee and the Board. Any bonus
      payments made to the Executive shall hereinafter be referred to as
“Bonus.”

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (d)
      The
      Executive shall receive the following benefits during the Employment Term and
      for a period of six calendar years following Retirement (including the year
      in
      which Retirement occurs):

    (i)  Major
      medical health insurance for the Executive and members of his immediate
      family.

    

    (ii)  Accident
      and life insurance to the extent such benefits are currently provided to the
      Company’s executive officers, and long-term disability insurance which is
      currently in effect for the Executive, provided that the aggregate premiums
      paid
      directly by the Company and/or reimbursed by the Company to the Executive for
      such insurance coverage shall not exceed $7,500 per annum, and provided further
      that during Retirement such insurance coverage shall only be provided to
      Executive to the extent permitted by the Company’s insurers. Should the
      aggregate premium for such insurance coverage be less than $7,500 per annum
      during the term of this Agreement, the Executive may, in his sole discretion,
      obtain additional insurance coverage such that the aggregate premium of such
      additional insurance and the insurance then in force shall not exceed $7,500
      per
      annum, and the premium for such additional insurance shall be timely reimbursed
      to the Executive by the Company.

    

    (iii)  Long-term
      medical care insurance to the extent that the Company is able, by using
      reasonable efforts, to obtain such coverage for an annual premium which does
      not
      exceed $3,000. To the extent that the annual premium for such coverage exceeds
      $3,000, if the Executive desires such coverage, he shall be responsible for
      the
      additional premiums.

    

    (e) The
      Executive shall receive the following benefits during the Employment
      Term:

    

    (i) An
      automobile allowance of $1,200 per month payable monthly.

    

    (ii) Vacation
      of five (5) weeks per annum. 

     

    (f) Subsequent
      to the Employment Term for the balance of the Executive’s life, the Company will
      obtain major medical health insurance for the Executive and his spouse which
      is
      comparable with the major medical and other health insurance provided from
      time
      to time by the Company to its employees; provided that to the extent that such
      insurance costs the Company more than $600 per month, any excess premium shall
      be paid by the Executive. In the event that the Executive is covered by major
      medical insurance by another company subsequent to the termination of the
      Employment Term, the Company shall not be required to provide such benefits
      to
      the Executive.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (g) Any
      payments (“disability insurance payments”) received by the Executive pursuant to
      a disability policy obtained through the Company (whether paid for by the
      Company or the Executive) shall be applied on a dollar-for-dollar basis to
      reduce the Salary or disability payments payable by the Company pursuant to
      this
      Agreement during the period when such disability insurance payments are being
      made.

    

    

    

    4.   Reimbursement
      of Expenses. 

    

    The
      Company shall reimburse the Executive, upon presentation of proper expense
      statements, for all authorized, ordinary and necessary out-of-pocket expenses
      reasonably incurred by the Executive during the Employment Term in connection
      with the performance of his services pursuant to this Agreement hereunder in
      accordance with the Company’s expense reimbursement policy.

    

     

    5. INTENTIONALLY
      OMITTED

    

    

    6. Termination
      of Employment.

    

    (a)  This
      Agreement and Executive’s employment hereunder shall terminate immediately upon
      the death of the Executive.

    

    (b)  This
      Agreement and Executive’s employment relationship pursuant to this Agreement,
      may be terminated by the Executive or the Company on not less than thirty (30)
      days’ written notice in the event of Executive’s Disability. For purposes of
      this Agreement, the term “Disability” shall mean any illness, disability or
      incapacity of the Executive which prevents him from substantially performing
      his
      regular duties for a period of three (3) consecutive months or four (4)
      months, even though not consecutive, in any twelve (12) month period. However,
      if the Executive is covered by long-term disability insurance, the Company
      may
      not terminate this Agreement pursuant to this Paragraph 6(b) unless the
      Executive is then eligible for and receiving disability payments under his
      long-term disability insurance.

    

    (c)  
      In the
      event of a termination of the Executive’s employment as a result of his death or
      Disability, as herein defined, the Company shall continue to pay to the
      Executive or his beneficiary, his Salary at the annual rate in effect at the
      date of death or date of termination resulting from a Disability, until the
      earlier of (i) six (6) months from the date of death or such termination
      resulting from a Disability or (ii) the expiration of the Employment
      Term.

    

    (d) The
      Company may terminate this Agreement and the Executive’s employment relationship
      pursuant to this Agreement for Cause, in which event no further compensation
      shall be payable to Executive subsequent to the date of such termination. The
      term “Cause” shall mean (i)  repeated failure to perform material
      instructions from the Board, provided that such instructions are reasonable
      and
      consistent with Executive’s duties as set forth in Paragraph 1 of this
      Agreement, (ii) a breach of Paragraphs 7, 8 or 9 of this Agreement; (iii) a
      breach of trust whereby the Executive obtains personal gain or benefit at the
      expense of or to the detriment of the Company; or (iv) a conviction of the
      Executive of any felony. If the Company proposes to terminate this Agreement
      pursuant to clauses (i), (ii) or (iii) of this Paragraph 6(d), the Company
      shall
      notify the Executive in writing setting forth in reasonable detail the basis
      for
      the proposed termination, and the Executive shall have a reasonable opportunity
      to respond to the Board and to be represented before the Board by counsel.
      If
      this Agreement is terminated pursuant to clause (iv) of this Paragraph 6(d),
      and
      the conviction is subsequently reversed on appeal, the Company shall pay the
      Executive his Salary for the balance of the Employment Term. For purposes of
      clause (iv) of this Paragraph 6(d), a guilty plea or plea of nolo contendere
      or
      similar plea shall be deemed to be a conviction.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (e) In
      the
      event that the Company terminates the Executive’s employment other than as
      provided in Paragraphs 6(a), (b), (c) and (d) hereof, the Company shall pay
      to Executive as severance payments (w) his Salary then in effect as
      provided in this Agreement for the balance of the Employment Term, (x) his
      Bonus for the year immediately preceding such termination for the balance of
      the
      Employment Term, (y) his automobile allowance, and (z) amounts due in respect
      of
      earned, but unused vacation, all of which shall be paid annually in twelve
      (12)
      equal monthly installments commencing within the month following the month
      in
      which Executive’s termination occurs. The period during which such severance
      payments are payable shall be considered the “Severance Period”, and following
      any such Severance Period, the Executive’s Retirement shall commence for
      purposes of this Agreement and the Company’s Executive Retirement
      Plan.

