Document:

EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT (the “Agreement”), dated as of 21 September, 2007, between
      Prana Biotechnology Limited, an Australian corporation (the “Company”) with its
      principal offices at Level 2, 369 Royal Parade, Parkville, Victoria, Australia
      and Geoffrey Kempler (the “Executive”) residing at 19 Crotonhurst Avenue, North
      Caulfield 3161 Victoria, Australia.

    

    WHEREAS,
      the Company desires to employ the Executive, and the Executive desires to be
      employed by the Company, upon the terms and conditions set forth
      herein;

    

    
      	1.	
              Employment

            

    

    The
      Company hereby employs the Executive, and the Executive agrees to accept such
      employment, upon the terms and conditions herein set forth.

    

    
      	2.	
              Employment
                Period

            

    

    The
      term
      of employment hereunder shall commence on the date hereof, 21 September, 2007,
      and continue until termination as provided herein (the “Employment Period”). It
      is acknowledged that the Executive has previously provided services to the
      Company, this Agreement applies only to his employment as from (and including)
      21 September, 2007 and prior accrued entitlements of the Executive are not
      adversely affected by this Agreement.

    

    
      	3.	
              Position
                and Duties

            

    

    The
      Executive hereby agrees to serve as our Executive Chairman and Chief Executive
      Officer (CEO) of the Company and shall have the duties, responsibilities and
      authority in respect of his CEO function as more fully set forth on Attachment
      A
      attached hereto. In such capacity the Executive shall report to the Board of
      Directors of the Company and shall serve on the Board of Directors. As an
      existing Director of the Company, termination of the CEO role will not terminate
      the Executive’s directorship on the Board. The Executive shall devote his best
      efforts and attention to the performance of services to the Company in
      accordance with the terms hereof and as may reasonably be requested by the
      Company.

    

    
      	4.	
              Compensation
                and Other Terms of Employment

            

    

    

    
      	 	
              (a)

            	
              Base
                Compensation

            

    

    In
      consideration of the performance of his duties for the Company, for the period
      beginning 21 September, 2007 through and including the termination of this
      Agreement as provided herein, the Executive’s base salary compensation will be
      no less then $386,400 (including superannuation) per year (the “Base Salary”)
      payable in accordance with the Company’s regular payroll practices (eg, timing
      of payments and standard employee deductions, such as income and employment
      tax
      withholdings). Made up as $315,000 (including superannuation) for Executive
      Chairman and $71,400 (including superannuation) for additional CEO duties to
      be
      increased by CPI annually, commencing 1 February 2008. The foregoing salary
      may
      be increased, but not decreased, at the discretion of the Board of Directors.
      

    

    
      	 	
              (b)

            	
              Bonus
                Compensation

            

    

    The
      Company will pay the Executive the following bonuses:

    
      	 	
              ·

            	
              Bonus
                of $50,000 following a capital raising of at least A$7m (before costs)
                prior to 30 September 2007.

            

    

    
      	 	
              ·

            	
              Bonus
                of $25,000 following a further capital raising of at least A$12m
                (before
                costs) anytime in the 2008 financial year.

            

    

    
      	 	
              ·

            	
              Bonus
                of $25,000 for attaining a share price above $0.60 for at least four
                consecutive trading days by 30 June 2008

            

    

    
      	 	
              ·

            	
              Bonus
                of $50,000 for implementation of the following:

            

    

    
      	 	
              o

            	
              Completion
                of clinical trial recruitment by 30 September 2007 - $10K bonus
                

            

    

    
      	 	
              o

            	
              Completion
                of signed Statistical Analysis Report by 29 February 2008 - $10K
                bonus 

            

    

    
      	 	
              o

            	
              Regular
                meetings (minimum twice yearly) of the full Integrated Advisory Board
                -
                $6K bonus 

            

    

    
      	 	
              o

            	
              Review
                and provide written proposal to the board of Prana’s Intellectual Property
                Portfolio to determine other value add opportunities for license,
                merger
                and acquisition or divestment by 31 December 2007 - $14K bonus
                

            

    

    
      	 	
              o

            	
              Develop
                Prana staff retention strategy and action plan by 31 October 2007
                and
                implement by 31 December 2007 - $10K bonus

            

    

     

    
      
         

      

      
        Page
          1 of 7

        
          

        

      

      
         

      

       

    

    Upon
      termination of this Agreement pursuant to the Executive’s death or disability
      pursuant to Section 5(e) below, the company shall pay a pro-rata bonus pursuant
      to Section 5(e).

    

    
      	 	
              (c)

            	
              It
                is intended that the Executive should have no disincentive to his
                spending
                additional days each year in the USA. Accordingly, the Base Salary
                and
                bonus will be adjusted each year (by the agreement between the Executive
                and the Board of Directors) to compensate the Executive for differences
                in
                Australian and United States tax rates in the event that this difference
                has penalized the Executive for spending significant time in the
                USA.

