Document:

Escrow Agreement

 Exhibit 10.4 
 EXECUTION 
 ESCROW AGREEMENT 
 THIS ESCROW AGREEMENT, dated as of August 25, 2008 (the “Agreement”), is by and among ACTION
PRODUCTS INTERNATIONAL, INC., a Florida corporation, (“Parent”), ACTION HEALTHCARE PRODUCTS, INC., a
newly-formed Florida corporation and wholly-owned subsidiary of Parent, (“Acquirer”), members of Target listed in Schedule I of this Agreement (“Target Members”) and TARTER
KRINSKY & DROGIN LLP (“Escrow Agent”). 
 This is the Escrow Agreement
referred to in the Membership Interest Purchase Agreement dated August 25, 2008 (the “Purchase Agreement”) among Parent, Acquirer, Target Members and B.E. OVERSEAS INVESTMENT
GROUP, LLC, a Florida limited liability company (“Target”). Capitalized terms used in this agreement without definition shall have the respective meanings given to them in the Purchase Agreement.

 The parties, intending to be legally bound, hereby agree as follows: 
 1. Establishment of Escrow. 
 (a) Parent is withholding Two Hundred and Fifty Thousand (250,000) shares of Common Stock of Parent (the “Escrow Shares”) of the Five Hundred Thousand (500,000) shares of Common Stock otherwise
deliverable to the Target Members at the Closing and is depositing the Escrow Shares with Escrow Agent. Escrow Agent acknowledges receipt thereof. 
 (b) Escrow Agent hereby agrees to act as escrow agent and to hold, safeguard and disburse the Escrow Shares pursuant to the terms and conditions hereof. 
 2. Delivery of Escrowed Shares. 
 (a) Escrow Agent shall distribute the Escrow Shares to
Target Members, as follows: 125,000 Escrow Shares to Neil Swartz and 125,000 Escrow Shares to Craig Sizer, if Escrow Agent receives on or before September 22, 2008 at least Five Hundred Thousand ($500,000) in good and available funds in
accordance with, and from the Investors as such term is defined in, the Securities Purchase Agreement, in substantially the form of which is annexed hereto as Exhibit 1 (the “Securities Purchase Agreement”) for the sale of
500,000 shares of Series A Preferred Stock raising gross proceeds of at least $500,000.00. 
 (b) If not previously distributed
pursuant to Section 2(a) above, Escrow Agent shall distribute the Escrow Shares to Parent, or as Parent directs Escrow Agent in writing, if Escrow Agent does not receive on or before September 22, 2008 at least Five Hundred Thousand
($500,000) in good and available funds in accordance with, and from the Investors as such term is defined in, the Securities Purchase Agreement. 
 (c) If not previously distributed pursuant to Section 2(a) above, Escrow Agent shall distribute the Escrow Shares in accordance with written instructions jointly executed by Parent and all of the Target Members. 

 3. Duties of Escrow Agent. 
 (a) Escrow Agent shall not be under any duty to give the Escrow Shares held by it hereunder any greater degree of care than it gives its own
similar property and shall not be required to invest any funds held hereunder except as directed in this Agreement. 
 (b) Escrow
Agent shall not be liable, except for its own gross negligence or willful misconduct and, except with respect to claims based upon such gross negligence or willful misconduct that are successfully asserted against Escrow Agent, the other parties
hereto shall jointly and severally indemnify and hold harmless Escrow Agent (and any success or Escrow Agent) from and against any and all losses, liabilities, claims, actions, damages and expenses, including reasonable attorneys’ fees and
disbursements, arising out of and in connection with this Agreement. Without limiting the foregoing, Escrow Agent shall in no event be liable in connection with its investment or reinvestment of any cash held by it hereunder in good faith, in
accordance with the terms hereof, including, without limitation, any liability for any delays (not resulting from its gross negligence or willful misconduct) in the investment or reinvestment of the Escrow Shares, or any loss of interest incident to
any such delays. 
 (c) Escrow Agent shall be entitled to rely upon any order, judgment, certification, demand, notice, instrument or
other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity of the service thereof. Escrow Agent may act in reliance upon any instrument or
signature believed by it to be genuine and may assume that the person purporting to give receipt or advice or make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so. Escrow Agent may
conclusively presume that the undersigned representative of any party hereto which is an entity other than a natural person has full power and authority to instruct Escrow Agent on behalf of that party unless written notice to the contrary is
delivered to Escrow Agent. 
 (d) Escrow Agent may act pursuant to the advice of counsel with respect to any matter relating to this
Agreement and shall not be liable for any action taken or omitted by it in good faith in accordance with such advice. 
 (e) Escrow
Agent does not have any interest in the Escrow Shares deposited hereunder but is serving as escrow holder only and having only possession thereof. 
 (f) Escrow Agent has acted as legal counsel for Parent and Acquirer, and may continue to act as legal counsel for Parent and Acquirer, from time to time, notwithstanding its duties as the Escrow Agent hereunder. All parties hereto
expressly consent to Escrow Agent’s representation of Parent and Acquirer as legal counsel in any matter whatsoever, including, without limitation, any controversy or dispute arising out of this Agreement. 
 (g) Escrow Agent makes no representation as to the validity, value, genuineness or the collectability of any security or other document or
instrument held by or delivered to it. 
  

