Document:

Specimen Warrant Certificate

 Exhibit 4.3 
 (SEE REVERSE SIDE FOR LEGEND) 
 WARRANTS 
 NUMBER 
 TNC

 (THIS WARRANT WILL BE VOID IF NOT EXERCISED PRIOR TO 5:00 P.M. 
 NEW YORK CITY TIME, APRIL 17, 2009) 
 CUSIP 185061 11 6 
 CLEARPOINT BUSINESS PARTNERS, INC. 
 WARRANT 
 THIS
CERTIFIES THAT, for value received 
 is the registered holder of a Warrant or Warrants expiring April 17, 2009 (the
“Warrant”) to purchase one fully paid and non-assessable share of Common Stock, par value $.0001 per share (“Shares”), of ClearPoint Business Resources, Inc., a Delaware corporation (the “Company”), for each Warrant
evidenced by this Warrant Certificate. The Warrant entitles the holder thereof to purchase from the Company such number of Shares of the Company at the price of $5.00 per share, upon surrender of this Warrant Certificate and payment of the Warrant
Price at the office or agency of the Warrant Agent, Continental Stock Transfer & Trust Company (such payment to be made by check made payable to the Warrant Agent), but only subject to the conditions set forth herein and in the Warrant Agreement
between the Company and Continental Stock Transfer & Trust Company. The Warrant Agreement provides that upon the occurrence of certain events the Warrant Price and the number of Warrant Shares purchasable hereunder, set forth on the face hereof,
may, subject to certain conditions, be adjusted. The term Warrant Price as used in this Warrant Certificate refers to the price per Share at which Shares may be purchased at the time the Warrant is exercised. 
 No fraction of a Share will be issued upon any exercise of a Warrant. If the holder of a Warrant would be entitled to receive a fraction
of a Share upon any exercise of a Warrant, the Company shall, upon such exercise, round up to the nearest whole number the number of Shares to be issued to such holder. 
 Upon any exercise of the Warrant for less than the total number of full Shares provided for herein, there shall be issued to the registered holder hereof or his assignee a new Warrant Certificate
covering the number of Shares for which the Warrant has not been exercised. 
 Warrant Certificates, when surrendered at the
office or agency of the Warrant Agent by the registered holder hereof in person or by attorney duly authorized in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any
service charge, for another Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants. 
 Upon due presentment for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a
like number of Warrants shall be issued to the transferee in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any applicable tax or other governmental charge. 

The Company and the Warrant Agent may deem and treat the registered holder as the absolute owner of this Warrant Certificate
(notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the registered holder, and for all other purposes, and neither the Company nor the Warrant Agent shall
be affected by any notice to the contrary. 
 This Warrant does not entitle the registered holder to any of the rights of a
stockholder of the Company. 
 The Company reserves the right to call the Warrant, with the prior consent of EarlyBirdCapital,
Inc., at any time prior to its exercise, with a notice of call in writing to the holders of record of the Warrant, giving 30 days’ notice of such call at any time after the Warrant becomes exercisable if the last sale price of the Shares has
been at least $8.50 per share on each of 20 trading days within any 30 trading day period ending on the third business day prior to the date on which notice of such call is given. The call price of the Warrants is to be $.01 per Warrant. Any Warrant
either not exercised or tendered back to the Company by the end of the date specified in the notice of call shall be canceled on the books of the Company and have no further value except for the $.01 call price. 
 By 
 COUNTERSIGNED 
 CONTINENTAL STOCK TRANSFER & TRUST COMPANY 
 AS WARRANT AGENT 
 BY: 
 AUTHORIZED OFFICER 
 CLEARPOINT BUSINESS RESOURCES, INC. 
 CORPORATE SEAL 2004 
 DELAWARE 
 SIGNATURE TO COME? 
 CHAIRMAN OF THE BOARD 
 SIGNATURE TO COME? 
 SECRETARY 
 AMERICAN BANK NOTE COMPANY 
 PRODUCTION COORDINATOR: TODD DEROSSETT 931-490-1720 
 711 ARMSTRONG LANE 
 PROOF OF FEBRUARY 6, 2007 
 COLUMBIA, TENNESSEE 38401 
 CLEARPOINT BUSINESS RESOURCES, INC. 
 (931) 388-3003 
 TSB 26157 FC Lot 2 
 SALES: J. NAPOLITANO 631-253-3206 
 Operator: ANTHONY 
 /ETHER 7 / LIVE JOBS / C / CLEARPOINT 26157 FC LOT 2 
 NEW 
 PLEASE INITIAL THE APPROPRIATE SELECTION FOR THIS PROOF: OK AS IS OK
WITH CHANGES MAKE CHANGES AND SEND ANOTHER PROOF 
 Colors Selected for Printing: Intaglio prints in SC-15 Maroon. 

