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                                                                   Exhibit 10.21

                       [FORM OF INDEMNIFICATION AGREEMENT]

                       HEALTH BENEFITS DIRECT CORPORATION

                 DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENT

         This  Director  and  Officer  Indemnification  Agreement,  dated  as of
November 10, 2005 (this  "AGREEMENT"),  is made by and between  Health  Benefits
Direct Corporation, a Delaware corporation (the "COMPANY"), and Anthony R. Verdi
(the "INDEMNITEE").

                                    RECITALS:

         A. Section 141 of the Delaware  General  Corporation  Law provides that
the  business  and  affairs  of a  corporation  shall be managed by or under the
direction of its board of directors.

         B. By virtue of the managerial prerogatives vested in the directors and
officers of a Delaware corporation, directors and officers act as fiduciaries of
the corporation and its stockholders.

         C. Thus, it is critically important to the Company and its stockholders
that  the  Company  be able to  attract  and  retain  the most  capable  persons
reasonably available to serve as directors and officers of the Company.

         D. In  recognition  of the need for  corporations  to be able to induce
capable and  responsible  persons to accept  positions in corporate  management,
Delaware  law  authorizes  (and  in some  instances  requires)  corporations  to
indemnify their directors and officers,  and further authorizes  corporations to
purchase and maintain insurance for the benefit of their directors and officers.

         E. The  Delaware  courts  have  recognized  that  indemnification  by a
corporation  serves the dual  policies of (1)  allowing  corporate  officials to
resist unjustified  lawsuits,  secure in the knowledge that, if vindicated,  the
corporation  will bear the expense of litigation,  and (2)  encouraging  capable
women  and men to serve as  corporate  directors  and  officers,  secure  in the
knowledge that the corporation  will absorb the costs of defending their honesty
and integrity.

         F. The number of  lawsuits  challenging  the  judgment  and  actions of
directors and officers of Delaware  corporations,  the costs of defending  those
lawsuits and the threat to personal  assets have all  materially  increased over
the past several  years,  chilling the  willingness  of capable women and men to
undertake the responsibilities imposed on corporate directors and officers.

         G. Recent federal  legislation  and rules adopted by the Securities and
Exchange  Commission  and the national  securities  exchanges  have exposed such
directors and officers to new and substantially broadened civil liabilities.

         H. Under Delaware law, a director's or officer's right to be reimbursed
for the costs of defense of criminal  actions,  whether such claims are asserted
under  state or  federal  law,  does not  depend  upon the  merits of the claims
asserted  against the director or officer and is separate and distinct  from any
right to indemnification the director may be able to establish.

         I.  Indemnitee is, or will be, a director and/or officer of the Company
and  his or her  willingness  to  serve  in  such  capacity  is  predicated,  in
substantial  part,  upon the  Company's  willingness  to indemnify him or her in
accordance with the principles  reflected above, to the fullest extent permitted
by the laws of the State of Delaware,  and upon the other undertakings set forth
in this Agreement.

         J.  Therefore,  in recognition of the need to provide  Indemnitee  with
substantial   protection  against  personal  liability,   in  order  to  procure
Indemnitee's  continued  service as a director and/or officer of the Company and
to enhance Indemnitee's ability to serve the Company in an effective manner, and
in  order to  provide  such  protection  pursuant  to  express  contract  rights
(intended to be enforceable  irrespective of, among other things,  any amendment
to the Company's  certificate  of  incorporation  or bylaws  (collectively,  the
"CONSTITUENT  DOCUMENTS"),  any change in the composition of the Company's Board
of Directors  (the  "BOARD") or any  change-in-control  or business  combination
transaction  relating to the  Company),  the  Company  wishes to provide in this
Agreement for the  indemnification  and advancement of Expenses to Indemnitee on
the terms, and subject to the conditions, set forth in this Agreement.

         K.  In  light  of  the  considerations  referred  to in  the  preceding
recitals,  it is the Company's  intention and desire that the provisions of this
Agreement be construed  liberally,  subject to their express terms,  to maximize
the protections to be provided to Indemnitee hereunder.

AGREEMENT:

         NOW, THEREFORE, the parties hereby agree as follows:

         1. CERTAIN DEFINITIONS.  In addition to terms defined elsewhere herein,
the following terms have the following meanings when used in this Agreement with
initial capital letters:

            (a) "CHANGE IN CONTROL" shall have occurred at such time, if any, as
Incumbent  Directors cease for any reason to constitute a majority of Directors.
For purposes of this Section 1(a),  "INCUMBENT  DIRECTORS" means the individuals
who, as of the date  hereof,  are  Directors  of the Company and any  individual
becoming a Director subsequent to the date hereof whose election, nomination for
election by the Company's stockholders,  or appointment,  was approved by a vote
of at least a majority  of the then  Incumbent  Directors  (either by a specific
vote or by approval of the proxy  statement  of the Company in which such person
is named as a nominee  for  director,  without  objection  to such  nomination);
PROVIDED, HOWEVER, that an individual shall not be an Incumbent Director if such
individual's  election  or  appointment  to the  Board  occurs as a result of an
actual or threatened  election  contest (as  described in Rule  14a-12(c) of the
Securities  Exchange  Act of 1934,  as amended)  with respect to the election or
removal of directors or other actual or  threatened  solicitation  of proxies or
consents by or on behalf of a Person other than the Board.

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            (b) "CLAIM" means (i) any threatened, asserted, pending or completed
claim,   demand,   action,   suit  or  proceeding,   whether  civil,   criminal,
administrative,  arbitrative,  investigative or other, and whether made pursuant
to federal,  state or other law; and (ii) any inquiry or investigation,  whether
made,  instituted  or conducted by the Company or any other  Person,  including,
without  limitation,  any  federal,  state or other  governmental  entity,  that
Indemnitee  reasonably  determines  might  lead to the  institution  of any such
claim,  demand,  action,  suit or  proceeding.  For the avoidance of doubt,  the
Company intends indemnity to be provided hereunder in respect of acts or failure
to act prior to, on or after the date hereof.

            (c) "CONTROLLED AFFILIATE" means any corporation,  limited liability
company,  partnership,  joint  venture,  trust or other  entity  or  enterprise,
whether or not for  profit,  that is directly or  indirectly  controlled  by the
Company.  For  purposes  of this  definition,  "CONTROL"  means the  possession,
directly or  indirectly,  of the power to direct or cause the  direction  of the
management or policies of an entity or enterprise, whether through the ownership
of voting  securities,  through other voting  rights,  by contract or otherwise;
PROVIDED that direct or indirect beneficial  ownership of capital stock or other
interests in an entity or enterprise entitling the holder to cast 15% or more of
the total  number of votes  generally  entitled  to be cast in the  election  of
directors  (or  persons  performing  comparable  functions)  of such  entity  or
enterprise  shall  be  deemed  to  constitute   control  for  purposes  of  this
definition.

            (d) "DISINTERESTED  DIRECTOR" means a director of the Company who is
not and was not a party to the  Claim in  respect  of which  indemnification  is
sought by Indemnitee.

            (e) "EXPENSES"  means  attorneys' and experts' fees and expenses and
all other costs and expenses paid or payable in connection  with  investigating,
defending,  being a witness in or  participating  in (including  on appeal),  or
preparing to investigate,  defend,  be a witness in or participate in (including
on appeal), any Claim.

            (f) "INDEMNIFIABLE CLAIM" means any Claim based upon, arising out of
or resulting from (i) any actual,  alleged or suspected act or failure to act by
Indemnitee in his or her capacity as a director,  officer,  employee or agent of
the Company or as a director,  officer,  employee,  member, manager,  trustee or
agent of any other corporation,  limited liability company,  partnership,  joint
venture,  trust or other entity or enterprise,  whether or not for profit, as to
which  Indemnitee  is or was  serving at the  request of the  Company,  (ii) any
actual,  alleged or suspected  act or failure to act by Indemnitee in respect of
any business, transaction,  communication,  filing, disclosure or other activity
of the Company or any other  entity or  enterprise  referred to in clause (i) of
this sentence,  or (iii)  Indemnitee's  status as a current or former  director,
officer,  employee or agent of the  Company or as a current or former  director,
officer, employee, member, manager, trustee or agent of the Company or any other
entity or  enterprise  referred to in clause (i) of this sentence or any actual,
alleged or suspected act or failure to act by Indemnitee in connection  with any
obligation or restriction  imposed upon Indemnitee by reason of such status.  In
addition to any service at the actual  request of the  Company,  for purposes of
this  Agreement,  Indemnitee  shall be deemed to be serving or to have served at
the request of the Company as a director,  officer,  employee,  member, manager,
trustee or agent of another entity or enterprise if Indemnitee is or was serving
as a director,  officer,  employee,  member,  manager,  agent,  trustee or other
fiduciary of such entity or  enterprise  and (i) such entity or enterprise is or

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at the time of such  service  was a  Controlled  Affiliate,  (ii) such entity or
enterprise  is or at the time of such  service was an employee  benefit plan (or
related trust) sponsored or maintained by the Company or a Controlled Affiliate,
or (iii) the  Company or a  Controlled  Affiliate  (by action of the Board,  any
committee  thereof or the Company's Chief Executive  Officer ("CEO") (other than
as the CEO him or herself))  caused or  authorized  Indemnitee  to be nominated,
elected, appointed,  designated,  employed, engaged or selected to serve in such
capacity.

