Document:

Exhibit
4.82

    

    TERMINATION
AGREEMENT

    

    THIS TERMINATION AGREEMENT
(hereinafter referred to as this “Agreement”) is entered into by and among NATIONAL INVESTMENT MANAGERS
INC., a Florida corporation (the “Company”), and WOODSIDE CAPITAL PARTNERS IV,
LLC (“WoodSide
IV”),
WOODSIDE CAPITAL
PARTNERS IV QP, LLC (“WoodSide IV QP”),
WOODSIDE CAPITAL PARTNERS V,
LLC, as assignee
of Lehman Brothers Commercial Bank (“Woodside V”), WOODSIDE CAPITAL PARTNERS V QP,
LLC, as assignee
of Lehman Brothers Commercial Bank (“Woodside V QP,” and
together with Woodside V, the “Assignees”) (Woodside
IV, Woodside IV QP, Woodside V and Woodside V QP are collectively referred to
herein as the “Holders”) and Woodside Agency Services, LLC
(the “Collateral
Agent”),  this 26th day of April, 2010.  Capitalized
terms used herein without definition shall have the meanings assigned to such
terms in the Securities Purchase Agreement, as defined below.

    

    RECITALS:

    

    WHEREAS, the Company, the
Holders and the Collateral Agent entered into that certain Securities Purchase
and Loan Agreement, dated as of November 30, 2007 (as amended, modified, or
supplemented from time to time, the “Securities Purchase
Agreement”);

     

    WHEREAS, the Company, the
Holders and the Collateral Agent entered into that certain Amendment No. 8 to
Securities Purchase and Loan Agreement, dated as of April 26, 2010 (the “Forbearance
Agreement”);

     

    WHEREAS, the Company and the
Holders entered into that certain Contingent Interest Payment Agreement, dated
as of November 30, 2007 (the “CIP
Agreement”);

     

    WHEREAS, the Company and the
Holders entered into that certain Fee Agreement, dated as of November 30, 2007
(the “2007 Fee
Agreement”);

     

    WHEREAS, certain warrants
(evidenced by Warrant Certificate Numbers WC-1, WC-2, WC-3, WC-4, WC-5, WC-6,
WC-7, WC-8 and WC-9) (the “Warrants”) were issued to Woodside IV, Woodside IV
QP, and Lehman Brothers Commercial Bank pursuant to Section 2 of the Securities
Purchase Agreement on November 30, 2007; the Warrants issued to Lehman Brothers
Commercial Bank evidenced by Certificate Numbers WC-7, WC-8 andWC-9 were
subsequently assigned to the Assignees; and, pursuant to Section 11 of the
Securities Purchase Agreement, the Holders have certain rights to put their
Warrants to the Company (the "Put Rights"); and

     

    WHEREAS, the Company, the
Holders and the Collateral Agent have entered into that certain letter agreement
Re: Fee Arrangements (the “Woodside Fee
Agreement”), dated as of April 26, 2010, pursuant to which each of the
Holders has agreed to (a) surrender each of the Warrants held by it to the
Company for cancellation and (b) relinquish its right to receive its portion of
the CIP Amount (as defined in the CIP Agreement) and the Fee Amount (as defined
in the 2007 Fee Agreement).

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    Exhibit
4.82

    

    NOW, THEREFORE, the parties
hereto, in implementation of the Woodside Fee Agreement, agree as
follows:

     

    1.           Representation and
Warranty. The Holders hereby represent and warrant that they
collectively own all Warrants, free and clear of all liens, pledges,
hypothecations, claims, restrictions or encumbrances, and that no other person,
firm or entity has any interest whatsoever in the Warrants, the Put Rights, the
CIP Amount or the Fee Amount.

     

    2.           Surrender of
Warrants.  Each Holder hereby represents that it has
surrendered each of the Warrants held by it to the Company for cancellation and
hereby relinquishes all right, title and interest in and to the Warrants and the
related Put Rights held by it.

     

    3.           Relinquishment of Rights
Under the CIP Agreement and 2007 Fee Agreement.  Each Holder
hereby relinquishes (i) all of its right, title and interest in and to its
portion of the CIP Amount (as defined in the CIP Agreement) and (ii) all of its
right, title and interest in and to the Fee Amount (as defined in the 2007 Fee
Agreement).

     

    4.           Termination.  The
Warrants, the Put Rights, the CIP Agreement and the 2007 Fee Agreement are
hereby terminated and are of no further force and effect, and the Holders shall
have no further rights, and the Company shall have no further obligations, under
the Warrants, the Put Rights, the CIP Agreement, or  the 2007 Fee
Agreement.

     

    6.           Invalidity.  If
any of the provisions or terms of this Agreement shall be held for any reason to
be invalid or unenforceable, such invalidity or unenforceability shall not
affect any of the other terms hereof, and this Agreement shall be construed as
if such unenforceable term had never been contained herein.