    

    

    7.   Trade
      Secrets and Proprietary Information.
      

    

    The
      Executive recognizes and acknowledges that the Company, through the expenditure
      of considerable time and money, has developed and will continue to develop
      in
      the future, information concerning customers, clients, marketing, products,
      services, business, research and development activities and operational methods
      of the Company and its customers or clients, contracts, financial or other
      data,
      technical data or any other confidential or proprietary information possessed,
      owned or used by the Company, the disclosure of which could or does have a
      material adverse effect on the Company, its business, any business it proposes
      to engage in, its operations, financial condition or prospects and that the
      same
      are confidential and proprietary and considered “confidential information” of
      the Company for the purposes of this Agreement. In consideration of his
      employment hereunder, the Executive agrees that he will not, during or after
      the
      Term, without the consent of the Board make any disclosure of
      confidential information
      now or hereafter possessed by the Company, to any person, partnership,
      corporation or entity either during or after the term here of, except that
      nothing in this Agreement shall be construed to prohibit the Executive from
      using or disclosing such information (a) if such disclosure is necessary in
      the
      normal course of the Company’s business in accordance with Company policies or
      instructions or authorization from the Board, (b) such information shall become
      public knowledge other than by or as a result of disclosure by a person not
      having a right to make such disclosure, (c) complying with legal process;
      provided, that in the event the Executive is required to make disclosure
      pursuant to legal process, the Executive shall give the Company prompt notice
      thereof and the opportunity to object to the disclosure, or (d) subsequent
      to
      the Term, if such information shall have either (i) been developed by the
      Executive independent of any of the Company’s confidential or proprietary
      information or (ii) been disclosed to the Executive by a person not subject
      to a
      confidentiality agreement with or other obligation of confidentiality to the
      Company. For the purposes of Paragraphs 7, 8 and 9 of this Agreement,
      the term “Company” shall include the Company, its parent, its subsidiaries and
      affiliates.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    8. Covenant
      Not To Solicit or Compete.

    

    (a)  During
      the period from the date of this Agreement until one (1) year after the
      Executive is no longer receiving payments from the Company hereunder or under
      the Company’s Executive Retirement Plan, the Executive will not, directly or
      indirectly:

    

    (i)  Persuade
      or attempt to persuade any person or entity which is or was a customer, client
      or supplier of the Company to cease doing business with the Company,
      or to
      reduce
      the amount of business it does with the Company (the terms “customer” and
“client” as used in this Paragraph 8 to include any potential customer or
      client to whom the Company submitted bids or proposals, or with whom the Company
      conducted negotiations, during the term of Executive’s employment hereunder or
      during the twelve (12) months preceding the termination of his
      employment);

    

    (ii)  solicit
      for himself or any other person or entity other than the Company the business
      of
      any person or entity which is a customer or client of the Company, or was a
      customer or client of the Company during the one (1) year period prior to the
      termination of his employment;

    

    (iii)  persuade
      or attempt to persuade any employee of the Company, or any individual who was
      an
      employee of the Company during the one (1) year period prior to the termination
      of his employment, to leave the Company’s employ, or to become employed by any
      person or entity other than the Company; or

    

    (iv)  engage
      in
      any business in the United States whether as an officer, director, consultant,
      partner, guarantor, principal, agent, employee, advisor or in any manner, which
      directly competes with the business of the Company as it is engaged in at the
      time of the termination of this Agreement, unless, at the time of such
      termination or thereafter during the period that the Executive is bound by
      the
      provisions of this Paragraph 8, the Company ceases to be engaged in such
      activity, provided, however, that nothing in this Paragraph 8 shall be
      construed to prohibit the Executive from owning an interest of not more than
      five (5%) percent of any public company engaged in such activities.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (b) The
      Executive acknowledges that the restrictive covenants (the “Restrictive
      Covenants”) contained in Paragraphs 7, 8 and 9 of this Agreement as a
      condition of his employment are reasonable and valid in geographical and
      temporal scope and in all other respects. If any court determines that any
      of
      the Restrictive Covenants, or any part of any of the Restrictive Covenants,
      is
      invalid or unenforceable, the remainder of the Restrictive Covenants and parts
      thereof shall not thereby be affected and shall remain in full force and effect,
      without regard to the invalid portion. If any court determines that any of
      the
      Restrictive Covenants, or any part thereof, is invalid or unenforceable because
      of the geographic or temporal scope of such provision, such court shall have
      the
      power to reduce the geographic or temporal scope of such provision, as the
      case
      may be, and, in its reduced form, such provision shall then be
      enforceable.

