Document:

Warrant dated as of August 28, 2008

 Exhibit 4.2 
 EXECUTION COPY 
 THE SECURITIES REPRESENTED BY THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF OR ENCUMBERED IN THE ABSENCE OF
AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS, AND, IF REQUESTED BY THE COMPANY, UPON DELIVERY OF AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO THE COMPANY THAT THE PROPOSED TRANSFER IS EXEMPT FROM THE ACT OR SUCH LAWS. 
 THE SECURITIES REPRESENTED BY THIS WARRANT AND THE
SECURITIES ISSUABLE UPON EXERCISE ARE SUBJECT TO TRANSFER AND OTHER RESTRICTIONS SET FORTH IN AN EQUITY HOLDERS AGREEMENT DATED AS OF AUGUST 21, 2008, AS AMENDED FROM TIME TO TIME, AND A PURCHASE AGREEMENT DATED AS OF AUGUST 21, 2008, AS AMENDED
FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE ISSUER. 
  

			
	 No. 1
	  	August 28, 2008

 WARRANT 
 TO PURCHASE 
 SHARES OF CLASS A COMMON STOCK 
 OF EVERCORE PARTNERS INC. 
 1. Definitions.
Unless the context otherwise requires, when used herein the following terms shall have the meaning indicated. 
 “Accreted Principal
Amount” has the meaning set forth in the Indenture. 
 “Affiliate” means, with respect to any Person, any other Person which
directly or indirectly controls or is controlled by or is under common control with such Person. 
 “Approved Transaction” means an
acquisition of the stock, assets or business of another Person by the Company, Evercore LP or any of their respective Subsidiaries, or a strategic alliance or commercial transaction entered into by the Company, Evercore LP, or any of their
respective Subsidiaries with another Person, which has been duly approved by the Board. 
 “Board” means the Board of Directors of
the Company. 

 “Business Combination” means (a) any reorganization, consolidation, merger, share exchange
or similar business combination transaction involving the Company with any Person or (b) the sale, assignment, conveyance, transfer, lease or other disposition by the Company of all or substantially all of its assets. 
 “Business Day” means any day that is not a Saturday, a Sunday, a national holiday or other day on which banks in New York, New York or Tokyo,
Japan are required or authorized to close. 
 “Closing Price” of the Common Stock on any date means the closing sale price per
share (or if no closing sale price is reported, the average of the bid and ask prices or, if more than one in either case, the average of the average bid and the average ask prices) on that date as reported in composite transactions for the
principal U.S. securities exchange on which the Common Stock is listed or admitted for trading or, if the Common Stock is not listed or admitted for trading on a U.S. national or regional securities exchange, as reported on the quotation system on
which such security is quoted. If the Common Stock is not listed or admitted for trading on a United States national or regional securities exchange and not reported on a quotation system on the relevant date, the “closing price” will be
the last quoted bid price for the Common Stock in the over-the-counter market on the relevant date as reported by Pink Sheets LLC or similar organization. If the Common Stock is not so quoted, the Closing Price shall be deemed to be the fair value
per share of Common Stock as determined in good faith by the Board. 
 “Common Stock” means the Class A Common Stock, par
value $0.01 per share, of the Company. 
 “Company” means Evercore Partners Inc. 
 “control” (including its correlative meanings, “controlled by” and “under common control with”) means possession, directly
or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise). 
 “Current Market Price” of Common Stock on any day means the average of the Closing Prices per share of Common Stock for each of the five
consecutive Trading Days ending on the earlier of the day in question and the day before the Ex-Dividend Date with respect to the issuance or distribution requiring such computation; provided that, for purposes of Section 13(b) hereof,
(i) such term shall mean the Closing Price of the Common Stock on the earlier of the date of announcement of the relevant sale or issuance or the date on which the price for such sale or issuance is agreed upon or set and
(ii) notwithstanding the foregoing clause (i), in the event that the price per share for Common Stock being sold or issued is variable or based on a formula, “Current Market Price” shall mean the Closing Price of the Common Stock on
the date on which the price per share for Common Stock being sold or issued is fixed. 
 “Equity Holders Agreement” means the
Equity Holders Agreement, dated as of August 21, 2008, by and between the Company and Mizuho CB, as amended from time to time. 
 “Evercore LP” means Evercore LP, a Delaware limited partnership. 
  