     

    7.           Governing Law. The
validity of this Agreement, its construction, interpretation and enforcement,
and the rights of the parties hereunder, shall be determined under, governed by,
and construed in accordance with the laws of The Commonwealth of Massachusetts
without regard to conflicts of laws principles.

     

    8.           Entire
Agreement.  This Agreement supersedes all agreements between
the parties with respect to the subject matter hereto, whether verbal or
written, and embodies the entire terms and conditions of the Agreement between
the parties.  This Agreement shall be binding upon and shall inure to
the benefit of the parties and their successors and/or assigns.

     

    9.           Execution.  This
Agreement may be executed in counterparts, each of which shall be deemed an
original against the party whose signature appears thereon, and all of which
shall be considered an original and together shall constitute one
agreement.  Facsimile signatures shall have the same effect as
original signatures.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    Exhibit
4.82

    

    [Signature Page to
Follow]

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    Exhibit
4.82

    

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

     

    
      
        
          	 
      	
                  WOODSIDE
      CAPITAL PARTNERS V, LLC

                
	 
      	 
      
	 
      	
                  By:
      Woodside Opportunity Partners II, LLC, its Manager

                
	 
      	
                  By:
      Woodside Capital Management, LLC, its Manager

                
	 
      	 
      
	 
      	
                  By

                	
                  :  /s/ Scott
  Schooley

                
	 
      	 
      	
                  Name:
      Scott Schooley

                
	 
      	 
      	
                  Title:
      Manager

                
	 
      	 
      
	 
      	
                  WOODSIDE
      CAPITAL PARTNERS V QP, LLC

                
	 
      	 
      
	 
      	
                  By:
      Woodside Opportunity Partners II, LLC, its Manager

                
	 
      	
                  By:
      Woodside Capital Management, LLC, its Manager

                
	 
      	 
      
	 
      	
                  By

                	
                  :  /s/ Scott
  Schooley

                
	 
      	 
      	
                  Name:
      Scott Schooley

                
	 
      	 
      	
                  Title:
      Manager

                
	 
      	 
      
	 
      	
                  WOODSIDE CAPITAL PARTNERS IV,
      LLC

                
	 
      	 
      
	 
      	
                  By:
      Woodside Opportunity Partners, LLC, its Manager

                
	 
      	
                  By:
      Woodside Capital Management, LLC, its Manager

                
	 
      	 
      
	 
      	
                  By

                	
                  :  /s/ Scott
  Schooley

                
	 
      	 
      	
                  Name:
      Scott Schooley

                
	 
      	 
      	
                  Title:
      Manager

                
	 
      	 
      
	 
      	
                  WOODSIDE
      CAPITAL PARTNERS IV QP, LLC

                
	 
      	 
      
	 
      	
                  By:
      Woodside Opportunity Partners, LLC, its Manager

                
	 
      	
                  By:
      Woodside Capital Management, LLC, its Manager

                
	 
      	 
      
	 
      	
                  By

                	
                  :  /s/ Scott
  Schooley

                
	 
      	 
      	
                  Name:
      Scott Schooley

                
	 
      	 
      	
                  Title:
      Manager

                

        

      

    

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    Exhibit
4.82

    

    
      
        
          
            
              
                
                  
                    	 
      	
                            WOODSIDE AGENCY SERVICES,
      LLC, as Collateral Agent

                          
	 
      	 
      
	 
      	
                            By:
      Woodside Capital Management, LLC, its Manager

                          
	 
      	 
      
	 
      	
                            By:

                          	
                              /s/ Scott
    Schooley

                          
	 
      	 
      	
                            Name:
      Scott Schooley

                          
	 
      	 
      	
                            Title:
      Manager

                          

                  

                

              

            

          

        

      

    

     

    
      
        
          	 	NATIONAL
      INVESTMENT MANAGERS INC.
	 
      	 
      
	 
      	
                  By:

                	
                  /s/ Steven J. Ross

                
	 
      	 
      	
                  Name:
      Steven J. Ross

                
	 
      	 
      	
                  Title:
      CEO

                

        

      

    

     

    
      
         

      

      
        -5-Unassociated Document

    

      Exhibit
10.6

       

      2010 Gome
Home Appliance Co., Ltd. — Deer (brand)

      (English
Translation)

       

      Memorandum
of Understanding

       

      Time of
Negotiations: January 15, 2010 Friday

       

      Place of
Negotiations: Gome Home Appliance Co. (headquarters) 18th Fl
Conference Room No. 31

       

      Parties:

      
 

      Party A: Guangdong Deer Consumer
Products, Inc.

      Party B: Gome Home Appliance Co.,
Ltd.

