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EXHIBIT 10.5

Agreement by and between the Company Burnham Hill Partners LLC dated June 7, 2011

CONSULTING AGREEMENT FOR SERVICES BETWEEN

Vycor Medical, Inc. and Burnham Hill Advisors, LLC

This Consulting Agreement (the “Agreement”)
dated as of the 7th day of June, 2011 (the “Effective Date”) is made and entered into by and
between Vycor Medical Inc. (the “Company”), having a place of business at 3651 FAU Boulevard, Suite 300,
Boca Raton, FL 33431 and Burnham Hill Advisors LLC, having a place of business at 501 Madison Ave,  Suite 501,
New York,  NY 10022 (“BHA”).

WHEREAS, the parties desire to define the terms and conditions under which BHA shall act as a consultant to the Company providing advice and services to the Company for its operating business;

NOW THEREFORE, in consideration of the mutual promises herein contained, the parties agree as follows:

1.

Relationship of the Parties. 

BHA shall act as a financial and corporate strategy consultant to the Company and shall provide corporate financial services.  The relationship between the Company and BHA is an independent contractor relationship, and nothing herein shall create a partnership, joint venture, agency or employer/employee relationship between the Company and BHA.  BHA shall not be covered by the Company’s workers’ compensation or health insurance and BHA shall not be entitled to any other employee benefits provided by the Company.  BHA shall have no authority to bind the Company or its affiliates and covenants and agrees not to make any attempt to so bind the Company or its affiliates.  BHA further covenants and agrees not to make representations that BHA has the power to bind the Company or its affiliates.

2.

Services. 

A.

BHA will, at the Company’s request, provide to the Company the following services (the “Services”): (i) assist the Company in its development of its business plan and forecasts; (ii) assist the Company in developing its business strategy; (iii) assist the Company in its business processes, including but not limited to, establishing tools and procedures for evaluating its existing business and tracking performance; (iv) assist in corporate development activities including alliances and acquisition analysis and structuring; and (v) assist the Company in its efforts to secure distribution partners and joint ventures.  

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B.

BHA acknowledges and agrees that all work performed under this Agreement is specially ordered by the Company and shall be work made for hire. The    Company shall be the owner of all such work and BHA hereby assigns, transfers and conveys to the Company, without reservation, all worldwide  ownership rights, title and interest in and to such work. 

3.

Performance.

BHA shall devote such time to performing the Services as BHA shall deem, at its reasonable discretion, necessary. Such services, in BHA's discretion, shall be rendered in person or by telephone or other electronic communication.

4. 

Term and Termination.

The term of this Agreement shall begin on the Effective Date and end six (6) months

after the effective date.  The end of such term shall be the “Expiration Date.”

5.

Fees.

A.

Upon the execution of this Agreement, the Company shall pay BHA ten thousand dollars ($10,000) per month, for a period of six (6) months, on the 15th of each month (or the next business day if the 15th is a weekend) beginning on June 15, 2011.  Additionally, BHA or its designees or assignees shall be issued one million (1,000,000) restricted shares of the Company’s common stock (the “Stock”).

B.

The Stock and the rights and privileges conferred in whole or in part hereby may not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise), and the Company shall have no obligation to transfer such shares, unless registered under the Securities Act of 1933, as amended (the “Act”) or, in the opinion of counsel to the Company, such transaction is in compliance with or exempt from the registration and prospectus requirements of the Act. Each certificate or other documentation evidencing the ownership of any shares of the Stock to be imprinted with a legend in substantially the following form: 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE REOFFERED, SOLD, TRANSFERRED, PLEDGED, OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT AND THE STATE SECURITIES ACT OR

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BLUE SKY ACT OF ANY STATE HAVING JURISDICTION THEREOF, OR (B) AN OPINION OF COUNSEL, REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR THE SECURITIES ACT OR BLUE SKY ACT OF ANY STATE HAVING JURISDICTION WITH RESPECT THERETO.” 

C.

The certificate may also bear additional inscriptions that the Company, in its sole and absolute discretion, otherwise deems are required by federal, state, foreign or local securities laws. All shares of Stock shall be subject to such restrictions as the Company may deem advisable under the rules, regulations, and other requirements of the US Securities and Exchange Commission, any stock exchange upon which the Common Stock is then listed, and any applicable federal or state securities law, and the Company may cause a legend or legends to be put on any certificates evidencing such shares to make appropriate reference to such restrictions. 