    

    (c)
      The
      Company acknowledges that the payment of his severance hereunder and/or any
      other compensation or benefit due to the Executive is a necessary prerequisite
      to the Executive being bound by the Restrictive Covenants. If the Company fails
      to pay to the Executive his severance hereunder, and/or any other compensation
      or benefit due to the Executive, or any part thereof, within ten business days
      after receipt of written notice of such failure, the Executive shall be relieved
      of his obligations to comply with the Restrictive Covenants. 

    

    

    9.   Inventions
      and Discoveries.

    

    Executive
      agrees promptly to disclose in writing to the Company any invention or discovery
      made by him during the period of time that this Agreement remains in full force
      and effect, whether during or after working hours, in any business in which
      the
      Company is then engaged or which otherwise relates to any product or service
      dealt in by the Company and such inventions and discoveries shall be the
      Company’s sole property. Upon the Company’s request, Executive shall execute and
      assign to the Company all applications for copyrights and letters patent of
      the
      United States and such foreign countries as the Company may designate, and
      Executive shall execute and deliver to the Company such other instruments as
      the
      Company deems necessary to vest in the Company the sole ownership of all rights,
      title and interest in and to such inventions and discoveries, as well as all
      copyrights and/or patents. If services in connection with applications for
      copyrights and/or patents are performed by Executive at the Company’s request
      after the termination of his employment hereunder, the Company shall pay him
      reasonable compensation for such services rendered after termination of this
      Agreement.

    

    

    10.   Injunctive
      Relief.

    

    Executive
      agrees that his violation or threatened violation of any of the provisions
      of
      Paragraphs 7, 8 or 9 of this Agreement shall cause immediate and
      irreparable harm to the Company. In the event of any breach or threatened breach
      of any of said provisions, Executive consents to the entry of preliminary and
      permanent injunctions by a court of competent jurisdiction prohibiting Executive
      from any violation or threatened violation of such provisions and compelling
      Executive to comply with such provisions. This Paragraph 10 shall not
      affect or limit, and the injunctive relief provided in this Paragraph 10
      shall be in addition to, any other remedies available to the Company at law
      or
      in equity or in arbitration for any such violation by Executive. In the event
      an
      injunction is issued against any such violation by Executive, the period
      referred to in Paragraph 8 of this Agreement shall continue until the later
      of the expiration of the period set forth therein or one (1) month from the
      date
      a final judgment enforcing such provisions is entered and the time for appeal
      has lapsed. Subject to Paragraph 8(c) of this Agreement, the provisions of
      Paragraphs 7, 8, 9 and 10 of this Agreement shall survive any termination of
      this Agreement and Executive’s employment relationship with the Company pursuant
      to this Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    11.   Indemnification.
      

    

    The
      Company shall provide the Executive with payment of legal fees and
      indemnification to the maximum extent permitted by the Company’s Certificate of
      Incorporation, By-Laws, and the Delaware General Corporation Law.

    

    

    12.  Miscellaneous.

     

    (a)  Executive
      represents, warrants, covenants and agrees that he has a right to enter into
      this Agreement, that he is not a party to any agreement or understanding, oral
      or written, which would prohibit performance of his obligations under this
      Agreement, and that he will not use in the performance of his obligations
      hereunder any proprietary information of any other party which he is legally
      prohibited from using. The Company represents, warrants and agrees that it
      has
      full power and authority to execute and deliver this Agreement and perform
      its
      obligations hereunder. The Company further represents, warrants and agrees
      that
      the Agreement: (x) has been duly authorized by the Board and no other corporate
      action is required of the Company to enter into this Agreement and perform
      its
      obligations hereunder; (y) does not require the consent of any third party;
      and
      (z) does not violate any law, regulation, rule or material agreement, mortgage,
      bond, pledge, note or other instrument to which it or its properties are bound.
      

     

    (b)  Any
      notice, consent or communication required under the provisions of this Agreement
      shall be given in writing and sent or delivered by hand, overnight courier
      or
      messenger service, against a signed receipt or acknowledgment of receipt, or
      by
      registered or certified mail, return receipt requested, or facsimile or similar
      means of communication if receipt is acknowledged or if transmission is
      confirmed by mail as provided in this Paragraph 12(b), to the parties at
      their respective addresses set forth at the beginning of this Agreement or
      by
      facsimile to the Company at (631) 968-2123 or to Executive at 13 Squires
      Avenue, East Quogue, NY 11942, with notice to the Company being sent to the
      attention of the individual who executed this Agreement on behalf of the
      Company. Either party may, by like notice, change the person, address or
      facsimile number to which notice is to be sent. If no facsimile number is
      provided for the Executive, notice to him shall not be sent by
      facsimile.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)  This
      Agreement shall in all respects be construed and interpreted in accordance
      with,
      and the rights of the parties shall be governed by, the laws of the State of
      New
      York applicable to contracts executed and to be performed wholly within such
      State, without regard to principles of conflicts of laws except that the
      provisions of Paragraph 11 shall be governed by the Delaware General
      Corporation law.

    

    (d)  Except
      for actions, suits, or proceedings taken pursuant to or under Paragraph 8,
      9, 10
      or 11 of this Agreement, any dispute concerning this Agreement or the rights
      of
      the parties hereunder shall be submitted to binding arbitration in New York
      City
      before a single arbitrator under the rules of the American Arbitration
      Association. The award of the arbitrator shall be final, binding and conclusive
      on all parties, and judgment on such award may be entered in any court having
      jurisdiction. The arbitrator shall have the power, in his discretion, to award
      counsel fees and costs to the prevailing party. The arbitrator shall have no
      power to modify or amend any specific provision of this Agreement except as
      expressly provided in Paragraph 12(f) of this Agreement.