COLOR: This proof was printed from a digital file or artwork on a graphics quality, color laser printer. It is a good representation of
the color as it will appear on the final product. However, it is not an exact color rendition, and the final printed product may appear slightly different from the proof due to the difference between the dyes and printing ink. 
 NOTE: Text that is sent in by disk or e-mail is not proofread word for word. 
 AMERICAN BANK NOTE COMPANY. 
  
 

 

 SUBSCRIPTION FORM 
 To Be Executed by the Registered Holder in Order to Exercise Warrants 
 The undersigned Registered Holder irrevocably elects to exercise
                     Warrants represented by this Warrant Certificate, and to purchase the shares of Common Stock issuable upon the exercise of such
Warrants, and requests that Certificates for such shares shall be issued in the name of 

	
	

	 (PLEASE TYPE OR PRINT NAME AND ADDRESS)

	
	

	
	

	
	

	 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

	 and be delivered to ____________________________________________________________________________________________________

	 (PLEASE PRINT OR TYPE NAME AND ADDRESS)

	
	 and, if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new
Warrant Certificate for
 the balance of such Warrants be registered in the name of, and delivered to, the Registered Holder
at the address stated below:

							
	 Dated:
	 	
	 	 	 	

	 	 	 	 	 	 	 (SIGNATURE)

	 	 	 	 	 	 	

	 	 	 	 	 	 	 (ADDRESS)

	 	 	 	 	 	 	

				
	 	 	 	 	 	 	

	 	 	 	 	 	 	 (TAX IDENTIFICATION NUMBER)

 ASSIGNMENT 
 To Be Executed by the Registered Holder in Order to Assign Warrants 

	
	 For Value Received, _______________________________________ hereby sell, assign, and transfer unto

	
	

	 (PLEASE TYPE OR PRINT NAME AND ADDRESS)

	
	

	
	

	
	

	 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER)

	 and be delivered to ___________________________________________________________________________________________________

	 (PLEASE PRINT OR TYPE NAME AND ADDRESS)

	
	 __________________________ of the Warrants represented by this Warrant Certificate, and hereby irrevocably constitute
and

	
	 appoint___________________ Attorney to transfer this Warrant Certificate on the books of the Company,
with full power of
 substitution in the premises.

							
	 Dated:
	 	
	 	 	 	

	 	 	 	 	 	 	 (SIGNATURE)

 THE SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE
NAME WRITTEN UPON THE FACE OF THIS WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF THE AMERICAN STOCK EXCHANGE, NEW
YORK STOCK EXCHANGE, PACIFIC STOCK EXCHANGE OR CHICAGO STOCK EXCHANGE.Kurt Braun Employment Agreement

 Exhibit 10.8 
 EMPLOYMENT AGREEMENT 
  

			
	To:	  	Kurt Braun,
	From:	  	Michael Traina, CEO Mercer Staffing, Inc.
	Date:	  	April 18, 2005
	Position:	  	Chief Financial Officer

 Mercer Staffing, Inc. (“MS”) hereby makes an offer of employment pursuant to this Employment Agreement
(“Agreement”) to Kurt Braun (“Employee”) as the Chief Financial Officer (“CFO”) for Mercer Staffing. The CFO position is a full time position based in our office at Doylestown Office. The job shall report to the Chief
Executive Officer (“CEO”). 
 Summary of Responsibilities: 
 The Chief Financial Officer primary responsibilities will be to write, review, revise, and implement all policies and procedures relating to the Fiscal Management Department. These policies and procedures will
include, but not be limited to, management and protection of the Company’s assets, financial statements, accounts payable, accounts receivable, invoicing, and accounting accruals. In addition, incumbent will be responsible for developing,
implementing and monitoring management systems for the financial statements development of the Company, the accounts payable and receivable, the invoicing per contract and general accounting accruals. 
 Qualifications: 
  

	 	•	 	 Graduate degree (MBA preferred), 

  

	 	•	 	 Computer Literate; proficient in Excel and other computer systems, 

  

	 	•	 	 Five (5) years of progressive financial management experience, 

  

	 	•	 	 Good interpersonal, communication, and management skills. 

