Document:

amacore_8k-ex1002.htm

     

    Exhibit
10.2

     

    
      EXECUTION
COPY

    

    

    CONSULTING
AGREEMENT

     

    This CONSULTING AGREEMENT (this
“Agreement”) is made effective as of the 25th day of August, 2008 (the
“Effective Date”), by and between The Amacore Group, Inc., a Delaware Corporation
(the “Company”), and Clark A. Marcus, an individual resident of the state of
Florida (the “Consultant”).

    

    RECITALS:

    

    WHEREAS, the Company desires to engage
the Consultant to perform the consulting services as more fully set forth
herein; and

    

    WHEREAS, the Consultant desires to be
engaged by the Company on the terms and conditions set forth in this
Agreement.

    

    NOW, THEREFORE, in consideration of the
Recitals and of the mutual promises and covenants set forth herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, it is hereby agreed as follows:

    

    1.    Engagement.  The
Company hereby engages the Consultant to perform the Services (as defined
herein) and the Consultant hereby accepts such engagement with the Company in
accordance with the terms and conditions set forth in this
Agreement.  The Consultant shall devote such time and attention to the
Services as are reasonably necessary to perform such Services, but the Company
acknowledges that this Agreement is not exclusive and that Consultant can
provide non-competing services to other entities or on his own
behalf.  The Company acknowledges that Consultant will continue his
legal practice, subject to the terms hereof.

     

    2.    Services.  The
Consultant shall provide on a non-exclusive basis to the Company strategic
planning, merger and acquisition and investment relations consulting services,
which shall include meetings and discussions of such matters with third parties
and such discussions are hereby authorized.  Services will include
such other consulting services as they pertain to matters dealing with the
public market place and perception of the Company from time to time as may be
requested by the Company or its agents or representatives (the
“Services”).

     

    3.    Consulting Fee. In
consideration for performing the Services for the Company, the Company shall pay
the Consultant as follows:

     

    (a)    upon
execution of this Agreement, the Company shall pay the Consultant  a
one-time fee of One Hundred Twelve Thousand Dollars ($112,000) in immediately
available funds;

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

     

    (b)    for the
term of this Agreement, an annual fee of Six Hundred Thousand Dollars
($600,000), which fee shall be payable in equal installments in accordance with
the Company’s customary payroll practices; and

     

    (c)    The
Company shall pay the premium for one year for the life insurance that is
currently in place for Consultant's family, which obligation shall not exceed
$32,000.  The Company shall immediately cancel all key man life
insurance related to Clark Marcus where the Company is a
beneficiary.

     

    (d)    The
Company agrees to reimburse the Consultant for any excise taxes payable by him
under Section 409A of the Internal Revenue Code and regulations promulgated
thereunder by reason of the payment of the fee specified in Section 3(a) hereof
in an amount up to twenty percent (20%) of such fee, plus any penalties or
interests that are imposed by the Internal Revenue Service or other taxing
authority solely by reason of the foregoing payment being made by the Company
and for no other reason.

     

    4.    Other Consulting
Arrangements.

     

    (a)    Consulting
Support.  For the Term (defined below) of this Agreement, the
Company agrees to make available to the Consultant (i) his current office space
and use of facilities at the Company's Tampa headquarters and (ii) one employee
of the Company dedicated to provide the Consultant dedicated secretarial
support.  The employee provided to Consultant for dedicated
secretarial support shall be Sharon Mandel.  Consultant acknowledges
that Ms. Mandel is an at-will employee.  The Company acknowledges that
as of the date hereof it has no current intent to terminate Ms. Mandel's
employment and will not do so except in the instance of a good faith reduction
in force or for cause.  Consultant further acknowledges that if Ms.
Mandel quits her employment with the Company, the Company is not obligated to
provide other secretarial support to Consultant.

     

    (b)    Health and Dental
Benefits.  Pursuant to that certain Separation Agreement (the
“Separation Agreement”) by and between the Company and the Consultant, dated as
of an even date herewith, the Company has agreed to provide certain benefits to
the Consultant after the separation of Consultant’s employment from the
Company.  The Consultant acknowledges and agrees that he has received
information regarding his right to elect continuation of his group health and
dental insurance coverage under federal law (“COBRA”), which if elected may
allow him to continue that insurance coverage for up to an eighteen (18)-month
period after his separation.  Pursuant to the Separation Agreement,
the Company shall pay the COBRA premium, if elected by the Consultant, for the
Term of this Agreement.   After such time, if the Consultant
wishes to continue COBRA coverage, the Consultant agrees that he shall be
responsible for the full COBRA premium.  The Company’s obligation to
provide benefits under this Agreement shall under no circumstances exceed
payment of the COBRA premium for eighteen (18)-months.