    

    (e)  Notwithstanding
      the provisions of Paragraph 12(d) of this Agreement, with respect to any
      claim for injunctive relief or other equitable remedy pursuant to
      Paragraph 10 of this Agreement or any claim to enforce an arbitration award
      or to compel arbitration, the parties hereby (i) consent to the exclusive
      jurisdiction of the United States District Court for the Southern or Eastern
      District of New York and Supreme Court of the State of New York in the County
      of
      New York or Suffolk, (ii) agree that any process in any action commenced in
      such court under this Agreement may be served upon them personally, either
      (x)
      by certified or registered mail, return receipt requested, or by Federal Express
      or other courier service which obtains evidence of delivery, with the same
      full
      force and effect as if personally served upon them in New York City or Suffolk
      County, as the case may be, or (y) by any other method of service permitted
      by
      law, and (iii) waives any claim that the jurisdiction of any such court is
      not a convenient forum for any such action and any defense of lack of in
      personam jurisdiction with respect thereof.

    

    (f)  If
      any
      term, covenant or condition of this Agreement or the application thereof to
      any
      party or circumstance shall, to any extent, be determined to be invalid or
      unenforceable, the remainder of this Agreement, or the application of such
      term,
      covenant or condition to parties or circumstances other than those as to which
      it is held invalid or unenforceable, shall not be affected thereby and each
      term, covenant or condition of this Agreement shall be valid and be enforced
      to
      the fullest extent permitted by law, and any court or arbitrator having
      jurisdiction may reduce the scope of any provision of this Agreement, including
      the geographic and temporal restrictions set forth in Paragraph 8 of this
      Agreement, so that it complies with applicable law.

    

    (g)  This
      Agreement constitute the entire agreement of the Company and the Executive
      as to
      the subject matter hereof, superseding all prior or contemporaneous written
      or
      oral understandings or agreements, including any and all previous employment
      agreements or understandings, all of which are hereby terminated, with respect
      to the subject matter covered in this Agreement. This Agreement may not be
      modified or amended, nor may any right be waived, except by a writing which
      expressly refers to this Agreement, states that it is intended to be a
      modification, amendment or waiver and is signed by both parties in the case
      of a
      modification or amendment or by the party granting the waiver. No course of
      conduct or dealing between the parties and no custom or trade usage shall be
      relied upon to vary the terms of this Agreement. The failure of a party to
      insist upon strict adherence to any term of this Agreement on any occasion
      shall
      not be considered a waiver or deprive that party of the right thereafter to
      insist upon strict adherence to that term or any other term of this
      Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (h)  Neither
      party hereto shall have the right to assign or transfer any of its or his rights
      hereunder except in connection with a merger of consolidation of the Company
      or
      a sale by the Company of all or substantially all of its business and
      assets.

    

    (i)  This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective heirs, successors, executors, administrators and permitted
      assigns.

    

    (j)  The
      headings in this Agreement are for convenience of reference only and shall
      not
      affect in any way the construction or interpretation of this
      Agreement.

    

    (k)  No
      delay
      or omission to exercise any right, power or remedy accruing to either party
      hereto shall impair any such right, power or remedy or shall be construed to
      be
      a waiver of or an acquiescence to any breach hereof. No waiver of any breach
      hereof shall be deemed to be a waiver of any other breach hereof theretofore
      or
      thereafter occurring. Any waiver of any provision hereof shall be effective
      only
      to the extent specifically set forth in an applicable writing. All remedies
      afforded to either party under this Agreement, by law or otherwise, shall be
      cumulative and not alternative and shall not preclude assertion by such party
      of
      any other rights or the seeking of any other rights or remedies against any
      other party.

    

    IN
      WITNESS WHEREOF,
      the
      parties have executed this Agreement as of the date first above
      written.

     

    
      
        	 	 	 
	 	NETSMART
                TECHNOLOGIES, INC. 
	 
 	 
 	 
 
	 	By:  	/s/ John
                S.T.
                Gallagher
	 	
                
Chairman,
                Compensation Committee
	 	 

      

      
      

      
        	 	 	 
	 
 	 
 	 
 
	 	By:  	/s/ James
                L. Conway
	 	
                
James
                L. Conway, Chief Executive Officer
	 	 

 

      
        	 	 	 
	 	THE
                EXECUTIVE
	 
 	 
 	 
 
	 	
                    

              	/s/ Gerald
                Koop 
	 	
                
Gerald
                KoopTermination
      Agreement

    

    This
      Agreement is made by and between Nutra Pharma Corp., a California Corporation
      (“the Company”), with an address of 3473 High Ridge Road, Boynton Beach, FL
      33426 (“the Company”), and Doherty & Company, LLC, a Delaware limited
      liability company (“Doherty & Company”) and Michael Doherty, an individual
      (“Doherty”). Doherty & Company, LLC and Doherty are referred to herein
      individually or collectively as “the Doherty Entities.”

    

    WHEREAS,
      the Company and the Doherty Entities have maintained a business relationship
      whereby the Doherty Entities have provided certain services to the Company
      for a
      period of time pursuant to various written agreements; and

    

    WHEREAS,
      the Company and the Doherty Entities now desire to terminate the business
      relationship and agreements between them as set forth herein.

