Document:

Employment Agreement dated January 3, 2011 for Anthony Zezzo II

 Exhibit 10.17 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement is entered into as of January 3, 2011
(this “Agreement”), between Anthony Zezzo II (“Employee”) and OraSure Technologies, Inc., a Delaware corporation (the “Company”). 
 WHEREAS, the parties wish to set forth the terms of their relationship and to enter into this Agreement and a confidentiality agreement (the “Confidentiality Agreement”). 

NOW, THEREFORE, intending to be legally bound, the parties set forth below the terms and conditions of Employee’s relationship with
the Company. 
 1. Services. 
 1.1 Employment. The Company agrees to employ Employee as Executive Vice President, Marketing and Sales of the Company, and Employee hereby accepts such employment in accordance with the terms and
conditions of this Agreement. Employee shall begin his employment with the Company by January 3, 2011 or such earlier date as may be agreed to by the parties (“Employment Date”). 

1.2 Duties. Employee shall have the position named in Section 1.1 with such powers and duties appropriate to such office
(a) as may be provided by the bylaws of the Company, (b) as otherwise set forth in Exhibit A attached to this Agreement, and (c) as determined by the Company’s board of directors (the “Board of Directors”) from time to
time. Employee’s primary place of work shall be the Company’s headquarters, at its present location in Bethlehem, Pennsylvania. Subject to the provisions of Section 6 hereof, Employee’s position and duties may be changed and
Employee’s primary place of work may be relocated from time to time during the Term (as defined below) of this Agreement. 

1.3 Outside Activities. Employee shall obtain the consent of the Chief Executive Officer of the Company before he engages, either
directly or indirectly, in any other professional or business activities that may require an appreciable portion of Employee’s time or effort to the detriment of the Company’s business. 

1.4 Direction of Services. Employee shall at all times report directly to, and discharge his duties in consultation with and
under the supervision and direction of, the Chief Executive Officer of the Company. 
 2. Term. The initial term of this
Agreement shall begin as of the Employment Date and end on the second anniversary of the Employment Date, unless Employee’s employment is sooner terminated in accordance with Section 6 below (the “Initial Term”). Thereafter, this
Agreement shall automatically renew and Employee’s employment shall continue for successive two-year terms (each, a “Renewal Term” and together with the Initial Term, the “Term”) unless the Company gives Employee written
notice of the Company’s intent not to renew this Agreement at least 60 days before the expiration of the Initial Term or any Renewal Term, or (b) Employee’s employment under this Agreement is terminated in accordance with
Section 6 below. 

  
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 3. Compensation and Expenses. 

3.1 Salary. As compensation for services under this Agreement, the Company shall pay to Employee a regular salary of
$350,000 per annum. Subject to the provisions of Section 6 hereof, such salary may be adjusted from time to time in the discretion of the Board of Directors. Payment shall be made on a bi-weekly basis, less all amounts required by law or
authorized by Employee to be withheld or deducted. For all purposes under this Agreement, the term “salary” shall mean the regular annual compensation of Employee payable under this Section 3.1, as increased but not decreased.

 3.2 Bonus. The Company shall establish an incentive plan each year for the payment of cash bonuses to senior
executive officers (each, a “Bonus Plan”), on such terms as may be approved by the Board of Directors or its compensation committee (the “Compensation Committee”). In addition to the salary described in Section 3.1 above,
Employee shall be entitled to participate in each Bonus Plan, subject to its terms; provided that (a) Employee shall have a target bonus amount as determined by the Compensation Committee under each Bonus Plan which is at least equal to 40% of
Employee’s salary and (b) cash bonuses payable to Employee under each Bonus Plan shall be determined in the same manner as the cash bonuses paid to other senior executive officers of the Company under the applicable Bonus Plan with respect
to the same time period. Notwithstanding the foregoing, Employee shall receive a cash bonus in respect of the 2010 calendar year of $140,000 less the gross amount of any cash bonus received by Employee from Johnson & Johnson for the same
period, which bonus shall be paid no later than March 15, 2011. 
 3.3 Long-Term Incentive. Employee shall be
entitled to participate in accordance with the terms of the plan in any long-term incentive plan that may from time to time be adopted by the Board of Directors or the Compensation Committee, in its sole discretion; provided that compensation or
other benefits provided to Employee under each such long-term incentive plan shall be determined in the same manner as the compensation or other benefits provided under such plans to other senior executive officers of the Company with respect to the
same time period. 
 3.4 Additional Employee Benefits. Employee shall be entitled to receive or participate in any
additional benefits, including without limitation medical and dental insurance programs, qualified and non-qualified profit sharing or pension plans, disability plans, medical reimbursement plans, and life insurance programs, which may from time to
time be made available by the Company to corporate officers. The Company may change or discontinue such benefits at any time in its sole discretion; provided that additional benefits provided to Employee shall be determined in the same manner as the
benefits provided to other senior executive officers of the Company under such plans with respect to the same time period. 

3.5 Expenses. The Company shall reimburse Employee for all reasonable and necessary expenses incurred in carrying out his duties
under this Agreement, subject to compliance with the Company’s reasonable policies relating to expense reimbursement. Expenses subject to reimbursement under this Section 3.5 shall include, but not be limited to, the cost of
business-related travel, lodging and meals and the fees and expenses incurred by Employee to maintain his membership in professional associations and obtain 

  
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continuing professional education reasonably required in connection with Employee’s performance of his duties under this Agreement. All reimbursements under this Section 3.5 will be
made as soon as practicable after submission of any required documentation, in compliance with the Company’s reasonable policies relating to expense reimbursement; provided, however, that all reimbursements will be made no later than the end of
the calendar year after the calendar year during which the related expense is incurred. 
 3.6 Fees. All compensation
earned by Employee, other than pursuant to this Agreement, as a result of services performed on behalf of the Company or as a result of or arising out of any work done by Employee in any way related to the scientific or business activities of the
Company shall belong to the Company. Employee shall pay or deliver such compensation to the Company promptly upon receipt. For the purposes of this provision, “compensation” shall include, but is not limited to, all professional and
nonprofessional fees, lecture fees, expert testimony fees, publishing fees, royalties, and any related income, earnings, or other things of value; and “scientific or business activities of the Company” shall include, but not be limited to,
any project or projects in which the Company is involved and any subject matter that is directly or indirectly researched, tested, developed, promoted, or marketed by the Company. 