 Principle Duties: 
  

	 	•	 	 Incumbent will be responsible for the day to day operation and management of all departments or units reporting to the Fiscal Department. This will also include
analyzing and reviewing all financial statements with the CEO. 

  

	 	•	 	 Will be responsible for keeping the CEO informed as to the cash needs and availability. The management of the Company assets will include investment of surplus
profits as well as the acquisition of the funding from all external sources. 

	 	•	 	 In order to support new initiatives, development, and sustained growth of MS, the CFO will participate in proposal development processes. The CFO will also
coordinate pricing for the MS bid process including the review of the financial impact of the bidding. 

  

	 	•	 	 The continual growth and prosperity of MS will result in the participation of the CFO in the development of short and long-term planning strategies in conjunction
with senior management, and providing them with an understanding of the MS’ financial outlook as well as analysis of the conditions that may affect or have an impact on the MS’ position. In carrying out this responsibility, the CFO will
oversee the creation of departmental budgets and plans based upon the long-term strategies developed and also be responsible for developing and maintaining a working relationship with MS senior management. The CFO will keep the CEO aware of the
status of those relationships. 

  

	 	•	 	 Employee will maintain a relationship with banking representatives in addition to meeting with the CEO and those representatives on a regular basis.

  

	 	•	 	 CFO will develop, produce, and distribute quarterly, bi-annual, or annual review and audits as appropriate. All requests for payments for billing, purchases, etc.
will be approved by the CFO. 

  

	 	•	 	 Employee will also participate in meetings with all levels of employees, senior managers, contractors, vendors, state, local, and government entities and the CEO.

  

	 	•	 	 Employee understands that all information concerning clients or Company business must be held in strict confidence and must never be discussed or conveyed to any
person not authorized by the client or the CEO to have such information or material. Employee understands that a breach of this responsibility is grounds for immediate dismissal. 

  

	 	•	 	 All and any verbal additions and/or deletions may be made at the discretion of the CEO. 

 The terms of the employment agreement for Employee as CFO are as follows: 
  

	 	1)	The Employee shall be terminable subject to the terms outlined in paragraph 2. 

  

	 	2)	Employee is terminable at will. If terminated for any reason other than For Cause (For Cause defined below), Employee shall receive $65,000 aggregate compensation paid out weekly
over six months consistent with current payroll practices until the total aggregate amount is paid (“Severance Payments”). In the event of a For Cause termination, Employee shall not be eligible to receive Severance Payments. For the
purposes of this Agreement, For Cause shall be defined as Employee engages in unfair competition, theft, embezzlement, fraud, violates any state insurance code, issues fraudulent certificates of insurance, violates the terms of the confidentiality
or non-compete provisions of this Agreement found in paragraph 8, or if Employee shall be convicted of a serious felony or is adjudicated guilty of a crime involving gross, willful or wanton fraud, misrepresentations or other conduct of moral
turpitude. 

	 	3)	The Employee shall receive an annual salary of $125,000 and shall receive 20 days of comprehensive paid time off (includes vacation, sick and personal days) each year. The PTO days
accrue on a monthly basis. Employee may “go in the hole” and utilize unearned PTO if approved by his/her supervisor. The comprehensive paid time off is pursuant to a “use or lose it” policy and such days does not carry over from
year to year. The annual cut off date for Employee to use paid time off shall be the date of hire. 

  

	 	4)	The Employee shall be eligible to participate in the same health and dental benefits program of the officers of MS. MS shall contribute 100% of the cost of said coverage for
Employee’s entire family. 

  

	 	5)	Employee shall be eligible to participate in a bonus incentive program whereby the Employee may earn additional compensation if MS achieves the following Earnings before Income
Taxes, Depreciation and Amortization (“EBITDA”) targets in 2005: EBITDA is between $2.7 million and $3.7 million, employee bonus is $10,000, between $3.7 million and $4.7 million, bonus is $20,000 and if EBITDA is above $4.7 million, bonus
is $30,000, The annual bonus range and EBITDA targets will be calculated at the sole discretion of the CEO. The bonus shall be determined at the end of each fiscal year and shall be paid out weekly over three months consistent with current payroll
practices until the total aggregate amount is paid. 