            

    

    

    
      	 	
              (d)

            	
              Business
                Expenses

            

    

    Upon
      presentation of vouchers and similar receipts, the Executive shall be entitled
      to receive reimbursement in accordance with the policies and procedures of
      the
      Company maintained from time to time or all reasonable business expenses
      actually incurred in the performance of his duties for the Company.

    

    
      	 	
              (e)

            	
              Vacation

            

    

    The
      Executive shall be entitled to twenty (20) days of vacation during each calendar
      year of the Employment Period. Any vacation days that the Executive does not
      use
      in a calendar year will automatically be carried over for the use in the
      following year to a maximum carry of two years. Any vacation days that the
      Executive has not used at the termination of the Employment Period will be
      paid
      to the Executive at his Base Salary rate in effect at the time of
      termination.

    

    
      	 	
              (f)

            	
              Benefits

            

    

    The
      Executive shall be entitled to participate in such employment benefits,
      including but not limited to a retirement plan, health, dental, life insurance,
      and short and long term disability plans as are established by the Company
      and
      as in effect from time to time applicable to executives of the
      Company.

    

    
      	 	
              (g)

            	
              Review

            

    

    The
      Remuneration Committee of the Company (or if there is no Remuneration Committee
      for the time being, the Board or a committee of the Board) shall not less than
      once each year consider and if thought fit recommend to the Board (or, in the
      case of the Board, propose) changes to the salary to be received by the
      Executive pursuant to this Agreement or as applying after an earlier review
      or
      amendment of terms. The purpose of the review and recommended or proposed
      changes shall be to ensure that the salary of the Executive, when considered
      together with all other benefits to which the Executive is or may become
      entitled under this Agreement, is comparable with and maintains parity with
      salaries representatives payable to executives in like circumstances when
      benefits to which such executives may reasonably be expected to be or to become
      entitled are taken into account. Such review shall be carried out in accordance
      with the Corporate governance policies of the Company applicable at the time
      (if
      any). The Executive shall not be involved in any discussions or decision
      concerning recommendations or proposals.

    

    
      
        
          	5.	
                  Terminations
                    and Consequences

                

        

      

    

    

    
      	 	
              (a)

            	
              The
                Executive’s Right to Terminate

            

    

    Notwithstanding
      any other provision of this Agreement to the contrary, the Executive may
      terminate this Agreement; 

    
      	
            	(i)	
              at
                any time during the Employment Period for Good Reason (as defined
                in
                Section 5 (f) below), on at least thirty (30) days’ prior written notice;
                or 

            

    

    
      	
            	(ii)	
              without
                Good Reason on at least ninety (90) days’ prior written notice to the
                Company.

            

    

     

    
      
         

      

      
        Page
          2 of 7

        
          

        

      

      
         

      

    

     

    
      	 	
              (b)

            	
              The
                Company’s Right to Terminate

            

    

    Notwithstanding
      any other provision of this Agreement to the contrary, the Company may terminate
      this Agreement; 

    
      	
            	(i)	
              at
                any time during the Employment Period for Good Reason (as defined
                in
                Section 5 (f) below), on at least thirty (30) days’ prior written notice;
                or 

            

    

    
      	
            	(ii)	
              without
                Good Reason on at least ninety (90) days’ prior written notice to the
                Executive.

            

    

    

    
      	 	
              (c)

            	
              Consequences
                of Termination Without Cause or for Good
                Reason

            

    

    If
      the
      Company terminates this Agreement without Cause, or if the Executive terminates
      this Agreement with Good Reason, the Company shall:

    
      	
            	(i)	
              pay
                the Executive within ninety (90) days of the termination date $1,000,000
                provided the Company has sufficient capital requirements to fulfil
                this
                clause, 

            

    

    
      	
            	(ii)	
              immediately
                pay the Executive all unreimbursed business expenses and accrued,
                unused
                vacation days; and 

            

    

    
      	
            	(iii)	
              accelerate
                the vesting of any unvested options to purchase ordinary shares and
                permit
                Executive to exercise such options during the remainder of the exercise
                period for such options.

            

    

    

    
      	
            	(d)	
              Consequences
                of Termination With Cause or Without Good
                Reason

            

    

    If
      the
      Company terminates this Agreement with Cause or the Executive terminates this
      Agreement Without Good Reason, then the 

    
      	
            	(i)	
              Executive’s
                Base Salary shall be discontinued upon the termination of the Employment
                Period; 

            

    

    
      	
            	(ii)	
              Bonus
                Compensation shall be pro-rated only if termination with Cause occurs
                in
                the first year; and 

            

    

    
      	
            	(iii)	
              Company
                shall pay the Executive all unreimbursed business expenses and accrued,
                unused vacation days; and 

            

    

    
      	
            	(iv)	
              Executive
                shall be permitted to exercise only unvested options to purchase
                shares
                that pre-existed this contract.