4. Stock Awards. 
 4.1 General. Employee shall be entitled to participate in the Company stock award plan, as may be amended from time to time, and in any successor or replacement stock award or similar plan. The
number of stock options or other stock awards that are granted to Employee under the plan from time to time shall be determined by the Board of Directors or the Compensation Committee; provided that (a) Employee shall have a target amount of
stock options as determined by the Compensation Committee under the Company’s stock award plan, which is at least equal to the target amount for Employee under the Company’s stock option guidelines for senior managers as in effect from
time to time (the guidelines for 2010 having been filed as Exhibit 10.15 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2009), and (b) Employee shall be entitled to receive stock options and other stock
awards which are determined in the same manner as the stock options and stock awards granted to other senior executive officers of the Company under the stock award plan with respect to the same time period. All stock options or other stock awards
granted to Employee on or after the date of this Agreement shall, to the extent then unvested, immediately vest (i) in the event of a Change of Control (as defined herein) or (ii) in the event Employee’s employment is terminated with
Good Reason (as defined herein) pursuant to Section 6.4 or without Cause (as defined herein) pursuant to Section 6.5 during a Change of Control Period (as defined herein), and 50% of such stock options or other stock awards shall, to the
extent then unvested, immediately vest in the event Employee’s employment is terminated with Good Reason pursuant to Section 6.4 or without Cause pursuant to Section 6.5 during any period other than a Change of Control Period.

 4.2 Stock Option Grant. On or as soon as practicable after the Employment Date, Employee shall be granted the
option to purchase 115,000 shares of the Company’s common stock pursuant to the Company’s stock award plan. This option shall be a non-qualified stock option. The first 25% of the foregoing option (28,750 shares) shall vest one
(1) year from the date of grant and the remaining 75% (86,250 shares) shall vest in equal 

  
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monthly installments during the next three (3) succeeding years. The exercise price of the foregoing option shall be the average of the high and low sales prices of the Company’s
common stock, as reported on the NASDAQ Stock Market, on the date of grant.
 4.3 Restricted Share Grant. On or as
soon as practicable after the Employment Date, Employee shall be granted 75,000 shares of restricted stock under the Company’s stock award plan. The first one-third of such restricted shares (25,000 shares) shall vest one (1) year from the
date of grant, a second one-third of such shares shall vest two (2) years from the date of grant and the final one-third of such shares shall vest three (3) years from the date of grant. 

5. Confidentiality Agreement. Employee’s compliance with the terms of the Confidentiality Agreement is a material requirement
of this Agreement and any breach of the Confidentiality Agreement that is materially detrimental to the Company and that, if capable of being cured, is not cured within 30 days of written notice thereof from the Company to Employee, shall constitute
a material breach of this Agreement. 
 6. Termination. 

6.1 Termination Upon Death or Disability. Employee’s employment under this Agreement shall terminate immediately upon
Employee’s death or Disability. The term “Disability” means Employee is (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result
in death or can be expected to last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to
last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Company. 

6.2 Termination by Employee. Employee may terminate his employment under this Agreement by 60 days’ written notice to the
Company. 
 6.3 Termination by the Company for Cause. Employee’s employment under this Agreement may be terminated
by the Company at any time for Cause. Only the following actions, failures, or events by or affecting Employee shall constitute “Cause” for termination of Employee by the Company: (i) willful and continued failure by Employee to
substantially perform his duties provided herein after a written demand for substantial performance is delivered to Employee by the Chief Executive Officer or Board of Directors of the Company, which demand identifies with reasonable specificity the
manner in which Employee has not substantially performed his duties, and Employee’s failure to comply with such demand within a reasonable time; (ii) the engaging by Employee in gross misconduct or gross negligence materially injurious to
the Company; (iii) the commission of any act in direct competition with or materially detrimental to the best interests of the Company; or (iv) Employee’s conviction of having committed a felony. Notwithstanding the foregoing,
Employee shall not be deemed to have been terminated by the Company for Cause unless and until there shall have been delivered to him a copy of a resolution duly adopted by the 

  
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affirmative vote of not less than a majority of the entire membership of the Board of Directors of the Company finding that, in the good faith opinion of the Board of Directors, the Company has
Cause for the termination of the employment of Employee as set forth in any of clauses (i) through (iv) above and specifying the particulars thereof in reasonable detail. The findings of the Board of Directors shall not be binding in
connection with any litigation or dispute arising out of this Agreement. 
 6.4 Termination by Employee With Good
Reason. Employee may terminate his employment under this Agreement for Good Reason; provided that (i) Employee gives written notice to the Board of Directors within 90 days of the event constituting Good Reason; (ii) the Company has
not cured the event giving rise to such notice within 30 days of receipt of Employee’s notice; and (iii) such termination of employment occurs not less than two years after the occurrence of the event constituting Good Reason. The term
“Good Reason” shall mean any of the following: (a) a material breach of this Agreement by the Company; (b) a material diminution in Employee’s base compensation or authority, duties or responsibilities; (c) a material
diminution in the authority, duties or responsibilities of the person to whom Employee reports, including a change in Employee’s reporting obligation from the Board of Directors to another employee of the Company, if applicable; (d) a
material diminution of the budget over which Employee exercises control; or (e) a material change in Employee’s job location. 
 6.5 Termination by the Company Without Cause. The Company may terminate Employee’s employment under this Agreement without Cause by 60 day’s written notice to Employee. In the event the
Company fails to renew this Agreement pursuant to Section 2, such failure shall be deemed to be a termination of Employee’s employment by the Company without Cause. 
 6.6 Definitions. For purposes of this Agreement, the term “Change of Control Period” shall mean the period which begins on the occurrence of a Change of Control and ends 18 months
thereafter. For purposes of this Agreement, the term “Change of Control” shall mean a change of control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A pursuant to the
Securities Exchange Act of 1934 (the “Exchange Act”); provided, however, that a change of control shall only be deemed to have occurred at such time as (i) any person, or more than one person acting as a group within the meaning of
Section 409A of the Internal Revenue Code (the “Code”) and the regulations issued thereunder, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the
total fair market value or total voting power of the stock of the Company; (ii) any person, or more than one person acting as a group within the meaning of Code Section 409A and the regulations issued thereunder, acquires (or has acquired
during the 12-month period ending on the date of the most recent acquisition) ownership of stock of the Company possessing 30 percent or more of the total voting power of the Company’s stock; (iii) a majority of the members of the Board of
Directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board of Directors before the date of the appointment or election; or (iv) a person, or more than
one person acting as a group within the meaning of Code Section 409A and the regulations issued thereunder, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition) assets from the Company that
have a total gross fair market 

  
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value equal to or more than 40 percent of the total gross fair market value of all the assets of the Company immediately before such acquisition or acquisitions. 