D.

The Stock is subject to all restrictions in this Agreement. By acceptance of the Stock, the BHA agrees that the Stock will be held for investment and will not be held with a view to their distribution, as that term is used in the Act, unless in the opinion of counsel to the Company, such distribution is in compliance with or exempt from the registration and prospectus requirements of the Act. As a condition of this Agreement, the Company may require the BHA to confirm any factual matters reasonably requested by counsel for the Company. 

6.

Confidential Information.

A.

Non-Disclosure. Both parties acknowledge that
either party may disclose to the other in connection with the performance of this Agreement information the disclosing party
considers confidential or proprietary (“Confidential Information”), the disclosure of which would be damaging to the disclosing party. For purposes of this Section 6, Confidential Information shall include all nonpublic Information of either party and/or the Client which a party and/or Client (i) marks as, or (ii) claims to the other to be, trade secret information, or (iii) which is recognizable by its nature to be a trade secret, or (iv) which is learned by one party without the other's intentional disclosure to it, or (v) which one party knows is deemed by the other to be its trade secret information including, without limitation, all software (regardless of its state of completion or form of recordation), product proposals, internally devised technology, system or network architecture or topology, all security mechanisms, product or processing capacities, revenues, customer data (including identification), information relating to its business affairs (including internal procedures and policies) and work product.

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B.

Maintenance of Confidential Information. Both parties, with respect to the Confidential Information, shall (i) maintain it in confidence; (ii) use at least the same degree of care in maintaining its secrecy as they use in maintaining the secrecy of their own proprietary, confidential and trade secret information, but in no event less than a reasonable degree of care; and (iii) use it only to fulfill their obligations under this Agreement unless hereafter agreed in writing by the other party.

C.

Survival. The provisions of this Section shall survive the termination or expiration of this Agreement and shall remain in effect so long as either party has in its possession any Confidential Information.

D.

Request for Disclosure. Both parties acknowledge the competitive value and confidential nature of the Confidential Information. In the event that the receiving party becomes legally compelled to disclose any of the disclosing party's Confidential Information, the receiving party shall provide the disclosing parts with prompt notice so that the disclosing party may seek a protective order or other appropriate remedy and the receiving party agrees to cooperate in seeking reasonable protective arrangements requested by the disclosing party. In the event that a protective order or other remedy to prevent disclosure is not obtained, the receiving party shall furnish only that portion of the Confidential Information which is legally required and the receiving party shall exercise its reasonable best efforts to obtain reasonable assurance that confidential treatment will be accorded the Confidential Information.

E.

Remedies.    Both parties acknowledge and agree that, given the nature of the Confidential Information and the damage that may result if information contained therein is disclosed to any third party, money damages may not be sufficient remedy for any breach of this Agreement, and that, in addition to all other remedies, the non-breaching party may be entitled to specific performance and injunctive or other equitable relief as deemed proper or necessary by a court of competent jurisdiction as a remedy for any such breach, and the breaching party further agrees to waive any requirement for the securing or posting of any bond in connection with such remedy.

F.

Exceptions. Neither party shall have any obligation concerning any portion of the Confidential Information which (i) was known or independently developed by the receiving party before receipt, directly or indirectly, from the disclosing party, (ii) is lawfully obtained, directly or indirectly, by the receiving party from another party under no obligation of confidentiality, or (iii) is or becomes publicly available other than as a result of an act or failure to act by the receiving party or its employees.

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7.

Indemnification. 

The Agreement shall be governed by the Indemnification Agreement attached hereto as Schedule A.

8.

Warranty.

A.

Performance of Services. BHA warrants to the Company that the Services will be performed in a good and workmanlike manner in accordance with the specifications described in this Agreement and prevailing industry standards. 

B.

State and Federal Taxes. As between the Company and BHA, BHA is responsible for all taxes and regulatory fees applicable to the services rendered.  As neither parties' personnel are employees of the other, neither party shall take any action or provide the other's personnel with any benefits or commitments inconsistent with any of its obligations hereunder. In particular: (i) Company will not withhold FICA (Social Security) from BHA's payments; (ii) neither party will make state or federal unemployment insurance contributions on behalf of the other or the other's personnel; (iii) Company will not withhold state and federal income tax from payment to BHA; (iv) neither party will make disability insurance contributions on behalf of the other; or (v) neither party will obtain worker's compensation insurance on behalf of the other or the other's personnel.