    

    NOW,
      THEREFORE, for and in consideration of good and valuable consideration, the
      receipt of which is hereby acknowledged, the Company and the Doherty Entities,
      intending to be legally bound, mutually agree as follows: 

    

    1.
      Acknowledgment of Entire Agreement. 

    All
      written or oral understandings, agreements, covenants, promises, or arrangements
      between the Doherty Entities and the Company are set forth in the following
      written agreements dated as of June 1, 2005: (i) the Agreement titled “Letter
      Agreement” by and between the Company and the Doherty Entities whereby Doherty
      was appointed as the Company’s Executive Chairman (“the Letter Agreement”) and
      which granted Doherty & Company thirteen million six hundred thousand
      (13,600,000) options to purchase common stock (“the 13,600,000 Options”); (ii)
      the Agreement titled “Option to Purchase” by and between the Company and Doherty
& Company (“the Option to Purchase Agreement”) which is also designated as
      Exhibit A to the Letter Agreement in (i) above; (iii) the untitled Financing
      Agent Agreement between the Company and Doherty whereby Doherty was appointed
      the Financing Agent for the Company (“the Financing Agent Agreement”); and (iv)
      the untitled Indemnification Agreement between the Company and Doherty &
Company. The Letter Agreement, the Option to Purchase Agreement, the Financing
      Agent Agreement, and the Indemnification Agreement are collectively referred
      to
      herein as “the Doherty Agreements.” It is understood and acknowledged by the
      Company and the Doherty Entities that the Doherty Agreements are the only
      agreements and understandings of the parties, and there are no other written
      or
      oral understandings, agreements, covenants, promises, obligations or
      arrangements, directly or indirectly, between the parties except as set forth
      herein.

    

    2.
      Termination of Doherty Agreements.

    The
      Company and Doherty agree that the employment and/or contractual relationship
      established by the Doherty Agreements shall terminate and cease as of the
      execution of this Termination Agreement (“the Termination Agreement”) and the
      Company shall not be obligated to provide any benefits or pay any compensation
      or consideration now or at 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    any
      time
      in the future including but not limited to salaries, commissions,
      reimbursements, expenses, sums of any nature, securities of any nature,
      including common stock, warrants and/or options to purchase common stock, to
      the
      Doherty Entities whether accrued or unaccrued, billed or unbilled, due or not
      due, delivered or not delivered pursuant to the Doherty Agreements. Any
      provision or obligation contained or arising out of any provision in any of
      the
      Doherty Agreements which survived the termination of those agreements including
      any duty or obligation of the Company to provide now or at any time in the
      future any payment, benefit, indemnification, contribution, or defense to the
      Doherty Entities or to any third party is hereby terminated. Any provision
      in
      the Doherty Agreements relative to the manner, method, timing, notification
      of,
      or necessity to establish cause for termination of the Doherty Agreements or
      any
      portion thereof are considered to have been complied with and/or waived by
      the
      Doherty Entities. 

    

    3.
      Resignation by Doherty.

    Doherty
      hereby tenders, and the Company accepts, Doherty's resignation from any and
      all
      positions that Doherty may currently hold with the Company as a result of the
      Letter Agreement, including Doherty's position as the Company’s Executive
      Chairman, Chairman of the Board, or any and all other positions, effective
      upon
      execution hereof. The Doherty Entities represent that they have not entered
      into
      any agreement on behalf of the Company designed to bind the Company to any
      contract or transaction. Upon execution hereof, the Doherty Entities hereby
      forfeit and release all claims and rights of ownership of the 13,600,000 Options
      and request cancellation of all of the 13,600,000 options granted to the Doherty
      Entities pursuant to the Option to Purchase Agreement and the Letter Agreement
      regardless of whether any of the foregoing options have vested, been exercised
      or been delivered to the Doherty Entities.

    

    4.
      Ownership of the 13,600,000 Options.

    The
      Doherty Entities represent that until the time of execution of this Termination
      Agreement by all parties, Doherty & Company was the sole beneficial owner of
      the 13,600,000 Options and no portion of the 13,600,000 Options has been
      promised, assigned, sold, pledged, or otherwise transferred to any third
      party.

    

    5.
      Resignation of Doherty & Company.

    Doherty
      & Company hereby tenders, and the Company accepts, its resignation from any
      and all positions Doherty & Company may currently hold with the Company as a
      result of the Financing Agreement, including but not limited to the Company’s
      agent and investment banker. Doherty & Company represents that Doherty &
Company has not consummated any financing on behalf of or for the Company.
      Doherty & Company waives any right to receive any future compensation
      pursuant to Paragraph 7 of the Financing Agreement and no portion of the
      Financing Agreement shall survive its termination hereunder.

    

    6.
      In
      connection with the Doherty Agreements, the Doherty Entities represent
      that:

    i.
      No
      party is owed a fee of any type for any services provided by
      Doherty;

    ii.
      The
      Doherty Entities have not entered into any agreement of any nature on behalf
      of
      the Company; and 

    iii.
      The
      Doherty Entities have not undertaken any acts that create any liability or
      obligation of any type of the Company.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    7.
      Consideration to Doherty.

    i.
      Grant.

    In
      consideration for entering into this Termination Agreement, the Company, upon
      execution hereof, hereby grants to Doherty & Company, options to purchase
      two million (“2,000,000”) shares of the Company's common stock (“the 2006
      Option”) upon the terms and conditions set forth herein (the “2006 Option
      Shares”). The Doherty Entities agree that the Company's grant of the 2006 Option
      Shares is in full accord and satisfaction of any obligations, claims, sums,
      amounts and/or disputes that the Doherty Entities may have with the Company.
      The
      Doherty Entities understand, covenant, and agree that the terms of this
      Termination Agreement, and the 2006 Option is the sole consideration for this
      Termination Agreement and that the Doherty Entities accept said consideration
      for the purpose of making a full and final compromise, adjustment and settlement
      of all claims for injuries, losses, and damages resulting, or to result, from
      any claims against the Company.

    

    ii.
      Vesting.

    The
      2006
      Option shall vest upon execution of this Termination Agreement and shall be
      exercisable at any time from the date of execution of this Termination Agreement
      until May 31, 2010.