6.7 Compensation Upon Termination. 
 6.7.1 Termination Upon Death or Disability, by Employee (Other Than for Good Reason) or for Cause. In the event of a termination of Employee’s employment under Sections 6.1, 6.2, or 6.3,
Employee (i) shall be paid all salary pursuant to Section 3.1 through the date of termination and any bonus that has been approved by the Board of Directors or Compensation Committee prior to the date of termination but not yet paid (such
bonus shall be paid at the time otherwise payable to other officers of the Company) and (ii) in the case of a termination under Section 6.1, shall receive a prorated portion of any cash bonus for the calendar year in which termination
occurs (calculated based on the number of days in the calendar year that have passed prior to Employee’s death or commencement of Employee’s Disability, as the case may be), which would have been otherwise payable pursuant to
Section 3.2 in the absence of the termination of Employee’s employment, which bonus shall be payable to Employee or his estate at the time that cash bonuses are or would otherwise be payable to other officers of the Company in respect of
such year. Except as provided in Section 6.8, all salary and benefits shall cease on the date of termination under Sections 6.1, 6.2 or 6.3, subject to the terms of any benefit plans then in force and applicable to Employee, and the Company
shall have no further liability or obligation hereunder by reason of such termination. 
 6.7.2 Termination Without Cause or
Upon Good Reason. In the event of a termination of Employee’s employment with the Company pursuant to Section 6.4 or 6.5, Employee: (i) shall be paid all salary pursuant to Section 3.1 through the date of termination and any
bonus that has been approved by the Board of Directors or Compensation Committee prior to the date of termination but not yet paid (such bonus shall be paid at the time otherwise payable to other officers of the Company); (ii) shall (A) if
such termination is for Good Reason pursuant to Section 6.4 or without Cause pursuant to Section 6.5 and does not occur during a Change of Control Period, be paid a lump sum equivalent to 12 months of Employee’s annual salary,
or (B) if such termination is for Good Reason pursuant to Section 6.4 or without Cause pursuant to Section 6.5 and occurs during a Change of Control Period, be paid a lump sum equivalent to 24 months of the Employee’s annual
salary; (iii) shall receive a cash bonus for the calendar year in which termination occurs equal to Employee’s target bonus for such year established pursuant to Section 3.2; and (iv) for a period of one year after the date of
termination, shall receive benefits for Employee and/or Employee’s family at levels substantially equal to those which would have been provided to them in accordance with the plans described in Section 3.4 of this Agreement if
Employee’s employment had not been terminated, including health, disability and life insurance, in accordance with the most favorable plans of the Company in effect during the 90-day period immediately preceding the date of termination (amounts
payable under clauses (ii), (iii) and (iv) are collectively referred to as “severance”). Subject to Section 6.9, all payments will be made (or commence) under this Section 6.7 on the 90th day after termination of
employment hereunder. As a condition to receipt of severance under this Section 6.7.2, within 30 days following termination of Employee’s employment, Employee shall sign and deliver a release agreement, in form and substance substantially
as set forth in Exhibit B hereto, releasing all claims related to Employee’s employment. The severance shall be in lieu of and not in addition to any other severance arrangement maintained by the Company, and shall be

  
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offset by any monies Employee may owe to the Company. The Company’s obligation to pay the amounts stated in clauses (ii), (iii) and (iv) of this Section 6.7.2 shall terminate
if, during the period commencing on termination of employment and continuing until all severance payments have been made by the Company, Employee fails to comply with the Confidentiality Agreement and such failure would constitute a material breach
of this Agreement under Section 5 hereof. 
 6.8 Health Insurance. In the event of a termination of Employee’s
employment as a result of a Disability or pursuant to Sections 6.4 or 6.5, Employee shall be entitled, at Employee’s election upon written notice to the Company, to receive medical and dental insurance coverage for Employee and his or her
family pursuant to the health plan or plans offered by the Company to other senior executives. Such insurance coverage shall be at Employee’s sole cost (except as otherwise provided in Section 6.7.2(iv)) and shall be available to Employee
and Employee’s family for the longer of Employee’s or his or her spouse’s lifetime; provided that the Company shall only be required to provide medical and dental coverage pursuant to this Section 6.8 to the extent the Company is
self insured for such coverage or coverage for former employees is available on reasonable terms (as determined by the Company) by the Company’s provider(s) of medical and dental coverage. This Section 6.8 shall be binding on the Company
or any successor or assignee of the Company. 
 6.9 Section 409A. This Agreement is intended to comply with
Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”) (to the extent applicable) and the parties hereto agree to interpret, apply and administer this Agreement in the least restrictive manner
necessary to comply therewith and without resulting in any increase in the amounts owed hereunder by the Company. Notwithstanding anything herein to the contrary, the Company shall have no liability to the Employee or to any other person if the
payments and benefits provided in this Agreement are not exempt from or compliant with Code Section 409A. Notwithstanding any other provision of this Agreement to the contrary, if Employee is a “specified employee” within the meaning
of Section 409A of the Internal Revenue Code, as amended (the “Code”) at the time of Employee’s termination of employment and any payment under this Section 6 would otherwise subject Employee to any tax, interest or penalty
imposed under Code Section 409A (or any regulation promulgated thereunder) if the payment or benefit would commence as set forth in this Section 6, then the payment due under this Section 6 shall not be made (or commence) until the
first day which is at least six months after the date of the Employee’s termination of employment. All payments, which would have otherwise been required to be made to Employee over such six month period, shall be paid to Employee in one lump
sum payment as soon as administratively feasible after the first day which is at least six months after the date of Employee’s termination of employment with the Company. 
 7. Indemnification. The Company agrees that if Employee is made a party (or is threatened to be made a party to) any action, suit, or proceeding, whether civil, criminal, administrative, or
investigative (a “Proceeding”), by reason of his service (including past service) as an officer, director, employee, agent, or the like of the Company, or is or was serving at the request of the Company as an officer, director, employee,
agent, or the like of another entity, including, without limitation, as a fiduciary of an employee benefit plan sponsored or established by the Company (any such service for a subsidiary, affiliate, joint venture or other entity in which the Company
has an ownership or other financial interest, or as a fiduciary of any employee benefit plan sponsored by the Company or any such other entity, shall 

  
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be presumed to be at the request of the Company), whether or not the basis of such Proceeding is an act or omission alleged to have occurred while Employee was acting in an official capacity as a
director, officer, employee, agent, or the like, then Employee shall be indemnified and held harmless by the Company to the fullest extent authorized by applicable law (including for all reasonable attorneys’ fees and costs incurred by
Employee), and such indemnification shall continue even if Employee has ceased to be a director, officer, employee, agent, or the like of the Company for any reason. 
 8. Insurance. During the Term and for a period of six years thereafter (regardless of the reason for the termination of Employee’s employment), the Company shall maintain suitable directors
and officers insurance coverage for Employee in his respective roles and shall name Employee as an additional insured under such insurance policies, which policies shall be no less favorable to Employee than such insurance policies that cover the
Company’s directors during such time period. 
 9. Non-Competition. In consideration of the severance payable
hereunder, during the Term and for a period of one (1) year thereafter, Executive agrees that, unless he obtains written agreement from the Company or the Board of Directors, he will not: 

a. recruit, solicit, or hire any executive or employee of the Company; 

b. induce or solicit any current or prospective customer, client, or supplier of the Company to cease being a customer, client or
supplier or divert Company business away from any customer, client, or supplier of the Company; or 
 c. own, manage, control,
work for, or provide services to any entity which competes with the Company in the market for rapid point-of-care, oral fluid diagnostic testing in the United States (the “Protected Business”); 

provided, however, that this Section 9 (i) shall not prevent Employee from accepting a position with and working for any other entity which
competes with the Company in the Protected Business, if such business is diversified, Employee is employed in a department, division or other unit of the business that is not engaged in the Protected Business and Employee does not, directly or
indirectly, provide any assistance, services, advice, consultation or information with respect to rapid point-of-care oral fluid diagnostic testing to the department, division or unit of the business engaged in the Protected Business; and
(ii) shall not prevent Employee from purchasing or owning less than five percent (5%) of the stock or other securities of any entity, provided that such stock or other securities are traded on any national or regional securities exchange
or are actively traded in the over-the-counter market and registered under Section 12(g) of the Securities Exchange Act of 1934, as amended. 
 10. Remedies. The respective rights and duties of the Company and Employee under this Agreement are in addition to, and not in lieu of, those rights and duties afforded to and imposed upon them by
law or at equity. 
 11. Severability of Provisions. The provisions of this Agreement are severable, and if any provision
hereof is held invalid or unenforceable, it shall be enforced to the 