            

    

    

    
      	
            	(e)	
              Consequences
                of Termination for Death or Disability 

            

    

    If
      the
      Executive dies during the term of this Agreement, then the Agreement shall
      terminate except that the Company shall pay to Executive’s estate all accrued
      Base Salary, pro-rate Bonus Compensation and unremibursed business expenses
      and
      accrued, unused vacation days that the Executive would otherwise have been
      entitled to receive. Executive’s estate shall also be permitted to exercise
      Executive’s vested options for shares. If the Executive is unable to perform his
      functions because of Disability and the Agreement is terminated for that reason,
      the Executive shall be entitled to receive the same amount that the Company
      would be obligated to pay if the Executive had died during the term of this
      Agreement less the amounts of payment under any disability policy maintained
      by
      the Company.

    

    
      	
            	(f)	
              Definition
                of Good Reason 

            

    

    “Good
      Reason” means:

    
      	
            	(i)	
              a
                material reduction of the Executive’s duties and responsibilities from
                those in effect immediately prior to the reduction or change,
                

            

    

    
      	
            	(ii)	
              a
                requirement that the Executive relocate his primary office more then
                50
                kilometers from North Caulfield, Victoria, or

            

    

    
      	
            	(iii)	
              material
                breach by the Company of any provision of this Agreement after receipt
                of
                ten (10) days written notice thereof from the Executive and failure
                by the
                Company to cure the breach within thirty (30) days thereafter, or
                

            

    

    
      	
            	(iv)	
              the
                occurrence of an event described in sub-paragraphs i), ii), iii)
                or iv) of
                Section 5(i) where notice is given by the Executive in accordance
                with
                sub-paragraph (BB) of Section 5(i).

            

    

     

    
      
         

      

      
        Page
          3 of 7

        
          

        

      

      
         

      

    

     

    
      	
            	(g)	
              Definition
                of Cause 

            

    

    “Cause”
      means the Executive’s:

    
      	
            	(i)	
              conviction
                of a felony, 

            

    

    
      	
            	(ii)	
              commission
                of acts of fraud, misappropriation, embezzlement, or theft, or
                

            

    

    
      	
            	(iii)	
              willful
                or repeated failure to follow lawful specific directives of the Board
                of
                Directors to act or refrain from acting, which directives are consistent
                with the Executive’s position as Chief Executive Officer of the Company.
                Before the Company can terminate the Executive for Cause under clause
                (g)(iii) of this Section 5(g), the Company must give the Executive
                written
                notice setting forth the Company’s dissatisfaction with the Executive and
                the reasons therefore, and give the Executive thirty (30) days to
                cure the
                circumstances supporting the for Cause
                determination.

            

    

    

    
      	
            	(h)	
              Definition
                of Disability 

            

    

    “Disability”
      means the inability of the Executive to perform the Executive’s duties of
      employment to the Company pursuant to the terms of this Agreement, because
      of
      physical or mental disability where such disability shall have existed for
      a
      period of more than sixty (60) consecutive days or an aggregate of ninety (90)
      days in any 365 day period. The existence of a Disability means that the
      Executive’s mental and/or physical condition substantially interferes with the
      Executive’s performance of his substantive duties for the Company as specified
      in this Agreement. The fact of whether or not a Disability exists hereunder
      shall be determined by a professionally qualified medical expert selected by
      the
      Company and the Executive.

    

    
      	
            	(i)	
              Change
                of Control

            

    

    Despite
      anything to the contrary in this Agreement in the event that:

    
      	
            	(i)	
              there
                is an effective change of control of fifty percent (50%) of the issued
                capital of the Company:

            

    

    
      	
            	(ii)	
              the
                business, operations or capital of the Company is merged in or combined
                with that of another entity or entities; or

            

    

    
      	
            	(iii)	
              the
                membership of the Board changes to the extent that at least 50% of
                the
                Board did not hold office at the date of this Agreement;
                or

            

    

    
      	
            	(iv)	
              control
                of the composition of the Board changes to the extent that control
                of the
                composition of the Board is or can be exercised by the parties who
                did not
                control the Composition of the Board at the date of this
                Agreement,

            

    

    

    then,
      without limiting the other circumstances in which Section 5(c) may apply,
      Section 5 (c) shall apply:

    

    
      	 	
              (AA)

            	
              if
                the company subsequently terminates this Agreement without Cause
                (as
                herein defined); and

            

    

    
      	 	
              (BB)

            	
              if
                the Executive terminates this Agreement, which termination shall
                be deemed
                to have been termination with Good Reason (as herein defined) provided
                always that the Executive gives at least one (1) month’s written notice to
                the Company within a period of six (6) months immediately following
                the
                occurrence of an event described in sub-paragraphs i), ii), iii)
                or iv) of
                this Section 5(i)

            

    

    

    
      	
            	(j)	
              Non-disparagement

            

    

    In
      the
      event that Executive terminates this Agreement with or without Good Reason,
      or
      that the Company terminates this Agreement with or without Cause, the Company
      and the Executive agree that they will not disparage each other in any
      way.