    

    iii.
      Exercise Price.

    The
      exercise price (the “Exercise Price”) for each share of Common Stock covered by
      the 2006 Option shall be $0.27 per Common Share.

    

    iv.
      Partial Exercise. Subject to the terms of this Termination Agreement, the 2006
      Option may be exercised for all or any part of the 2006 Option
      Shares.

    

    v.
      Method
      of Exercising Option.

    The
      2006
      Option, or any portion thereof, may be exercised by the Doherty Entities by
      delivering to the Company at its main office (to the attention of the Company's
      President) written notice of the number of shares of common stock with respect
      to which the Option is being exercised and by paying in full the purchase price
      of the shares of stock so purchased.

    

    vi.
      Assignability of Options.

    Doherty
      & Company may assign the 2006 Option granted hereunder.

    

    vii.
      Expiration.

    The
      2006
      Option shall in no event be exercisable after May 31, 2010.

    

    viii.
      Issuance of Stock Certificates upon Exercise.

    Subject
      to the Provisions of this Termination
      Agreement,
      upon receipt by the Company of the Exercise Price for any portion of the 2006
      Option, the Company shall issue to the Doherty Entities shares of common stock
      equal to the number of common shares purchased under the 2006
      Option.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ix.
      No
      Rights as a Shareholder.

    The
      Doherty Entities shall not have any rights as a shareholder regarding any shares
      of common stock covered by the 2006 Option until the issuance of a stock
      certificate for such shares. No adjustment shall be made on the issuance of
      a
      stock certificate to the Doherty Entities as to any dividends or other rights
      for which the record date occurred prior to the date of issuance of such
      certificate by the Company's transfer agent.

    

    x.
      Adjustment of Options.

    The
      grant
      of the 2006 Option shall not affect in any way the right or power of the Company
      to make adjustments, reclassifications, reorganizations or changes of its
      capital or business structure or to merge, consolidate, dissolve, liquidate,
      sell or transfer all or any part of its business or assets. The Company shall
      have the sole discretion to make all interpretations and determinations required
      under this Paragraph to the extent it deems equitable and
      appropriate.

    

    8.
      Indemnification

    i. Indemnification
      Generally.

    For
      a
      period of six months after the date of execution of this Agreement, the Company
      shall indemnify the Doherty Entities from and against any and all losses,
      damages, liabilities, claims, charges, actions, proceedings, demands, judgments,
      closing costs and expenses resulting from services provided by the Doherty
      Entities pursuant to the Doherty Agreements. Notwithstanding the foregoing,
      the
      Company shall not be liable for any losses to the extent such Losses arise
      out
      of, result from or are increased by, the breach of this Agreement by, or the
      fraudulent acts or gross negligence of the Doherty Entities or in the event
      of
      any breach by the Doherty Entities of a representation, warranty or covenant
      of
      the Doherty Agreements.

    

    ii. Indemnification
      Procedures. In the event, the Doherty Entities are entitled to indemnification,
      it shall give notice as promptly to the Company of the commencement of any
      action, suit, proceeding or investigation or threat thereof made in writing
      in
      respect of which indemnity may be sought hereunder. Upon such notification,
      the
      Company Party shall assume the defense of such action if it is a claim brought
      by a third party, and after such assumption the Doherty Entities shall not
      be
      entitled to reimbursement of any legal expenses incurred by it in connection
      with such action except as described below. In any such action, the Doherty
      Entities Party shall have the right to retain its own counsel, but the fees
      and
      expenses of such counsel shall be at the expense of the Doherty Entities unless:
      (a) the Doherty Entities and the Company shall have mutually agreed in writing
      to the contrary, or (b) the named parties in any such action (including any
      impleaded parties) include both the Company and Doherty and the representation
      of both parties by the same counsel would be inappropriate due to actual
      conflicting interests between them. The Company if it is not entitled to, or
      elects not to, assume the defense of a claim shall not be obligated to pay
      the
      fees and expenses of more than one counsel in any one jurisdiction for all
      parties indemnified by the Company with respect to such claim, unless

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    in
      the
      reasonable judgment of the Company an actual conflict of interest may exist
      with
      respect to such claim, in which event the Doherty Entities shall be obligated
      to
      pay the fees and expenses of such additional counsel or counsels. The Company
      shall not be liable for any closing of any proceeding effected without its
      written consent (which shall not be unreasonably withheld or delayed by such
      Indemnifying Party), but if settled with such consent or if there be final
      judgment for the plaintiff, the Company shall indemnify the Doherty Entities
      from and against any Losses.

    

    9.
      Restrictive Covenants.

    i.
      The
      Doherty Entities agree to hold and safeguard all trade secrets, proprietary
      information, and confidential information of the Company in trust and confidence
      for the Company. The Doherty Entities agree that they shall not misappropriate,
      disclose, or make available to any person or any entity for use at any time
      any
      of the said information, and the Doherty Entities agree not to use any of the
      said information, whether or not it was developed by the Doherty Entities,
      to
      their own advantage or to the advantage of others.

    

    ii.
      The
      Doherty Entities agree that all records, drawings, data, samples, models,
      correspondence, manuals, notes, reports, notebooks, proposals, and any other
      documents concerning the Company's customers, products, processes, technical
      information or business information used by the Company and any other tangible
      materials or copies or extracts of tangible materials regarding the Company's
      operations or business, testing, formulations or product development received
      by
      the Doherty Entities during their contractual relationship with the Company
      are,
      and shall be, property of the Company exclusively. Doherty agrees to immediately
      return to the Company all of the material mentioned above, including written
      notes, memorandums, or notes taken by Doherty and all tangible materials,
      including, without limitation, correspondence, drawings, manuals, letters,
      notebooks, reports, flow-charts, programs, and proposals. No copies will be
      made
      by the Doherty Entities, or retained by the Doherty Entities, of any written
      information obtained, whether or not developed by the Doherty Entities.