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 (h) Escrow Agent shall not be called upon to advise any party as to the wisdom in selling or
retaining or taking or refraining from any action with respect to any securities or other property deposited hereunder. 
 (i) Escrow
Agent (and any successor Escrow Agent) may at any time resign as such by delivering the Escrow Shares to any successor Escrow Agent jointly designated by the other parties hereto in writing, or to any court of competent jurisdiction, whereupon
Escrow Agent shall be discharged of and from any and all further obligations arising in connection with this Agreement. The resignation of Escrow Agent will take effect on the earlier of (a) the appointment of a successor (including a court of
competent jurisdiction) or (b) the day which is 30 days after the date of delivery of its written notice of resignation to the other parties hereto. If at that time Escrow Agent has not received a designation of a successor Escrow Agent, Escrow
Agent’s sole responsibility after that time shall be to retain and safeguard the Escrow Shares until receipt of a designation of successor Escrow Agent or a joint written disposition instruction by the other parties hereto or a final
non-appealable order of a court of competent jurisdiction. 
 (j) In the event of any disagreement between the other parties hereto
resulting in adverse claims or demands being made in connection with the Escrow Shares or in the event that Escrow Agent is in doubt as to what action it should take hereunder, Escrow Agent shall be entitled to retain the Escrow Shares until Escrow
Agent shall have received (i) a final non-appealable order of a court of competent jurisdiction directing delivery of the Escrow Shares or (ii) a written agreement executed by the other parties hereto directing delivery of the Escrow
Shares, in which event Escrow Agent shall disburse the Escrow Shares in accordance with such order or agreement. Any court order shall be accompanied by a legal opinion by counsel for the presenting party satisfactory to Escrow Agent to the effect
that the order is final and non-appealable. Escrow Agent shall act on such court order and legal opinion without further question. 
 (k)
Parent shall pay Escrow Agent compensation for the services to be rendered by Escrow Agent hereunder at its usual law firm rates at the time of execution of this Agreement and agree to reimburse Escrow Agent for all reasonable expenses,
disbursements and advances incurred or made by Escrow Agent in performance of its duties hereunder (including reasonable fees, expenses and disbursements of its counsel). 
 (l) No printed or other matter in any language (including, without limitation, prospectuses, notices, reports and promotional material) that mentions Escrow Agent’s name or the rights, powers, or duties of
Escrow Agent shall be issued by the other parties hereto or on such parties’ behalf unless Escrow Agent shall first have given its specific written consent thereto. 
 4. Limited Responsibility. This Agreement expressly sets forth all the duties of Escrow Agent with respect to any and all matters pertinent hereto. No implied duties or obligations shall be read into
this agreement against Escrow Agent. Escrow Agent shall not be bound by the provisions of any agreement among the other parties hereto except this Agreement. 
 5. Ownership For Tax Purposes. Target Members agree that, for purposes of federal and other taxes based on income, Neil Swartz and Craig Sizer will be treated as the 

  