    

    
      	
            	(k)	
              Resignation
                as a Director

            

    

    If
      the
      Executive resigns as a Director he shall immediately resign (or be deemed to
      have resigned) as Chief Executive Officer (CEO) and to have terminated this
      Agreement. The provisions of this Section 5 shall apply to such termination
      of
      this Agreement (that is, such termination or deemed termination of this
      Agreement by the Executive shall either have been with Good Reason or not with
      Good Reason, as the case may be, as provided for above).

     

    
      
         

      

      
        Page
          4 of 7

        
          

        

      

      
         

      

    

     

    
      
        
          	6.	
                  Records
                    and Confidential
                    Data

                

        

      

    

    

    
      	
            	(a)	
              Acknowledgement

            

    

    The
      Executive acknowledges that in connection with the performance of his duties
      during the term of his employment the Company will make available to the
      Executive, or the Executive will have access to, certain Confidential
      Information (as defined below) of the Company. The Executive acknowledges and
      agrees that any and all Confidential Information learned or obtained by the
      Executive during the course of his employment by the Company or otherwise
      whether developed by the Executive alone or in conjunction with others or
      otherwise, shall be and is the property of the Company and its
      affiliates.

    

    
      	
            	(b)	
              Confidentiality
                Obligations

            

    

    During
      the term of his employment and thereafter Executive shall keep all Confidential
      Information confidential and will not use such Confidential Information other
      then in connection with the Executive’s discharge of his duties hereunder, and
      will be safeguarded by the Executive from unauthorized disclosure. This covenant
      is not intended to, and does not limit in any way Executive’s duties and
      obligations to the company under statutory and common law not to disclose or
      make personal use of the Confidential Information or trade secrets.

    

    
      	
            	(c)	
              Return
                of Confidential Information

            

    

    Following
      the Executive’s termination of employment as soon as possible after the
      Company’s written request, the Executive will return to the Company all written
      Confidential Information which has been provided to the Executive and the
      Executive will destroy all copies of any analyses, complications, studies or
      other documents prepared by the Executive or for the Executives’ use containing
      or reflecting any Confidential Information.

    

    
      	
            	(d)	
              Definition

            

    

    For
      the
      purposes of this Agreement, “Confidential Information” shall mean all
      confidential and proprietary information of he Company, and its affiliates,
      including, without limitation the company’s scientific information, marketing
      strategies, pricing policies or characteristics, customers and customer
      information, product or product specifications, designs, software systems,
      leasing costs, cost of equipment, customer lists, business or business
      prospects, plans, proposals, codes, marketing studies, research, reports,
      investigation or other information or similar character. For Executives’
obligations under the Section 6 shall not extend to:

    
      	 	
              (i)
                

            	
              information
                which is generally available to the public,

            

    

    
      	 	
              (ii)
                

            	
              information
                obtained by the Executive from third persons, other than Executives
                of the
                Company, the Company and the Company’s affiliates, not under agreement to
                maintain the confidentially of the same and

            

    

    
      	 	
              (iii)
                

            	
              information
                which is required to be disclosed by law or legal process and
                

            

    

    
      	 	
              (iv)
                

            	
              information
                known to Executive prior to commencement of his employment with the
                Company, as evidenced by written
                documentation.

            

    

    

    
      
        
          	7.	
                  Arbitration

                

        

      

    

    

    
      	
            	(a)	
              Good
                Faith Discussions

            

    

    The
      parties shall meet and discuss in good faith any dispute between them arising
      out of this Agreement.

    

    
      	
            	(b)	
              Mediation

            

    

    If
      the
      discussions referred to in the preceding Section 7(a) fail to resolve the
      relevant dispute, either party may (by written notice to the other party)
      require that the dispute be submitted for mediation by a single mediator
      nominated by the President for the time being of the Victorian Law Institute.
      In
      the event of any such submission to mediation:

    
      	
            	i)	
              The
                mediator shall be deemed to be not acting as an expert or as an
                arbitrator;

            

    

    
      	
            	ii)	
              The
                mediator shall determine the procedure and timetable for the mediation;
                and

            

    

    
      	
            	iii)	
              The
                cost of the mediation shall be shared equally between the
                parties

            

    

     

    
      
         

      

      
        Page
          5 of 7

        
          

        

      

      
         

      

    

     

    
      	
            	(c)	
              Legal
                Proceedings

            

    

    Neither
      party may issue any legal proceedings in respect of any such dispute unless
      that
      party has first taken all reasonable steps to comply with Sections 7(a) and
      (b).

    

    
      	8.	
              Miscellaneous
                Provisions 

            

    

     

    
      	
            	(a)	
              Notices

            

    

    All
      notices, offers or other communications required or permitted to be given or
      made 

    
      	
            	(i)	
              if
                delivered personally; 

            

    

    
      	
            	(ii)	
              after
                the expiration of thirty (30) days from the date upon which such
                notice
                was mailed from within the United States or Australia by certified
                mail,
                return receipt requested, postage prepaid; or

            

    

    
      	
            	(iii)	
              upon
                receipt by prepaid telegram, facsimile transmission or electronic
                mail
                transmission (with written confirmation of receipt for each kind
                of
                transmission). 