    

    10.
      Breach by Doherty Entities.

    In
      the
      event of a breach by the Doherty Entities of the terms of this Termination
      Agreement, the Company shall be entitled, if it shall so elect, to institute
      legal proceedings to obtain damages for any such breach, or to enforce the
      specific performance of this Termination Agreement by Doherty and to enjoin
      Doherty from any further violation of this Termination Agreement and to exercise
      such remedies cumulatively or in conjunction with all other rights and remedies
      provided by law. Doherty acknowledges, however, that the remedies at law for
      any
      breach by the Doherty Entities of the provisions of this Termination Agreement
      may be inadequate and that the Company shall be entitled to injunctive relief
      against them in the event of any breach. If the Company prevails in a proceeding
      for damages or injunctive relief, Doherty agrees that the Company, in addition
      to other relief, shall be entitled to the following in connection with the
      Doherty Entities’ (either individually or collectively) violations of any terms
      of this Termination Agreement: (a) reasonable attorney fees, costs, and the
      expenses of litigation incurred by the Company in securing the relief granted
      by
      the Court; (b) the cancellation of the right to exercise any part of the 2006
      Option that remains unexercised at the time; (c) repayment of all profits earned
      by Doherty from the options, said profits to be determined by taking the
      difference between the exercise price and the per share price for such shares
      as
      were sold by the Doherty Entities.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    11.
      Choice of Law and Venue.

    Law
      and
      Arbitration.

    This
      Termination Agreement shall be governed by and construed in accordance with
      the
      laws of the State of Florida applicable to contracts executed and performed
      in
      such State, without giving effect to conflict of law principles. All
      controversies, claims and matters of difference arising between the parties
      under this Termination Agreement shall be submitted to binding arbitration
      in
      Palm Beach County, Florida under the Commercial Arbitration Rules of the
      American Arbitration Association ("the AAA") from time to time in force (to
      the
      extent not in conflict with the provisions set forth herein). This agreement
      to
      arbitrate shall be specifically enforceable under applicable law in any court
      of
      competent jurisdiction. Notice of the demand for arbitration shall be filed
      in
      writing with the other parties to this Termination Agreement and with the AAA.
      Once the arbitral tribunal has been constituted in full, a hearing shall be
      held
      and an award rendered as soon as practicable. The demand for arbitration shall
      be made within a reasonable time after the claim, dispute or other matter in
      question has arisen, and the parties are not making progress toward a
      resolution. In no event shall it be made after the date when institution of
      legal or equitable proceedings based on such claim, dispute or other matter
      would be barred by the applicable contractual or other statutes of limitations.
      The parties shall have reasonable discovery rights as determined by the
      arbitration. The award rendered by the arbitrators shall be final and judgment
      may be entered in accordance with applicable law and in any court having
      jurisdiction thereof. The decision of the arbitrators shall be rendered in
      writing and shall state the manner in which the fees and expenses of the
      arbitrators shall be borne.

    

    12.
      Counterparts.

    This
      Termination Agreement may be executed in two or more counterparts, all of which
      shall be considered one and the same agreement and shall become effective when
      counterparts have been signed by each party and delivered to the other party.
      This Termination Agreement, once executed by a party, may be delivered to the
      other parties hereto by facsimile transmission of a copy of this Termination
      Agreement bearing the signature of the party so delivering this Termination
      Agreement. In the event any signature is delivered by facsimile transmission,
      the party using such means of delivery shall cause the manually executed
      Execution Page(s) hereof to be physically delivered to the other party within
      five (5) days of the execution hereof, provided that the failure to so deliver
      any manually executed Execution Page shall not affect the validity or
      enforceability of this Termination Agreement.

    

    13.
      Headings.

    The
      headings of this Termination Agreement are for convenience of reference and
      shall not form part of, or affect the interpretation of, this Termination
      Agreement.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    14.
      Severability.

    If
      any
      provision of this Termination Agreement shall be invalid or unenforceable in
      any
      jurisdiction, such invalidity or unenforceability shall not affect the validity
      or enforceability of the remainder of this Termination Agreement or the validity
      or enforceability of this Termination Agreement in any other
      jurisdiction.

    

    15.
      Entire Agreement; Amendments.

    This
      Termination Agreement and the instruments referenced herein contain the entire
      understanding of the Doherty Entities, and the Company, their affiliates and
      persons acting on their behalf with respect to the matters covered herein and
      therein and, except as specifically set forth herein or therein, neither the
      Company nor Doherty Entities makes any representation, warranty, covenant or
      undertaking with respect to such matters. No provision of this Termination
      Agreement may be waived other than by an instrument in writing signed by the
      party to be charged with enforcement and no provision of this Termination
      Agreement may be amended other than by an instrument in writing signed by the
      Company and the Doherty Entities.

    

    16.
      Notices. Any notices required or permitted to be given under the terms of this
      Termination Agreement shall be sent by certified or registered mail (return
      receipt requested) or delivered personally, by responsible overnight carrier
      or
      by confirmed facsimile, and shall be effective five (5) days after being placed
      in the mail, if mailed, or upon receipt or refusal of receipt, if delivered
      personally or by responsible overnight carrier or confirmed facsimile, in each
      case addressed to a party. The addresses for such communications shall
      be:

    

    If
      to the
      Company:

    

    Nutra
      Pharma Corp. 