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 “Ex-Dividend Date” means, with respect to any issuance or distribution, the first date on which
the shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such issuance or distribution. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations promulgated thereunder. 
 “Exercise Price” has the meaning given to it in Section 2 herein. 
 “Expiration Date” has the meaning given to it in Section 3(a) herein. 
 “Fund” has the meaning set forth in the Equity Holders Agreement. 
 “Indenture” means the Indenture by and between the Company and The Bank of New York Mellon, as trustee, dated as of August 28, 2008, in
the form as set forth in Exhibit A to the Purchase Agreement, as amended from time to time. 
 “Initial Holder Agreements” means
the Purchase Agreement and the Equity Holders Agreement. 
 “Mizuho CB” means, Mizuho Corporate Bank, Ltd., a Japanese corporation.

 “Market Disruption Event” means the occurrence or existence for more than one half hour period in the aggregate on any scheduled
Trading Day for the Common Stock of any suspension or limitation imposed on trading (by reason of movements in price exceeding limits permitted by the primary exchange or trading system on which such shares are traded) in the Common Stock or in any
options, contracts or future contracts relating to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m. (New York City time) on such day. 
 “NYSE” means the New York Stock Exchange. 
 “Original Issue Date” means the date on which this Warrant was first issued. 
 “Person” means any individual,
corporation, limited liability company, limited or general partnership, joint venture, association, joint-stock company, trust, unincorporated organization, Governmental Entity or any agency or political subdivisions thereof or any group comprised
of two or more of the foregoing. 
 “Purchase Agreement” means that certain Purchase Agreement, dated as of August 21, 2008,
by and between the Company and Mizuho CB, as amended from time to time. 
 “Regular Cash Dividends” means regular cash dividends
payable by the Company out of its surplus or net profits legally available therefore on a quarterly, semi-annual or annual basis. 
 “Right” has the meaning set forth in Section 13(b) herein. 
  

 3 

 “SEC” means the U.S. Securities and Exchange Commission or any other federal agency then
administering the Securities Act or the Exchange Act and other federal securities laws. 
 “Securities Act” means the Securities
Act of 1933, as amended, or any successor statute, and the rules and regulations promulgated thereunder. 
 “Senior Notes” means
the 5.2% Senior Notes due 2020 of the Company as contemplated by the Indenture. 
 “Shares” has the meaning given to it in
Section 2 herein. 
 “Subsidiary” means, with respect to a party, any corporation, partnership, trust, limited liability
company or other entity in which such party (or another Subsidiary of such party) holds stock or other ownership interests representing (A) more than 50% of the voting power of all outstanding stock or ownership interests of such entity,
(B) the right to receive more than 50% of the net assets of such entity available for distribution to the holders of outstanding stock or ownership interests upon a liquidation or dissolution of such entity or (C) a general or managing
partnership interest or similar position in such entity. For purposes of this Warrant, (i) none of the Funds shall be deemed to be a Subsidiary of the Company and (ii) Evercore LP shall be deemed to be a Subsidiary of the Company.