C.

Qualified Personnel. All Services being provided by BHA hereunder must be performed by employees or agents of BHA having a level of skill, training and expertise commensurate with the requirements of the Services being performed.

9.

Compliance with Applicable Laws. 

Both parties shall at their own expense comply with all laws and regulation of    federal, state and local government authorities relating to its obligations under this Agreement, including without limitation, all safety and employment tax regulations.

10.

Assignment. 

Neither party shall sell, assign, or subcontract any right or obligation hereunder without the prior written consent of the other and such consent shall not be unreasonably withheld or delayed; provided, that the Company may assign, upon written notice to BHA, its rights and obligations hereunder:  (a) to its subsidiary, parent or affiliate; (b) pursuant to any sale or transfer of all or substantially all of its assets; or (c) pursuant to any financing, merger, acquisition or reorganization.

11.

Entire Agreement. 

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This Agreement constitutes the full and complete understanding and agreement of the parties hereto and supersedes all prior understandings and agreements.  Any waiver, modification or amendment of any provisions of this Agreement shall be effective only if it is in writing and signed by the parties hereto.

12.

Severability.

If any of the provisions of this Agreement are held to be invalid or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby.

13.

No Waiver of Default.

The failure of either party to exercise any right of termination hereunder shall not constitute a waiver of the rights granted herein with respect to any subsequent default.

14.

Governing Law. 

This Agreement shall be construed and enforced in accordance with the laws of New York, without giving effect to its conflict of law principles.

15.

Covenant of Good Faith. 

The parties agree that, in their respective dealings arising out of or related to this Agreement, they shall act fairly and in good faith.

16.

Survival.  

The provisions of this Agreement that by their nature extend beyond the expiration or early termination of this Agreement will survive and remain in effect until all obligations are satisfied.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the Effective Date.

Burnham Hill Advisors, LLC 

Vycor Medical, Inc.

By: _______________________

By: _______________________

Name: 

Name:

Title: Managing Member

Title: 

          

Date: June 7, 2011

Date: June 7, 2011

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TO: 

Burnham Hill Advisors LLC

Date: June 7, 2011

501 Madison Ave., Suite 501

New York, NY 10022

In connection with your engagement pursuant to our letter Agreement of even date herewith (the “Engagement”), we agree to indemnify and hold harmless Burnham Hill Advisors LLC (“BHA”) and its affiliates, the respective directors, officers, partners, agents and employees of BHA and its affiliates, and each other person, if any, controlling BHA or any of its affiliates or successor in interest (collectively, “Indemnified Persons”), from and against, and we agree that no Indemnified Person shall have any liability to us or our owners, parents, affiliates, security holders or creditors for, any losses, claims, damages or liabilities (including actions or proceedings in respect thereof) (collectively “Losses”) (A) related to or arising out of (i) our actions or failures to act (including statements or omissions made, or information provided, by us or our agents) or (ii) actions or failures to act by an Indemnified Person with our consent or in reliance on our actions or failures to act, or (B) otherwise related to or arising out of the Engagement or your performance thereof, except that this clause (B) shall not apply to any Losses that are finally judicially determined to have resulted primarily from your bad faith or gross negligence or breach of the letter Agreement. If such indemnification is for any reason not available or insufficient to hold you harmless, we agree to contribute to the Losses involved in such proportion as is appropriate to reflect the relative benefits received (or anticipated to be received) by us and by you with respect to the Engagement or, if such allocation is judicially determined unavailable, in such proportion as is appropriate to reflect other equitable considerations such as the relative
 fault of us on the one hand and of you on the other hand; provided, however, that, to the extent permitted by applicable law, the Indemnified Persons shall not be
responsible for amounts which in the aggregate are in excess of the amount of all fees actually received by you from us in connection with the Engagement. Relative benefits to us, on the one hand, and you, on the other hand, with respect to the Engagement shall be deemed to be in the same proportion as (i) the total value paid or proposed to be paid or received or proposed to be received by us or our security holders, as the case may be, pursuant to the transaction(s), whether or not consummated, contemplated by the Engagement bears to (ii) all fees paid or proposed to be paid to you by us in connection with the Engagement.