  
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maximum extent permissible, and the remaining provisions of the Agreement shall continue in full force and effect. 
 12. Nonwaiver. Failure by either party at any time to require performance of any provision of this Agreement shall not limit the right of the party failing to require performance to enforce the
provision. No provision of this Agreement may be waived by either party except by a writing signed by that party. A waiver of any breach of a provision of this Agreement shall be construed narrowly and shall not be deemed to be a waiver of any
succeeding breach of that provision or a waiver of that provision itself or of any other provision. 
 13.
Non-Disparagement. Both during and after his employment, Employee agrees not to disparage the Company or any of its stockholders, directors, officers, or employees, and the Company agrees not to disparage, and to cause its directors, officers
and employees not to disparage, Employee. Employee and the Company agree not to make any statement or engage in any conduct that might affect adversely the business or professional reputation of the other party or, in the case of the Company, any of
its stockholders, directors, officers or employees and the Company. Any breach of this Section 14 by a director, officer or employee of the Company shall be deemed to be a breach by the Company. 

14. Other Agreements. Employee represents, warrants and, where applicable, covenants to the Company that: 

(a) There are no restrictions, agreements or understandings whatsoever to which Employee is a party which would prevent or make unlawful
Employee’s execution of this Agreement or Employee’s employment hereunder, or which is or would be inconsistent or in conflict with this Agreement or Employee’s employment hereunder, or would prevent, limit or impair in any way the
performance by Employee of his obligations hereunder; 
 (b) Employee’s execution of this Agreement and Employee’s
employment hereunder shall not constitute a breach of any contract, agreement or understanding, oral or written, to which Employee is a party or by which Employee is bound; and 

(c) Employee is free to execute this Agreement and to be employed by the Company as an employee pursuant to the provisions set forth
herein. 
 15. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the Company and
Employee and their respective successors, executors, administrators, heirs and/or permitted assigns; provided, however, that neither Employee nor the Company may make any assignments of this Agreement or any interest herein, by operation of
law or otherwise, without the prior written consent of the other party, except that, without such consent, the Company may assign this Agreement to any successor to all or substantially all the business or assets of the Company by means of
liquidation, dissolution, merger, consolidation, transfer of assets, or otherwise and Employee may transfer this Agreement by will or the laws of descent and distribution. The Company will require any successor (whether direct or indirect, by
merger, consolidation, transfer of assets, or otherwise) acquiring all or substantially all of the business and/or assets of the Company (whether such assets are held directly or indirectly) to assume expressly and agree to perform this Agreement in
the same manner and to the same 

  
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extent that the Company would be required to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and
any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise. 
 16. Non-exclusivity of Rights; Effect of Agreement. Nothing in this Agreement shall prevent or limit Employee’s continuing or further participation in any benefit, bonus, incentive,
stock-based or other plan or program provided by the Company and for which Employee may qualify. Except as otherwise provided herein, amounts and benefits which are vested benefits or which Employee is otherwise entitled to receive at or subsequent
to the date of termination shall be payable in accordance with such plan or program. In the event any term of this Agreement is more favorable to Employee than the corresponding terms of any Company plan in which Employee participates or of any
agreement applicable to any stock option, restricted stock grant, stock-based or other award granted to Employee by the Company, then the terms of this Agreement shall govern and the benefit under each such Company plan and Employee’s rights
and benefits under each such award shall be determined in accordance with the terms of this Agreement. For the avoidance of any doubt, in the event of the termination of Employee’s employment under circumstances described in Section 6.8.2,
the provisions of Section 4 shall apply to each stock option, restricted stock grant and to each other stock-based award whenever granted to the Employee and any forfeiture or recapture provision in any stock option, restricted stock grant, or
other stock-based or incentive award which arises upon engaging in competition with the Company shall apply only in the event of Employee’s material breach of Section 9(c) of this Agreement. 

17. Entire Agreement; Amendments. This Agreement and the Confidentiality Agreement contain the entire agreement and understanding
of the parties hereto relating to the subject matter hereof and thereof, and supersede all prior and contemporaneous discussions, agreements and understandings of every nature relating to the employment of Employee by the Company. This Agreement may
not be changed or modified, except by an agreement in writing signed by each of the parties hereto. 
 18. Consent to
Suit. Any legal proceeding arising out of or relating to this Agreement shall be instituted in the United States District Court for the Eastern District of Pennsylvania, or if such court does not have jurisdiction or will not accept
jurisdiction, in any court of general jurisdiction in the county in Pennsylvania in which the Company maintains its principal place of business, and Employee and the Company hereby consent to the personal and exclusive jurisdiction of such court and
hereby waive any objection that Employee or the Company may have to personal jurisdiction, venue, and any claim or defense of inconvenient forum. 
 19. Counterparts and Facsimiles. This Agreement may be executed, including execution by facsimile signature, in one or more counterparts, each of which shall be deemed an original, and all
of which together shall be deemed to be one and the same instrument. 
 20. Governing Law. This Agreement shall be
governed by, and enforced in accordance with, the laws of the Commonwealth of Pennsylvania without regard to the application of the principles of conflicts of laws. 

  
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 The parties have executed this Employment Agreement as of the date stated above. 

 

							
		 		 	ORASURE TECHNOLOGIES, INC.
				
	 /s/ Anthony Zezzo II
	 		 	By:	 	 /s/ Douglas A. Michels

	Anthony Zezzo II	 		 		 	
				
		 		 	Title:	 	 President & CEO

  
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 EXHIBIT A 
 Specific Duties of Employee as Executive Vice President, Marketing and Sales 

Employee, as the Executive Vice President, Marketing and Sales of the Company or the surviving entity in the event of a Change of Control, shall have
duties commonly performed by the officer in charge of marketing and sales of a company with capital stock that is publicly traded on a national stock exchange, including, without limitation, being the individual primarily responsible for
(i) overseeing the product marketing and sales activities of the Company or such surviving entity; (ii) assisting in identifying and evaluating new products and technologies and product improvements and enhancements to be developed or
acquired by the Company or such surviving entity; and (iii) assisting the Chief Executive Officer of the Company or such surviving entity in developing strategic business plans and in planning and evaluating mergers, acquisitions and other
strategic matters. 