            (g)  "INDEMNIFIABLE  LOSSES"  means any and all Losses  relating to,
arising out of or resulting from any  Indemnifiable  Claim;  PROVIDED,  HOWEVER,
that  Indemnifiable  Losses shall not include  Losses  incurred by Indemnitee in
respect of any Indemnifiable  Claim (or any matter or issue therein) as to which
Indemnitee  shall have been adjudged  liable to the Company,  unless and only to
the  extent  that the  Delaware  Court of  Chancery  or the court in which  such
Indemnifiable  Claim was brought shall have  determined upon  application  that,
despite the  adjudication of liability but in view of all the  circumstances  of
the case,  Indemnitee is fairly and reasonably  entitled to indemnification  for
such Expenses as the court shall deem proper.

            (h) "INDEPENDENT COUNSEL" means a nationally recognized law firm, or
a member of a nationally  recognized law firm, that is experienced in matters of
Delaware  corporate law and neither presently is, nor in the past five years has
been,  retained to represent:  (i) the Company (or any subsidiary) or Indemnitee
in any matter  material to either such party (other than with respect to matters
concerning the Indemnitee under this Agreement,  or of other  indemnitees  under
similar  indemnification  agreements)  or (ii)  any  other  named  (or,  as to a
threatened  matter,  reasonably  likely to be named) party to the  Indemnifiable
Claim giving rise to a claim for indemnification hereunder.  Notwithstanding the
foregoing,  the term  "Independent  Counsel"  shall not  include any person who,
under the applicable  standards of professional  conduct then prevailing,  would
have a conflict of interest in representing  either the Company or Indemnitee in
an action to determine Indemnitee's rights under this Agreement.

            (i)  "LOSSES"   means  any  and  all  Expenses,   damages,   losses,
liabilities,  judgments, fines, penalties (whether civil, criminal or other) and
amounts  paid or payable  in  settlement,  including,  without  limitation,  all
interest, assessments and other charges paid or payable in connection with or in
respect of any of the foregoing.

            (j)  "PERSON"  means any  individual,  entity or group,  within  the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities  Exchange Act of 1934,
as amended.

            (k)  "STANDARD  OF  CONDUCT"  means  the  standard  for  conduct  by
Indemnitee  that is a  condition  precedent  to  indemnification  of  Indemnitee
hereunder against  Indemnifiable Losses relating to, arising out of or resulting
from an  Indemnifiable  Claim.  The  Standard of Conduct is (i) good faith and a
reasonable  belief by  Indemnitee  that his action was in or not  opposed to the
best  interests  of the Company  and,  with  respect to any  criminal  action or
proceeding,  that Indemnitee had no reasonable cause to believe that his conduct
was  unlawful,  or (ii)  any  other  applicable  standard  of  conduct  that may
hereafter be  substituted  under Section  145(a) or (b) of the Delaware  General
Corporation Law or any successor to such provision(s).

                                       4

         2.  INDEMNIFICATION  OBLIGATION.  Subject  only to Section 7 and to the
proviso in this Section,  the Company shall indemnify,  defend and hold harmless
Indemnitee, to the fullest extent permitted or required by the laws of the State
of  Delaware  in effect on the date hereof or as such laws may from time to time
hereafter  be amended to increase the scope of such  permitted  indemnification,
against any and all  Indemnifiable  Claims and Indemnifiable  Losses;  PROVIDED,
HOWEVER, that, except as provided in Section 5, Indemnitee shall not be entitled
to  indemnification  pursuant to this Agreement in connection with (i) any Claim
initiated  by  Indemnitee  against the Company or any director or officer of the
Company  unless the Company has joined in or consented to the initiation of such
Claim, or (ii) the purchase and sale by Indemnitee of securities in violation of
Section 16(b) of the  Securities  Exchange Act of 1934, as amended.  The Company
acknowledges that the foregoing obligation may be broader than that now provided
by applicable law and the Company's Constituent Documents and intends that it be
interpreted consistently with this Section and the recitals to this Agreement.

         3.  ADVANCEMENT  OF  EXPENSES.  Indemnitee  shall  have  the  right  to
advancement by the Company prior to the final  disposition of any  Indemnifiable
Claim of any and all actual and reasonable  Expenses relating to, arising out of
or  resulting  from any  Indemnifiable  Claim paid or  incurred  by  Indemnitee.
Without  limiting  the  generality  or  effect of any  other  provision  hereof,
Indemnitee's right to such advancement is not subject to the satisfaction of any
Standard of Conduct. Without limiting the generality or effect of the foregoing,
within five business days after any request by Indemnitee that is accompanied by
supporting  documentation for specific  reasonable  Expenses to be reimbursed or
advanced,  the Company  shall,  in  accordance  with such  request  (but without
duplication),  (a) pay such  Expenses  on behalf of  Indemnitee,  (b) advance to
Indemnitee funds in an amount sufficient to pay such Expenses,  or (c) reimburse
Indemnitee  for such Expenses;  PROVIDED that  Indemnitee  shall repay,  without
interest,  any  amounts  actually  advanced  to  Indemnitee  that,  at the final
disposition of the  Indemnifiable  Claim to which the advance  related,  were in
excess of amounts paid or payable by Indemnitee in respect of Expenses  relating
to, arising out of or resulting  from such  Indemnifiable  Claim.  In connection
with any such  payment,  advancement  or  reimbursement,  at the  request of the
Company,  Indemnitee  shall  execute and deliver to the Company an  undertaking,
which  need  not  be  secured  and  shall  be  accepted  without   reference  to
Indemnitee's  ability to repay the Expenses,  by or on behalf of the Indemnitee,
to repay any amounts  paid,  advanced or reimbursed by the Company in respect of
Expenses relating to, arising out of or resulting from any  Indemnifiable  Claim
in  respect  of  which  it shall  have  been  determined,  following  the  final
disposition of such  Indemnifiable  Claim and in accordance with Section 7, that
Indemnitee is not entitled to indemnification hereunder.

         4.  INDEMNIFICATION  FOR  ADDITIONAL  EXPENSES.  Without  limiting  the
generality  or effect of the  foregoing,  the Company  shall  indemnify and hold
harmless  Indemnitee  against and, if requested by Indemnitee,  shall  reimburse
Indemnitee  for, or advance to  Indemnitee,  within five  business  days of such
request  accompanied  by supporting  documentation  for specific  Expenses to be
reimbursed  or  advanced,  any and all actual and  reasonable  Expenses  paid or
incurred  by  Indemnitee  in  connection  with any  Claim  made,  instituted  or
conducted by Indemnitee  for (a)  indemnification  or  reimbursement  or advance
payment of Expenses by the Company  under any  provision of this  Agreement,  or
under any other  agreement  or  provision of the  Constituent  Documents  now or
hereafter in effect relating to Indemnifiable  Claims, and/or (b) recovery under
any  directors' and officers'  liability  insurance  policies  maintained by the

                                       5

Company;  PROVIDED,  HOWEVER, if it is ultimately determined that the Indemnitee
is not  entitled to such  indemnification,  reimbursement,  advance or insurance
recovery,  as the case may be, then the  Indemnitee  shall be obligated to repay
any such Expenses to the Company;  PROVIDED  FURTHER,  that,  regardless in each
case of whether  Indemnitee  ultimately  is  determined  to be  entitled to such
indemnification,  reimbursement,  advance or insurance recovery, as the case may
be, Indemnitee shall return,  without interest, any such advance of Expenses (or
portion thereof) which remains unspent at the final  disposition of the Claim to
which the advance related.

         5. PARTIAL INDEMNITY.  If Indemnitee is entitled under any provision of
this  Agreement to  indemnification  by the Company for some or a portion of any
Indemnifiable  Loss but not for all of the total  amount  thereof,  the  Company
shall  nevertheless  indemnify  Indemnitee  for the  portion  thereof  to  which
Indemnitee is entitled.