 “Tender Offer Repurchases” means any purchase of shares of Common Stock by the Company or any Affiliate thereof pursuant to any
tender offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act or Regulation 14E promulgated thereunder, whether for cash, shares of Common Stock, other securities of the Company or other forms of consideration (or any
combination thereof), effected while this Warrant is outstanding, where the fair value (determined in good faith by the Board) of the aggregate consideration distributed (the “Aggregate Amount”) expressed as an amount per share of Common
Stock validly tendered or exchanged, and not withdrawn, pursuant to such tender offer or exchange offer as of the Expiration Time exceeds the Closing Price of the Common Stock on the first Trading Day immediately following the date on which the
Expiration Time occurs; provided, however, that “Tender Offer Repurchase” shall not include any purchase of shares by the Company or any Affiliate thereof made in accordance with the requirements of Rule 10b-18 as in effect under
the Exchange Act. For purposes of this definition, “Expiration Time” means the last time at which tenders or exchanges could have been made pursuant to such tender offer or exchange offer. 
 “Trading Day” means any day on which (i) there is no Market Disruption Event and (ii) the NYSE or, if the Common Stock is not listed
on the NYSE, the principal national securities exchange on which the Common Stock is listed, is open for trading or, if the Common Stock is not so listed, admitted for trading or quoted, any Business Day. A Trading Day only includes those days that
have a scheduled closing time of 4:00 p.m. (New York City time) or the then standard closing time for regular trading on the relevant exchange or trading system. 
 “Warrantholder” has the meaning given to it in Section 2 herein. 
 2. Number of Shares; Exercise
Price. This certifies that, for value received, Mizuho CB or its registered assigns or transferees (the “Warrantholder”) is entitled, upon the terms and subject to the conditions hereinafter set forth, to acquire from the Company, in
whole or in part, up to an 
  

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aggregate of 5,454,545 fully paid and nonassessable shares of Common Stock (the “Shares”) of the Company, at a per Share purchase price (the
“Exercise Price”) equal to $22.00. The number and type of Shares and the Exercise Price are subject to adjustment as provided herein, and all references to “Shares,” “Common Stock” and “Exercise Price” herein
shall be deemed to include any such adjustment or series of adjustments. 
 3. Exercise Rights. 
  

	(a)	Exercise of Warrant; Term. The right to purchase the Shares represented by this Warrant is exercisable, in whole or in part, by the Warrantholder (other than Mizuho CB or its
Affiliates, which are not permitted to exercise this Warrant), at any time or from time to time, but in no event later than 11:59 p.m. New York City time, on August 28, 2020 (the “Expiration Date”), by (i) the surrender of this
Warrant and Notice of Exercise annexed hereto, duly completed and executed on behalf of such Warrantholder, at the office of the Company in New York, New York (or such other office or agency of the Company in the United States as it may designate by
notice in writing to such Warrantholder at the address of such Warrantholder appearing on the books of the Company), and (ii) (A) the payment of the Exercise Price for the Shares thereby purchased at the election of such Warrantholder by
tendering in cash, by certified or cashier’s check payable to the order of the Company or by wire transfer of immediately available funds to an account designated by the Company, (B) the delivery to the Company of Senior Notes with an
Accreted Principal Amount plus accrued and unpaid interest equal to the Exercise Price at the office of the Company in New York, New York (or such other office or agency of the Company in the United States) as the Company may designate by notice in
writing to such Warrantholder at the address of such Warrantholder appearing on the books of the Company), or (C) having the Company withhold, from the Shares that would otherwise be delivered to the Warrantholder upon such exercise, Shares
issuable upon exercise of the Warrant equal in value to the aggregate Exercise Price as to which this Warrant is so exercised based on the Closing Price of the Common Stock on the Trading Day immediately prior to the date on which this Warrant is
exercised and the Notice of Exercise is delivered to the Company pursuant to this Section 3. 

  

	(b)	Replacement of Warrant. If the exercising (or transferring, as the case may be) Warrantholder does not exercise (or transfer, as the case may be) this Warrant in its
entirety, the Warrantholder will be entitled to receive from the Company within a reasonable time, not exceeding ten (10) Business Days, a new warrant in substantially identical form for the purchase of that number of Shares equal to the
difference between the number of Shares subject to this Warrant and the number of Shares as to which this Warrant is so exercised (or transferred, as the case may be). 