     

    (c)    Expense
Reimbursement.  Provided that the Consultant has incurred
business expenses that are reasonable, appropriate and consistent with expenses
while employed by the Company (considering, among other things, the entire set
of circumstances) in the pursuit of the Services hereunder, the Company shall
pay, upon submission of appropriate vouchers and supporting documentation, such
expense incurred by the Consultant, according to Company policy.  The
Company's driver in New York will continue to be made available to Consultant as
needed by him.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    5.    Term and
Termination.

     

    (a)    Term.  This
Agreement shall commence as of the Effective Date and shall continue in full
force and effect for a period of one year thereafter (the “Initial Term”),
unless earlier terminated as provided herein.  This Agreement may be
renewed for successive one-year periods upon mutual agreement of the parties
(each a “Renewal Term” and together with the Initial Term, the
"Term").

     

    (b)    Termination.  This
Agreement may be terminated prior to expiration of the Initial or any Renewal
Term as provided in paragraph 5(a) above, by prior written notice to the other
party as follows:

     

    (i)    by either
party, in the event the other party should breach or fail to perform any of its
material obligations hereunder and should fail to remedy such breach or
nonperformance within thirty (30) calendar days after receiving written demand
therefore.  Notwithstanding, the Company may not claim a breach of
non-performance based on the number of hours Consultant works or based on
requested travel not taken by Consultant;

     

    (ii)    by either
party, effective immediately, if  the other party shall have been
convicted of a felony violation or if Consultant is arrested or charged with a
crime not instigated by the Company and such arrest or charge negatively effects
the business or reputation of ACGI; or

     

    (iii)    by the
Company, effective immediately, if the Consultant (1) knowingly makes any
materially false or untrue statements or representations to the Company herein
or in the performance of its obligations hereunder; or (2) engages in gross
negligence, willful misconduct or fraud in the performance of the Services
hereunder.

     

    6.    Return of
Materials.  Upon termination of this Agreement for any reason,
the Consultant shall promptly return to the Company all files, credit cards,
keys, instruments, equipment, vehicles, and any other property or materials
provided to the Consultant by the Company.

     

    7.    Covenant Not to
Compete.

     

    (a)    Scope of
Covenant.  The Consultant agrees that, subject to 7(b) herein,
during any Term of this Agreement and for a period of one (1) year commencing
upon the expiration or termination of the Consultant’s engagement hereunder (for
any reason whatsoever except if termination occurs by reason of Company's
breach) (the “Termination Date”) the Consultant shall not, directly or
indirectly, for himself or on behalf of or in conjunction with any other person,
persons, company, partnership, corporation or business of whatever nature,
without the prior written consent of the Company:

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    (i)    engage,
as an officer, director, shareholder, owner, partner, joint venturer, or in a
managerial capacity, whether as an employee, independent contractor, consultant
or advisor, or as a sales representative, in any Business (as defined in (ii)
below) selling any products or services in direct competition with the Company
or any of its subsidiaries anywhere in the United States, its territories or
possessions (the “Territory”);

     

    (ii)    solicit
any person who is at the Termination Date, or who was within one (1) year prior
to the Termination Date, an employee of the Company or any of its subsidiaries
for the purpose or with the intent of enticing such employee away from or out of
the employ of the Company or any of its subsidiaries, except Dr. Jerry Katzman,
Mr. Joe Crisafi and Ms. Sharon Mandel;

     

    (iii)    call upon
any person or entity which is, at the Termination Date or which has been, within
one (1) year prior to Termination Date a customer of the Company or any of its
subsidiaries within the Territory for the purpose of soliciting or selling
products or services in direct competition with the Company or any of its
subsidiaries in its Business within the Territory, where Business is defined as
health care products or programs that are being sold by the Company as of the
Effective Date; or

     

    (iv)    engage in
any act intended to cause any customer or potential customer of the Company
located in the Territory with whom the Consultant had contact to discontinue,
curtail or forego Business with the Company or to do Business with another
entity, firm, business or enterprise which is competitive with the Business of
the Company or its clients.

     

    Provided,
however, that nothing in this Section 7(a) shall be construed to preclude the
Consultant from acquiring as a passive investment not more than 5% of the
capital securities of any business enterprise whether or not engaged in
competition with the Company or its subsidiaries, if and to the extent such
securities are actively traded on a national securities exchange or in the
over-the-counter market in the United States or on any foreign securities
exchange.

     

    (b)    Target Companies Activities
Allowed.  Notwithstanding Section 7(a), unless the Company by
written notice has informed Consultant that the Company has entered into
definitive agreement(s) with target companies listed on Schedule A hereto (each
a "Target" and collectively, the "Targets"), then at any time after the close of
business on September 15, 2008, Consultant can freely conduct any activities
related to Target(s) without violating Section 7(a) and without breaching this
Agreement.  Such activities may include, but are not limited to,
conducting due diligence, acquiring an interest, acquiring a controlling
interest, meeting with potential investors, raising funds, reviewing potential
transactions, and meeting with management from either
company.   But if Consultant does move forward with any activity
resulting in Consultant's directly or indirectly acquiring an interest (greater
than 5%) in any Target(s), or becoming an officer, director, shareholder, owner,
partner, joint venturer, or in a managerial capacity, whether as an employee,
independent contractor, consultant or advisor
in  Target(s),  he will resign from the Board of Directors
of Company and this Agreement will terminate.