         6. PROCEDURE FOR  NOTIFICATION.  To obtain  indemnification  under this
Agreement in respect of an Indemnifiable Claim or Indemnifiable Loss, Indemnitee
shall  submit to the  Company a written  request  therefore,  including  a brief
description  (based upon  information  then  available  to  Indemnitee)  of such
Indemnifiable  Claim or  Indemnifiable  Loss.  If, at the time of the receipt of
such request,  the Company has directors' and officers'  liability  insurance in
effect under which coverage for such  Indemnifiable  Claim or Indemnifiable Loss
is potentially  available,  the Company shall give prompt written notice of such
Indemnifiable  Claim  or  Indemnifiable  Loss  to  the  applicable  insurers  in
accordance with the procedures set forth in the applicable policies. The Company
shall  thereafter take all necessary or desirable  action to cause such insurers
to pay, on behalf of the Indemnitee,  all Indemnifiable Claims and Indemnifiable
Losses in accordance with the terms of such policies.  The Company shall provide
to  Indemnitee  a copy of such  notice  delivered  to the  applicable  insurers,
substantially concurrently with the delivery thereof by the Company. The failure
by  Indemnitee  to timely  notify  the  Company  of any  Indemnifiable  Claim or
Indemnifiable  Loss shall not relieve the Company from any  liability  hereunder
unless, and only to the extent that, the Company did not otherwise learn of such
Indemnifiable  Claim or  Indemnifiable  Loss and to the extent that such failure
results  in  forfeiture  by the  Company  of  substantial  defenses,  rights  or
insurance coverage.

         7. DETERMINATION OF RIGHT TO INDEMNIFICATION.

            (a) To the extent that Indemnitee  shall have been successful on the
merits or otherwise in defense of any Indemnifiable Claim or any portion thereof
or in defense of any issue or matter  therein,  including,  without  limitation,
dismissal  without  prejudice,  Indemnitee  shall  be  indemnified  against  all
Indemnifiable  Losses  relating  to,  arising  out  of or  resulting  from  such
Indemnifiable  Claim in  accordance  with  Section 2 and no  Standard of Conduct
Determination (as defined in Section 7(b)) shall be required.

            (b)  To  the  extent  that  the   provisions  of  Section  7(a)  are
inapplicable to an Indemnifiable Claim that shall have been finally disposed of,
any determination of whether Indemnitee has satisfied the applicable Standard of
Conduct (a "STANDARD OF CONDUCT DETERMINATION") shall be made as follows: (i) if
a Change in Control  shall not have  occurred,  or if a Change in Control  shall
have occurred but  Indemnitee  shall have requested that the Standard of Conduct
Determination be made pursuant to this clause (i), (A) by a majority vote of the
Disinterested  Directors,  even if less than a quorum of the Board,  (B) if such

                                       6

Disinterested  Directors  so  direct,  by a  majority  vote  of a  committee  of
Disinterested  Directors  designated  by a  majority  vote of all  Disinterested
Directors, or (C) if there are no such Disinterested Directors, or if a majority
of the Disinterested  Directors so direct,  by Independent  Counsel in a written
opinion  addressed  to  the  Board,  a copy  of  which  shall  be  delivered  to
Indemnitee;  and (ii) if a Change in Control shall have occurred and  Indemnitee
shall not have  requested  that the  Standard of Conduct  Determination  be made
pursuant  to clause  (i) above,  by  Independent  Counsel  in a written  opinion
addressed to the Board, a copy of which shall be delivered to Indemnitee.

            (c) If (i) Indemnitee shall be entitled to indemnification hereunder
against any Indemnifiable Losses pursuant to Section 7(a), (ii) no determination
of whether  Indemnitee  has satisfied any  applicable  standard of conduct under
Delaware law is a legally required  condition  precedent to  indemnification  of
Indemnitee  hereunder against any Indemnifiable  Losses, or (iii) Indemnitee has
been  determined  or deemed  pursuant  to  Section  7(b) to have  satisfied  the
applicable Standard of Conduct, then the Company shall pay to Indemnitee, within
five  business days after the later of (x) the  Notification  Date in respect of
the Indemnifiable  Claim or portion thereof to which such  Indemnifiable  Losses
are  related,  out of which such  Indemnifiable  Losses arose or from which such
Indemnifiable Losses resulted, and (y) the earliest date on which the applicable
criterion  specified  in  clause  (i),  (ii) or  (iii)  above  shall  have  been
satisfied,  an amount equal to the amount of such Indemnifiable Losses.  Nothing
herein is intended to mean or imply that the Company is intending to use Section
145(f) of the Delaware  General  Corporation  Law to dispense with a requirement
that  Indemnitee  meet the applicable  Standard of Conduct where it is otherwise
required by such statute.

            (d) If a Standard  of Conduct  Determination  is required to be, but
has not been,  made by  Independent  Counsel  pursuant to Section  7(b)(i),  the
Independent  Counsel shall be selected by the Board or a committee of the Board,
and the Company shall give written  notice to Indemnitee  advising him or her of
the identity of the  Independent  Counsel so selected.  If a Standard of Conduct
Determination  is required to be, or to have been,  made by Independent  Counsel
pursuant  to Section  7(b)(ii),  the  Independent  Counsel  shall be selected by
Indemnitee,  and Indemnitee shall give written notice to the Company advising it
of the  identity  of the  Independent  Counsel  so  selected.  In  either  case,
Indemnitee or the Company,  as applicable,  may, within five business days after
receiving  written  notice of selection  from the other,  deliver to the other a
written objection to such selection;  PROVIDED, HOWEVER, that such objection may
be asserted only on the ground that the Independent Counsel so selected does not
satisfy the criteria set forth in the  definition  of  "Independent  Counsel" in
Section 1(h), and the objection shall set forth with  particularity  the factual
basis of such  assertion.  Absent a proper and timely  objection,  the Person so
selected shall act as Independent Counsel. If such written objection is properly
and timely made and substantiated,  (i) the Independent  Counsel so selected may
not serve as Independent Counsel unless and until such objection is withdrawn or
a court  has  determined  that  such  objection  is  without  merit and (ii) the
non-objecting  party  may,  at its  option,  select an  alternative  Independent
Counsel and give written  notice to the other party advising such other party of
the identity of the alternative  Independent Counsel so selected,  in which case
the provisions of the two immediately preceding sentences and clause (i) of this
sentence shall apply to such subsequent selection and notice. If applicable, the
provisions of clause (ii) of the immediately  preceding  sentence shall apply to
successive alternative  selections.  If no Independent Counsel that is permitted
under the  foregoing  provisions  of this  Section  7(d) to make the Standard of

                                       7

Conduct Determination shall have been selected within 30 calendar days after the
Company gives its initial notice  pursuant to the first sentence of this Section
7(d) or Indemnitee  gives its initial notice  pursuant to the second sentence of
this Section  7(d),  as the case may be,  either the Company or  Indemnitee  may
petition  the Court of Chancery of the State of Delaware for  resolution  of any
objection which shall have been made by the Company or Indemnitee to the other's
selection of  Independent  Counsel  and/or for the  appointment  as  Independent
Counsel of a person or firm selected by the Court or by such other person as the
Court  shall  designate,  and  the  person  or firm  with  respect  to whom  all
objections  are so  resolved  or the  person  or firm so  appointed  will act as
Independent  Counsel. In all events, the Company shall pay all of the actual and
reasonable fees and expenses of the Independent  Counsel  incurred in connection
with the Independent Counsel's determination pursuant to Section 7(b).

         8. COOPERATION.  Indemnitee shall cooperate with reasonable requests of
the Company in connection  with any  Indemnifiable  Claim and any  individual or
firm making such Standard of Conduct Determination,  including providing to such
Person  documentation  or  information  which  is not  privileged  or  otherwise
protected from  disclosure  and which is reasonably  available to Indemnitee and
reasonably  necessary to defend the Indemnifiable  Claim or make any Standard of
Conduct  Determination  without  incurring any  unreimbursed  cost in connection
therewith. The Company shall indemnify and hold harmless Indemnitee against and,
if  requested  by  Indemnitee,  shall  reimburse  Indemnitee  for, or advance to
Indemnitee,  within five business days of such request accompanied by supporting
documentation for specific costs and expenses to be reimbursed or advanced,  any
and all costs and expenses (including attorneys' and experts' fees and expenses)
actually and reasonably incurred by Indemnitee in so cooperating with the Person
defending   the   Indemnifiable   Claim  or  making  such  Standard  of  Conduct
Determination.

         9.  PRESUMPTION OF  ENTITLEMENT.  Notwithstanding  any other  provision
hereof, in making any Standard of Conduct Determination,  the Person making such
determination  shall  presume  that  Indemnitee  has  satisfied  the  applicable
Standard of Conduct.

         10.  NO  OTHER  PRESUMPTION.   For  purposes  of  this  Agreement,  the
termination of any Claim by judgment, order, settlement (whether with or without
court  approval)  or  conviction,  or  upon a plea  of  nolo  contendere  or its
equivalent,  will not  create a  presumption  that  Indemnitee  did not meet any
applicable  Standard of Conduct or that  indemnification  hereunder is otherwise
not permitted.