 EXHIBIT B 
 RELEASE AGREEMENT 
 THIS RELEASE AGREEMENT (the “Agreement”) is entered
into on this      day of                     ,         , by and
between Anthony Zezzo II (“Executive”) and OraSure Technologies, Inc., a Delaware corporation, together with each and every of its predecessors, successors (by merger or otherwise), parents, subsidiaries, affiliates, divisions and related
entities directors, officers, Executives, attorneys and agents, whether present or former (collectively the “Company”); 
 WHEREAS, Executive is entitled to receive severance under an Employment Agreement (“Employment Agreement”), dated
                    , between Employee and the Company; 
 WHEREAS, Executive agrees to execute this Separation Agreement and Release as additional consideration for such severance; and 
 WHEREAS, capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in the Employment Agreement. 
 NOW, THEREFORE, the parties agree as follows, in consideration of the mutual covenants and obligations contained herein, and intending to be legally held bound: 

1. Consideration. In consideration for Executive’s receipt of severance as provided in the foregoing Employment Agreement,
Executive is willing to enter into this Agreement and provide the release set forth herein. 
 2. Executive’s
Release. Executive hereby generally releases and discharges the Company, together with each and every of its predecessors, successors (by merger or otherwise), parents, subsidiaries, affiliates, divisions and related entities, directors,
officers, executives, attorneys and agents, whether present or former (collectively the “Releasees”), from any and all suits, causes of action, complaints, obligations, demands, or claims of any kind, whether in law or in equity, direct or
indirect, known or unknown, suspected or unsuspected (hereinafter “claims”), which the Executive ever had or now has arising out of or relating to any matter, thing or event occurring up to and including the date of this Agreement. Except
as otherwise expressly provided in this Agreement, Executive’s release specifically includes, but is not limited to: 
 a.
any and all claims for wages and benefits including, without limitation, salary, stock, options, commissions, royalties, license fees, health and welfare benefits, separation pay, vacation pay, incentives, and bonuses; 

b. any and all claims for wrongful discharge, breach of contract (whether express or implied), or for breach of the implied covenant of
good faith and fair dealing; 

 c. any and all claims for alleged employment discrimination on the basis of age, race,
color, religion, sex, national origin, veteran status, disability and/or handicap and any and all other claims in violation of any federal, state or local statute, ordinance, judicial precedent or executive order, including but not limited to claims
under the following statutes: Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. §2000e et seq., the Civil Rights Act of 1866, 42 U.S.C. §1981, the Age Discrimination in Employment Act, 29 U.S.C. §621 et seq., the Older
Workers Benefit Protection Act, 29 U.S.C. §626(f), the Americans with Disabilities Act, 42 U.S.C. §12101 et seq., the Family and Medical Leave Act of 1993, the Fair Labor Standards Act, the Employee Retirement Income Security Act of 1974,
or any comparable statute of any other state, country, or locality except as required by law, but excluding claims for vested benefits under the Company’s pension plans; 
 d. any and all claims under any federal, state or local statute or law; 
 e. any
and all claims in tort (including but not limited to any claims for misrepresentation, defamation, interference with contract or prospective economic advantage, intentional or negligent infliction of emotional distress, duress, loss of consortium,
invasion of privacy and negligence); 
 f. any and all claims for attorneys’ fees and costs; and 

g. any and all other claims for damages of any kind. 
 Notwithstanding the foregoing, nothing contained in this paragraph shall apply to, or shall release the Company from, (i) any obligation of the Company under this Agreement, the Transition Services
Agreement (if any) or the Employment Agreement; (ii) any accrued or vested benefit of Executive pursuant to any employee benefit plan of the Company, including any benefit not yet due and payable; (iii) any obligation of the Company under
existing stock options, restricted stock or other stock awards; or (iv) any right to indemnification under the Agreement, the By-Laws or Certificate of Incorporation of the Company or any subsidiary or any insurance policy maintained by the
Company or any subsidiary or other entity. 
 3. Acknowledgment. Executive understands that his release extends to all of
the aforementioned claims and potential claims which arose on or before the date of this Agreement, whether now known or unknown, suspected or unsuspected, and that this constitutes an essential term of this Agreement. Executive further understands
and acknowledges the significance and consequence of this Agreement and of each specific release and waiver, and expressly consents that this Agreement shall be given full force and effect according to each and all of its express terms and
provisions, including those relating to unknown and unsuspected claims, demands, obligations, and causes of action, if any, as well as those relating to any other claims, demands, obligations or causes of action herein above-specified. 

4. Remedies. All remedies at law or in equity shall be available to the Company for the enforcement of this Agreement. This
Agreement may be pleaded as a full bar to the enforcement of any claim that Executive may assert against the Company in violation of this Agreement. 

  
 -2-

 5. No Admissions. Neither the execution of this Agreement by the Company, nor the
terms hereof, constitute an admission by the Company of liability to Executive. 
 6. Confidentiality. To the extent not
otherwise made public by the Company, Executive shall not disclose or publicize the terms or fact of this Agreement, directly or indirectly, to any person or entity, except to Executive’s attorney, spouse, and to others as required by law.
Executive is specifically prohibited from disclosing the facts or terms of this Agreement to any former or present executive of the Company except as required by law. 
 7. Entire Agreement. This Agreement, together with the terms of the Employment Agreement, contain the entire agreement of the parties with respect to the subject matter hereof, supersede any prior
agreements or understandings with respect to the subject matter hereof, and shall be binding upon their respective heirs, executors, administrators, successors and assigns. 
 8. Severability. If any term or provision of this Agreement shall be held to be invalid or unenforceable for any reason, the validity or enforceability of the remaining terms or provisions shall
not be affected, and such term or provision shall be deemed modified to the extent necessary to make it enforceable. 
 9.
Advice of Counsel; Revocation Period. Executive is hereby advised to seek the advice of counsel. Executive acknowledges that he is acting of his own free will, that he has been afforded a reasonable time to read and review the terms of this
Agreement, and that Executive is voluntarily entering into this Agreement with full knowledge of its provisions and effects. Executive intends that this Agreement shall not be subject to any claim for duress. Executive further acknowledges that he
has been given at least twenty-one (21) days within which to consider this Agreement and that if Executive decides to execute this Agreement before the twenty-one day period has expired, Executive does so voluntarily and waives the opportunity
to use the full review period. Executive also acknowledges that he has seven (7) days following his execution of this Agreement to revoke acceptance of this Agreement, with the Agreement not becoming effective until the revocation period has
expired. If Executive chooses to revoke his acceptance of this Agreement, he should provide written notice to: 
 General
Counsel 
 OraSure Technologies, Inc. 
 220 East First Street 
 Bethlehem, Pennsylvania 18015 

10. Amendments. Neither this Agreement nor any term hereof may be orally changed, waived, discharged, or terminated, and may be
amended only by a written agreement between the parties hereto. 
 11. Governing Law. This Agreement shall be governed by
the laws of the Commonwealth of Pennsylvania, without regard to the conflict of law principles of any jurisdiction. 

  
 -3-

 12. Legally Binding. The terms of this Agreement contained herein are contractual,
and not a mere recital. 
 IN WITNESS WHEREOF, the parties, acknowledging that they are acting of their own free will, have
caused the execution of this Agreement as of this day and year written below. 
  

