Document:

CONSULTING
AGREEMENT

 

This
Consulting Agreement is dated as of April 1, 2013 between Xzeres Corp., a Nevada corporation (the “Company”), and
Bryan Clark (the “Consultant”).

 

WHEREAS,
the Company has requested the Consultant to provide the Company with certain SEC related legal services in connection with their
business (the “’34 Act Work”), and the Consultant has agreed to provide the Company with the ’34 Act Work;
and

 

WHEREAS,
the Company wishes to compensate the Consultant with shares of its common stock for such services rendered in satisfaction of
the legal fees;

 

NOW THEREFORE,
in consideration of the mutual covenants hereinafter stated, it is agreed as follows:

 

1. The Company
shall issue to the Consultant, as consideration for the ’34 Act Work, 300,000 shares of the Company’s Common Stock,
par value $0.001 per share, at $0.35 per share.

 

2. The Company
shall register 300,000 shares of its common stock on a Form S-8. The registration statement shall be filed promptly following
the filing of the Company’s Quarterly Report on Form 10-Q for the first quarter ended May 31, 2013, but in no event later
than 15 days after such filing.

 

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

 

 

	 CONSULTANT

	 
	/s/ Bryan Clark

        

	Bryan Clark
	 
	 
	 XZERES
        CORP.

	 
	/s/ Steve Shum

        

	Steven
        Shum

        Chief
        Financial OfficerSEPARATION AGREEMENT

 

This Separation Agreement (“Agreement”)
is entered into as of this 20th day of September, 2013 by and between OptimizeRx Corporation, a Nevada corporation (the “Company”)
and Shadron Stastney (“Stastney”).

 

WHEREAS, on or about in January 14,
2013, the Company entered into an employment agreement with Stastney, which was amended on or about August 14, 2013 (collectively,
the “Employment Agreement”).

 

WHEREAS, as a result of the Employment
Agreement, the Company and Stastney agreed to enter into an “Option Agreement,” whereby Mr. Stastney would acquire
two million (2,000,000) shares of the Company’s common stock at an exercise price per share of $1.00, with a term of 5 years.
The option would immediately vest, but shall not be exercisable until the later of (i) January 1, 2014, and (ii) the date on which
Vicis Capital Master Fund’s stake has been fully redeemed. All of these agreements collectively, including the Employment
Agreement and any other agreements, arrangements or understandings that may exist between the Company and Stastney prior to the
date of this Agreement, are herein referred to as the “Stastney Agreements.”

 

WHEREAS, the Company and Stastney without
any admission of liability, desire to settle with finality, compromise, dispose of, and release all claims, demands and causes
of action Stastney has or could assert against Company, whether arising out of the Stastney Agreements and/or the termination of
the Employment Agreement or any of the Stastney Agreements, including, without limitation, the right to any notice of termination
or payment in lieu, or any condition or benefit of employment or otherwise. This Agreement is not and shall not be construed as
an admission by the Company of any liability, an admission against Company’s interests, or any violation of Company’s
policies or procedures.

 

NOW, THEREFORE, in exchange for consideration,
the adequacy of which is hereby acknowledged, the Company and Stastney agree as follows:

 

		1.	Separation. Effective as of the date of this Agreement (the
“Termination Date”), the Stastney Agreements are hereby terminated in their entirety and shall be of no further force
or effect. As a result, effective as of the Termination Date, Stastney’ employment is terminated as (a) Chairman, Chief Executive
Officer and Director, and (b) all other officer, director, committee member and employee positions with the Company and its subsidiaries.
Except as provided in Section 6 below, Stastney shall not be required to report for service after the Termination Date, and he
shall vacate the Company’s premises and return Company property by such date. For further clarity and without limiting the
foregoing, Stastney shall not be entitled to any remuneration as set forth in the Stastney Agreements.

 

		2.	Payments. The Company and Stastney hereby agree that the Company
shall, in exchange for the release contained herein, issue to Stastney five hundred thousand (500,000) shares of the Company’s
common stock (the “Shares”). The Company agrees to issue half of the Shares within five (5) business days of the Termination
Date and the remaining half of the Shares no later than January 1, 2014. The Company agrees to, within sixty (60) days of January
1, 2014 and, if permitted under the securities laws, file a Form S-8 registration statement with the Securities and Exchange Commission
to register the Shares for resale.

 

In addition, for the release
contained herein, the Company will pay to Stastney one hundred and twenty six thousand seven hundred and sixty two dollars ($126,762)
within fourteen (14) business days of the Termination Date. The Company shall also reimburse Stastney for any reasonable unpaid
out of pocket expenses within fourteen (14) business days of the Termination Date.

    	 

    	 

    

 

		3.	Release. Except for the obligations set forth in this Agreement,
each party hereby releases, remises, acquits and forever discharges any other party to this Agreement and their related or controlled
entities, and all of their directors, officers, members, managers, partners, employees, servants, attorneys, assigns, heirs, successors,
agents and representatives, past and present, and the respective successors, executors, administrators and any legal and personal
representatives of each of the foregoing, and each of them, from any and all claims, demands, actions, causes of action, debts,
liabilities, rights, contracts, obligations, duties, damages, costs, expenses or losses, of every kind and nature whatsoever, and
by whomever asserted, whether at this time known or suspected, or unknown or unsuspected, anticipated or unanticipated, direct
or indirect, fixed or contingent, or which may presently exist or which may hereafter arise or become known, in law or in equity,
in the nature of an administrative proceeding or otherwise, for or by reason of any event, transaction, matter or cause whatsoever,
with respect to, in connection with or arising out of Stastney’s employment with the Company or otherwise from the beginning
of time to the date of this Agreement, including, without limitation, any claims arising from or relating to the Stastney Agreements,
any stock option, accrued or deferred compensation, supplemental agreements, or Stastney’ employment or termination from
employment with the Company, including a release of any rights or claims under any statute or common law relating to employment,
wages, hours, or any other terms and conditions of employment as well as any claims for wrongful discharge, breach of contract,
torts or any other claims in any way related to Stastney’ employment or termination from employment with the Company, including
any claim under any written or oral understandings relating to employment.