  

	(c)	 Notwithstanding anything to the contrary contained herein, in no event shall Mizuho CB or any of its Affiliates be permitted to exercise this Warrant or be
permitted to receive Shares issuable upon exercise thereof, provided that Mizuho CB or its Affiliates, as applicable, may exercise this Warrant contemporaneously with or immediately prior to a transfer of all Shares issued pursuant to such
exercise, solely for the purpose of effectuating such transfer, on condition that Mizuho CB or its Affiliates, as applicable, has entered into a binding agreement to effectuate such transfer; and further, provided, 

  

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that if such transfer of any Shares issued pursuant to an exercise of this Warrant by Mizuho CB or its Affiliates, as applicable, is not completed
contemporaneously with or immediately following such exercise, such exercise shall be deemed void and all Shares issued pursuant thereto shall be void and cancelled. 

  

	(d)	Immediately following the Expiration Date, this Warrant shall automatically expire and be void without any action on the part of the Company or the Warrantholder.

 4. Issuance of Shares; Authorization; Listing. 
  

	(a)	The Company hereby represents and warrants that any Shares issued pursuant to the exercise of this Warrant in accordance with the provisions of Section 3, upon issuance and
payment therefore in any manner provided in Section 3(a), shall be duly and validly issued and fully paid and nonassessable and shall be free from preemptive rights and free of any lien or adverse claim (other than liens or charges created by
or imposed upon the Warrantholder, except as otherwise provided herein, income and franchise taxes incurred in connection with the exercise of the Warrant, or taxes in respect of any transfer occurring contemporaneously therewith or as a result of
the Warrantholder being a non-U.S. person). The Company shall at all times have authorized and reserved and keep available for issuance a sufficient number of shares of Common Stock to permit the delivery in respect of this Warrant of the number of
shares of Common Stock due upon exercise. The Company will list or cause to have quoted such shares of Common Stock on each national securities exchange or in the over-the-counter market or such other market on which the Common Stock is then listed
or quoted. The Company will use reasonable best efforts to ensure that the Shares may be issued without violation of any applicable law or regulation or of any requirement of any securities exchange on which the Shares are listed or traded.

  

	(b)	Subject to the next sentence, certificates for Shares issued upon exercise of this Warrant will be issued in such name or names as the Warrantholder may designate and will be
delivered to such named Person or Persons within a reasonable time, not to exceed ten (10) Business Days after the date on which this Warrant has been duly exercised in accordance with the terms of this Warrant. The Company agrees that the
Shares so issued will be deemed to have been issued to the Warrantholder as of the close of business on the date on which this Warrant and payment of the Exercise Price are delivered to the Company in accordance with the terms of this Warrant,
notwithstanding that the stock transfer books of the Company may then be closed or certificates representing such Shares may not be actually delivered on such date. 

 5. No Fractional Shares or Scrip. No fractional Shares or scrip representing fractional Shares shall be issued upon any exercise of this Warrant. In lieu of any fractional Share to which the Warrantholder would
otherwise be entitled, the Warrantholder shall be entitled to receive a cash payment equal to (i) the Closing Price per share of Common Stock computed as of the trading day immediately preceding the date the Warrant is presented for exercise,
less the Exercise Price, multiplied by (ii) such fraction of a Share. 
  

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 6. No Rights as Shareholders. This Warrant does not entitle the Warrantholder to any voting rights or other rights
as a stockholder of the Company prior to the date of exercise hereof. 
 7. Charges, Taxes and Expenses. If the Warrantholder exercises this Warrant,
the Company shall pay any issue or transfer tax due on the issue of any Shares upon such exercise (other than taxes in respect of any transfer occurring contemporaneously therewith or as a result of the Warrantholder being a non-U.S. person).
However, the Warrantholder shall pay any such tax which is due because the Warrantholder requests the shares to be issued upon exercise of this Warrant in a name other than the Warrantholder’s name. The Company may refuse to deliver the
certificates representing the Shares being issued upon exercise of this Warrant in a name other than the Warrantholder’s name until the Company receives a sum sufficient to pay any tax which will be due because the Shares are to be delivered in
a name other than the Warrantholder’s name. The Company or its Subsidiaries shall have the right to reduce the number of Shares that would otherwise be issued to the Warrantholder by a number of Shares having an equivalent market value (based
on the Closing Price of the Common Stock) to the amount required to satisfy any minimum withholding tax obligations or any other federal, state or local income or other taxes required by law to be withheld with respect to any payment of cash or
securities applicable to the Warrantholder. 
 8. Transfer/Assignment. 
  