			
	OraSure Technologies, Inc.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	  

	Anthony Zezzo II

  
 -4-Private Placement Subscription Agreement

 Exhibit 4.1 
 THIS SUBSCRIPTION IS EXECUTED IN RELIANCE UPON THE EXEMPTION PROVIDED BY SECTION 4(2) AND REGULATION D, RULE 506 FOR TRANSACTIONS NOT INVOLVING A PUBLIC OFFERING UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”). THIS OFFERING IS BEING MADE ONLY TO ACCREDITED INVESTORS. NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION RELATES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE SECURITIES LAWS, AND,
UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION D UNDER THE SECURITIES ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE SECURITIES ACT. 
 CONFIDENTIAL 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT 
  

			
	TO:	  	FNDS3000 Corp (the “Company”)
		  	4651 Salisbury Road, Suite 533
		  	Jacksonville, FL 32256
		  	United States of America

 Purchase of
Securities 
 1. Subscription 
  

	1.1	The undersigned (the “Subscriber”) hereby irrevocably subscribes for and agrees to purchase (i) 3,592,843 shares of the common stock of the
Company (the “Shares”); and (ii) 3,592,843 common stock purchase warrants with an exercise price of USD $0.278 (the “Warrants”) (such subscription and agreement to purchase being the
“Subscription”), for an aggregate purchase price of USD $499,405.22 (the “Subscription Proceeds”). Each Warrant will entitle the holder to purchase one additional Share (the “Underlying Shares”) for
a period of 24 months from the Closing Date (as defined below). The Shares, Warrants and Underlying Shares are together referred to herein as the “Securities.” 

 

	1.2	On the basis of the representations and warranties and subject to the terms and conditions set forth herein, the Company hereby irrevocably agrees to sell the Shares,
Warrants and Underlying Shares to the Subscriber. 

  

	1.3	Subject to the terms hereof, the Subscription will be effective upon its acceptance by the Company. 

 

	1.4	The form of Warrant is attached hereto as Exhibit A. 

  

	1.5	Upon consummation of the transaction contemplated herein, the Company and the Subscriber both acknowledge and agree that the obligations of Subscriber as set forth in
the Commitment Agreement (the “Commitment Agreement”) dated October 19, 2010 by and between Subscriber and Company, as such obligations relate to Tranche 3 (as defined in the Commitment Agreement), have been satisfied in full.

 2. Payment 
  

	2.1	The Subscription Proceeds must accompany this Subscription and shall be paid by certified check or bank draft drawn on a United States chartered bank, and made payable
and delivered to the Company. Alternatively, the Subscription Proceeds may be wired to the Company pursuant to wiring instructions that will be provided to the Subscriber upon request. 

 

	2.2	The Subscriber acknowledges and agrees that this Agreement, the Subscription Proceeds and any other documents delivered in connection herewith will be held on behalf of
the Company. In the event that this Agreement is not accepted by the Company for whatever reason, which the Company expressly reserves the right to do, within 30 days of the delivery of an executed Agreement by the Subscriber, this Agreement, the
Subscription Proceeds (without interest thereon) and any other documents delivered in connection herewith will be returned to the Subscriber at the address of the Subscriber as set forth in this Agreement. 

 

	2.3	Where the Subscription Proceeds are paid to the Company, the Company is entitled to treat such Subscription Proceeds as an interest-free loan to the Company until such
time as the Subscription is accepted and the certificates representing the Shares have been issued to the Subscriber. 

 3.
Documents Required from Subscriber 
  

	3.1	The Subscriber must complete, sign and return to the Company an executed copy of this Agreement. 

 

	3.2	The Subscriber shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires, notices and undertakings as
may be required by regulatory authorities, and applicable law. 

 4. Closing. Closing of the purchase of the
Securities (the “Closing”) shall occur on or before March 11, 2011 or on such other date as may be determined by the Company (the “Closing Date”). 
 5. Acknowledgements of Subscriber 
  

	5.1	The Subscriber acknowledges and agrees that: 

  

	 	(a)	none of the Securities have been registered under the 1933 Act, or under any state securities or “blue sky” laws of any state of the United States, and,
unless so registered, may not be offered or sold in the United States or, directly or indirectly, except in accordance with the provisions of, and pursuant to an effective registration statement under, the 1933 Act, or pursuant to an exemption from,
or in a transaction not subject to, the registration requirements of the 1933 Act, and in each case in accordance with applicable state securities laws; 

  

	 	(b)	the decision to execute this Agreement and acquire the Securities hereunder has not been based upon any oral or written representation as to fact or otherwise made by
or on behalf of the Company; 

  
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	 	(c)	neither the Securities and Exchange Commission nor any other securities commission or similar regulatory authority has reviewed or passed on the merits of the
Securities; 

  

	 	(d)	there is no government or other insurance covering any of the Securities; 

  

	 	(e)	there are risks associated with an investment in the Securities; 

  

	 	(f)	the Subscriber has not acquired the Securities as a result of, and will not itself engage in, any “directed selling efforts” (as defined under the 1933 Act)
in the United States in respect of the Securities which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the resale of any of the
Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Securities pursuant to registration thereof under the 1933 Act and any applicable state securities laws or under an exemption from such registration
requirements; 

  

	 	(g)	the Subscriber and the Subscriber’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers from the Company in connection with the
distribution of the Securities hereunder, and to obtain additional information, to the extent possessed or obtainable without unreasonable effort or expense, necessary to verify the accuracy of information about the Company;

  

	 	(h)	the books and records of the Company were available upon reasonable notice for inspection, subject to certain confidentiality restrictions, by the Subscriber during
reasonable business hours at its principal place of business, and all documents, records and books in connection with the distribution of the Securities hereunder have been made available for inspection by the Subscriber, the Subscriber’s
lawyer and/or advisor(s); 

  

	 	(i)	the Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents, advisors and shareholders, from and
against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit,
administrative proceeding or investigation whether commenced or threatened) arising out of or based upon any representation or warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection
herewith being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber to the Company in connection therewith; 

 

	 	(j)	the Company will refuse to register any transfer of the Securities not made in accordance with, or pursuant to an effective registration statement under, the 1933 Act
or pursuant to an available exemption from the registration requirements of the 1933 Act and in accordance with applicable state securities laws; 

  

	 	(k)	the Subscriber has been advised to consult the Subscriber’s own legal, tax and other advisors with respect to the merits and risks of an investment in the
Securities and with respect to applicable resale restrictions, and it is solely responsible (and the Company is not in any way responsible) for compliance with: 

 

	 	(i)	any applicable laws of the jurisdiction in which the Subscriber is resident in connection with the distribution of the Securities hereunder, and

  
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	 	(ii)	applicable resale restrictions; 

  

	 	(l)	this Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges and agrees that the Company reserves the
right to reject any subscription for any reason. 