We will reimburse each Indemnified Person for all expenses (including reasonable fees and disbursements of counsel) as they are incurred by such Indemnified Person in connection with investigating, preparing for or defending any action, claim, investigation, inquiry, arbitration or other proceeding (“Action”) referred to above (or enforcing this Agreement or any related engagement Agreement), whether or not in connection with pending or threatened litigation in which any Indemnified Person is a party, and whether or not such Action is initiated or brought by you. We further agree that we will not settle or compromise or consent to the entry of any judgment in any pending or threatened Action in respect of which indemnification may be sought hereunder (whether or not an Indemnified Person is a party therein) unless we have given you reasonable prior written notice thereof and used all reasonable efforts, after consultation with you, to obtain an unconditional release of each Indemnified Person from all liability arising therefrom.  In the event we are considering entering into one or a series of transactions involving a merger or other business combination or a dissolution or liquidation of all or a significant portion of our assets, we shall promptly notify you in writing. If requested by BHA, we shall then establish alternative means of providing for our obligations set forth herein on terms and conditions reasonably satisfactory to BHA.

If multiple claims are brought against you in any Action with respect to at least one of which indemnification is permitted under applicable law and provided for under this Agreement, we agree that any judgment, arbitration award or other monetary award shall be conclusively deemed to be based on claims as to which indemnification is permitted and provided for. In the event that you are called or subpoenaed to give testimony in a court of law, we agree to pay your expenses related thereto and for every day or part thereof that we are required to be there or in preparation thereof. Our obligations hereunder shall be in addition to any rights that any Indemnified Person may have at common law or otherwise. Solely for the purpose of enforcing this Agreement, we hereby consent to personal jurisdiction and to service and venue in any court in which any claim which is subject to this Agreement is brought by or against any Indemnified Person. We acknowledge that in connection with the Engagement you are acting

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as an independent contractor with duties owing solely to us. YOU HEREBY AGREE, AND WE HEREBY AGREE ON OUR OWN BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF OUR SECURITY HOLDERS, TO WAIVE ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM, COUNTER-CLAIM OR ACTION ARISING OUT OF THE ENGAGEMENT, YOUR PERFORMANCE THEREOF OR THIS AGREEMENT.

The provisions of this Agreement shall apply to the Engagement (including related activities prior to the date hereof) and any modification thereof and shall remain in full force and effect regardless of the completion or termination of the Engagement. This Agreement and any other Agreements relating to the Engagement shall be governed by and construed in accordance with the laws of the state of New York, without regard to conflicts of law principles thereof.

Very truly yours,

								
	Accepted and Agreed:

	 
	 

	 
	 
	 

	BURNHAM HILL PARTNERS LLC

	 
	VYCOR MEDICAL, INC.

	 
	 
	 
	 

	By:

	             By:

	 
	Name:  Jason Adelman

	 
	Name:  

	 
	Title:    

	 
	Title:    

-76-Exhibit 10.1

                                  AMINCOR, INC.
                      NON-QUALIFIED STOCK OPTION AGREEMENT

                                    * * * * *

Optionee:

Grant Date: April 1, 2011

Per Share Exercise Price: $1.88/SHARE

Number of Option Shares subject to this Option:

                                    * * * * *

     THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this "Agreement"), dated as of
the Grant Date specified above, is entered into by and between AMINCOR, INC., a
Nevada corporation (the "Company"), and the Optionee specified above; and

     WHEREAS, it has been determined that it would be in the best interests of
the Company to grant the non-qualified stock option provided for herein to the
Optionee;

     NOW, THEREFORE, in consideration of the mutual covenants and promises
hereinafter set forth and for other good and valuable consideration, the parties
hereto hereby mutually covenant and agree as follows:

     1. Grant of Option. The Company hereby grants to the Optionee, as of the
Grant Date specified above, a non-qualified stock option (this "Stock Option")
to acquire from the Company at the Per Share Exercise Price specified above, the
aggregate number of shares of the Company Class A Common Stock (the "Common
Stock") specified above (the "Option Shares"). This Stock Option is not to be
treated as (and is not intended to qualify as) an incentive stock option within
the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
"Code").

     2. No Dividend Equivalents. The Optionee shall not be entitled to receive a
cash payment in respect of the Option Shares underlying this Stock Option on any
dividend payment date for the Common Stock.