         11.  NON-EXCLUSIVITY.  The rights of  Indemnitee  hereunder  will be in
addition  to  any  other  rights  Indemnitee  may  have  under  the  Constituent
Documents,   or  the   substantive   laws  of  the  Company's   jurisdiction  of
incorporation,  any other contract or otherwise (collectively,  "OTHER INDEMNITY
PROVISIONS");  PROVIDED,  HOWEVER,  that  (a)  to  the  extent  that  Indemnitee
otherwise  would  have any  greater  right to  indemnification  under  any Other
Indemnity  Provision,  Indemnitee  will without further action be deemed to have
such greater right  hereunder,  and (b) to the extent that any change is made to
any Other Indemnity Provision which permits any greater right to indemnification
than that provided under this Agreement as of the date hereof,  Indemnitee  will
be deemed to have such greater right hereunder. The Company may not, without the

                                       8

consent of Indemnitee,  adopt any amendment to any of the Constituent  Documents
the effect of which would be to deny, diminish or encumber Indemnitee's right to
indemnification under this Agreement.

         12. LIABILITY  INSURANCE AND FUNDING.  For the duration of Indemnitee's
service as a director and/or officer of the Company and for a reasonable  period
of time thereafter,  which such period shall be determined by the Company in its
sole discretion,  the Company shall use commercially  reasonable efforts (taking
into  account  the scope and amount of coverage  available  relative to the cost
thereof)  to cause  to be  maintained  in  effect  policies  of  directors'  and
officers'  liability  insurance providing coverage for directors and/or officers
of the Company,  and, if applicable,  that is substantially  comparable in scope
and amount to that provided by the Company's  current policies of directors' and
officers'  liability  insurance.  Upon  reasonable  request,  the Company  shall
provide  Indemnitee  or his or her  counsel  with a copy of all  directors'  and
officers' liability insurance  applications,  binders,  policies,  declarations,
endorsements  and other related  materials.  In all policies of  directors'  and
officers' liability insurance obtained by the Company, Indemnitee shall be named
as an  insured  in such a manner as to provide  Indemnitee  the same  rights and
benefits,  subject to the same  limitations,  as are  accorded to the  Company's
directors and officers most  favorably  insured by such policy.  Notwithstanding
the foregoing, (i) the Company may, but shall not be required to, create a trust
fund,  grant  a  security  interest  or  use  other  means,  including,  without
limitation,  a letter of credit, to ensure the payment of such amounts as may be
necessary to satisfy its obligations to indemnify and advance expenses  pursuant
to this  Agreement  and (ii) in  renewing  or  seeking  to renew  any  insurance
hereunder,  the  Company  will not be required to expend more than 2.0 times the
premium amount of the immediately preceding policy period (equitably adjusted if
necessary to reflect differences in policy periods).

         13.  SUBROGATION.  In the event of payment  under this  Agreement,  the
Company  shall be subrogated to the extent of such payment to all of the related
rights of recovery of Indemnitee  against other Persons (other than Indemnitee's
successors), including any entity or enterprise referred to in clause (i) of the
definition of  "Indemnifiable  Claim" in Section 1(f).  Indemnitee shall execute
all papers  reasonably  required  to evidence  such rights (all of  Indemnitee's
reasonable Expenses,  including attorneys' fees and charges,  related thereto to
be reimbursed by or, at the option of Indemnitee, advanced by the Company).

         14. NO DUPLICATION  OF PAYMENTS.  The Company shall not be liable under
this Agreement to make any payment to Indemnitee in respect of any Indemnifiable
Losses to the extent  Indemnitee has otherwise already actually received payment
(net of Expenses  incurred in connection  therewith) under any insurance policy,
the Constituent Documents and Other Indemnity Provisions or otherwise (including
from any entity or  enterprise  referred to in clause (i) of the  definition  of
"Indemnifiable  Claim" in Section 1(f)) in respect of such Indemnifiable  Losses
otherwise indemnifiable hereunder.

         15. DEFENSE OF CLAIMS. Subject to the provisions of applicable policies
of directors' and officers'  liability  insurance,  if any, the Company shall be
entitled to participate in the defense of any  Indemnifiable  Claim or to assume
or  lead  the  defense  thereof  with  counsel  reasonably  satisfactory  to the
Indemnitee;  PROVIDED that if Indemnitee  determines,  after  consultation  with
counsel  selected  by  Indemnitee,  that (a) the use of  counsel  chosen  by the
Company to  represent  Indemnitee  would  present such counsel with an actual or
potential  conflict,  (b) the  named  parties  in any such  Indemnifiable  Claim

                                       9

(including  any impleaded  parties)  include both the Company and Indemnitee and
Indemnitee shall conclude that there may be one or more legal defenses available
to him or her that are different  from or in addition to those  available to the
Company,  (c) any such  representation  by such counsel would be precluded under
the  applicable  standards  of  professional  conduct  then  prevailing,  or (d)
Indemnitee  has  interests in the claim or  underlying  subject  matter that are
different  from or in addition to those of other Persons  against whom the Claim
has been made or might  reasonably be expected to be made, then Indemnitee shall
be entitled to retain separate  counsel (but not more than one law firm plus, if
applicable,  local counsel in respect of any particular  Indemnifiable Claim for
all indemnitees in Indemnitee's  circumstances)  at the Company's  expense.  The
Company shall not be liable to Indemnitee  under this  Agreement for any amounts
paid in settlement of any  threatened or pending  Indemnifiable  Claim  effected
without the Company's prior written consent.  The Company shall not, without the
prior written consent of the Indemnitee, effect any settlement of any threatened
or pending  Indemnifiable  Claim  which the  Indemnitee  is or could have been a
party unless such settlement solely involves the payment of money and includes a
complete and  unconditional  release of the Indemnitee from all liability on any
claims  that are the subject  matter of such  Indemnifiable  Claim.  Neither the
Company nor Indemnitee shall  unreasonably  withhold its consent to any proposed
settlement; PROVIDED that Indemnitee may withhold consent to any settlement that
does not provide a complete and unconditional release of Indemnitee.

         16.  MUTUAL  ACKNOWLEDGMENT.   Both  the  Company  and  the  Indemnitee
acknowledge that in certain  instances,  Federal law or applicable public policy
may prohibit the Company from indemnifying its directors and officers under this
Agreement or otherwise. Indemnitee understands and acknowledges that the Company
may be  required  in the future to  undertake  to the  Securities  and  Exchange
Commission  to submit  the  question  of  indemnification  to a court in certain
circumstances  for a determination of the Company's right under public policy to
indemnify  Indemnitee  and,  in that  event,  the  Indemnitee's  rights  and the
Company's obligations hereunder shall be subject to that determination.

         17. SUCCESSORS AND BINDING AGREEMENT.

             (a) This  Agreement  shall be binding upon and inure to the benefit
of the Company and any successor to the Company, including,  without limitation,
any Person  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 will  thereafter be deemed the
"Company" for purposes of this Agreement), but shall not otherwise be assignable
or delegatable by the Company.

             (b) This Agreement shall inure to the benefit of and be enforceable
by   the   Indemnitee's   personal   or   legal   representatives,    executors,
administrators, heirs, distributees, legatees and other successors.

             (c) This Agreement is personal in nature and neither of the parties
hereto  shall,  without  the  consent  of the  other,  assign or  delegate  this
Agreement or any rights or obligations hereunder except as expressly provided in
Sections  17(a) and 17(b).  Without  limiting  the  generality  or effect of the
foregoing,  Indemnitee's  right  to  receive  payments  hereunder  shall  not be

                                       10

assignable,  whether by pledge,  creation of a security  interest or  otherwise,
other than by a transfer by the Indemnitee's  will or by the laws of descent and
distribution, and, in the event of any attempted assignment or transfer contrary
to this Section 17(c),  the Company shall have no liability to pay any amount so
attempted to be assigned or transferred.

             18.   NOTICES.   For   all   purposes   of  this   Agreement,   all
communications,  including without  limitation  notices,  consents,  requests or
approvals,  required or permitted to be given  hereunder  must be in writing and
shall be deemed to have been duly given when hand  delivered  or  dispatched  by
electronic  facsimile  transmission (with receipt thereof orally confirmed),  or
one business  day after  having been sent for next-day  delivery by a nationally
recognized overnight courier service, addressed to the Company (to the attention
of the  Secretary of the Company) and to Indemnitee  at the  applicable  address
shown on the  signature  page hereto,  or to such other address as any party may
have furnished to the other in writing and in accordance  herewith,  except that
notices of changes of address will be effective only upon receipt.

             19. GOVERNING LAW. The validity,  interpretation,  construction and
performance of this  Agreement  shall be governed by and construed in accordance
with the substantive laws of the State of Delaware, without giving effect to the
principles of conflict of laws of such State.  The Company and  Indemnitee  each
hereby  irrevocably  consent to the  jurisdiction  of the Chancery  Court of the
State of Delaware for all purposes in  connection  with any action or proceeding
which  arises  out  of or  relates  to  this  Agreement,  waive  all  procedural
objections  to  suit  in  that  jurisdiction,   including,  without  limitation,
objections as to venue or  inconvenience,  agree that service in any such action
may be made by notice  given in  accordance  with Section 18 and also agree that
any action instituted under this Agreement shall be brought only in the Chancery
Court of the State of Delaware.