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owner of 50% and 50% of the Escrow Shares, respectively, and that Neil Swartz and Craig Sizer will report all income, if any, that is earned on, or derived
from, the Escrow Shares as their income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto. 
 6. Voting Rights. Unless and until Escrow Agent shall have delivered the Escrowed Shares in accordance with Section 2 hereof, Target
Members shall be entitled to exercise, as he thinks fit, the voting power with respect to such Target Member’s Escrowed Shares. 
 7.
Additional Property Receivable By Escrow Agent. In case, upon the dissolution or liquidation (in whole or in part) of Parent, any sum shall be paid as a liquidating dividend or otherwise upon or with respect to any of the Escrowed Shares,
and in case any such sum shall be paid on account of the principal of any of the Escrowed Shares which shall be an obligation, such sum shall be paid over to Escrow Agent, to be held by Escrow Agent as part of the Escrowed Shares hereunder. In case
any stock dividend shall be declared on any of the Escrowed Shares, or any shares of stock or fractions thereof shall be issued pursuant to any stock split involving any of the Escrowed Shares, or any distribution of capital shall be made on any of
the Escrowed Shares, or any shares, obligations or other property shall be distributed upon or with respect to the Escrowed Shares pursuant to a recapitalization or reclassification of the capital of the issuer of the capital of the issuer thereof,
or pursuant to the dissolution, liquidation (in whole or in part), bankruptcy or reorganization of Parent, or to the merger or consolidation of the Parent with or into another corporation, the shares, obligations or other property so distributed
shall be delivered to the Escrow Agent, to be held by it as additional collateral hereunder, and all of the same (other than cash) shall constitute Escrowed Shares for all purposes hereof. 
 8. Investment of Cash Collateral. Any cash received and retained by Escrow Agent as additional collateral hereunder pursuant to the
foregoing provisions shall continue to be held in escrow by Escrow Agent in accordance with the terms hereof and shall be distributed and disposed of by Escrow Agent in the same manner as Escrowed Shares. Any such cash shall be held and invested in
any obligation of, or unconditionally guaranteed by, the United States of America, entitled to its full faith and credit and interest bearing deposits (including money market mutual funds and certificates of deposit) issued by a bank which is a
member of the Federal Reserve System and has a combined surplus and retained earnings of at least $100,000,000 and which deposits are guaranteed by the Federal Deposit Insurance Company. Such investments shall have a maturity of not more than one
year. 
 9. Notices. All notices, consents, waivers and other communications under this Agreement must be in writing and will
be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), or (b) when received by the addressee, if sent by a nationally recognized overnight delivery service (receipt requested), in each case to
the appropriate addresses set forth below (or to such other addresses as a party may designate by notice to the other parties): 
  

			
	Target Members:	 	as set forth in the Purchase Agreement

  

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	Parent and Acquirer:	 	as set forth in the Purchase Agreement
		
	Escrow Agent:	 	Tarter Krinsky & Drogin LLP, Attn: James G. Smith, 1350 Broadway, 11th Floor, New
York, New York 10018.

 10. Jurisdiction; Service Of Process. Any action or proceeding seeking to enforce
any provision of, or based on any right arising out of, this Agreement may be brought against any of the parties in the courts of the State of New York, County of New York, or, if it has or can acquire jurisdiction, in the United States District
Court for the Southern District of New York, and each of the parties consents to the jurisdiction of such courts (and of the appropriate appellate courts) in any such action or proceeding and waives any objection to venue laid therein. Process in
any action or proceeding referred to in the preceding sentence may be served on any party anywhere in the world. 
 11. Section
Headings. The headings of sections in this Agreement are provided for convenience only and will not affect its construction or interpretation. 
 12. Waiver. The rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure nor any delay by any party in exercising any right, power, or privilege under
this Agreement or the documents referred to in this Agreement will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such
right, power, or privilege or the exercise of any other right, power, or privilege. To the maximum extent permitted by applicable law, (a) no claim or right arising out of this Agreement or the documents referred to in this Agreement can be
discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party will be applicable except in the specific instance for which
it is given; and (c) no notice to or demand on one party will be deemed to be a waiver of any obligation of such party or of the right of the party giving such notice or demand to take further action without notice or demand as provided in this
Agreement or the documents referred to in this Agreement. 
 13. Exclusive Agreement and Modification. This Agreement
supersedes all prior agreements among the parties with respect to its subject matter and constitutes (along with the documents referred to in this Agreement) a complete and exclusive statement of the terms of the agreement between the parties with
respect to its subject matter. This Agreement may not be amended except by a written agreement executed by Parent, the Target Members and the Escrow Agent. 
 14. Governing Law. This Agreement shall be governed by the laws of the State of New York, without regard to conflicts of law principles. 
 15. Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other parties. In the event that any signature is delivered by facsimile
transmission, PDF, electronic signature or other similar electronic means, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such
signature page were an original thereof. 
 [signatures on following page] 
  

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 IN WITNESS WHEREOF, each of the parties hereto has executed this Agreement as of the date first
set forth above. 
  