     

    (c)    Reasonableness.  The
Consultant acknowledges that the Company and its subsidiaries are currently and
actively pursuing plans to expand their operations throughout the entire
Territory, both through operational growth and by the acquisition of businesses,
which may or may not be identified as of the date of this
Agreement.  The Consultant acknowledges and agrees that the
restrictions set forth in this Section 7 are founded on valuable consideration
and are reasonable in duration and geographic area in light of the activities
and business of the Company and it subsidiaries on the date of the execution of
this Agreement and the current plans of the Company and its subsidiaries and
that such restrictions are necessary to protect the legitimate interests of the
Company.  It is also the intent of the Company and the Consultant that
such covenants be construed and enforced in accordance with the changing
activities, business and locations of the Company and it subsidiaries throughout
the term of this covenant.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    (d)    Severability.  The
covenants in this Section 7 are severable and separate, and the unenforceability
of any specific covenant shall not affect the provisions of any other covenant.
Moreover, in the event any court of competent jurisdiction shall determine that
the scope, time or territorial restrictions set forth are unreasonable, then it
is the intention of the parties that such restrictions be enforced to the
fullest extent which the court deems reasonable, and this Agreement shall
thereby be reformed.

     

    (e)    Enforcement by the Company
Not Limited.  All of the covenants in this Section 7 shall be
construed as an agreement independent of any other provision in this Agreement,
and the existence of any claim or cause of action of the Consultant against the
Company, whether predicated in this Agreement or otherwise, shall not constitute
a defense to the enforcement by the Company of such covenants.  It is
specifically agreed that the period of one year stated at the beginning of this
Section 7, during which the agreements and covenants of the Consultant made in
this Section 7 shall be effective, shall be computed by excluding from such
computation any time during which the Consultant is in violation of any
provision of this Section 7.

     

    8.    Confidentiality and
Proprietary Rights.

     

    (a)    Confidentiality.  The
Consultant acknowledges that, by reason of his providing Services to the
Company, he will have access to confidential information of the Company and its
subsidiaries and affiliates, including, without limitation, information and
knowledge pertaining to products, inventions, discoveries, improvements,
innovations, designs, ideas, trade secrets, proprietary information,
manufacturing, packaging, advertising, distribution and sales methods, sales and
profit figures, customer and client lists and relationships between the Company,
any of its subsidiaries or affiliates and dealers, distributors, sales
representatives, wholesalers, customers, clients, suppliers and others who have
business dealings with them (“Confidential Information”).  The
Consultant acknowledges that such Confidential Information is a valuable and
unique asset of the Company and its subsidiaries and affiliates and covenants
that, both during and for a period of five years after the Term, he will not
disclose any Confidential Information to any person without the prior written
authorization of the Company.  The obligation of confidentiality
imposed by this Section 8 shall not apply to (a) Confidential Information that
otherwise becomes generally known in the industry or to the public through no
act of the Consultant in breach of this Agreement or any other party in
violation of an existing confidentiality agreement with the Company or any of
its subsidiaries or affiliates or (b) Confidential Information which is required
to be disclosed by court order or applicable law.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    (b)    Use of Confidential
Information.  The Consultant shall not use any portion of the
Confidential Information supplied by the Company hereunder or any patent,
trademark, or other intangible property right of the Company, except as his
obligations under this Agreement may require.

     

    (c)    Protection of Proprietary
Rights.  The Consultant agrees to cooperate with and assist the
Company, at the Company’s expense, in the protection of trademarks, patents, or
copyrights owned by or licensed to the Company, and shall inform the Company
immediately of any infringements or other improper action with respect to such
trademarks, patents, or copyrights that shall come to the attention of the
Consultant.

     

    (d)    HIPAA. The Consultant
acknowledges that while performing the Services for the Company, the Consultant
may have access to and obtain knowledge of certain confidential information
about patients of the Company clients that is protected by the Health Insurance
Portability and Accountability Act of 1996 (“HIPAA”).  The Consultant
hereby acknowledges receipt of information regarding compliance with HIPAA and
agrees to abide by the requirements of HIPAA.

     

    9.    Indemnification.

     

    (a)    The
Company shall indemnify and hold harmless the Consultant from and against all
losses, damages, costs, expenses (including without limitation, expenses
incurred in connection with investigating, defending or enforcing any action,
suit, claim, investigation or proceeding incident to any matter indemnified
hereunder), liabilities, claims, settlement payments, fines, penalties,
corrective or remedial costs, awards, judgments, interest, diminution in value,
and other charges or damages of any kind (including, without limitation,
reasonable attorneys' fees and other reasonable legal costs and expenses,
including without limitation those incurred in connection with any suit, action,
claim, investigation or other proceeding) (collectively, “Losses”) incurred by
the Consultant in connection with any claim against the Consultant or a
proceeding to which the Consultant is party on account of, arising out of or
relating to the Consultant’s performance of Services hereunder; provided that
the Company shall have no indemnification obligation: (i) to the extent of the
Consultant’s fraud, bad faith, gross negligence or willful misconduct; (ii) for
representations or statements made by Consultant in his role as a Consultant not
specifically authorized by Company herein or otherwise in writing, or (iii) any
violation by the Consultant of any applicable law or regulation.