             20. VALIDITY. If any provision of this Agreement or the application
of  any  provision  hereof  to any  Person  or  circumstance  is  held  invalid,
unenforceable  or otherwise  illegal,  the  remainder of this  Agreement and the
application of such provision to any other Person or  circumstance  shall not be
affected,  and the provision so held to be invalid,  unenforceable  or otherwise
illegal  shall be reformed to the extent,  and only to the extent,  necessary to
make it  enforceable,  valid or  legal.  In the  event  that any  court or other
adjudicative  body shall decline to reform any provision of this  Agreement held
to be  invalid,  unenforceable  or  otherwise  illegal  as  contemplated  by the
immediately  preceding sentence,  the parties thereto shall take all such action
as may be  necessary  or  appropriate  to replace  the  provision  so held to be
invalid,  unenforceable  or  otherwise  illegal  with  one or  more  alternative
provisions that effectuate the purpose and intent of the original  provisions of
this  Agreement as fully as possible  without being  invalid,  unenforceable  or
otherwise illegal.

             21.  MISCELLANEOUS.  No provision of this  Agreement may be waived,
modified or discharged  unless such waiver,  modification or discharge is agreed
to in writing  signed by Indemnitee  and the Company.  No waiver by either party
hereto at any time of any breach by the other party  hereto or  compliance  with
any condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of similar or  dissimilar  provisions  or conditions at
the same or at any prior or subsequent  time. No agreements or  representations,
oral or  otherwise,  expressed  or implied  with  respect to the subject  matter
hereof have been made by either  party that are not set forth  expressly in this
Agreement.

                                       11

             22.  CERTAIN  INTERPRETIVE  MATTERS.  Unless  the  context  of this
Agreement otherwise  requires,  (1) "it" or "its" or words of any gender include
each other  gender,  (2) words using the singular or plural  number also include
the plural or singular number,  respectively,  (3) the terms "hereof," "herein,"
"hereby" and derivative or similar words refer to this entire Agreement, (4) the
terms "Article," "Section," "Annex" or "Exhibit" refer to the specified Article,
Section,  Annex or Exhibit  of or to this  Agreement,  (5) the terms  "include,"
"includes" and  "including"  will be deemed to be followed by the words "without
limitation" (whether or not so expressed),  and (6) the word "or" is disjunctive
but not  exclusive.  Whenever this  Agreement  refers to a number of days,  such
number  will refer to calendar  days  unless  business  days are  specified  and
whenever action must be taken (including the giving of notice or the delivery of
documents)  under  this  Agreement  during  a  certain  period  of  time or by a
particular  date that ends or occurs on a non-business  day, then such period or
date will be extended  until the  immediately  following  business  day. As used
herein,  "BUSINESS  DAY" means any day other than  Saturday,  Sunday or a United
States federal holiday.

             23.  ENTIRE  AGREEMENT.   This  Agreement  constitutes  the  entire
agreement and supersedes all prior agreements and  understandings,  both written
and oral,  between the parties hereto with respect to the subject matter of this
Agreement.  Any prior  agreements or  understandings  between the parties hereto
with respect to indemnification are hereby terminated and of no further force or
effect.  This Agreement is not the exclusive  means of securing  indemnification
rights of Indemnitee and is in addition to any rights  Indemnitee may have under
any Constituent Documents.

             24.  COUNTERPARTS.  This  Agreement  may be executed in one or more
counterparts,  each of which will be deemed to be an  original  but all of which
together shall constitute one and the same agreement.

                                       12

         IN WITNESS WHEREOF,  Indemnitee has executed and the Company has caused
its duly  authorized  representative  to execute  this  Agreement as of the date
first above written.

                                     HEALTH BENEFITS DIRECT CORPORATION

                                     By: /s/ Scott Frohman
                                         ---------------------
                                         Name:  Scott Frohman
                                         Title: CEO

                                     INDEMNITEE:

                                     /s/ Anthony R. Verdi
                                     ------------------------------------------
                                     Name:    Anthony R. Verdi
                                     Address: 345 Beech Lane
                                              West Chester, PA 19382

        SIGNATURE PAGE TO DIRECTOR AND OFFICER INDEMNIFICATION AGREEMENTsec document

                                                                   Exhibit 10.22

             -------------------------------------------------------

                        SECURITIES CONTRIBUTION AGREEMENT

             -------------------------------------------------------

                                  BY AND AMONG

                       HEALTH BENEFITS DIRECT CORPORATION

                         MARLIN CAPITAL PARTNERS I, LLC

                                  SCOTT FROHMAN

                                  CHARLES EISSA

                            PLATINUM PARTNERS II, LLC

                                       AND

                                  DANA BOSKOFF

                          DATED AS OF SEPTEMBER 9, 2005

                                TABLE OF CONTENTS

                                                                            PAGE

                                    ARTICLE I
                                 THE TRANSACTION

Section 1.01  The Contribution................................................1
Section 1.02  Consideration...................................................1
Section 1.03  Closing.........................................................2

                                ARTICLE II
             REPRESENTATIONS AND WARRANTIES OF THE TRANSFERORS

Section 2.01  Corporate Existence.............................................2
Section 2.02  Authorization; Validity.........................................2
Section 2.03  No Conflict.....................................................3
Section 2.04  Consents and Approvals..........................................3
Section 2.05  Capitalization..................................................3
Section 2.06  Purchase Entirely for Own Account...............................4
Section 2.07  Transferor Address, Access to Information, Experience, Etc......4
Section 2.08  Restricted Securities...........................................4

                                ARTICLE III
                  REPRESENTATIONS AND WARRANTIES OF HBDC

Section 3.01  Corporate Existence.............................................5
Section 3.02  Authorization; Validity.........................................5
Section 3.03  No Conflict.....................................................5
Section 3.04  Consents and Approvals..........................................5
Section 3.05  Valid Issuance of Exchange Shares...............................6

                                ARTICLE IV
                              INDEMNIFICATION

Section 4.01  Indemnification of Transferors..................................6
Section 4.02  Indemnification of HBDC.........................................6

                                 ARTICLE V
                               MISCELLANEOUS

Section 5.01  Fees and Expenses...............................................7
Section 5.02  Entire Agreement................................................7
Section 5.03  Notices.........................................................7
Section 5.04  Amendments; Waivers.............................................7
Section 5.05  Construction....................................................7
Section 5.06  Successors and Assigns..........................................7

                                       i

                                TABLE OF CONTENTS
                                  (continued)

                                                                            PAGE

Section 5.07  No Third-Party Beneficiaries....................................8
Section 5.08  Governing Law...................................................8
Section 5.09  Survival........................................................8
Section 5.10  Execution.......................................................8
Section 5.11  Severability....................................................8
Section 5.12  Pronouns........................................................8
Section 5.13  Remedies........................................................9

                                       ii

                        SECURITIES CONTRIBUTION AGREEMENT

     THIS SECURITIES  CONTRIBUTION  AGREEMENT (this "AGREEMENT") is entered into
as of this  9th day of  September,  2005 by and  among  Health  Benefits  Direct
Corporation,  a Delaware corporation ("HBDC"), Marlin Capital Partners I, LLC, a
Florida limited liability company ("MARLIN"), Scott Frohman ("FROHMAN"), Charles
Eissa ("EISSA"), Platinum Partners II, L.L.C. ("PLATINUM II"), a Florida limited
liability company, and Dana Boskoff ("BOSKOFF").

                              W I T N E S S E T H:

     WHEREAS,  Marlin, Frohman, Eissa and Platinum II (each, a "TRANSFEROR," and
collectively,  the "TRANSFERORS") together own all of the issued and outstanding
equity securities of Platinum Partners, LLC, a Florida limited liability company
("PLATINUM"),  Health  Benefits  Direct  II,  LLC, a Florida  limited  liability
company  ("HBDII"),  and Health  Benefits  Direct  III,  LLC, a Florida  limited
liability company ("HBDIII");

     WHEREAS,  the Board of Directors  of HBDC,  and the members and managers of
Platinum,  HBDII and HBDIII (the "TRANSFERRED  COMPANIES")  believe it is in the
best interests of their  respective  companies for the Transferred  Companies to
become wholly-owned  subsidiaries of HBDC by having the Transferors,  subject to
and in accordance with the terms and conditions set forth herein, contribute all
of their membership interests in the Transferred  Companies (the "INTERESTS") to
HBDC, in exchange for 7,500,000 shares (the "EXCHANGE  SHARES") of HBDC's common
stock,  $.001 par value per share (the "COMMON  STOCK"),  which shall  represent
100% of  HBDC's  Common  Stock  immediately  upon the  Closing  (as  hereinafter
defined); and

     WHEREAS, the parties desire to make certain representations, warranties and
agreements in connection with the transactions provided for herein.