            

    

    

    All
      notices given or made pursuant hereto shall be so given or made to the Executive
      at the address contained in the Company’s personnel records and to the Company
      at its headquarters, addressed to the attention of the Chair of the Board of
      Directors.

    

    
      	
            	(b)	
              The
                Executive’s Representations and
                Warranties

            

    

    The
      Executive hereby represents and warrants that he is not a party to any
      agreement, contract or understanding that would in any way restrict or prohibit
      him from undertaking or performing any of his obligations under this
      Agreement.

    

    
      	
            	(c)	
              Amendments

            

    

    Except
      as
      set forth Section 4 above, this Agreement shall not be changed or amended unless
      in writing and signed by both the Executive and the Company.

    

    
      	
            	(d)	
              Governing
                Law

            

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Victoria applicable to contracts executed in and to be performed
      entirely within that jurisdiction. Each party irrevocably submits to the
      non-exclusive jurisdiction of courts of that state and the courts of appeal
      therefrom and waives any right to object to such jurisdiction on the basis
      of
      domicile or of being an inconvenient forum.

    

    
      	
            	(e)	
              Counterparts

            

    

    This
      Agreement may be executed in counterparts, each of which shall be an original,
      but all of which shall constitute one and the same instrument.

    

    IN
      WITNESS WHEREOF, this Agreement has been executed as of the date of year first
      above written.

    

    

    PRANA
      BIOTECHNOLOGY LIMITED

    

    

    
      
        
          

        

      

    

    George
      Mihaly 

    Remuneration
      Committee 

    

    THE
      EXECUTIVE:

    

    

    
      

    

    Geoffrey
      Kempler

     

    
      
         

      

      
        Page
          6 of 7

        
          

        

      

      
         

      

       

    

    ATTACHMENT
      A

    

    DESCRIPTION
      OF DUTIES

    

    

    The
      Executive shall have the responsibilities and functions generally associated
      with the position of Chief Executive Officer (CEO), including but not limited
      to:

    

    
      	 	
              ·

            	
              Develop
                and implement a business plan approved by the Board of Directors
                to
                provide a clear and rational basis for the ongoing prioritization
                of the
                Company’s activities and resource allocation, updated as
                required.

            

    

    

    
      	 	
              ·

            	
              Develop
                and expand the management team of the
                Company.

            

    

    

    
      	 	
              ·

            	
              Demonstrate
                strong commerciality in dealing with Company’s
                assets.

            

    

    

    
      	 	
              ·

            	
              Direct
                and oversee relationships with major pharmaceutical companies, government
                regulatory agencies, investors and
                others.

            

    

    

    
      	 	
              ·

            	
              Work
                to continually improve the capitalization and ensure the ongoing
                funding
                of the Company.

            

    

    

    
      	 	
              ·

            	
              Comply
                with the current or future Company
                policies.

            

    

    

    
      
         

      

      
        Page
          7 of 7Exhibit
      10.33

    Execution
      Copy

    

    MANAGEMENT
      SERVICES AGREEMENT

    

    THIS
      MANAGEMENT SERVICES AGREEMENT (this “Agreement”)
      is
      made and entered into as of August 17, 2007, by and among Advanced
      Communications Technologies, Inc., a Delaware corporation (the “Company”),
      and
      H.I.G. Capital L.L.C., a Delaware limited liability company (“H.I.G.”).

    

    WHEREAS,
      the Company’s wholly-owned subsidiary, Encompass Group Affiliates, Inc. (the
“Buyer”),
      has
      entered into a Stock Purchase Agreement, dated as of the date hereof, with
      Vance
      Baldwin, Inc. (“VB”)
      and
      Fred Baldwin, pursuant to which Mr. Baldwin, the sole shareholder of VB will
      sell all of the issued and outstanding stock of VB to the Buyer (the
“Acquisition”).

    

    WHEREAS,
      on the terms and subject to the conditions contained in this Agreement, the
      Company desires to engage H.I.G. to provide certain management and consulting
      services and H.I.G. desires to perform such services for the Company and its
      subsidiaries.

    

    WHEREAS,
      the Company has entered into a Note Purchase Agreement (the “NPA”),
      dated
      as of the date hereof, with Encompass Group Affiliates, Inc., SpectruCell,
      Inc.,
      Hudson Street Investments, Inc., Cyber-Test, Inc., VB, Sankaty Advisors, LLC
      as
      First Lien Collateral Agent for the Senior Note Purchasers (as defined therein)
      and Second Lien Collateral Agent for the Subordinated Note Purchasers (as
      defined therein), and each Senior Note Purchaser and Subordinated Note Purchaser
      listed on Schedule I attached thereto.