    1829
      Corporate Drive 

    Boynton
      Beach, Florida 33426

    Attn:  
      Rik
      Deitsch

               
      Chief Executive Officer 

    

    

    If
      to
      Michael Doherty to:

    

    Michael
      Doherty 

    1999
      Avenue of Stars

    Los
      Angeles, California 90069

    Suite
      #1800

    

    

    If
      to
      Doherty & Company to: 

    

    Doherty
      & Company, LLC

    Same

    ___________________

    ___________________

    Attn:
      Michael Doherty

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    17.
      Successors and Assigns.

    This
      Termination Agreement shall be binding upon and inure to the benefit of the
      parties and their successors and assigns. Except as provided herein or therein,
      the Doherty Entities may not assign this Termination Agreement or any rights
      or
      obligations hereunder.

    

    18.
      Further Assurances.

    The
      Doherty Entities shall do and perform, or cause to be done and performed, all
      such further acts and things, and shall execute and deliver all such other
      Termination Agreements, certificates, instruments and documents, as the other
      party may reasonably request in order to carry out the intent and accomplish
      the
      purposes of this Termination Agreement.

    

    19.
      Waivers.

    No
      delay
      on the part of any party in exercising any right, power, or privilege hereunder
      shall operate as a waiver thereof. Nor shall any waiver on the part of any
      party
      of any such right, power or privilege, nor any single or partial exercise of
      any
      such right, power or privilege, preclude any further exercise thereof or the
      exercise of any other such right, power or privilege. The rights and remedies
      of
      any party based upon, arising out of or otherwise in respect of any inaccuracy
      in or breach by any other party of any representation, warranty, covenant or
      agreement contained in this Termination Agreement shall in no way be limited
      by
      the fact that the act, omission, occurrence or other state of facts upon which
      any claim of any such inaccuracy or breach is based may also be the subject
      matter of any other representation, warranty, covenant or agreement contained
      in
      this Termination Agreement (or in any other agreement between the parties)
      as to
      which there is no inaccuracy or breach.

    

    20.
      Variations in Pronouns. 

    Wherever
      the context shall so require, all words herein in the male gender shall be
      deemed to include the female or neuter gender and vice versa, all singular
      words
      shall include the plural, and all plural words shall include the singular.
      All
      pronouns and any variations thereof refer to the masculine, feminine or neuter,
      singular or plural, as the context may require.

    

    21.
      Presumption Against Scrivener and Mutual Understandings.

    Each
      party waives the presumption that this Termination Agreement is presumed to
      be
      in favor of the party which did not prepare it, in case of a dispute as to
      interpretation. This Termination Agreement has been freely and fairly negotiated
      by the parties hereto and each party has been provided the opportunity to have
      the Termination Agreement reviewed by legal counsel of their choice and to
      modify the terms hereof and, therefore, this Termination Agreement shall be
      construed and interpreted without any presumption, 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    or
      other
      rule, requiring construction or interpretation against the interest of the
      party
      causing this Termination Agreement to be drafted. This Termination Agreement
      embodies the entire understanding between the parties and supersedes and cancels
      all prior understandings and agreements, whether oral or written. The Doherty
      Entities represent and verify that they have not breached any terms of the
      Doherty Agreements. If it is later discovered that such representation is
      untrue, then and in that event, the Company reserves the right to seek any
      remedy permitted by the said Agreement and/or any existing laws notwithstanding
      the language of this Termination Agreement. Additionally, the failure to
      disclose such past or current breach and/or violations of such agreements shall
      be considered a material breach of this Termination Agreement.

    

    22.
      Release.

    The
      Doherty Entities, their heirs, executors, administrators, successors and
      assigns, whether herein named or referred to or not, do hereby release,
      discharge, and acquit and by these presents does hereby release, acquit, and
      forever discharge the Company, its successors and assigns, its agents, servants,
      and its divisions, subdivisions, and affiliates, of and from any and all past,
      present, and future claims, counterclaims, grievances, assertions, matters,
      demands, actions, causes of action, liabilities, damages, costs, loss of
      services, expenses, compensation, contracts, agreements, promises, covenants,
      third-party actions, suits at law or in equity, of every nature and description,
      whether known or unknown, suspected or unsuspected, foreseen, or unforeseen,
      real or imaginary, actual or potential, and whether arising at law or in equity,
      under the common law, state or federal law, or any other law, or otherwise,
      including, but not limited to, any claims that have been or might have been
      asserted as a result of the establishment or termination of the relationship
      between the Company and the Doherty Entities, hereinafter collectively referred
      to as the Doherty Claims. It is the intention of the parties hereto to effect
      a
      full and final complete release of all such Doherty Claims. It is expressly
      understood and agreed that this Termination Agreement is intended to cover,
      and
      does cover, not only all now known injuries, losses, and damages, but any future
      injuries, losses, and damages not now known or anticipated, but which may later
      develop or be discovered, including all the effects and consequences
      thereof.

    

    23.
      Attorney Fees. Each party to this Termination Agreement shall pay their own
      attorney fees with respect to the drafting, negotiation, and execution of this
      Termination Agreement. 

    

    IN
      WITNESS WHEREOF, and intending to be legally bound hereby, the parties hereto
      have executed this Agreement on this 30 day of March, 2006. 

    

    Witness:

    

    NUTRA
      PHARMA CORP.

    /s/ 
      Rik J Deitsch 4/1/06

    By:
      Rik J
      Deitsch

    Its:
      President

    

    DOHERTY
      & COMPANY, LLC

    /s/ 
      Michael Doherty

    By:
      Michael Doherty

    Its:
      President

     

    /s/
      Michael Doherty

    Michael
      Doherty

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