     NOW,  THEREFORE,  in  consideration  of  the  respective   representations,
warranties,  agreements and covenants  contained herein, and for such other good
and  valuable  consideration,  the receipt and  sufficiency  of which are hereby
acknowledged, the parties hereto hereby agree as follows:

                                    ARTICLE I
                                 THE TRANSACTION

     Section  1.01  THE  CONTRIBUTION.  On  the  Closing  Date  (as  hereinafter
defined),  and at the  Closing  Time (as  hereinafter  defined),  subject in all
instances  to  each  of  the  terms,  conditions,  provisions,  and  limitations
contained in this Agreement, the Transferors shall contribute, transfer, convey,
and assign to HBDC,  free and clear of any and all liens and  charges,  and HBDC
shall acquire from the Transferors, their Interests, comprising, as to each such
Transferor,  its entire ownership interest in the Transferred Companies, so that
thereafter HBDC shall become the sole holder of the Interests.

     Section 1.02 CONSIDERATION. As consideration for contributing its Interests
to HBDC as provided in Section 1.01 above,  each Transferor shall be entitled to
receive that number of Exchange  Shares set forth  opposite its name on SCHEDULE
1.02 attached hereto and made a part hereof.

     Section 1.03 CLOSING.

          (a)  The  closing  of  the  transactions   contemplated   hereby  (the
"CLOSING") shall be held  simultaneously with the execution of this Agreement at
such times and place as the parties hereto may mutually agree. The date on which
the Closing  actually occurs is referred to herein as the "CLOSING DATE" and the
time at which the Closing occurs is referred to herein as the "CLOSING TIME."

          (b)  On the Closing Date, and at the Closing Time,  HBDC shall deliver
to each  Transferor a certificate (or  certificates),  registered in the name of
such Transferor or its nominee,  representing  that number of Exchange Shares to
be received by it pursuant to Schedule 1.02, and each  Transferor  shall deliver
to HBDC one or more limited  liability  company interest  certificates,  or such
other  evidence of ownership  that is  reasonably  satisfactory  to HBDC and its
counsel, representing all of such Transferor's Interests,  accompanied by a duly
executed transfer instrument in form and substance mutually  satisfactory to the
parties (this exchange,  together with all other related  transactions  provided
for in this Agreement are collectively referred to herein as the "TRANSACTION").
For the  avoidance  of doubt,  to the  extent  that any  Transferor's  ownership
interest in a Transferred  Company is not certificated on the Closing Date, this
Section  1.03(b) does not create an obligation on the part of such Transferor to
certificate such ownership interest.

                                   ARTICLE II
                REPRESENTATIONS AND WARRANTIES OF THE TRANSFERORS

     Each of the  Transferors,  recognizing that HBDC is relying on the contents
of this  Article II as a material  inducement  to its  execution,  delivery  and
performance  of this  Agreement,  hereby  represents  and warrants,  jointly and
severally, to HBDC as follows:

     Section 2.01 CORPORATE  EXISTENCE.  Each of the Transferred  Companies is a
limited liability company, duly organized, validly existing and in good standing
under the laws of the  State of  Florida,  possessing  the  requisite  power and
authority to own,  operate and lease its properties and assets,  and to carry on
its business as now and as currently proposed to be conducted.  Each Transferred
Company is duly  qualified as a foreign  corporation  to do business,  and is in
good standing,  in each jurisdiction where the character of the properties owned
or leased by it, or the nature of its activities,  is such that qualification as
a foreign corporation in that jurisdiction is required by law. True and accurate
copies of the,  certificate of  incorporation,  bylaws,  partnership  agreement,
articles  of  organization,  operating  agreement,  or such  other  constitutive
documents,  as the case may be,  each as amended  and in effect on and as of the
Closing (the "ORGANIZATIONAL DOCUMENTS"), of the Transferred Companies have been
delivered to HBDC.

     Section  2.02  AUTHORIZATION;  VALIDITY.  Each of the  Transferors  has all
requisite  power  and  authority  to enter  into  this  Agreement  and all other
documents and  instruments  required to be executed by it in connection with the
Transaction (together,  the "TRANSFEROR RELATED AGREEMENTS").  The execution and
delivery  of  this  Agreement  and the  Transferor  Related  Agreements  and the
consummation  of the  Transaction  have been duly  authorized  by all  necessary
action,  corporate,  partnership,  limited liability company or otherwise and no

                                       2

further action is required on the part of the  Transferors  and the  Transferred
Companies,  as the case may be, to authorize  the execution and delivery of this
Agreement, the Transferor Related Agreements and the Transaction. This Agreement
and the Transferor  Related  Agreements have been duly executed and delivered by
the Transferors, and, assuming the due authorization,  execution and delivery by
the other parties hereto and thereto,  constitute a valid and binding obligation
of the Transferors, enforceable in accordance with their respective terms.

     Section 2.03 NO CONFLICT.  The execution and delivery of this Agreement and
any  Transferor   Related   Agreement  by  any  Transferor  does  not,  and  the
consummation  of the  Transaction  will  not,  conflict  with,  or result in any
violation  of, or default  under  (with or without  notice or lapse of time,  or
both),  or give rise to a right of  termination,  cancellation,  modification or
acceleration  of any  obligation or loss of any benefit under (any such event, a
"CONFLICT") (a) any provision of the Transferred  Companies' or any Transferor's
Organizational Documents, (b) any mortgage,  indenture, lease, contract or other
agreement or instrument or permit, concession, franchise or license to which the
Transferred Companies or any Transferor are subject, or (c) any judgment, order,
decree,   statute,  law,  ordinance,   rule  or  regulation  applicable  to  the
Transferred  Companies or any  Transferor,  or their  respective  properties  or
assets.

     Section 2.04 CONSENTS AND APPROVALS. No consent, waiver, approval, order or
authorization  of, or  registration,  declaration  or filing  with,  any  court,
administrative  agency or commission or other federal,  state,  county, local or
foreign  governmental  authority,  instrumentality,   agency  or  commission  (a
"GOVERNMENTAL  ENTITY") or other third party, including a party to any agreement
with  the  Transferred  Companies  or any  Transferor  (so as not to  trigger  a
Conflict),  is required by or with respect to the  Transferred  Companies or any
Transferor in connection  with the execution and delivery of this  Agreement and
the Transferor Related Agreements or for consummation of the Transaction, except
for such consents, waivers, approvals,  orders,  authorizations,  registrations,
declarations and filings as may be required under applicable securities laws.

     Section 2.05 CAPITALIZATION.

          (a)  All of the Interests of the  Transferred  Companies are listed on
SCHEDULE 2.05 attached hereto and made a part hereof, and the Interests are held
solely by the Transferors.  The Interests are duly  authorized,  validly issued,
fully  paid and  nonassessable  and are not  subject  to any  preemptive  right,
whether created by statute, the Transferred Companies'  Organizational Documents
or any agreement to which either the Transferred  Companies or any Transferor is
a party or by which the  Transferred  Companies or any Transferor is bound,  and
such Interests were issued in compliance  with all federal and state  securities
laws.  There are no declared or unpaid accrued  dividends with respect to any of
the Interests.

          (b)  The Transferors  hold no other equity  securities,  or securities
convertible  into,  exchangeable  for,  exercisable  for  or in  any  other  way
evidencing  the right to receive  equity  securities  of any of the  Transferred
Companies, authorized, issued or outstanding other than the Interests.

          (c)  Each Transferor owns the Interests set forth opposite its name on
Schedule  2.05 free and clear of any and all liens,  claims,  encumbrances,  and
rights of others.

                                       3

          (d)  Each Transferor is authorized and entitled to sell,  transfer and
convey to the HBDC free and clear  title to the  Interests,  without any further
approval or authorization being required.

          (e)  At the Closing Time,  the  Interests  being  contributed  by each
Transferor  to HBDC will  constitute  all of the  Interests  of the  Transferred
Companies and the Transferred Companies will become wholly-owned subsidiaries of
HBDC.

     Section 2.06 PURCHASE  ENTIRELY FOR OWN ACCOUNT.  The Exchange Shares to be
received by each  Transferor  pursuant to the terms  hereof will be acquired for
investment for each Transferor's own account, not as a nominee or agent, and not
with a view to the resale or distribution of any part thereof. No Transferor has
any present  intention of selling,  granting any  participation in, or otherwise
distributing  the  Exchange  Shares  to  be  acquired  by  such  Transferor.  No
Transferor  has any contract,  undertaking,  agreement or  arrangement  with any
person or entity to sell or transfer,  or grant any participation to such person
or entity or to any third party,  with respect to any of the Exchange  Shares to
be acquired by such Transferor.