 6. Representations, Warranties and Covenants of the Subscriber.
The Subscriber hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall survive the Closing Date) that: 
  

	 	(a)	the Subscriber has the legal capacity and competence to enter into and execute this Agreement and to take all actions required pursuant hereto and, if the Subscriber is
a corporation or other legal entity, it is duly incorporated or organized and validly existing and in good standing under the laws of its jurisdiction of incorporation or organization and all necessary approvals by its directors, shareholders,
members, managers, owners and others have been obtained to authorize execution and performance of this Agreement on behalf of the Subscriber; 

  

	 	(b)	the entering into of this Agreement and the transactions contemplated hereby do not result in the violation of any of the terms and provisions of any law applicable to
the Subscriber or of any agreement, written or oral, to which the Subscriber may be a party or by which the Subscriber is or may be bound; 

  

	 	(c)	the Subscriber has duly executed and delivered this Agreement, and it constitutes a valid and binding agreement of the Subscriber enforceable against the Subscriber in
accordance with its terms; 

  

	 	(d)	the Subscriber is acquiring the Securities as principal for the Subscriber’s own account, and not with a view to, or for, resale, distribution or fractionalization
thereof, in whole or in part, and no other person has a direct or indirect beneficial interest in such Securities; 

  

	 	(e)	the Subscriber is not an underwriter of, or dealer in, the common shares of the Company, nor is the Subscriber participating, pursuant to a contractual agreement or
otherwise, in the distribution of the Securities; 

  

	 	(f)	the Subscriber (i) is able to determine for him/her/itself the propriety of the Subscription; (ii) has such knowledge and experience in business matters as to
be capable of evaluating the merits and risks of its prospective investment in the Securities; and (iii) has the ability to bear the economic risks of its prospective investment and can afford the complete loss of such investment;

  

	 	(g)	the Subscriber acknowledges that the Subscriber has not acquired the Securities as a result of, and will not itself engage in, any “directed selling efforts”
(as defined under the 1933 Act) in the United States in respect of the Securities which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United
States for the resale of the Securities; provided, however, that the Subscriber may sell or otherwise dispose of the Securities pursuant to registration of the Securities pursuant to the 1933 Act and any applicable state securities laws or under an
exemption from such registration requirements and as otherwise provided herein; 

  
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	 	(h)	The Subscriber understands that the offer and sale of the Securities is not being registered under the 1933 Act based on the exemption from registration provided by
Rule 506 promulgated under Section 4(2) of the Securities Act and that the Company is relying on such exemption. 

  

	 	(i)	the Subscriber understands and agrees not to engage in any hedging transactions involving any of the Securities unless such transactions are in compliance with the
provisions of the 1933 Act and in each case only in accordance with applicable state securities laws; 

  

	 	(j)	the Subscriber understands and agrees that the Company will refuse to register any transfer of the Securities not made in accordance with, and pursuant to an effective
registration statement under, the 1933 Act or pursuant to an available exemption from the registration requirements of the 1933 Act; 

  

	 	(k)	the Subscriber is not aware of any advertisement of any of the Securities and is not acquiring the Securities as a result of any form of general solicitation or general
advertising including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by general
solicitation or general advertising; 

  

	 	(l)	the Subscriber has completed the Accredited Investor Questionnaire attached hereto as Exhibit B in a complete and accurate fashion; and 

 

	 	(m)	no person has made to the Subscriber any written or oral representations: 

  

	 	(i)	that any person will resell or repurchase any of the Securities, 

  

	 	(ii)	that any person will refund the purchase price of any of the Securities, or 

 

	 	(iii)	as to the future price or value of any of the Securities. 

  

	 	(n)	The Subscriber has reviewed the Company’s filings with the Securities and Exchange Commission, understands the business of the Company and has been afforded an
opportunity to ask questions of management. 

  

	 	(o)	The Subscriber has carefully read the Company’s filings with the Securities and Exchange Commission. The Subscriber has been given the opportunity to ask questions
of, and receive answers from, the Company concerning the terms and conditions of this offering and to obtain such additional information, to the extent the Company possesses such information or can acquire it without unreasonable effort or expense,
necessary to verify the accuracy of same as the undersigned reasonably desires in order to evaluate the investment. The Subscriber has had the opportunity to discuss any questions regarding any disclosure in the Company’s filings with
Subscriber’s counsel or other advisor. The Subscriber does not desire to receive any further information. 

  
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	 	(p)	The Subscriber is aware that the purchase of the Securities is a speculative investment involving a high degree of risk, that there is no guarantee that the undersigned
will realize any gain from this investment, and that the undersigned could lose the total amount of this investment. 

  

	 	(q)	The Subscriber represents that if an individual, he or she has adequate means of providing for his or her current needs and personal and family contingencies and has no
need for liquidity in this investment in the Securities. The Subscriber has no reason to anticipate any material change in his or her personal financial condition for the foreseeable future. 

 

	 	(r)	The Subscriber is financially able to bear the economic risk of this investment, including the ability to hold the Securities indefinitely, or to afford a complete loss
of the investment in the Securities. 

  

	 	(s)	The Subscriber represents that the undersigned’s overall commitment to investments which are not readily marketable is not disproportionate to the
Subscriber’s net worth, and the Subscriber’s investment in the Securities will not cause such overall commitment to become excessive. The undersigned understands that the statutory basis on which the Securities are being sold to the
undersigned and others would not be available if the undersigned’s present intention were to hold the Securities for a fixed period or until the occurrence of a certain event. The undersigned realizes that in the view of the Securities and
Exchange Commission (the “Commission”), a purchase now with a present intent to resell by reason of a foreseeable specific contingency or any anticipated change in the market value, or in the condition of the Company, or that of the
industry in which the business of the Company is engaged or in connection with a contemplated liquidation, or settlement of any loan obtained by the undersigned for the acquisition of the Subscriber, and for which such Securities may be pledged as
security or as donations to religious or charitable institutions for the purpose of securing a deduction on an income tax return, would, in fact, represent a purchase with an intent inconsistent with the undersigned’s representations to the
Company, and the Commission would then regard such sale as a sale for which the exemption from registration is not available. The undersigned will not pledge, transfer or assign this Subscription Agreement. 

7. Acknowledgement and Waiver. The Subscriber has acknowledged that the decision to purchase the Securities was solely made on the basis of
available information provided to the Subscriber. The Subscriber hereby waives, to the fullest extent permitted by law, any rights of withdrawal, rescission or compensation for damages to which the Subscriber might be entitled in connection with the
distribution of the Securities. 

  
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 8. Representations and Warranties will be Relied Upon by the Company. The Subscriber
acknowledges that the representations and warranties contained herein are made by the undersigned with the intention that they may be relied upon by the Company and its legal counsel in determining the undersigned’s eligibility to acquire the
Securities under relevant legislation. The undersigned further agrees that by accepting delivery of the Securities, the undersigned will be representing and warranting that the foregoing representations and warranties are true and correct as at the
time of delivery of such Securities with the same force and effect as if they had been made by the undersigned at such time, and that they shall survive the completion of the transactions contemplated under this Subscription and remain in full force
and effect thereafter for the benefit of the Company for a period of one year. 
 9. Legend 

 

	9.1	The Subscriber hereby acknowledges that upon the issuance thereof, and until such time as the same is no longer required under the applicable securities laws and
regulations, the certificates representing the Shares and Underlying Shares will bear a legend in substantially the following form: 

 THESE SECURITIES HAVE BEEN ISSUED PURSUANT TO THE SECTION 4(2) EXEMPTION TO THE REGISTRATION PROVISIONS UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE SECURITIES CANNOT BE TRANSFERRED, OFFERED, OR
SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. 
  