  

	 	6)	MS (“the Company”) anticipates potentially three liquidity scenarios. The three are a sale of substantially all the assets of the Company, a partial sale of the Company,
or an initial public offering (“IPO”) of at least a portion of the Company’s stock. The following outlines a signing bonus structure for Employee upon the occurrence of each event. The employee must be an employee of MS at the time of
either the filing of the IPO with the Securities and Exchange Commission or at the time initial contact is made with the potential purchaser of the Company in order to receive the bonus. The bonuses are not cumulative and Employee shall be entitled
to only one of the following bonuses: Upon successful completion of an IPO of at least a portion of the Company’s stock, Employee shall be entitled to either, at the sole discretion of the Employer, $100,000 of the proceeds of the IPO in cash,
or an equivalent value of the Company stock at the time of the offering with the agreement that Employee remains on staff for a period of at least 3 months following the IPO if the Company desires; Upon a partial sale of the assets of the Company,
Employee shall be entitled to a cash payment of $100,000 with the agreement that Employee remains on staff for a period of 3 months following the sale if the Company desires; Upon a sale of substantially all the assets of the Company, Employee shall
be entitled to a cash payment of 5% of the net purchase price up (Net purchase price will be calculated as Total Purchase Price less debt owed to Senior Debt Holder (currently Bridge Healthcare) and Shareholders/Members of MS.) to a maximum
of $100,000 with the agreement that Employee remains on staff for a period of at least 3 months following the sale if the Company desires. 

	 	7)	MS will reimburse the Employee for all out-of-town travel, lodging, meals, and auto rental, based on MS travel policies. Employee shall receive a company owned cell phone and a
monthly car allowance of $400.00. 

  

	 	8)	MS will reimburse Employee for all direct out-of-pocket expenses as a result of the business development, client relations, and recruitment activities including parking, tolls, and
telephone usage. Direct expenses for client relations and entertainment must be approved by the CEO. 

  

	 	9)	During the term of the Agreement, Employee may be given access to sensitive or proprietary information involving MS trade secrets or marketing information, or trade secrets or
marketing information of a prime contractor or subcontractors working with MS. Employee agrees to keep all such information/documents in strict confidence and take prudent measures to protect and secure information/documents. Employee further agrees
that it will not solicit or interfere with any accounts, trade, employees or contractual arrangements of MS as it pertains to its services and will not compete with any of the accounts, trade, business patronage, employees or contractual
arrangements of MS as it pertains to its services. Employee agrees that for a period of one (1) year following the termination of this Agreement, Employee will not compete with MS as a partner, owner, employee, or through any other means within
25 miles of any MS office. 

  

	 	10)	Employee agrees that the compensation under this Agreement is reasonable inducement to enter into the terms outlined in this Paragraph 8. Employee agrees that the scope is
reasonable based on his role as an officer of MS. Employee agrees that the geographic scope of the restrictions outlined in Paragraph 8 are reasonable. 

  

	 	11)	Employer agrees that for the calculation of vesting for any and all types of benefits offered by MS, Employees official employment start date is September 27, 2004, the first
day of his employment with MS on an hourly basis. 

  

	 	12)	If any of the terms of this Agreement conflict with the Employee Handbook, this Agreement is the governing document. 

  

	 	13)	Employee agrees that this Agreement constitutes the entire Agreement and that no other agreement exists between the parties, either oral or written, which are not included in this
Agreement. The Agreement shall be governed by the laws of the Commonwealth of Pennsylvania. 

 My signature below indicates that I: 
  

	 	I.	Have had the opportunity to review this position description with my immediate supervisor. 

  

	 	II.	Have had the opportunity to ask all questions which I might have pertaining to this position description. 

  

	 	III.	Acknowledge and understand the duties and responsibilities of the position to which I have been assigned. 

  

	 	IV.	Have been provided with a copy of this position description for my personal reference. 

 Date: April 4, 2005 
  

					
	Employee	 		 	Mercer Staffing, Inc.
			
	 /s/ Kurt A. Braun
	 		 	 /s/ Michael D. Traina

	Kurt A. Braun	 		 	Michael D. Traina, CEO

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