     

    (b)    The
Consultant shall indemnify and hold harmless the Company, and the Company’s
affiliates and their respective officers, directors, employees, representatives
and agents (for purposes of this Section 9(b), the “Company”), from and against
all Losses incurred by the Company in connection with any claim against the
Company or a proceeding to which the Company is party on account of, arising out
of or relating to (i) the Consultant’s fraud, bad faith, gross negligence or
willful misconduct; (ii) representations or statements made by the Consultant,
or (iii) any violation by the Consultant of any applicable law,
regulation.

     

    10.    Specific
Performance.  Consultant consents and agrees that if the
Consultant violates any of the provisions of Sections 6, 7, or 8 hereof, the
Company and its subsidiaries and affiliates would sustain irreparable injury and
that monetary damages would not provide adequate remedy to the Company or any of
its subsidiaries or affiliates. Therefore, the Consultant hereby agrees that the
Company and any affected subsidiary or affiliate shall be entitled to have
Sections 6, 7, or 8  hereof specifically enforced (including, without
limitation, by injunctions and restraining orders) by any court having equity
jurisdiction.  Nothing contained herein shall be construed as
prohibiting the Company or any of its subsidiaries or affiliates from pursuing
any other remedies available to it for such breach or threatened breach,
including the recovery of damages from the Consultant.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    11.    Independent
Contractor.  Consultant
and Company understand and acknowledge that Consultant's relationship with
Company is that of an independent contractor and nothing in this Agreement is
intended to or should be construed to create a partnership or joint venture
relationship.  Both parties also acknowledge that the Company
shall have no duty, responsibility, or obligation: (a) to withhold and/or pay
FICA taxes or federal, state or local income and other taxes; (b) to comply with
or contribute to state worker's compensation and/or state or federal
unemployment compensation funds or to comply with any other laws relating to
employees with respect to the Consultant; or (c) to provide the Consultant with
any Company fringe or other benefits available to Company employees; provided
that the Company will provide the Consultant with a report of payments made
under this Agreement on IRS Form 1099-MISC after the end of each calendar
year.

     

    12.    Survival. The
obligations set forth in Sections 4, 6, 7, 8, 9, and 10 hereof shall survive any
termination or expiration of this Agreement, and any other Section that provides
a party with rights (including without limitation, rights to receive payments)
that have not been fully satisfied as of such termination or expiration, will
also survive any termination or expiration of this Agreement for any reason
whatsoever.

     

    13.    Successors and
Assignment.  The Consultant's duties, obligations and services
rendered under this Agreement are personal in nature and are unique and peculiar
to the Consultant.  Therefore, without the Company’s prior written
consent, the Consultant shall not assign, transfer, sell, encumber, pledge or
otherwise alienate the Consultant's duties, obligations or responsibilities
under this Agreement.  Consultant may assign his rights under this
Agreement.   This Agreement cannot be assigned by the Company
without Consultant's prior written consent.  This Agreement will be
binding upon and inure to the benefit of the Company and any successor to the
Company, including, without limitation any persons acquiring directly or
indirectly all or substantially all of the business or assets of the Company
whether by purchase, merger, consolidation, reorganization or otherwise (and
such successor shall thereafter be deemed the Company for the purposes of this
Agreement).

     

    14.    Notice.  Any
notice (including notice of change of address) permitted or required to be given
pursuant to the provisions of this Agreement shall be in writing and sent by
registered or certified mail, return receipt requested, or by hand delivery to
the parties at the following addresses:

    
    

     

    
      	 	If to the
      Company: 	The Amacore Group,
      Inc.
	 	 	
              Attn:
      President

              1211 N. Westshore Blvd.

              Suite 512

              Tampa, FL 33607

            
	 	 	 
	 	If to the
      Consultant:   	
              Mr. Clark
      Marcus

              9512 Windsong Lane

              Tampa , Florida
33618

            

    

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    Notice
properly given by mail shall be deemed effective three (3) business days after
mailing.

    

    15.    Entire
Agreement.  This Agreement constitutes the entire agreement and
understanding between the Company and the Consultant concerning the Consultant's
engagement by the Company, and supersedes any and all previous agreements or
understandings, whether written or oral, between the Consultant and the Company
concerning such engagement.  This Agreement may only be modified or
amended by a written document executed by all parties hereto.

     

    16.    Waiver.  The
waiver by either party of the breach of any covenant or provision in this
Agreement shall not operate or be construed as a waiver of any subsequent breach
by either party.