     3. Exercise of this Stock Option. This Stock Option shall fully vest and
become exercisable immediately on the Grant Date.
<PAGE>
     Unless earlier terminated in accordance with the terms and provisions of
this Agreement, this Stock Option shall expire and shall no longer be
exercisable after the fifth anniversary of the Grant Date (the "Option Period").
In no event shall this Stock Option be exercisable for a fractional share of
Common Stock.

     4. Method of Exercise and Payment. This Stock Option shall be exercised by
the Optionee by delivering to the Secretary of the Company or his designated
agent on any business day (the "Exercise Date") a written notice, in such manner
and form as may be required by the Company, specifying the number of the Option
Shares the Optionee then desires to acquire (the "Exercise Notice"). The
Exercise Notice shall be accompanied by payment of (i) the aggregate Per Share
Exercise Price for such number of the Option Shares to be acquired upon such
exercise and (ii) the amount necessary to cover any applicable withholding or
other taxes due upon exercise of this Stock Option. Such payment shall be made
in cash, by certified check, bank draft or money order payable to the order of
the Company or by any other method acceptable to the Company, in its sole
discretion.. The exercise of any portion of this Stock Option shall be
contingent upon the Optionee (or his or her estate or designated
beneficiary(ies)) becoming a party to, or executing, any stockholders,
shareholders or subscription agreement that the Company, in its sole discretion,
determines to be appropriate. Any such agreement may, in the sole discretion of
the Company, include drag-along rights, call rights upon termination of
employment, transfer restrictions, rights of first refusal, and any other terms
and conditions that the Company determines to be appropriate.

     5. Changes in Capitalization and Other Matters.

          5.1 No Corporate Action Restriction. The existence of this Stock
Option shall not limit, affect or restrict in any way the right or power of the
Board of Directors of the Company (the "Board") or the stockholders of the
Company to make or authorize (a) any adjustment, recapitalization,
reorganization or other change in the Company's or any subsidiary's capital
structure or its business, (b) any merger, consolidation or change in the
ownership of the Company or any subsidiary, (c) any issue of bonds, debentures,
capital, preferred or prior preference stocks ahead of or affecting the
Company's or any subsidiary's capital stock or the rights thereof, (d) any
dissolution or liquidation of the Company or any subsidiary, (e) any sale or
transfer of all or any part of the Company's or any subsidiary's assets or
business, or (f) any other corporate act or proceeding by the Company or any
Subsidiary. The Optionee shall not have any claim against any member of the
Board, the Company or any subsidiary, or any employees, officers, stockholders
or agents of the Company or any subsidiary as a result of any such action.

          5.2 Changes in Capital Structure. This Stock Option shall be subject
to adjustment or substitution, as determined by the Board in its sole
discretion, as to the number, price or kind of a share of stock or other
consideration subject to this Stock Option or as otherwise determined by the
Board to be equitable (i) in the event of changes in the outstanding stock or in
the capital structure of the Company by reason of stock or extraordinary cash
dividends, stock splits, reverse stock splits, recapitalization,
reorganizations, mergers, consolidations, combinations, exchanges, or other
relevant changes in capitalization occurring after the Grant Date or (ii) in the
event of any change in applicable laws or any change in circumstances which
results in or would result in any substantial dilution or enlargement of the

                                       2
<PAGE>

rights granted to the Optionee, or which otherwise warrants equitable adjustment
because it interferes with the intended operation of the this Stock Option. The
Company shall give each Participant notice of an adjustment hereunder and, upon
notice, such adjustment shall be conclusive and binding for all purposes.

     Notwithstanding the above, in the event of any of the following,

     A.   The Company is merged or consolidated with another corporation or
          entity;

     B.   All or substantially all of the assets of the Company are acquired by
          another person;

     C.   The reorganization or liquidation of the Company; or

     D.   The Company entering into a written agreement to undergo an event
          described in clauses A or B above;

then the Board may, in its discretion, cancel this Stock Option and cause the
Optionee to be paid, in cash or stock (including any stock of a successor or
acquirer), or any combination thereof, the value of this Stock Option, as
determined the Board, based upon the excess of the value of a share of Common
Stock over the exercise price per share (and if the exercise price equals or
exceeds the value of a share of Common Stock, then the Optionee shall not be
entitled to any payment as a result of the cancellation of this Stock Option).