	(a)	 This Warrant and any rights hereunder are not transferable by the Warrantholder, in whole or in part, in the absence of any effective registration statement related
to this Warrant except pursuant to an exemption from registration under such Securities Act and applicable state securities laws and, if requested by the Company (other than in the case of a transfer by Mizuho CB pursuant to Rule 144A or Rule 144
under the Securities Act in accordance with Section 4.11 of the Equity Holders Agreement upon delivery of the applicable certificate referred to below), upon delivery of an opinion of counsel, reasonably satisfactory in form and substance to
the Company, that such registration is not required under the Securities Act and any applicable state securities laws. In connection with a transfer pursuant to Rule 144A or Rule 144 under the Securities Act, Mizuho CB shall (x) in the case of
a transfer in reliance on Rule 144A under the Securities Act, deliver a certificate executed by a duly authorized executive officer of Mizuho CB certifying that (i) Mizuho CB is transferring such Warrant and any rights hereunder to a qualified
institutional buyer within the meaning of Rule 144A, (ii) such qualified institutional buyer is aware that the transfer to it is being made in reliance upon the exemption from the provisions of Section 5 of the Securities Act provided by
Rule 144A, and (iii) such qualified institutional buyer has received such information regarding the Company as it has requested pursuant to Rule 144A(d)(4) or has determined not to request such information; and (y) in the case of a
transfer in reliance on Rule 144 under the Securities Act, deliver a certificate executed by a duly authorized executive officer of Mizuho CB certifying that (i) the transfer is not part of a “distribution” as such term is used in
Section 2(a)(11) under the Securities Act, and (ii) Mizuho CB has filed a Form 144 in connection with such transfer or certifies that no such Form 144 is required to be filed. Subject to compliance with the first sentence of this
Section 8(a), and Sections 8(b), (c) and (d), this Warrant and all rights hereunder are transferable to an accredited investor, in whole or in part (provided that this Warrant may not be transferred in part 

  

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unless the transferee acquires the right to purchase at least 250,000 of the Shares), on the books of the Company by the registered holder hereof in person
or by duly authorized attorney, and a new warrant shall be made and delivered by the Company, of the same tenor as this Warrant but registered in the name of the transferee, upon surrender of this Warrant, duly endorsed, to the office or agency of
the Company described in Section 3. All expenses, taxes (other than documentary, stamp, stock transfer or similar taxes or taxes imposed because the transferee is a non-U.S. Person) and other charges payable in connection with the preparation,
execution and delivery of the new Warrants pursuant to this Section 8 shall be paid by the Company. Subject to Sections 8(b), (c) and (d), below, the restrictions imposed by the first sentence of this Section 8 shall terminate as to
the Warrant (i) when such security has been effectively registered under the Securities Act and disposed of in accordance with the registration statement covering such security, except with respect to securities held following such disposition
by Affiliates of the Company, or (ii) when, in the opinion of counsel for the Company, such restrictions are no longer required in order to achieve compliance with the Securities Act. 

  

	(b)	Each certificate for Shares initially issued upon the exercise of this Warrant, and each certificate for Shares issued to any transferee of any such certificate, unless such Shares
are registered under the Securities Act or resold pursuant to an exemption from the registration requirements of the Securities Act in a transaction that results in such shares of Common Stock no longer being “restricted securities” (as
defined under Rule 144), shall be stamped or otherwise imprinted with a legend in substantially the following form: 

 “THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR SECURITIES LAWS OF ANY STATE AND MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED, TRANSFERRED,
HYPOTHECATED OR OTHERWISE DISPOSED OF OR ENCUMBERED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS, AND, IF REQUESTED
BY THE COMPANY, UPON DELIVERY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT THE PROPOSED TRANSFER IS EXEMPT FROM THE ACT OR SUCH LAWS.” 
  

	(c)	Notwithstanding anything herein to the contrary, this Warrant and any rights hereunder, and any Shares issuable upon exercise of this Warrant, shall be subject to the applicable
restrictions set forth in the Equity Holders Agreement. 