     

    17.    Invalidity of Any
Provision.  The provisions of this Agreement are severable, it
being the intention of the parties hereto that should any provision hereof be
invalid or unenforceable, such invalidity or unenforceability of any provision
shall not affect the remaining provisions hereof, but the same shall remain in
full force and effect as if such invalid or unenforceable provision were
omitted.

     

    18.    Applicable Law and
Venue.  This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Delaware.  With
respect to any suit, action or other proceeding arising from, or relating to,
this Agreement, the parties hereby irrevocably agree to the exclusive personal
jurisdiction and venue of the Federal and state courts located within the state
of Florida.

     

    19.    Headings.  Headings
in this Agreement are for informational purposes only and shall not be used to
construe the intent of this Agreement.

     

    20.    Counterparts.  This
Agreement may be executed simultaneously in any number of counterparts, each of
which shall be deemed an original but all of which together shall constitute one
and the same agreement.

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the parties hereto
have executed this Consulting Agreement as of the date first above
written.

    

     

    
      	 	CONSULTANT:
	 	 
	 	/s/
      Clark A.
      Marcus                          
      
	 	Clark A.
      Marcus
	 	 
	 	 
	 	 COMPANY:
	 	 
	 	THE AMACORE GROUP,
      INC.
	 	 
	 	/s/
      Jay
      Shafer                     
                      
      
	 	Jay
  Shafer,
	 	President

    

     

    -9-amacore_8k-ex1003.htm

    Exhibit
10.3

     

     

    
      EXECUTION
COPY

    

    

    August
25, 2008

     

    Giuseppe
Crisafi

    1211
North Westshore Boulevard

    Suite
512

    Tampa,
Florida   33607

    

    RE:           Separation
Agreement

    

    Dear
Joe:

    

    This agreement (the “Agreement”), which
is subject to your approval, sets forth The Amacore Group, Inc.’s (“ACGI”)
proposed agreement related to the cessation of your employment relationship with
ACGI.  The parties’ receipt of the benefits described below is
conditioned upon the execution of and continued performance of the terms of this
Agreement.

    

    
      	
              Notice
      of Resignation:

               

            	
              You
      will hereby tender your voluntary, irrevocable notice of resignation to
      ACGI effective immediately upon signing this Agreement in the form
      attached as Exhibit
      A.  Your date of resignation will be your “Employment
      Separation Date” for purposes of this Agreement.

               

            
	
              Severance
      Payment / Terminal Pay:

            	
              You
      agree that you will not receive any severance or termination pay from
      ACGI, but will instead enter into a consulting agreement (the “Consulting
      Agreement”) with ACGI.

               

            
	
              Health
      and Dental Insurance:

            	
              Upon
      execution of your Consulting Agreement, ACGI will reimburse you for health
      and dental insurance costs according to the terms set forth in your
      Consulting Agreement.  On your Employment Separation Date, you
      will receive information regarding your right to elect continuation of
      your group health and dental insurance coverage under federal law
      (“COBRA”), which if elected may allow you to continue that insurance
      coverage for the eighteen (18)-month period following your Employment
      Separation Date.  If you elect such coverage, you will be
      responsible for the full COBRA premium.

               

            

    

     

    1211 North Westshore Boulevard, Suite 512 ● Tampa, Florida
33607

    Phone: 813.289.5552 ● Facsimile:
813.289.5553

    www.amacoregroup.com

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Giuseppe Crisafi

    Seperation Agreement

    August 25, 2008

    Page 2

     

    
      	
              Vacation
      and Other Benefits:

            	
              Any
      accrued and unused vacation time existing as of your Employment Separation
      Date will not be paid out and you will not accrue any additional vacation
      time following your Employment Separation Date.

               

              Any
      securities of ACGI issued to you under a stock option, equity, or similar
      plan of ACGI shall remain subject to the terms of such plan and any
      corresponding agreement granting such securities.  You will no
      longer be eligible for grants under those plans following your Employment
      Separation Date, except as may be provided in the Consulting
      Agreement.

               

            
	
              Release
      of Claims - Including Age Discrimination & Employment Claims
      :

            	
              You
      hereby release ACGI from any and all actions, causes of action, suits,
      debts, dues, covenants, contracts, bonuses, controversies, agreements,
      promises, claims, grievances, charges, complaints, liabilities,
      obligations, and demands of any sort, in law or in equity, known or
      unknown, which arose from the beginning of the world to the date you sign
      this Agreement, which you may have against ACGI.