    

    NOW,
      THEREFORE, in consideration of the premises and the respective mutual
      agreements, covenants, representations and warranties contained in this
      Agreement, the receipt and sufficiency of which are hereby acknowledged, the
      parties agree as follows:

    

    1. Appointment
      of H.I.G.
      On the
      terms and conditions provided in this Agreement, the Company (on behalf of
      itself and its subsidiaries) appoints H.I.G. and H.I.G. accepts appointment
      as a
      management consultant to the Company and its subsidiaries, including the
      business of any companies hereafter formed or acquired by the Company or any
      such subsidiary.

    

    2. Board
      of Directors Supervision.
      The
      activities of H.I.G. to be performed under this Agreement will be subject to
      the
      supervision of the Board of Directors of the Company (the “Board”)
      to the
      extent required by applicable law or regulation and subject to reasonable
      policies consistent with the terms of this Agreement adopted by the Board and
      in
      effect from time to time.

    

    3. Authority
      of H.I.G.
      Subject
      to any limitations imposed by applicable law or regulation, H.I.G. will render
      management and consulting services to the Company and its subsidiaries, which
      services will include advice and assistance concerning any and all aspects
      of
      the operations, planning and budgeting of the Company and its subsidiaries,
      as
      needed from time to time, including advising the Company and its subsidiaries
      in
      their relationships with banks and other financial institutions and with
      accountants, attorneys, financial advisers and other professionals with respect
      to such services. Upon the request of the Board, H.I.G. will make periodic
      reports to the Company with respect to the management services provided
      hereunder. H.I.G. will cause its employees and agents to provide the Company
      and
      its subsidiaries with the benefit of their special knowledge, skill and business
      expertise to the extent relevant to the business and affairs of the Company
      and
      its subsidiaries.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4. Reimbursement
      of Expenses; Independent Contractor.
      All
      obligations or expenses incurred by H.I.G. in the performance of its duties
      under this Agreement will be for the account of, on behalf of, and at the
      expense of the Company (or the applicable subsidiary). H.I.G. will not be
      obligated to make any advance to, or for the account of, the Company or to
      pay
      any sums, except out of funds held in accounts maintained by the Company (or
      the
      applicable subsidiaries), nor will H.I.G. be obligated to incur any liability
      or
      obligation for the account of the Company or any subsidiary without assurance
      that the necessary funds for the discharge of the liability or obligation will
      be provided. H.I.G. will be an independent contractor, and nothing contained
      in
      this Agreement will be deemed or construed (a) to create a partnership or joint
      venture between the Company and H.I.G., (b) to cause H.I.G. to be responsible
      in
      any way for the debts, liabilities or obligations of the Company, any of its
      subsidiaries or any other party or (c) to constitute H.I.G. or any of its
      employees as employees, officers, or agents of the Company or any of its
      subsidiaries.

    

    5. Other
      Activities of H.I.G.; Investment Opportunities.
      The
      Company acknowledges and agrees that H.I.G. will not be required to devote
      H.I.G.’s (or any of its employees, officers, directors, affiliates or
      associates) full time and business efforts to the duties of H.I.G. specified
      in
      this Agreement, but only so much of such time and efforts as H.I.G. reasonably
      deems necessary. The Company further acknowledges and agrees that H.I.G. and
      its
      affiliates are or may be engaged in the business of investing in, acquiring
      and/or managing businesses for H.I.G.’s own account, for the account of H.I.G.’s
      affiliates and associates and for the account of other unaffiliated parties
      and
      that no aspect or element of these activities will be deemed to be engaged
      in
      for the benefit of the Company nor to constitute a conflict of interest. H.I.G.
      will be required to bring only those investments and/or business opportunities
      to the attention of the Company which H.I.G., in its sole discretion, deems
      appropriate.

    

    6. Compensation
      of H.I.G.

    

    6.1 Management
      Fee.
      The
      Company shall pay (or cause to be paid) to H.I.G. or its designees with respect
      to the management of the business operations of the Company and its
      subsidiaries, a cash consulting and management fee (the “Management
      Fee”)
      equal
      to (i) $400,000 per annum if EBITDA (as defined in the NPA) is less than
      $6,500,000 for the four calendar quarters preceding the date of any payment,
      (ii) $450,000 per annum if EBITDA is greater than or equal to $6,500,000 for
      the
      four calendar quarters preceding the date of the payment, or (iii) $500,000
      per
      annum if EBITDA is greater than or equal to $7,250,000 for the four calendar
      quarters preceding the date of any payment, as the case may be, in each case,
      payable quarterly in advance in equal installments of $100,000 on the first
      business day of each month of January, April, July and October (as adjusted
      pursuant to this Section 6), provided that the Management Fee for the remainder
      of the current calendar quarter shall be paid on a pro rated basis (based on
      the
      number of days remaining in such quarter) on the date hereof. In the event
      that
      EBITDA has changed sufficiently during any calendar quarter or for any trailing
      four calendar quarters to change the amount of Management Fee paid, then any
      such change shall be made as of the first payment to be made after the delivery
      of the financial statements under the NPA (or any other credit documents of
      the
      Company in the event the NPA has terminated) has documented such change in
      EBITDA. Such payment shall also include an adjustment for any increased or
      decreased Management Fee that should have been paid on the first day of the
      previous quarter based on the EBITDA for the four calendar months preceding
      the
      date of such payment.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.2 Additional
      Business Operations.
      If the
      Company or its subsidiaries acquire or enter into any additional business
      operations after the date of this Agreement, the Board and H.I.G. will, prior
      to
      the acquisition or prior to entering into the business operations, (i) in good
      faith, determine whether and to what extent the applicable annual fee set forth
      in Section 6.1 above should be increased as a result thereof, and (ii) notify
      the First Lien Collateral Agent and the Second Lien Collateral Agent in writing
      of any such increase. The Management Fee may not exceed $1,000,000 in any year
      and may only be increased to up to $750,000 per annum if EBITDA for the four
      calendar quarters preceding the date of any payment is at least $12,500,000
      and
      may only be increased to up to $1,000,000 per annum if EBITDA for the four
      calendar quarters preceding the date of any payment is at least $17,500,000
      for
      the four calendar quarters preceding the date of any payment. Any increase
      in
      the Management Fee will be evidenced by a written supplement to this Agreement
      signed by the Company and H.I.G. and will only be payable to the extent
      permitted by the NPA. 