  

	(d)	If and for so long as required by the Initial Holders Agreements, any certificate representing Shares issued upon exercise of this Warrant shall contain a legend in substantially
the following form: 

  

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 “THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO TRANSFER AND OTHER RESTRICTIONS SET
FORTH IN AN EQUITY HOLDERS AGREEMENT DATED AS OF AUGUST 21, 2008, AS AMENDED FROM TIME TO TIME, AND A PURCHASE AGREEMENT DATED AS OF AUGUST 21, 2008, AS AMENDED FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE ISSUER.”

 If and for so long as required by the Initial Holders Agreements, any new warrants made and delivered by the Company pursuant to the
terms hereof shall contain a legend in substantially the following form: 
 “THE SECURITIES REPRESENTED BY THIS WARRANT AND THE
SECURITIES ISSUABLE UPON EXERCISE ARE SUBJECT TO TRANSFER AND OTHER RESTRICTIONS SET FORTH IN AN EQUITY HOLDERS AGREEMENT DATED AS OF AUGUST 21, 2008, AS AMENDED FROM TIME TO TIME, AND A PURCHASE AGREEMENT DATED AS OF AUGUST 21, 2008, AS AMENDED
FROM TIME TO TIME, COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE ISSUER.” 
 9. Exchange and Registry of Warrant. This Warrant is
exchangeable, upon the surrender hereof by the Warrantholder at the office or agency of the Company described in Section 3, for a new warrant or warrants of like tenor representing the right to purchase in the aggregate a like number of Shares.
The Company shall maintain at the office or agency described in Section 3 a registry showing the name and address of the Warrantholder as the registered holder of this Warrant. This Warrant may be surrendered for exchange or exercise, in
accordance with its terms, at the office of the Company, and the Company shall be entitled to rely in all respects, prior to written notice to the contrary, upon such registry. 
 10. Loss, Theft, Destruction or Mutilation of Warrant. Upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant, and in the case of any
such loss, theft or destruction, upon receipt of a bond, indemnity or security reasonably satisfactory to the Company, or, in the case of any such mutilation, upon surrender and cancellation of this Warrant, the Company shall make and deliver, in
lieu of such lost, stolen, destroyed or mutilated Warrant, a new Warrant of like tenor and representing the right to purchase the same aggregate number of Shares as provided for in such lost, stolen, destroyed or mutilated Warrant. 
 11. Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or granted herein shall
not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding day that is a Business Day. 
 12. Rule 144
Information. The Company covenants that it will use its reasonable best efforts to timely file all reports and other documents required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations promulgated by
the SEC thereunder (or, if 

  

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the Company is not required to file such reports, it will, upon the request of any Warrantholder, make publicly available such information as necessary to
permit sales pursuant to Rule 144 or Regulation S under the Securities Act), and it will use reasonable best efforts to take such further action as any Warrantholder may reasonably request, in each case to the extent required from time to time to
enable such holder to sell the Warrants without registration under the Securities Act within the limitation of the exemptions provided by (a) Rule 144 or Regulation S under the Securities Act, as such rules may be amended from time to time, or
(b) any successor rule or regulation hereafter adopted by the SEC. Upon the written request of any Warrantholder, the Company will deliver to such Warrantholder a written statement that it has complied with such requirements. 
 13. Adjustments and Other Rights. The Exercise Price and the number of Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to
time as follows, provided that no single event shall cause an adjustment under more than one subsection of this Section 13 so as to result in any duplication: 
  