	9.2	Subscriber hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar and transfer agent of the Company in
order to implement the restrictions on transfer set forth and described in this Agreement. 

 10.
Costs. The Company shall be responsible for, and shall either pay directly or reimburse Subscriber for, one-half
( 1/2) of Subscriber’s expenses (including
any fees and disbursements of any special counsel retained by the Subscriber) incurred in connection with this Agreement and the transactions contemplated hereby. 
 11. Governing Law. This Agreement is governed by the laws of the State of Florida. The Subscriber, in its personal or corporate capacity and, if applicable, on behalf of each beneficial
purchaser for whom it is acting, irrevocably attorns to the jurisdiction of the courts of the State of Florida. 
 12. Survival.
This Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive and continue in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of
the Securities by the Subscriber pursuant hereto. 
 13. Assignment. This Agreement is not transferable or assignable. 

14. Severability. The invalidity or unenforceability of any particular provision of this Agreement shall not affect or limit the validity
or enforceability of the remaining provisions of this Agreement. 
 15. Entire Agreement. Except as expressly provided in this
Agreement and in the agreements, instruments and other documents contemplated or provided for herein, this Agreement contains the entire 

  
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agreement between the parties with respect to the sale of the Securities and there are no other terms, conditions, representations or warranties, whether expressed, implied, oral or written, by
statute or common law, by the Company or by anyone else. 
 16. Notices. All notices and other communications hereunder shall be
in writing and shall be deemed to have been duly given if mailed or transmitted by any standard form of telecommunication. Notices to the Subscriber shall be directed to the address on the signature page of this Agreement and notices to the Company
shall be directed to it at FNDS3000 Corp, 4651 Salisbury Road, Suite 533, Jacksonville, FL 32256, U.S.A. Attention: Joseph F. McGuire, Chief Financial Officer; copy to: Fleming PLLC, 49 Front Street, Suite 206, Rockville Centre, New York 11570,
Attention: Stephen M. Fleming, Esq. 
 17. Counterparts and Electronic Means. This Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an original and all of which together shall constitute one instrument. Delivery of an executed copy of this Agreement by electronic facsimile transmission or other means
of electronic communication capable of producing a printed copy will be deemed to be execution and delivery of this Agreement as of the date hereinafter set forth. 
 18. Currency. Unless otherwise provided, all dollar amounts referred to in this Agreement are in lawful money of the United States of America. 

(signatures on the following page) 

  
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 IN WITNESS WHEREOF the Subscriber has duly executed this Agreement as of the date of acceptance by
the Company. 
  

	
	 SHERINGTON HOLDINGS, LLC

	(Name of Subscriber – Please type or print)
	
	 /s/ Raymond L. Goldsmith

	Name:  Raymond L. Goldsmith
	Title:    Sole Member
	
	  

	(Address of Subscriber)
	
	  

	(City, State or Province, Postal Code of Subscriber)
	
	  

	(Country of Subscriber)

 A C C E P T
A N C E 
 The above-mentioned Agreement in respect of the Securities is hereby accepted by FNDS3000 Corp as of the 7th day of March, 2011.

  

			
	FNDS3000 CORP
		
	Per:	 	 /s/ Joseph F. McGuire

		 	Name: Joseph F. McGuire
		 	Title: Chief Financial Officer

  
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 EXHIBIT A 

Form of Warrant 

(attached) 

  
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 EXHIBIT B 

Accredited Investor Questionnaire 
 The Company will rely on the information contained in this Questionnaire. 
 The undersigned
Subscriber covenants, represents and warrants to the Company that: 
  

	 	1.	the Subscriber has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of the Transaction and the
Subscriber is able to bear the economic risk of loss arising from such Transaction; 

  

	 	2.	The Subscriber is an “accredited investor” as that term is defined in Regulation D promulgated under the Securities Act by virtue of being (initial all
applicable responses) 

  

	 	                	A small business investment company licensed by the U.S. Small Business Administration under the Small Business Investment Company Act of 1958,

  

	 	                	A business development company as defined in the Investment Company Act of 1940, 

 

	 	                	A national or state-chartered commercial bank, whether acting in an individual or fiduciary capacity, 

 

	 	                	An insurance company as defined in Section 2(13) of the Securities Act, 

 

	 	                	An investment company registered under the Investment Company Act of 1940, 

 

	 	                	An employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974, where the investment decision is made by a plan
fiduciary, as defined in Section 3(21) of such Act, which is either a bank, insurance company, or registered investment advisor, or an employee benefit plan which has total assets in excess of $5,000,000, 

 

	 	                	A private business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940, 

 

	 	                	An organization described in Section 501(c)(3) of the Internal Revenue Code, a corporation or a partnership with total assets in excess of $5,000,000,

  

	 	                	A natural person (as opposed to a corporation, partnership, trust or other legal entity) whose net worth, or joint net worth together with his/her spouse, exceeds
$1,000,000 but only if the net worth threshold can be met without including the value of the person’s primary residence, 

  

	 	                	Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a
sophisticated person as described in Section 506(b)(2)(ii) of Regulation D, 

  

	 	                	A natural person (as opposed to a corporation, partnership, trust or other legal entity) whose individual income was in excess of $200,000 in each of the two most
recent years (or whose joint income with such person’s spouse was at least $300,000 during such years) and who reasonably expects an income in excess of such amount in the current year, or 

  
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 March 2011 Subscription Agreement 
 SGR\8707829.2 

	 	                	A corporation, partnership, trust or other legal entity (as opposed to a natural person) and all of such entity’s equity owners fall into one or more of the
categories enumerated above; 

 The Subscriber acknowledges and agrees that the Subscriber may be required by the Company to
provide such additional documentation as may be reasonably required by the Company and its legal counsel in determining the Subscriber’s eligibility to acquire the Securities under relevant securities legislation. 

IN WITNESS WHEREOF, the undersigned has executed this Questionnaire as of the 7th day of March, 2011. 

 

					
	If a Corporation, Partnership or Other Entity:	 		 	If an Individual:
			
	 SHERINGTON HOLDINGS, LLC
	 		 	  

	Print or Type Name of Entity	 		 	Signature
			
	By: /s/ Raymond L. Goldsmith	 		 	
			
	 Signature of Authorized Signatory
 Name: Raymond L. Goldsmith
 Title: Sole Member
	 		 	  
 Print or Type
Name

			
	 Florida limited liability company
	 		 	
	Type of Entity	 		 	

  
 12 

Fnds3000-Sherington Holdings 
 March 2011 Subscription Agreement 
 SGR\8707829.2

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