 

It is understood by the parties
that the facts with respect to which the foregoing release is given may hereafter turn out to be other than or different from the
facts now known to a party or the parties or believed by a party or the parties to be true, and each party therefore expressly
assumes the risk of the facts turning out to be so different and agrees that the foregoing release shall be in all respects effective
and not subject to termination or rescission by any such difference in facts.

 

		4.	Non-Disparagement. Stastney agrees not to make any oral or
written statements or otherwise take any action that is intended or may reasonably be expected to disparage the reputation, business,
prospects or operations of the Company, its affiliates, officers, directors, stockholders or employees or any persons related to
the foregoing and the Company agrees that it will not, and will use all reasonable efforts to cause its affiliates, officers directors,
stockholders and employees not to make any oral or written statements or otherwise take any action that is intended or may reasonably
be expected to disparage the reputation of Stastney.

 

		5.	Confidentiality. Stastney agrees that he will keep confidential
all information and trade secrets of the Company and any of its subsidiaries or affiliates and will not disclose such information
to any person without prior approval of the Board of Directors of the Company or use such information for any purpose. It is understood
that for purposes of this Agreement the term “confidential information” is to be construed broadly to include all material
nonpublic or proprietary information. Stastney shall promptly return any documents, records, data, books or materials of the Company
or its subsidiaries or affiliates in his or its possession or control and any of his or its work papers containing confidential
information or trade secrets of the Company or its subsidiaries or affiliates. 

 

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		6.	Limited Engagement. Effective upon the Termination Date, the
Company hereby engages Stastney in the limited role as consultant to assist the Company on financing, strategic and legal initiatives
and to help the transition with several ongoing projects. Stastney agrees to provide the time and effort necessary to accomplish
these tasks as directed by the Company. The term of this engagement shall conclude no later than September 20, 2014 (the “Term”).
The sole consideration for this engagement shall be the shares of stock to be issued by the Company to Stastney as provided for
in Section 2 above. However, the Company will reimburse Stastney for any reasonable out of pocket expenses incurred in the consultancy
and the Company may provide a year-end bonus or other bonus to Mr. Stastney, if at all, as determined by the Board of Directors
in its sole discretion. Stastney shall be bound by the terms of this Agreement during the duration of the limited engagement and
upon conclusion thereof, including but not limited to Sections 4 and 5 above. During the Term, Stastney shall be deemed for all
purposes an independent contractor and not an employee, agent, joint venturer or partner of the Company or its subsidiaries. Nothing
in this Agreement shall be interpreted or construed as creating or establishing the relationship of employer and employee between
the Company and Stastney or any of its subsidiaries, principals, employees, representatives or agents. The Company is not obligated
to and will not extend health insurance, life insurance, disability, other employee benefits or other perquisites customarily provided
to its own employees. Stastney shall not at any time act or hold himself out to the public or the trade as an agent or employee
of the Company.

 

For tax purposes, Stastney
shall, as the Company deems necessary, receive a Form 1099 or other appropriate tax-related documents for his services as a consultant,
and Stastney shall be responsible for his own taxes associated with his performance of the services and receipt of stock pursuant
to this Agreement.

 

		7.	Specific Performance; Injunctive Relief. The parties acknowledge
that the Company will be irreparably harmed and that there will be no adequate remedy at law for a violation of any of the covenants
or agreements of Stastney set forth herein. Therefore, it is agreed that, in addition to any other remedies that may be available
to the Company upon any such violation, the Company shall have the right to seek enforcement of such covenants and agreements by
specific performance, injunctive relief or by any other means available to the Company at law or in equity.

 

		8.	Cooperation; Reimbursement. Stastney shall, at the request
of the Company, reasonably assist and cooperate with the Company in the defense and/or investigation of any third party claim or
any investigation or proceeding, whether actual or threatened, including, without limitation, participating as a witness in any
litigation, arbitration, hearing or other proceeding between the Company and a third party or any government body. The Company
shall reimburse Stastney for all reasonable expenses incurred by him in connection with such assistance including, without limitation,
travel expenses.

 

		9.	Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Nevada, without reference to the principles of conflict of laws.

 

		10.	Complete Agreement. This Agreement represents the complete
agreement among the parties concerning the subject matter in this Agreement and supersedes all prior agreements or understandings,
written or oral, including the Stastney Agreements. This Agreement may not be amended or modified otherwise than by a written agreement
executed by the parties hereto or their respective successors and legal representatives.

 

		11.	Voluntary Agreement. This Agreement has been entered into
voluntarily and not as a result of coercion, duress, or undue influence. The Stastney acknowledges that the Stastney has read and
fully understands the terms of this Agreement and has been advised to consult with an attorney before executing this Agreement.

 

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		12.	Successors and Assigns. The Company will require any successor
or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, of all, or substantially all, of the
business and/or assets of the Company to assume and agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform it if such succession or assignment had not taken place. This Agreement shall inure to
the benefit of and be binding on Stastney’ personal and legal representatives, executors, administrators, successors, heirs,
distribute devisees and legatees.

 

The parties to this Agreement have executed
this Agreement as of the day and year first written above.

	
         

        OPTIMIZERX CORPORATION

         

         

        By: /s/ David Lester

        Name: David Lester

        Title: Chief Operating Officer
	
	
         

         

         

        /s/ Shadron Stastney

        Shadron Stastney
	

 

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