Document:

Exhibit 10.3

 

 

Employment Agreement

 

This updated agreement made and entered into this June 27, 2016, by and
between OptimizeRx Corporation, a Nevada Company, hereinafter referred to as “Employer” and Terry Hamilton, hereinafter
referred to as the “Employee”.

 

The Employer is engaged in the business of Pharmaceutical and healthcare
promotion to physicians and consumers through their electronic platforms and other means and desires Terry Hamilton to serve as
the Senior Vice President of Sales for the company.

 

Base Compensation.Your annual base salary is $181,650, payable
at a rate of $7,562.50 per semi-monthly pay period, representing payment for all hours worked (“Base Compensation”).
Your Base Compensation is payable in accordance with the Company’s regular practices.

 

Bonus.In addition to your Base Compensation, you will be eligible
to participate in the Company’s executive bonus plan, subject to its terms and conditions, with an annual target bonus of
40 % of your Base Compensation. Subject to board approval and registration of the plans and related legal compliance, you will
have the option to take the bonus in equity or in a split 50/50 arrangement with 50% in cash and 50 % in equity. The option to
take all, or a portion, of your bonus in equity is at your discretion.

 

Employee Benefits.In addition to your compensation, you will
have the opportunity to participate in various Company benefit programs generally offered to employees, pursuant to the terms and
conditions of such programs, including applicable waiting periods prior to eligibility. Currently, we offer employees a 401(k)
plan, group medical and dental insurance and short and long term disability benefits. Please note that the Company reserves the
right to change or discontinue any of our benefits, plans, providers, and policies, at any time.

 

Job Responsibilities.As Sr. Vice President of Sales reporting
to the CEO, you are an essential member and part of our corporate management that is responsible for directing our sales force,
expanding our customer base, and achieving overall sales goals. You shall use your best efforts and devote your full time and attention
to the business of the Company on a full time basis and shall at all times faithfully and industriously and to the best of your
ability, experience and talent, perform all of the duties that may be required of you pursuant to the terms hereof. During the
term hereof you shall not engage in any other new employment or consulting activities without the express written consent of the
Company other than civic, charitable and/or religious activities, directing your own passive investments and/or serving on boards
of directors of other entities so long as such activities do not interfere or conflict with your duties hereunder as reasonably
determined by the Company.

 

    	 		 

     

    

 

Expense Reimbursement. The Company will reimburse you for all approved
business travel costs incurred by you pursuant to the terms of the Company travel policy.

 

At-Will Employment.Please note that you are not being offered
employment for a definite period of time, and that the Company may terminate your employment at any time for any reason, with or
without cause or notice, except as prohibited by law. Nothing in this offer to you should be interpreted as creating anything other
than an at-will employment relationship. You also have the right to terminate your employment with the company at any time for
any reason on thirty days’ prior written notice.

 

Business Protection Agreement. The Company considers the protection
of its confidential information, proprietary materials and goodwill to be extremely important. Accordingly, as a condition of your
continued employment with the Company and the increase in bonus potential reflected herein, you will be required to execute and
return to the Company the enclosed Business Protection Agreement.

 

Conflicts of Interest and Gifts. You will promptly disclose all current
and potential interests, direct or indirect, in any entity dealing with the Company which may affect actions and decisions made
by you as a representative of the Company, and fully disclose any gift which raises any reasonable possibility of conflict of interest.

 

Compliance. You will comply with all applicable laws and Company
policies in performing your duties hereunder including federal and state securities laws.

 

Severance Pay. If your employment agreement is terminated at any
time by the Company without cause, which termination shall be effective immediately upon the date of delivery of written notice
to you (or at such later date as otherwise specified in such notice), the Company shall continue to pay you, as severance pay,
the monthly portion of your Base Compensation for a period of twelve (12) months following such termination, subject to your continued
compliance with the terms and conditions of this Agreement and the Business Protection Agreement.

 

Except as set forth herein, or as set forth in your option agreements, or
as may be required by applicable law, you have no right to any specific compensation or benefits, and the Company shall have no
obligations to pay any salary, bonus, severance payment, accrued vacation or other amounts in connection with any termination of
your employment or attributable to the period after termination.

 

409A. To the extent that any provision of this letter agreement is
ambiguous as to its exemption or compliance with Code Section 409A, the provision will be read in such a manner so that all payments
hereunder are exempt from Code Section 409A to the maximum permissible extent, and for any payments where such construction is
not tenable, that those payments comply with Code Section 409A to the maximum permissible extent. To the extent any payment under
this letter agreement may be classified as a “short-term deferral” within the meaning of Code Section 409A, such payment
shall be deemed a short-term deferral, even if it may also qualify for an exemption from Code Section 409A under another provision
of Code Section 409A. Payments pursuant to this Offer Letter (or referenced in this Offer Letter) are intended to constitute separate
payments for purposes of Section 1.409A-2(b)(2) of the regulations under Code Section 409A.