      

      Persons
in attendance:

      

      Party A: Ying He (CEO), Chuanjing Zheng
(Assistant to the President)

      Party B: JunTao Li (Vice
President), Yansong Xu (Department Chief), Lihai Zhou (Manager)

      

      Contents
of the Deer white-colored small appliances/Gome cooperation negotiation
Memorandum of Understanding:

      

      In order
to increase its competitiveness in the home appliances retail chain-store
industry, Gome selects qualified and compatible manufacturers to form in-depth
cooperative operations. The specific contents of the cooperative operation are
as follows:

      

      
        
          	 	
                  I.
      

                	
                  Cooperative
      operation model

                

        

      

       

      
        	
                 
      

              	
                1.

              	
                Both
      parties use the one-step pricing
model;

              

      

       

      
        	
                 
      

              	
                2.

              	
                The
      length of the contract is three (3) years (2010-2012). Both parties then
      decide whether to renew the contract based on the circumstances of the
      cooperation;

              

      

       

      
        	
                 
      

              	
                3.

              	
                Sales
      are on a commission basis;

              

      

       

      
        	
                 
      

              	
                4.

              	
                Accounts
      settlement is centrally conducted by the Parties’ respective
      headquarters;

              

      

       

      
        	
                 
      

              	
                5.

              	
                Party
      A provides sample products. The settlement price of the sample product is
      80% of the price of the supplied
products;

              

      

       

      
        	
                 
      

              	
                6.

              	
                Agree
      to maintain the rate of damaged and faulty products under
    2%.

              

      

       

      
        	
                 
      

              	
                II.

              	
                Division
      of the main functions and responsibilities of the
  Parties.

              

      

       

      
        	
                 
      

              	
                1.

              	
                Guangdong
      Deer Consumer Products, Inc. is responsible
for:

              

      

       

      
        	
                

                  i.

                

              	
                  

              	
                Product
      production, the formulation of delivery cycles and the safe execution
      thereof;

              

      

       

      
        	
                

                  ii.

                

              	
                 

              	
                Delivery
      of the products to each of Gome’s distribution
  depots;

              

      

       

      
        	
                

                  iii.

                

              	
                 

              	
                Support
      for the training of sales personnel (methods yet to be
      determined).

              

      

       

      
        	
                 
      

              	
                2.

              	
                Gome
      Home Appliance Co., Ltd. is systematically responsible
  for:

              

      

       

      
        	
                

                  i.

                

              	
                 

              	
                Order
      placement;

              

      

       

      
        	
                

                  ii.

                

              	
                 

              	
                Sales
      area layout;

              

      

       

      
        	
                

                  iii.

                

              	
                 

              	
                Manufacture
      of display stands;

              

      

       

      
        	
                

                  iv.

                

              	
                 

              	
                Management
      of sales personnel (hiring, daily management, training, wages and
      evaluation);

              

      

       

      
        	
                

                  v.

                

              	
                 

              	
                Planning
      and execution of sales promotion
events.

              

      

       

      
        	
                 
      

              	
                3.

              	
                Both
      Parties are responsible for:

              

      

       

      
        	
                

                  i.

                

              	
                 

              	
                Product
      selection;

              

      

       

      
        	
                

                  ii.

                

              	
                 

              	
                Set
      product price.

              

      
 

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                III.

              	
                Operation
      categories

              

      

       

      In 2010,
the primary categories are juicers, food processors and other food processing
products; additional categories are separately determined.

       

      
        	
                 
      

              	
                IV.

              	
                Product
      profit margin standard

              

      

       

      
        	
                 
      

              	
                1.

              	
                Product
      profit margin for 2010 is no less than **% of consolidated
      profit;

              

      

       

      
        	
                 
      

              	
                2.

              	
                Parties
      will separately determine standards for 2010 [sic] and
    2012.

              

      

       

      
        	
                 
      

              	
                V.

              	
                After-sales
      service

              

      

       

      
        	
                 
      

              	
                1.

              	
                Party
      A is responsible for after-sales
service.

              

      

       

      
        	
                 
      

              	
                VI.

              	
                Implementation
      schedule of the cooperative operation
project

              

      

       

      Details
of the cooperation workflow are to be completed by February 15, 2010; the
contract is to be signed at the same time.

       

      
        	
                Party
      A: Guangdong Deer Consumer Products, Inc.

              	
                Party
      B: Gome Home Appliance Co., Ltd.

              
	
                Representative:
      /s/ Ying He

              	
                Representative:
      /s/ JunTao Li

              
	
                Date:
      2010-01-15

              	
                Date:
      2010-01-15

              

      

      

      **
Portions of this page have been omitted pursuant to a request for confidential
treatment and filed separately with the Securities and Exchange
Commission.

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