			
	ACTION PRODUCTS INTERNATIONAL, INC.
		
	By:	 	 /s/ RONALD KAPLAN

	Name:	 	Ronald Kaplan
	Title:	 	CEO
	
	ACTION HEALTHCARE PRODUCTS, INC.
		
	By:	 	 /s/ RONALD KAPLAN

	Name:	 	Ronald Kaplan
	Title:	 	CEO
	
	TARGET MEMBERS:
	
	 /s/ NEIL SWARTZ

	Neil Swartz
	
	 /s/ CRAIG SIZER

	Craig Sizer
	
	TARTER KRINSKY & DROGIN LLP
		
	By:	 	 /s/ JAMES G. SMITH

	Name:	 	James G. Smith
	Title:	 	Partner

  

 6Nondisclosure

 Exhibit 10.5 
 ACTION PRODUCTS INTERNATIONAL, INC. 
 NONDISCLOSURE; RESTRICTIVE COVENANTS AND PROPRIETARY

 INFORMATION AND INVENTIONS AGREEMENT 
 In consideration of my retention by ACTION PRODUCTS INTERNATIONAL, INC., a Florida corporation, (the “Company”), and the compensation
paid to me, I hereby agree as follows (each capitalized term used herein and not otherwise defined herein shall have the meaning as defined in my Employment Agreement as defined herein): 
 1. Nondisclosure. 
 1.1 Recognition of Company’s Rights; Nondisclosure. At all times during the Term and thereafter, I will hold in strictest confidence and will not disclose or use any of the Company’s Proprietary Information
(defined below), except as such disclosure or use may be required in connection with my work for the Company, or unless the Board of Directors expressly authorizes such in writing. I hereby assign to the Company any rights I may have or acquire in
such Proprietary Information and recognize that all Proprietary Information shall be the sole property of the Company and its assigns. 
 1.2 Proprietary Information. The term “Proprietary Information” shall mean any and all confidential and/or proprietary knowledge, data or information of the Company. By way of illustration but not
limitation, “Proprietary Information” includes (a) trade secrets, inventions, mask works, ideas, processes, formulas, source and object codes, data, programs, other works of authorship, know-how, improvements, discoveries,
developments, designs and techniques (hereinafter collectively referred to as “Inventions”); and (b) information regarding plans for research, development, new products, marketing and selling, business plans, budgets and
unpublished financial statements, licenses, prices and costs, suppliers and customers; and (c) information regarding the skills and compensation of employees of the Company. Notwithstanding the foregoing, it is understood that, at all such
times, I am free to use information which is generally known in the trade or industry, which is not gained as a result of a breach of this Agreement, and my own, skill, knowledge, know-how and experience to whatever extent and in whichever way I
wish. 
 1.3 Third-Party Information. I understand, in addition, that the Company has received and in the future will
receive from third parties confidential or proprietary information (“Third-Party Information”) subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain limited
purposes. During the Term and thereafter, I will hold Third-Party Information in the strictest confidence and will not disclose to anyone (other than Company personnel who need to know such information in connection with their work for the Company)
or use, except in connection with my work for the Company, Third-Party Information unless expressly authorized by the Board of Directors in writing. 