    

    6.3 Limitations
      on Payment of Management Fee.
      Notwithstanding anything contained herein to the contrary the Management Fee
      shall only be payable to the extent permitted by the terms of the NPA. The
      parties hereby agree that to the extent the Company is prohibited from timely
      paying the Management Fee in whole or in part by the NPA, such unpaid Management
      Fee, or portion thereof, shall be accrued (and shall accrue interest at a rate
      of 5% per annum, compounded monthly). Any such accrued Management Fee, or
      portion thereof, shall be paid by the Company within ten (10) days after the
      prohibition on such payment has been waived or otherwise terminated.

     

    6.4 Reimbursement of Expenses.
      The
      Company agrees to reimburse H.I.G. for certain out-of-pocket expenses incurred
      by H.I.G. in connection with the Acquisition and the financing thereof. Such
      reimbursement of expenses shall be paid as of the date hereof by wire transfer
      of immediately available funds to an account designated by H.I.G.

    

    7. Term.
      This
      Agreement will commence as of the date hereof and will remain in effect until
      the fifth anniversary of the date hereof, unless terminated earlier in
      accordance with the provisions of this Agreement.

    

    8. Termination.
      Either
      the Company or H.I.G. may terminate H.I.G.’s engagement under this Agreement in
      the event of the breach of any of the material terms or provisions of this
      Agreement by the other party, which breach is not cured within 10 business
      days
      after notice of the same is given to the party alleged to be in breach by the
      other party. If this Agreement is terminated by H.I.G. because of the breach
      of
      any of the material terms or provisions hereof by the Company, H.I.G. will
      be
      entitled to recover damages from the Company and will not be required to
      mitigate or reduce damages by seeking or undertaking other management
      arrangements or business opportunities.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    9. Standard
      of Care.
      H.I.G.
      (including any person or entity acting for or on behalf of H.I.G.) will not
      be
      liable for any mistakes of fact, errors of judgment, losses sustained by the
      Company or any subsidiary or acts or omissions of any kind, unless caused by
      the
      gross negligence or willful misconduct of H.I.G., as finally determined by
      a
      court of competent jurisdiction.

    

    10. Indemnification
      of H.I.G.
      The
      Company will indemnify and hold harmless H.I.G. and its present and future
      officers, directors, affiliates, employees, controlling persons, agents and
      representatives (“Indemnified
      Parties”)
      from
      and against all losses, claims, liabilities, suits, costs, damages and expenses
      (including attorneys’ fees) arising from their performance of services
      hereunder, except as a result of their gross negligence or willful misconduct.
      The Company will reimburse the Indemnified Parties on a monthly basis for the
      cost of defending any action or investigation (including, but not limited to,
      attorneys’ fees and expenses) subject to an undertaking from any such
      Indemnified Party to repay the Company if such party is determined not to be
      entitled to indemnity.

    

    11. Company
      Representations.
      Each
      party hereby represents and warrants to the other that (i) the execution,
      delivery and performance of this Agreement by it does not conflict with, breach,
      violate or cause a default under any contract, agreement, instrument, order,
      judgment or decree to which it is a party or by which it is bound and (ii)
      upon
      the execution and delivery of this Agreement by the other party, this Agreement
      shall be the valid and binding obligation of the first party, enforceable in
      accordance with its terms.

    

    12. Successors
      and Assigns.
      This
      Agreement is intended to bind and inure to the benefit of and be enforceable
      by
      H.I.G., the Company and their respective successors and assigns, except that
      without the prior written consent of H.I.G., the Company will not assign,
      transfer or convey any of its rights, duties or interest under this Agreement,
      nor will it delegate any of the obligations or duties required to be kept or
      performed by it hereunder.