               

              This
      release specifically includes, but is not limited to, any claim of
      discrimination on the basis of disability, race, sex, pregnancy, religion,
      marital status, sexual orientation, national origin, age, veteran status,
      special disabled veteran status, or citizenship status, retaliation, or
      any other category protected by law (including without limitation any
      claim under 42 U.S.C. §§ 1981, 1983, 1985, 1986 and 1988; Title VII of the
      Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq.; the Age Discrimination in
      Employment Act, as amended, 29 U.S.C. § 621, et. seq.; the Florida
      Civil Rights Act, as amended Fla. Stat. § 760.01 et seq; the Americans
      with Disabilities Act of 1990, as amended, 42 U.S.C. § 12101 et seq.; the
      Civil Rights Act of 1991; the Employee Retirement Income Security Act, as
      amended, 49 U.S.C. § 1001 et. seq.; the Family Medical Leave Act, as
      amended, 29 U.S.C. § 2601 et seq., or any other law relating to employment
      matters or prohibiting employment discrimination), breach of express or
      implied contract, any other contract affecting terms and conditions of
      employment, failure to pay wages, benefits, severance, or any compensation
      of any sort, or a covenant of good faith and fair dealing, any personal
      gain with respect to any claim arising under the qui tam provisions of the
      False Claims Act, 31 U.S.C. § 3730, any tort, common law or statutory
      claims in any way arising directly or indirectly out of your employment
      with or separation from ACGI, or your relationship with ACGI, and any
      claims to attorney fees or expenses, which your attorney(s) hereby also
      waive, whether such claims are known or unknown at the time you sign this
      Agreement; except that you understand you are not releasing any rights or
      claims arising after you sign this Agreement.

               

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Giuseppe Crisafi

    Seperation Agreement

    August 25, 2008

    Page 3

     

    
      	 	ACGI
      hereby releases you from any and all actions, causes of action, suits,
      debts, dues, covenants, contracts, bonuses, controversies, agreements,
      promises, claims, grievances, charges, complaints, liabilities,
      obligations, and demands of any sort, in law or in equity, known or
      unknown, which arose from the beginning of the world to the date ACGI
      signs this Agreement, which ACGI may have against you. 

               

              For
      purposes of the foregoing, the term “ACGI” includes ACGI and all of its
      present, former and future owners, affiliates and subsidiaries, and all of
      their respective directors, officers, shareholders, employees, agents,
      representatives, predecessors, successors and assigns.

               

            
	
              The
      Term “Release” is Construed Broadly:

            	
              The
      term “release” shall be construed broadly and shall be read to include,
      for example, the terms “discharge” and “waive”.  Nothing in this
      Agreement is a waiver of your right to file any charge or complaint with
      administrative agencies such as the United States Equal Employment
      Opportunity Commission (hereafter, “Excepted Charge”).  However,
      this exception does not limit the scope of your waiver and release in the
      paragraphs above, and you waive any right to recover damages or obtain
      individual relief that might otherwise result from the filing of any
      Excepted Charge.

               

            
	
              Confidentiality:

            	
              You
      represent and agree that you have kept and will keep the circumstances
      leading to this Agreement completely confidential as to persons not
      employed by either ACGI or ACGI’s affiliates and will not make known such
      information to anyone outside of ACGI or its affiliates, at any time under
      any circumstances (meaning that such information may not be published,
      displayed, discussed, disclosed, revealed or characterized directly or
      indirectly, in any way to anyone) except to your spouse, legal counsel,
      accountants or tax advisors or unless compelled to do so by
      law.  In the event any such permitted disclosure is made, you
      warrant that such individuals will also comply with this confidentiality
      provision.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Giuseppe Crisafi

      Seperation Agreement

      August 25, 2008

      Page 4

       

    

    
      	 	ACGI
      represents and agrees that it has kept and will keep the circumstances
      leading to this Agreement completely confidential as to persons not
      employed by ACGI or its affiliates, except to the extent disclosed by ACGI
      to its tax or legal counsel.  ACGI represents and agrees that to
      the extent the circumstances leading to this Agreement are disclosed to
      employees of ACGI or its affiliates, such information will be disclosed
      only to current executive-level employees of ACGI or its affiliates and
      only on a need-to-know basis as determined in the sole discretion of
      ACGI.  In the event any such permitted disclosure to employees
      of ACGI or it affiliates is made, ACGI warrants that such employees will
      also comply with this confidentiality provision. 

               

              Further,
      the parties agree that if they receive inquiries concerning these matters
      or this Agreement, they will limit their comments to a positive statement
      to be a paraphrase of the press release issued by ACGI related to this
      matter and will not further comment on or characterize these
      matters.

               

            
	
              Entire
      Benefits:

            	
              The
      parties acknowledge that this Agreement constitutes a compromise
      settlement payment of expenses, costs, attorneys’ fees, compensatory
      damages, punitive damages, and any other damages alleged to have been
      sustained by them.  You acknowledge that this is a waiver of
      your present and future employment rights.  You further
      acknowledge that any taxes due on the payments or benefits provided will
      not provide a basis to set aside or in any way alter this Agreement,
      unless an obligation of ACGI is breached by it.  Further none of
      the payments or benefits provided under this Agreement following your
      Employment Separation Date shall be taken into account as compensation
      under any ACGI welfare, pension, profit sharing or similar program that
      bases benefits in whole or in part on compensation received from
      ACGI.