     Section 2.07 TRANSFEROR ADDRESS, ACCESS TO INFORMATION, EXPERIENCE, ETC.

          (a)  The address set forth on the signature  pages by each  Transferor
is such Transferor's  true and correct business,  residence or domicile address.
Each  Transferor  has received and read and is familiar with this  Agreement and
the Transferor Related Agreements. Each Transferor has had an opportunity to ask
questions of and receive  answers from  representatives  of HBDC  concerning the
terms  and  conditions  of this  investment.  Each  Transferor  has  substantial
experience in  evaluating  non-liquid  investments  such as an investment in the
Exchange  Shares  and is  capable  of  evaluating  the  merits  and  risks of an
investment in HBDC. Each Transferor is an "accredited  investor" as that term is
defined in Rule 501(c) of Regulation D promulgated  under the  Securities Act of
1933, as amended (the "SECURITIES ACT").

          (b)  Each Transferor was furnished  access to the business  records of
HBDC and such additional  information and documents as such Transferor requested
and was afforded an opportunity  to ask questions of, and receive  answers from,
representatives  of HBDC  concerning the terms and conditions of this Agreement,
the  acquisition  of the  Exchange  Shares,  the  business,  operations,  market
potential,  capitalization,  financial  condition and prospects of HBDC, and all
other matters deemed relevant to such Transferor.

          (c)  Each  Transferor  acknowledges  that  it  had an  opportunity  to
evaluate all information  regarding HBDC as it deemed  necessary or desirable in
connection  with the  Transaction,  independently  evaluated the Transaction and
reached its own decision to enter into this Agreement and the Transferor Related
Agreements.

     Section 2.08 RESTRICTED  SECURITIES.  Each Transferor  understands that the
Exchange Shares were not registered  under the Securities Act or the laws of any
state and may not be sold or  transferred,  or otherwise  disposed  of,  without
registration  under the Securities Act and applicable  state securities laws, or
pursuant to an exemption therefrom.  In the absence of an effective registration
statement covering the Exchange Shares, such Transferor may sell or transfer, or
otherwise  dispose of, the Exchange Shares only in a manner  consistent with its

                                       4

representations  and agreements set forth herein and any applicable  federal and
state securities laws.

                                  ARTICLE III
                     REPRESENTATIONS AND WARRANTIES OF HBDC

     HBDC,  recognizing that the Transferors are relying on the contents of this
Article  III  as  a  material  inducement  to  their  execution,   delivery  and
performance of this Agreement, hereby represents and warrants to the Transferors
as follows:

     Section 3.01 CORPORATE  EXISTENCE.  HBDC is a corporation  duly  organized,
validly  existing and in good standing  under the laws of the State of Delaware,
possessing  the  requisite  power and  authority  to own,  operate and lease its
properties  and  assets  and to carry on its  business  as now and as  currently
proposed to be conducted.  HBDC is duly qualified as a foreign corporation to do
business,  and is in good standing,  in each jurisdiction where the character of
the properties  owned or leased by it, or the nature of its activities,  is such
that qualification as a foreign  corporation in that jurisdiction is required by
law.  True and  accurate  copies of HBDC's  Organizational  Documents  have been
delivered to the Transferors.

     Section 3.02  AUTHORIZATION;  VALIDITY.  HBDC has all  requisite  power and
authority to enter into this Agreement and all other  documents and  instruments
required to be executed by it in connection with the Transaction  (collectively,
the "HBDC RELATED AGREEMENTS"). The execution and delivery of this Agreement and
the  HBDC  Related  Agreements,  the  consummation  of the  Transaction  and the
issuance of the Exchange  Shares in accordance  with the  Transaction  have been
duly authorized by all necessary action,  corporate or otherwise, and no further
action is  required on the part of HBDC to  authorize  the  Agreement,  the HBDC
Related  Agreements,  the Transaction and the issuance of the Exchange Shares in
accordance with the Transaction.  This Agreement and the HBDC Related Agreements
have been duly  authorized  and validly  executed and  delivered  by HBDC,  and,
assuming the due  authorization,  execution  and  delivery by the other  parties
hereto  and  thereto,  constitute  a  valid  and  binding  obligation  of  HBDC,
enforceable in accordance with their respective terms.

     Section 3.03 NO CONFLICT.  The execution and delivery of this Agreement and
the HBDC Related Agreements do not, and, the performance thereof by HBDC and the
consummation  of the  Transaction,  will not result in a  Conflict  with (a) any
provision  of HBDC's  Organizational  Documents,  (b) any  mortgage,  indenture,
lease,  contract  or  other  agreement  or  instrument  or  permit,  concession,
franchise  or license to which HBDC,  its  properties  or its assets  (including
intangible assets) are subject,  or (c) any judgment,  order,  decree,  statute,
law,  ordinance,  rule or regulation  applicable to HBDC,  its properties or its
assets.

     Section 3.04 CONSENTS AND APPROVALS. No consent, waiver, approval, order or
authorization of, or registration,  declaration or filing with, any Governmental
Entity or other third party, including a party to any agreement with HBDC (so as
not to trigger a Conflict), is required by or with respect to HBDC in connection
with  the  execution  and  delivery  of  this  Agreement  and the  HBDC  Related
Agreements or for the performance hereof and thereof and for the consummation of
the  Transaction,   except  for  such  consents,  waivers,  approvals,   orders,

                                       5

authorizations, registrations, declarations and filings as may be required under
applicable securities laws.

     Section 3.05 VALID ISSUANCE OF EXCHANGE  SHARES.  The Exchange  Shares have
been duly  authorized  and validly  reserved for issuance,  and, when issued and
delivered by HBDC in accordance with the provisions of this Agreement,  will (a)
be duly authorized,  validly issued,  fully paid, and  nonassessable and free of
preemptive  rights,  and free  and  clear of all  liens,  claims,  encumbrances,
adverse  interests of any kind and free of any  restriction  on transfer,  other
than  restrictions  on transfer under  applicable  federal and state  securities
laws, and (b) represent (i) 100% of HBDC's issued and outstanding  Common Stock.
The Exchange Shares will be issued in compliance with all applicable federal and
state securities laws. Upon issuance and delivery of the Exchange Shares by HBDC
in accordance with the provisions of this Agreement, the authorized,  issued and
outstanding  capital stock of HBDC will consist  solely of the Exchange  Shares.

                                   ARTICLE IV
                                INDEMNIFICATION

     Section 4.01  INDEMNIFICATION OF TRANSFERORS.  HBDC will indemnify and hold
the Transferors and their directors, officers, shareholders,  members, partners,
employees and agents  (each,  a  "TRANSFEROR  PARTY")  harmless from any and all
losses,  liabilities,  obligations,  claims,  contingencies,  damages, costs and
expenses, including all judgments, amounts paid in settlements,  court costs and
reasonable  attorneys' fees and costs of investigation  that any such Transferor
Party  may   suffer  or  incur  as  a  result  of  or   relating   to:  (a)  any
misrepresentation,   breach  or  inaccuracy,  of  any  of  the  representations,
warranties,  covenants or  agreements  made by HBDC in this  Agreement or in any
HBDC Related Agreement or (b) any cause of action, suit or claim brought or made
against such Transferor Party and arising solely out of or solely resulting from
the  execution,  delivery,  performance  or enforcement of this Agreement or any
HBDC Related Agreement and without causation by any other activity,  obligation,
condition or liability  pertaining to such Transferor.  HBDC will reimburse such
Transferor  for its reasonable  legal and other expenses  (including the cost of
any investigation,  preparation and travel in connection  therewith) incurred in
connection therewith, as such expenses are incurred.

     Section  4.02  INDEMNIFICATION  OF  HBDC.  The  Transferors,   jointly  and
severally,   will  indemnify  and  hold  HBDC  and  its   directors,   officers,
stockholders, employees and agents (each, an "HBDC PARTY") harmless from any and
all losses, liabilities,  obligations, claims, contingencies, damages, costs and
expenses, including all judgments, amounts paid in settlements,  court costs and
reasonable  attorneys' fees and costs of investigation  that any such HBDC Party
may suffer or incur as a result of or  relating  to: (a) any  misrepresentation,
breach or inaccuracy,  of any of the representations,  warranties,  covenants or
agreements made by any Transferor in this Agreement or in any Transferor Related
Agreement or (b) any cause of action, suit or claim brought or made against such
Transferor  Party  and  arising  solely  out of or  solely  resulting  from  the
execution,  delivery,  performance  or  enforcement  of  this  Agreement  or any
Transferor  Related  Agreement  and  without  causation  by any other  activity,
obligation,  condition or liability  pertaining to HBDC.  The  Transferors  will
reimburse HBDC for its reasonable  legal and other expenses  (including the cost
of any investigation,  preparation and travel in connection  therewith) incurred
in connection therewith, as such expenses are incurred.