     6. Administration. This Stock Option shall be administered by the Board.
The Board is authorized to construe and interpret this Agreement and to
promulgate, amend and rescind rules and regulations relating to the
implementation and administration of this Agreement. The Board shall make all
determinations necessary or advisable for the implementation and administration
of this Stock Option, including, but not limited to, interpreting this Stock
Option and correcting any technical defect(s) or technical omission(s), or
reconciling any technical inconsistency(ies) in this Agreement. Any
determination, decision or action of the Board in connection with the
construction, interpretation, administration, or implementation of this Stock
Option shall be final, conclusive and binding on the Optionee and any person(s)
claiming under or through the Optionee.

     7. Termination of Employment.

          7.1 If the Optionee's employment with the Company and/or one of its
subsidiaries terminates for any reason (other than Cause), then this Stock
Option shall terminate ninety (90) days after the date of such termination, but
not beyond the expiration of the Option Period, and thereafter this Stock Option
shall be forfeited by the Optionee and cancelled by the Company.

          7.2 If the Optionee's employment with the Company and/or one of its
subsidiaries is terminated by the Company for Cause (as defined below), then
this Stock Option shall immediately terminate on the date of such termination

                                       3
<PAGE>
and thereafter this Stock Option shall be forfeited by the Optionee and
cancelled by the Company. For purposes of this Agreement, "Cause" shall mean a
finding by the Company that Optionee has:

               (i) failed to perform his material duties as may be reasonably
assigned to him;

               (ii) engaged in negligence or misconduct in connection with or
arising out of the performance of his duties;

               (iii) been under the influence of drugs or alcohol during the
performance of his duties for the Company, or while under the influence of such
drugs or alcohol, engages in inappropriate conduct during the performance of his
duties under this Agreement;

               (iv) has been found by the Board or a committee thereof, or a
body, panel or tribunal, of competent jurisdiction to have engaged in behavior
that would constitute grounds for liability for sexual harassment (as proscribed
by the U.S. Equal Employment Opportunity Commission Guidelines, the New York
State Division of Human Rights or any other applicable state regulatory body) or
other conduct violative of laws governing the workplace; provided, that, such
finding is not subject to further appeal; or

               (v) been convicted on any felony or charge of fraud, larceny,
misappropriation of funds, embezzlement or a crime of moral depravity.

          7.3 The Board or the Committee, in its sole discretion, may determine
that all or any portion of this Stock Option may remain exercisable for an
additional specified time period after the period specified above in this
Section 7 expires (subject to any other applicable terms and provisions of this
Agreement), but not beyond the expiration of the Stock Option Period.

          7.4 If the Optionee's employer ceases to be a Subsidiary of the
Company, that event shall be deemed to constitute a termination of employment
under Section 7.1 above.

     8. Non-transferability. (i) this Stock Option, and any rights or interests
therein, shall not be sold, exchanged, transferred, assigned or otherwise
disposed of in any way at any time by the Optionee (or any beneficiary(ies) of
the Optionee), other than by testamentary disposition by the Optionee or by the
laws of descent and distribution, (ii) this Stock Option shall not be pledged,
encumbered or otherwise hypothecated in any way at any time by the Optionee (or
any beneficiary(ies) of the Optionee) and shall not be subject to execution,
attachment or similar legal process, and (iii) any attempt to sell, exchange,
pledge, transfer, assign, encumber or otherwise dispose of or hypothecate this
Stock Option, or the levy of any execution, attachment or similar legal process
upon this Stock Option, contrary to the terms of this Agreement shall be null
and void and without legal force or effect.

                                       4
<PAGE>
     9. Entire Agreement; Amendment. This Agreement contains the entire
agreement between the parties hereto with respect to the subject matter
contained herein, and supersedes all prior agreements or prior understandings,
whether written or oral, between the parties relating to stock options. The
Board or the Committee shall have the right, in its sole discretion, to modify
or amend this Agreement from time to time; provided, however, that no such
modification or amendment shall materially adversely affect the rights of the
Optionee under this Stock Option without the consent of the Optionee; provided,
further, that the Board may amend this Agreement without the consent of the
Optionee in any way it determines appropriate in order to satisfy the
requirements of Section 409A of the Code and the regulations promulgated
thereunder. This Agreement may also be modified or amended by a writing signed
by both the Company and the Optionee. The Company shall give written notice to
the Optionee of any such modification or amendment of this Agreement as soon as
practicable after the adoption thereof.