               

              You
      further acknowledge that you have lost no wages as a result of your
      separation from ACGI and that you hereby specifically disavow any
      entitlement to lost wages.

               

            
	
              Directors
      & Officer’s indemnification:

            	
              For
      the avoidance of doubt, ACGI agrees that it will continue to provide
      indemnification to you for the period that you were a director or officer
      according to the terms of Section 15 of that certain Employment Agreement
      dated September 13, 2007, by and between you and ACGI (“Employment
      Agreement”), and as permitted by ACGI’s certificate of incorporation and
      bylaws and by applicable law.  For the further avoidance of
      doubt, it is the intent of the parties that payments will be made by ACGI
      to professional representatives (e.g., attorneys, expert
      witnesses) as the fees and costs are incurred (as opposed to a
      reimbursement to you).

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Giuseppe Crisafi

      Seperation Agreement

      August 25, 2008

      Page 5

       

    

    
      	
              No
      Admission of Wrongdoing:

            	
              The
      parties understand and agree that this Agreement does not constitute an
      admission that you or ACGI or any of its officers, directors, employees,
      representatives or agents has violated any local ordinance, state or
      federal statute, or principle of common law, or that any party has engaged
      in any improper or unlawful conduct or wrongdoing against the other party.
      The parties further agree that they will not characterize this Agreement
      or the payment of any money or other consideration in accordance with this
      Agreement as an admission that any party has engaged in any improper or
      unlawful conduct or wrongdoing against the other party.

               

            
	
              Non-Disparaging
      Remarks:

            	
              You
      agree that you will not make disparaging remarks about ACGI or its
      affiliates or any of their respective directors, officers, employees,
      representatives, or agents, or any of their respective products, services,
      practices or conduct, and ACGI agrees that it and its employees, officers,
      directors and affiliates will not make any disparaging remarks about you,
      provided, however, that the parties may give truthful testimony about such
      matters pursuant to a court order.

               

            
	
              Return
      of ACGI Property:

            	
              You
      hereby certify that on or before your Employment Separation Date, you have
      left on ACGI premises in good condition all of its property (including but
      not limited to fax machines, computers and printers), equipment,
      materials, and information, which were in your possession, custody or
      control.

               

            
	
              Applicable
      Law:

            	
              Delaware
      law, without regard to its conflicts of law principles, will apply in
      connection with any dispute or proceeding concerning this
      Agreement.  With respect to any suit, action or other proceeding
      arising from, or relating to, this Agreement, the parties hereby
      irrevocably agree to the exclusive personal jurisdiction and venue of the
      Federal and state courts located within the state of Florida.

               

            
	
              Suit
      in Violation of This Agreement - Loss of Benefits and Payment of
      Costs

            	
              If
      any party to this Agreement breaches it, the non-breaching party may bring
      an action and if successful, the breaching party agrees to pay all costs,
      expenses and actual attorneys’ fees incurred by the non-breaching
      party.  If you file a lawsuit asking that the Agreement be
      declared invalid or unenforceable, you agree that prior to the
      commencement of such an action you will tender back to ACGI all monies
      that you received or that were paid on your behalf as consideration for
      this Agreement.  However, the previous two sentences shall not
      be applicable to an action challenging the validity of this Agreement
      under the Age Discrimination in Employment Act.  If your action
      is unsuccessful, you further agree that you will pay all costs, expenses
      and actual attorneys’ fees incurred by ACGI in its successful defense
      against the action.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Giuseppe Crisafi

      Seperation Agreement

      August 25, 2008

      Page 6

       

    

    
      	
              Remedies:

            	
              You
      understand and agree that if you are found by a court of law to have
      materially breached any of your obligations under this Agreement, you
      shall forfeit your entitlement to any future compensation or benefits
      under this Agreement, including the release, which shall be null and
      void.  ACGI understands and agrees that if it is found by a
      court of law to have materially breached any of its obligations under this
      Agreement, it shall forfeit its entitlement to any future benefits under
      this Agreement, including the release, which shall be null and
      void.  Notwithstanding the above, the parties shall be entitled
      to any damages caused by the other's breach.

               

              The
      parties understand and agree that in the event of a breach the terms of
      this Agreement, another party may bring a legal action against the
      breaching party and the non-breaching party shall be entitled to recovery
      of compensatory damages and its actual attorney’s fees and
      costs.   The parties further understand and agree that in
      the event of breach, the non-breaching party may suffer irreparable
      damages for which there is no adequate remedy at
      law.   Therefore, the parties agree that in addition to
      recovery of compensatory damages and actual attorney’s fees and costs, the
      non-breaching party shall be entitled to injunctive relief to stop the
      continued breach and such other relief as may be provided at law or
      equity.

               

              ACGI
      and you understand and agree that if the applicable party breaches the
      non-disparagement section herein, the non-breaching party will be entitled
      to injunctive relief to stop the continued breach and the non-breaching
      party will also be entitled to $200,000 for each breach of the
      non-disparagement section as liquidated damages.  The parties
      acknowledge and agree to the reasonableness of this amount.