                                       6

                                   ARTICLE V
                                  MISCELLANEOUS

     Section  5.01  FEES AND  EXPENSES.  Except as  otherwise  set forth in this
Agreement, each party shall pay the fees and expenses of its advisers,  counsel,
accountants and other experts,  if any, and all other expenses  incurred by such
party  incident  to  the  negotiation,   preparation,  execution,  delivery  and
performance of this Agreement.

     Section 5.02 ENTIRE AGREEMENT. This Agreement,  together with the schedules
hereto,  contains  the entire  understanding  of the parties with respect to the
subject matter hereof and supersedes  all prior  agreements and  understandings,
oral or written,  with respect to such  matters,  which the parties  acknowledge
have been merged into such document and schedules.

     Section  5.03  NOTICES.  Any and all  notices  or other  communications  or
deliveries  required or permitted to be provided  hereunder  shall be in writing
and  shall be deemed  given and  effective  on the  earliest  of (a) the date of
transmission,  if such notice or communication is delivered via facsimile at the
facsimile  number set forth on the signature pages attached hereto prior to 6:30
p.m. (New York City time) on a business day, (b) the next business day after the
date of transmission, if such notice or communication is delivered via facsimile
at the facsimile  number set forth on the signature  pages attached  hereto on a
day that is not a business  day or later than 6:30 p.m.  (New York City time) on
any business day, (c) the second business day following the date of mailing,  if
sent by U.S. nationally recognized overnight courier service, or (d) upon actual
receipt by the party to whom such notice is  required  to be given.  The address
for such notices and communications shall be as set forth on the signature pages
attached hereto.

     Section 5.04  AMENDMENTS;  WAIVERS.  No provision of this  Agreement may be
waived  or  amended  except in a written  instrument  signed,  in the case of an
amendment, by HBDC and each Transferor or, in the case of a waiver, by the party
against whom enforcement of any such waiver is sought.  No waiver of any default
with respect to any provision,  condition or requirement of this Agreement shall
be deemed to be a continuing  waiver in the future or a waiver of any subsequent
default or a waiver of any other provision, condition or requirement hereof, nor
shall any delay or omission of either party to exercise  any right  hereunder in
any manner impair the exercise of any such right.

     Section 5.05 CONSTRUCTION. The headings herein are for convenience only, do
not  constitute  a part of this  Agreement  and  shall not be deemed to limit or
affect any of the provisions hereof. The language used in this Agreement will be
deemed to be the language  chosen by the parties to express their mutual intent,
and no rules of strict  construction  will be applied  against  any party.  This
Agreement  shall be  construed  as if  drafted  jointly by the  parties,  and no
presumption or burden of proof shall arise favoring or disfavoring  any party by
virtue of the authorship of any provisions of this Agreement.

     Section 5.06  SUCCESSORS AND ASSIGNS.  This Agreement shall be binding upon
and inure to the  benefit of the  parties  and their  successors  and  permitted
assigns.  None of the parties  hereto may assign this Agreement or any rights or
obligations  hereunder  without the prior  written  consent of each of the other
parties.

                                       7

     Section 5.07 NO THIRD-PARTY  BENEFICIARIES.  This Agreement is intended for
the benefit of the parties hereto and their respective  successors and permitted
assigns and is not for the benefit of, nor may any provision  hereof be enforced
by, any other person.

     Section 5.08  GOVERNING  LAW. All questions  concerning  the  construction,
validity,  enforcement and interpretation of this Agreement shall be governed by
and construed and enforced in accordance  with the internal laws of the State of
Delaware,  without  regard to the  principles of conflicts of law thereof.  Each
party hereto hereby  irrevocably waives personal service of process and consents
to process being served in any such suit, action or proceeding by mailing a copy
thereof via registered or certified mail or overnight delivery (with evidence of
delivery)  to such party at the  address in effect for  notices to it under this
Agreement  and agrees that such service  shall  constitute  good and  sufficient
service of process and notice thereof.  Nothing contained herein shall be deemed
to limit in any way any right to serve  process in any manner  permitted by law.
If any party shall  commence an action or proceeding to enforce any provision of
this Agreement,  then the prevailing party in such action or proceeding shall be
reimbursed  by the  other  party  for its  attorneys  fees and  other  costs and
expenses  incurred with the  investigation,  preparation and prosecution of such
action or proceeding.

     Section 5.09  SURVIVAL.  The  representations,  warranties,  agreements and
covenants contained herein shall survive the Closing.

     Section  5.10  EXECUTION.  This  Agreement  may be  executed in two or more
counterparts,  all of which when taken  together shall be considered one and the
same agreement and shall become effective when  counterparts have been signed by
each  party and  delivered  to the other  party,  it being  understood  that all
parties need not sign the same  counterpart.  In the event that any signature is
delivered by facsimile  transmission,  such  signature  shall create a valid and
binding  obligation of the party executing (or on whose behalf such signature is
executed)  with the same force and effect as if such  facsimile  signature  page
were an original thereof.

     Section 5.11 SEVERABILITY. If any provision of this Agreement is held to be
invalid or unenforceable in any respect,  the validity and enforceability of the
remaining  terms  and  provisions  of  this  Agreement  shall  not in any way be
affected or impaired  thereby and the parties will attempt to agree upon a valid
and enforceable provision that is a reasonable substitute therefor,  and upon so
agreeing, shall incorporate such substitute provision in this Agreement.

     Section 5.12 PRONOUNS. Whenever the pronouns "it" or "its" are used herein,
they  shall  also be deemed  to mean  "he" or "his" or "she" or "hers"  whenever
applicable.  Words in the singular  shall be read and construed as though in the
plural  and words in the  plural  shall be read and  construed  as though in the
singular in all cases where they would so apply.

                                       8

     Section 5.13 REMEDIES. In addition to being entitled to exercise all rights
provided herein or granted by law,  including  recovery of damages,  each of the
Transferors  and HBDC  will be  entitled  to  specific  performance  under  this
Agreement.  The  parties  agree  that  monetary  damages  may  not  be  adequate
compensation  for any loss  incurred  by  reason of any  breach  of  obligations
described in the foregoing sentence and hereby agrees to waive in any action for
specific  performance  of any such  obligation  the defense that a remedy at law
would be adequate.

                            [Signature Pages Follow]

                                       9

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the day and year hereinabove first set forth.

                                    HEALTH BENEFITS DIRECT CORPORATION

                                    By:/s/ Daniel Brauser
                                       ---------------------
                                       Name:  Daniel Brauser
                                       Title: CFO

                                    Address: 2900 Gateway Drive
                                             Pompano Beach, FL 33069

                                    Facsimile No. 954-691-4010

                             SIGNATURE PAGE TO SECURITIES CONTRIBUTION AGREEMENT

                                      S-1

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the day and year hereinabove first set forth.

                                    MARLIN CAPITAL PARTNERS I, LLC

                                    By: /s/ Michael Brauser
                                        -----------------------
                                        Name: Michael Brauser
                                        Title: Manager

                                    Address: 2900 Gateway Drive
                                             Pompano Beach, FL 33069

                                    Facsimile No. 954-691-4010

               SIGNATURE PAGE TO SECURITIES CONTRIBUTION AGREEMENT

                                      S-2

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the day and year hereinabove first set forth.

                                    PLATINUM PARTNERS II, LLC

                                    By: /s/ Michael Brauser
                                        -----------------------
                                        Name: Michael Brauser
                                        Title: Manager

                                    Address: 2900 Gateway Drive
                                             Pompano Beach, FL 33069

                                    Facsimile No. 954-691-4010

               SIGNATURE PAGE TO SECURITIES CONTRIBUTION AGREEMENT

                                      S-3

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the day and year hereinabove first set forth.

                                    By: /s/ Scott Frohman
                                        -----------------------
                                        Name: SCOTT FROHMAN

                                    Address: 2900 Gateway Drive
                                             Pompano Beach, FL 33069

                                    Facsimile No. 954-691-4010

               SIGNATURE PAGE TO SECURITIES CONTRIBUTION AGREEMENT

                                      S-4

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the day and year hereinabove first set forth.

                                    /s/ Charles Eissa
                                    -------------------------------------------
                                    CHARLES EISSA

                                    Address: 2900 Gateway Drive
                                             Pompano Beach, FL 33069

                                    Facsimile No. 954-691-4010

               SIGNATURE PAGE TO SECURITIES CONTRIBUTION AGREEMENT

                                      S-5

     IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement as of
the day and year hereinabove first set forth.

                                    /s/ Dana Boskoff
                                    ------------------------------------------
                                    DANA BOSKOFF

                                    Address: 136 E. 36th Street
                                             New York, NY 10016
                                             Apt. #80

                                    Facsimile No. 212-202-6139

               SIGNATURE PAGE TO SECURITIES CONTRIBUTION AGREEMENT

                                      S-6

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