 

Required I-9 Documentation. Your employment with the Company is also
subject to you providing, if you have not already done so, the Company with proof of your legal right to work in the United States
by completing the Form I-9 and providing Company with the accepted documents specified on the Form I-9.

 

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Certifications.By signing this letter, you certify to the Company
that you are free to enter into and fully perform the duties of your position, and that you are not subject to any employment,
confidentiality, non-competition or other agreement that would restrict your performance for the Company. .

 

Additionally, by signing this letter, you certify that you will not disclose
to or use for the benefit of the Company any trade secret or confidential or proprietary information of any previous employer.
You further affirm that you have not divulged or used any such information for the benefit of the Company, and that you have not
and will not misappropriate any such information from any former employer.

 

Entire Agreement. This offer letter and your signed Business Protection
Agreement, state the terms of your employment and supersede and cancel any prior oral or written representations, offers or promises
made by the Company and any understandings or agreements, whether written or oral, between the Company and you.

 

	Accepted by Employer:	 	Accepted by Employee:
	 	 	 
	/s/ William J. Febbo	 	/s/ Terry Hamilton
	William J. Febbo                                          (Date)	 	Terry Hamilton                                           (Date)

 

 

3Exhibit 10.1

 

 

FULL CIRCLE CAPITAL CORPORATION

 

June 23, 2016

 

Full Circle Advisors, LLC

Full Circle Service Company, LLC

102 Greenwich Avenue, 2nd Floor

Greenwich, Connecticut 06830

 

Gentlemen:

 

This letter agreement
will confirm our agreement as to the matters set forth below.

 

		1.	Full Circle Capital Corporation (the "Company") is a party to (i) an Investment Advisory
Agreement, dated July 13, 2010 (the "IMA"), with Full Circle Advisors, LLC ("FCA") and (ii) an
Administration Agreement, dated July 14, 2010 (the "Administration Agreement"), with Full Circle Service Company,
LLC ("FCSC").

 

		2.	The Company proposes to enter into an Agreement and Plan of Merger, dated the same date as this letter
agreement (the "Merger Agreement"), with Great Elm Capital Corp.

 

		3.	The Company hereby provides FCA and FCSC notice (and FCA and FCSC hereby waive any advance notice
requirements in the IMA and the Administration Agreement, respectively), and the Company, FCA and FCSC agree that:

 

		(a)	the IMA and all obligations thereunder will terminate and be of no further force or effect as of the
Effective Time (as such term is defined in the Merger Agreement), except that the provisions of Section 2 and Section 3 of the
IMA (to the extent that any such provision pertains to amounts due to FCA for services performed prior to the Effective Time) and
the provisions of Section 8 of the IMA shall remain in full force and effect, notwithstanding the termination of the IMA; and

 

		(b)	the Administration Agreement and all obligations thereunder shall be terminable at any time by the
Surviving Corporation (as defined in the Merger Agreement) on not less than 30 days' notice to FCSC, without payment of any penalty
or termination fee, except that the provisions of Section 4 of the Administration Agreement (to the extent that any such provision
pertains to amounts due to FCSC for services performed on or prior to the date that the Administration Agreement is terminated
by the Surviving Corporation in accordance with the provisions hereof) and the provisions of Section 5 of the Administration Agreement
shall remain in full force and effect, notwithstanding the termination of the Administration Agreement by the Surviving Corporation.

 

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		4.	In the event that the Merger Agreement is terminated or the consummation of the transactions contemplated thereunder are not
consummated for any reason, then this letter agreement (including, without limitation, the notices contained in Section 3) shall
be null, void and of no force or effect.

 

		5.	This letter agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of
New York, without regard to the principles of conflicts of laws thereof.

 

		6.	This letter agreement may be executed in multiple counterparts, each of which shall be deemed an original,
and all of which shall constitute but one and the same instrument. This letter agreement may be executed by facsimile transmission
and such facsimile signatures shall be afforded the same force and effect as original signatures for all purposes.

 

 

 

[Signature page follows.]

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Please confirm that the
foregoing accurately sets forth our agreement by signing in the places indicated below.

 

Very truly yours,

 

FULL CIRCLE CAPITAL CORPORATION

 

By: /s/ Michael J.
Sell______________________

Michael J. Sell

Chief Financial Officer,
Treasurer, and Secretary

Full Circle Capital Corporation

 

 

Agreement Confirmed:

 

FULL CIRCLE ADVISORS, LLC

 

By: /s/ John E. Stuart                    

Managing Member

 

FULL CIRCLE SERVICE COMPANY, LLC

 

By: /s/ John E. Stuart                    

Managing Member

 

 

Signature
Page to Termination Letter

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