    

    13. Notices.
      Any
      notices, requests, demands and other communications required or permitted to
      be
      given under this Agreement will be in writing and, except as otherwise specified
      in writing, will be given by personal delivery, facsimile transmission, express
      courier service or by registered or certified mail, postage prepaid, return
      receipt requested:

    

      
        	
                If
                  to the Company:

              	
                Advanced
                  Communications Technologies, Inc.

              
	 	
                420
                  Lexington Avenue, Suite 2739

              
	 	
                New
                  York, NY 10170

              
	 	
                Attention:
                  Wayne Danson, Chief Executive Officer

              
	 	
                Facsimile:
                  646.227.1666

              
	 	 
	
                If
                  to H.I.G.:

              	
                H.I.G.
                  Capital, L.L.C.

              
	 	
                855
                  Boylston Street, 11th Floor

              
	 	
                Boston,
                  Massachusetts 02116

              
	 	
                Attn:
                  John Black and William Nolan

              
	 	
                Facsimile
                  No.: (617) 262-1505

              

      

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

    

    or
      to
      such other addresses as either party hereto may from time to time give notice
      of
      (complying as to delivery with the terms of this Section 13) to the other.
      Notice by registered or certified mail will be effective three days after
      deposit in the United States mail. Notice by any other permitted means will
      be
      effective upon receipt.

    

    14. Severability.
      If any
      term or provision of this Agreement or the application thereof to any person
      or
      circumstance will, to any extent, be invalid or unenforceable, the remainder
      of
      this Agreement, or the application of such term or provision to persons or
      circumstances other than those which are invalid or unenforceable, will not
      be
      affected thereby, and each term and provision of this Agreement will be valid
      and be enforced to the fullest extent permitted by law.

    

    15. No
      Waiver.
      The
      failure of the Company or H.I.G. to seek redress for any violation of, or to
      insist upon the strict performance of, any term or condition of this Agreement
      will not prevent a subsequent act by the Company or H.I.G., which would have
      originally constituted a violation of this Agreement by the Company or H.I.G.,
      from having all the force and effect of any original violation. The failure
      by
      the Company or H.I.G. to insist upon the strict performance of any one of the
      terms or conditions of the Agreement or to exercise any right, remedy or
      election herein contained or permitted by law will not constitute or be
      construed as a waiver or relinquishment for the future of such term, condition,
      right, remedy or election, but the same will continue and remain in full force
      and effect. Except to the extent that the Company’s rights of termination are
      limited herein, all rights and remedies that the Company or H.I.G. may have
      at
      law, in equity or otherwise upon breach of any term or condition of this
      Agreement, will be distinct, separate and cumulative rights and remedies and
      no
      one of them, whether exercised by the Company or H.I.G. or not, will be deemed
      to be in exclusion of any other right or remedy of the Company or
      H.I.G.

    

    16. Entire
      Agreement; Amendment; Certain Terms.
      This
      Agreement contains the entire agreement among the parties hereto with respect
      to
      the matters herein contained and supersedes and preempts any prior
      understandings, agreements or representations by or among the parties, written
      or oral, which may have related to the subject matter hereof in any way. The
      provisions of this Agreement may be amended only with the prior written consent
      of the Company and H.I.G.

    

    17. Governing
      Law.
      This
      Agreement will be governed by and construed in accordance with the internal
      laws
      of the State of New York without reference to the laws of any other
      state.

    

    18. Counterparts.
      This
      Agreement may be executed simultaneously in two or more counterparts, any one
      of
      which need not contain the signatures of more than one party, but all such
      counterparts taken together shall constitute one and the same
      Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    19. Delivery
      by Facsimile.
      This
      Agreement and any amendments hereto, to the extent signed and delivered by
      means
      of a facsimile machine, shall be treated in all manner and respects as an
      original agreement or instrument and shall be considered to have the same
      binding legal effect as if it were the original signed version thereof delivered
      in person. At the request of any party hereto, each other party hereto shall
      reexecute original forms thereof and deliver them to all other parties. No
      party
      hereto shall raise the use of a facsimile machine to deliver a signature or
      the
      fact that any signature was transmitted or communicated through the use of
      a
      facsimile machine as a defense to the formation or enforceability of a contract
      and each such party forever waives any such defense.

     

    {Remainder
      of Page Intentionally Left Blank}

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, this Management Services Agreement has been duly executed
      as of
      the date first above written.

    
       

        
          	 	 	
                  ADVANCED
                    COMMUNICATIONS

                  TECHNOLOGIES,
                    INC.

                
	 	 	 	 
	 	 	
                  By:

                	
                  /s/
                    Wayne I. Danson

                
	 	 	
                  Name:

                	
                  Wayne
                    I. Danson

                
	 	 	
                  Its:

                	
                  President
                    & Chief Executive Officer

                
	 	 	 	 
	 	 	 	 
	 	 	
                  H.I.G.
                    CAPITAL L.L.C.

                
	 	 	 	 
	 	 	
                  By:

                	
                  /s/
                    William J. Nolan IV

                
	 	 	
                  Name:

                	
                  William
                    J. Nolan IV

                
	 	 	
                  Its:

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