     10. Notices. Any Exercise Notice or other notice which may be required or
permitted under this Agreement shall be in writing, and shall be delivered in
person or via facsimile transmission, overnight courier service or certified
mail, return receipt requested, postage prepaid, properly addressed as follows:

          10.1 If such notice is to the Company, to the attention of the
Secretary of Amincor, Inc., 1350 Avenue of the Americas, 24th Floor, New York,
NY 10019 or at such other address as the Company, by notice to the Optionee,
shall designate in writing from time to time.

          10.2 If such notice is to the Optionee, at his or her address as shown
on the Company's records, or at such other address as the Optionee, by notice to
the Company, shall designate in writing from time to time.

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

     12. Compliance with Laws. The issuance of this Stock Option (and the Option
Shares upon exercise of this Stock Option) pursuant to this Agreement shall be
subject to, and shall comply with, any applicable requirements of any federal
and state securities laws, rules and regulations (including, without limitation,
the provisions of the Securities Act of 1933, the Securities Exchange Act of
1934 and the respective rules and regulations promulgated thereunder), any other
law or regulation applicable thereto, and the rules of any exchange upon which
the Common Stock is traded. The Company shall not be obligated to issue this
Stock Option or any of the Option Shares pursuant to this Agreement if any such
issuance would violate any such requirements.

     13. No Right to Employment. Neither the granting of this Stock Option, nor
the execution of this Agreement, shall confer upon Optionee any right to
continued employment, with the Company or any subsidiary, as the case may be,
nor shall it interfere in any way with the right, if any, of the Company or any
subsidiary to terminate the employment of Optionee at any time for any reason,
even if such termination adversely affects such this Stock Option.

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<PAGE>
     14. Binding Agreement; Assignment. This Agreement shall inure to the
benefit of, be binding upon, and be enforceable by the Company and its
successors and assigns. The Optionee shall not assign any part of this Agreement
without the prior express written consent of the Company.

     15. Withholding. The Company may, in its sole discretion and in lieu of
requiring the Optionee to pay to the Company an amount necessary to cover any
applicable withholding or other taxes due upon the exercise of this Stock
Option, permit the Optionee to satisfy the applicable withholding requirements
by deducting from any payment or settlement under this Stock Option, any
federal, state, local, foreign, or other taxes of any kind which the Company is
required to withhold.

     16. Counterparts. This Agreement may be executed in one or more
counterparts, including by facsimile or PDF, each of which shall be deemed to be
an original, but all of which shall constitute one and the same instrument.

     17. Headings. The titles and headings of the various sections of this
Agreement have been inserted for convenience of reference only and shall not be
deemed to be a part of this Agreement.

     18. Further Assurances. Each party hereto shall do and perform (or shall
cause to be done and performed) all such further acts and shall execute and
deliver all such other agreements, certificates, instruments and documents as
any party hereto reasonably may request in order to carry out the intent and
accomplish the purposes of this Agreement and the consummation of the
transactions contemplated thereunder.

     19. Severability. The invalidity or unenforceability of any provisions of
this Agreement in any jurisdiction shall not affect the validity, legality or
enforceability of the remainder of this Agreement in such jurisdiction or the
validity, legality or enforceability of any provision of this Agreement in any
other jurisdiction, it being intended that all rights and obligations of the
parties hereunder shall be enforceable to the fullest extent permitted by law.

                            [Signature Page Follows]

                                       6
<PAGE>
     IN WITNESS WHEREOF, the Company has caused this Non-Qualified Stock Option
Agreement to be executed by its duly authorized officer, and the Optionee has
hereunto set his hand, all as of the Grant Date specified above.

                                       AMINCOR, INC.

                                       By:
                                          --------------------------------------
                                       Name:
                                            ------------------------------------
                                       Title:
                                             -----------------------------------

                                       -----------------------------------------
                                       Optionee

                                       7
<PAGE>
                               NOTICE OF EXERCISE

As of the date hereof, the undersigned hereby exercises options to purchase
_____ shares of Class A common stock of Amincor, Inc. at a price of $____ per
share for an aggregate purchase price of $_____ issued pursuant to a
Non-Qualified Stock Option Agreement between Amincor, Inc. and the undersigned
dated as of _______________.

                                       -----------------------------------------
                                       Name of Optionee:

                                       Dated:

                                       8

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