 2. Assignment of Inventions. 
 2.1 Proprietary Rights. The term “Proprietary Rights” shall mean all trade secret, patent, copyright, and other
intellectual property rights or “moral rights” throughout the world. “Moral rights” refers to any rights to claim authorship of an Invention or to object to or prevent the modification of any Invention, or to withdraw from
circulation or control the publication or distribution of any Invention, and any similar right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not such right is denominated or
generally referred to as a “moral right.” 
 2.2 Assignment of Inventions. I hereby assign and agree to
assign in the future (when any such Inventions or Proprietary Rights are first reduced to practice or first fixed in a tangible medium, as applicable) to the Company all my right, title and interest in and to any and all Inventions (and all
Proprietary Rights with respect thereto) whether or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or learned by me, either alone or jointly with others, in the course and scope of my
services to the Company. Inventions assigned to the Company, or to a third party as directed by the Company pursuant to this Section 2, are hereinafter referred to as “Company Inventions.” 
 2.3 Works for Hire. I acknowledge that all original works of authorship which are made by me (solely or jointly with others) within
the course and scope of my services to the Company and which are protectable by copyright are “works made for hire,” pursuant to United States Copyright Act (17 U.S.C., Section 101). 
 2.4 Enforcement of Proprietary Rights. I will assist the Company in every proper way to obtain, and from time to time enforce,
United States and foreign Proprietary Rights relating to Company Inventions in any and all countries. To that end I will execute, verify and deliver such documents and perform such other acts (including appearances as a witness) as the Company may
reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights and the assignment thereof. In addition, I will execute, verify and deliver assignments of such Proprietary Rights to the
Company or its designee. My obligation to assist the Company with respect to Proprietary Rights relating to such Company Inventions in any and all countries shall continue beyond the Term, but the Company shall compensate me at a reasonable rate
after the Term for the time actually spent by me at the Company’s request on such assistance. 
 2.5 Power of
Attorney. In the event the Company is unable for any reason, after reasonable effort, to secure my signature on any document needed in connection with the actions specified in the preceding paragraph, I hereby irrevocably designate and
appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, which appointment is coupled with an interest, to act for and in my behalf to execute, verify and file any such documents and to do all other lawfully
permitted acts to further the purposes of the preceding paragraph with the same legal force and effect as if executed by me. I hereby waive and quitclaim to the Company any and all claims, of any nature whatsoever, which I now or may hereafter have
for infringement of any Proprietary Rights assigned hereunder to the Company. 
  

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 3. Restrictive Covenants. 
 3.1 No Solicitation of Employees, Consultants, Contractors or Customers. I agree that during the Term and for one
(1) year thereafter, I will not, either directly or through others, (i) solicit or attempt to solicit any employee of the Company to end his or her relationship with the Company; and (ii) solicit any consultant, contractor, or
customer of the Company, with whom I had contact or whose identity I learned as a result of my services to the Company to diminish or materially alter its relationship with the Company. The parties agree that for purposes of this Agreement, a
customer is any person or entity to which the Company has provided goods or services at any time during the period commencing six (6) months prior to the Term and ending at the end of the Term. 
 3.2 Non-Compete Provision. I agree that during the Term, I will not provide services similar to those I provide to the Company, to
any person or entity in competition with the Company within any state, province, or similar political unit in which the Company has or solicits employees, consultants, contractors, or customers; or provides or solicits products or services. The
parties agree that the geographic scope of the noncompete is reasonable in light of the geographically broad scope of doing business through direct marketing and the Internet. I acknowledge that this non-compete provision is limited to the types of
activities and services I provided in my services to the Company. The parties understand that the scope and nature of my activities and services, and the Company’s business, products or services, may change as the Company develops. It is the
intent of the parties that the scope of this provision will change to cover any changes in my activities or services as well as any changes in the Company’s business, products or services, during the Term. The parties therefore agree that for
purposes of this Agreement, a person or entity is in competition with the Company if it develops or provides services or products similar to those presently provided by the Company or developed or provided by the Company during the Term. 

3.3 Injunctive Relief. If I commit a breach, or threaten to commit a breach, of any of the provisions of Sections 3.1 and 3.2,
the Company shall have the right and remedy (i) to have the provisions of Sections 3.1 and 3.2 specifically enforced by any court having jurisdiction, it being acknowledged and agreed by me that the services being rendered hereunder to the
Company are of a special, unique and extraordinary character, that the Company’s business is of a highly competitive nature, and that any such breach or threatened breach will cause irreparable injury to the Company and that money damages will
not provide an adequate remedy to the Company; and (ii) to require me to account for and pay over to the Company all damages suffered by the Company as the result of any transactions constituting a breach of any of the provisions of Sections
3.1 and 3.2, and I hereby agree to account for and pay over such damages to the Company. 
 3.4 Non-exclusivity. Each
of the rights and remedies enumerated in Section 3 shall be independent of the other, and shall be severally enforceable, and such rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the
Company under law or equity. In connection with any legal action or proceeding arising out of this Section 3, the prevailing party in such action or proceeding shall be entitled to be reimbursed by the other party for the reasonable
attorneys’ fees and costs incurred by the prevailing party. 
  