               

            
	
              Your
      Attorney:

            	
              You
      acknowledge that you have been and hereby are advised to consult with
      legal counsel before signing this Agreement and have done
      so.  Within 14 days of its receipt of an invoice copy, ACGI will
      reimburse you for your attorneys’ fees related to this matter up to
      $10,000.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Giuseppe Crisafi

      Seperation Agreement

      August 25, 2008

      Page 7

       

    

    
      	
              Your
      Consent:

            	
              You
      acknowledge that you have read this Agreement and understand its contents
      and agree to its terms and conditions freely and voluntarily, that you
      have made an independent investigation of the facts and are not relying on
      any statements or representations by ACGI, and that you understand that
      this Agreement includes a final general release and that you can make no
      further claims against ACGI having any connection with the subject matter
      of this Agreement.

               

            
	
              No
      Other Agreements:

            	
              This
      Agreement, along with the Consulting Agreement between the parties entered
      into simultaneously herewith, supersedes any prior written or oral
      agreements between ACGI and you concerning the cessation of your
      employment and any benefits you might receive following that
      event.

               

            
	
              Miscellaneous:

            	
              The
      failure of either party at any time or times to require performance of any
      provision hereof  shall in no manner effect the right at a later
      time to enforce the same.  To be effective, any waiver must be
      contained in a written instrument signed by the party waiving compliance
      by the other part(y/ies) of the term or covenant as
      specified.  The waiver by a party of the breach of any term or
      covenant contained herein, whether by conduct or otherwise, in any one or
      more instances, shall not be deemed to be, or construed as, a further or
      continuing waiver of any such breach, or a waiver of the breach of any
      other term or covenant contained in this Agreement.

               

              If
      any of the provisions of this Agreement are severable, it being the
      intention of the parties hereto that should any provision be held to be
      invalid, illegal or unenforceable, the validity, legality and
      enforceability of the remaining provisions shall not in any way be
      affected or impaired thereby.

               

              This
      Agreement may only be amended, varied or modified by a written document
      executed by the parties hereto.

               

              This
      Agreement will he binding upon and inure to the benefit of ACGI and any
      successor to ACGI, including, without limitation any persons acquiring
      directly or indirectly all or substantially all of the business or assets
      of ACGI whether by purchase, merger, consolidation, reorganization or
      otherwise (and such successor shall thereafter be deemed ACGI for the
      purposes of this Agreement.

               

              This
      Agreement will inure to the benefit of and be enforceable by your personal
      or legal representatives, executors, administrators, successors, heirs,
      distributes and legatees.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Giuseppe Crisafi

      Seperation Agreement

      August 25, 2008

      Page 8

       

    

    
      	 	This
      Agreement may not be assigned, transferred or otherwise inure to the
      benefit of any third person, firm or corporation without the written
      consent by the parties hereto, except that you may assign your rights
      under this Agreement. 

               

              This
      Agreement may be executed in any number of counterparts, each of which
      shall be deemed an original but all of which together shall constitute one
      and the same agreement.

               

              The
      obligations set forth in the Release of Claims, Confidentiality,
      Indemnification, Non-Disparaging Remarks, Return of ACGI Property, Suit in
      Violation and Remedies sections shall survive any termination or
      expiration of this Agreement.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
       

      Giuseppe Crisafi

      Seperation Agreement

      August 25, 2008

      Page 9

       

    

    If you are in agreement with all of the
terms stated in this Agreement, please sign both copies where indicated and
return one copy to me.

    
    

     

     

    
      	 	Sincerely,
	 	 
	 	The
      Amacore Group, Inc.
	 	 
	 	/s/
      Jay
      Shafer                              
      
	 	Jay
      Shafer,
	 	President

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Giuseppe Crisafi

    Seperation Agreement

    August 25, 2008

    Page 10

     

    I
have read each and every paragraph of this Agreement, I have been advised to
consult with my attorney, and I understand my respective rights and
obligations.

     

    I
further acknowledge that I understand the above agreement includes the release
of all claims.  I understand that I am waiving unknown claims and I am
doing so intentionally.

     

     

    Accepted
and agreed to this 25th day of August, 2008.

    
/s/
Giuseppe
Crisafi                     

    Giuseppe
Crisafi

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
A

     

    Mr. Jay
Shafer

    President

    The
Amacore Group, Inc.

    1211
North Westshore Boulevard, Suite 512

    Tampa,
Florida   33607

     

    RE:           Resignation

    

    Dear
Jay:

    

    This letter is to inform you that I am
resigning from my employment and all of my positions with The Amacore Group,
Inc. and all its subsidiaries, including without limitation, Chief Financial
Officer and Director, effective August 25, 2008.

    

     

    
      	 	Sincerely,
	 	 
	 	
              /s/
      Giuseppe
      Crisafi                  
      

              Giuseppe Crisafi

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]