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 3.5 Duration of Covenant. If I violate any covenant contained in Sections 3.1 and
3.2, the duration of such covenant so violated shall be automatically extended for a period of time equal to the period of such violation. 
 3.6 Severability. If any provision of Sections 3.1 and 3.2 is held to be unenforceable because of the scope, duration or area of its applicability, the tribunal making such determination shall have the power to modify
such scope, duration, or area, or all of them, and such provision or provisions shall then be applicable in such modified form. 
 4.
Return of Company Documents. When my services to the Company ends, I will deliver to the Company any and all drawings, notes, memoranda, specifications, devices, formulas, and documents, together with all copies thereof, and any other
material containing or disclosing any Company Inventions, Third Party Information or Proprietary Information of the Company. I further agree that any property situated on the Company’s premises and owned by the Company, including disks and
other storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. 
 5. Legal and Equitable Remedies. I recognize that in the course of my services to the Company, I will have access to Proprietary Information, to Third Party Information, and to employees, consultants, contractors,
clients, and customers of the Company. I also recognize that the services I will provide are personal and unique. I understand that because of this the Company may sustain irreparable injury if I violate this Agreement. In order to limit or
prevent such irreparable injury, the Company shall have the right to enforce this Agreement and any of its provisions by injunction, specific performance or other equitable relief, without bond and without prejudice to any other rights and remedies
that the Company may have for a breach of this Agreement. 
 6. Notices. Any notices required or permitted hereunder
shall be given in the same manner as under the Employment Agreement. 
 7. General Provisions. 
 7.1 Governing Law; Consent to Personal Jurisdiction. This Agreement shall be governed, interpreted and construed in accordance with
the laws of the State of Florida applicable to agreements entered into and to be performed entirely therein, without to conflict of laws principles. Any suit, action or proceeding with respect to this Agreement shall be brought exclusively in the
courts of the State of Florida or in the United States courts located in Orlando, Florida. If any action at law or in equity is brought to enforce or interpret the provisions of this Agreement, the prevailing party in such action shall be entitled
to reasonable attorneys’ fees. I hereby expressly consent to the personal jurisdiction of the state and federal courts located in Orlando, Florida for any lawsuit filed there against me by Company arising from or related to this Agreement.

 7.2 Severability. In case any one or more of the provisions contained in this Agreement shall, for any reason, be
held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect the other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable

  

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provision had never been contained herein. If moreover, any one or more of the provisions contained in this Agreement shall for any reason be held to be
excessively broad as to duration, geographical scope, activity or subject, it shall be construed by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall then appear. 
 7.3 Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators and other legal representatives
and will be for the benefit of the Company, its successors, and its assigns. 
 7.4 Survival. The provisions of this
Agreement shall survive the termination of my services to the Company and the assignment of this Agreement by the Company to any successor in interest or other assignee. 
 7.5 Waiver. No waiver by the Company of any breach of this Agreement shall be a waiver of any preceding or succeeding breach. No waiver by the Company of any right under this Agreement shall be
construed as a waiver of any other right. The Company shall not be required to give notice to enforce strict adherence to all terms of this Agreement. 
 The term “Employment Agreement” shall mean the Employment Agreement between me and the Company dated August 25, 2008, as amended from time to time. This Agreement shall be in addition to the
restrictions contained in that Membership Interest Purchase Agreement dated August 25, 2008. 
 I HAVE
READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS. 
  

	
	Dated: August 25, 2008
	
	/s/ NEIL SWARTZ
	(Signature)

	
	
	
	Neil Swartz
	(Printed Name)

  

			
	 ACCEPTED AND AGREED TO:
  
 ACTION PRODUCTS INTERNATIONAL,
INC.

		
	By:	 	/s/ RONALD S. KAPLAN
		 	 Ronald S. Kaplan
 President

	  
 Dated: 25 August 2008

  

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