	(a)	Stock Dividends, Splits, Subdivisions, Reclassifications or Combinations. If the Company shall (i) declare a dividend or make a distribution on its Common Stock in
shares of Common Stock, (ii) subdivide or reclassify the outstanding shares of Common Stock into a greater number of shares, or (iii) combine or reclassify the outstanding Common Stock into a smaller number of shares, the number of Shares
issuable upon exercise of this Warrant at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be proportionately adjusted so that the Warrantholder after such
date shall be entitled to purchase the number of shares of Common Stock which such holder would have owned or been entitled to receive after such date had this Warrant been exercised immediately prior to such date. In such event, the Exercise Price
in effect at the time of the record date for such dividend or distribution or the effective date of such subdivision, combination or reclassification shall be adjusted to the number obtained by dividing (A) the product of (1) the number of
Shares issuable upon the exercise of this Warrant before such adjustment and (2) the Exercise Price in effect immediately prior to the dividend, distribution, subdivision, combination or reclassification giving rise to this adjustment by
(B) the new number of Shares issuable upon exercise of the Warrant determined pursuant to the immediately preceding sentence. 

  

	(b)	 Issuances Below Current Market Price. In the case the Company shall sell and issue any shares of Common Stock or Right (as defined below) at a price that is
lower than the Current Market Price in effect immediately prior to such sale or issuance, then the number of Shares thereafter purchasable upon the exercise of each Warrant shall be determined by multiplying the number of Shares theretofore
purchasable upon exercise of such Warrant by a fraction, (i) the numerator of which shall be the number of shares of Common Stock outstanding immediately after such sale or issuance and (ii) the denominator of which shall be (x) the
number of shares of Common Stock which the aggregate consideration received (determined as provided below) for such sale or issuance would purchase at such Current Market Price plus (y) the number of shares of Common Stock outstanding
immediately prior to such sale or issuance. In such event, the Exercise Price shall be multiplied by a fraction, the numerator of which is the number 

  

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of Shares issuable upon the exercise of this Warrant before such adjustment, and the denominator of which is the new number of Shares issuable upon exercise
of this Warrant determined in accordance with the immediately preceding sentence. For purposes of the calculation provided for in this Section 13(b), the shares of Common Stock which the holder of any such Right shall be entitled to subscribe
for or purchase shall be deemed to be issued and outstanding as of the date of such sale and issuance of such Right and the consideration received by the Company therefor shall be deemed to be the consideration received by the Company for such
Right, plus the consideration or premiums stated in such Right to be paid for the shares of Common Stock covered thereby. In case the Company shall sell and issue any Right together with one or more other securities as part of a unit at a price per
unit, then in determining the “Current Market Price” and the “consideration received by the Company” for purposes of this Section, the Board shall determine, in good faith, the fair value of the Right then being sold as part of
such unit. For purposes of this paragraph, a “Right” shall mean any right, option, warrant or convertible or exchangeable security containing the Right to subscribe for or acquire one or more shares of Common Stock, excluding the Warrants.
This Section 13(b) shall not apply to the issuance of shares of Common Stock or Rights: (i) in any offering underwritten by an investment bank of national standing, (ii) as consideration pursuant to the terms of an Approved
Transaction, (iii) pursuant to the terms of any stock option plan, agreement, award, grant or arrangement which provides for the issuance of shares or Rights to the directors, officers, employees and consultants of the Company or its
Subsidiaries, (iv) pursuant to a stock split, stock dividend or similar transaction, (v) to financial institutions, commercial lenders or any similar party, or their respective designees, in connection with the incurrence or guarantee of
indebtedness by the Company or any of its Subsidiaries or (vi) shares of Common Stock in respect of Rights that are either (x) outstanding on the date hereof substantially in accordance with the terms in effect on the date hereof or
(y) issued after the date hereof as long as, in the case of clause (y), such Rights were issued in compliance with this Section 13(b) or otherwise covered by another part of this Section 13. For purposes of clarity, the parties agree
that the issuance of shares of Common Stock upon exchange of any partnership units of Evercore LP for Common Stock shall not be subject to this Section 13(b). 

  

	(c)	 Other Distributions. In case the Company shall fix a record date for the making of a distribution (other than pursuant to a tender or exchange offer) to all
holders of shares of its Common Stock (i) of shares of any class or of any Person other than shares of Common Stock or (ii) of evidence of indebtedness of the Company or any Subsidiary or (iii) of assets (excluding dividends or
distributions referred to in Section 13(a), Regular Cash Dividends and any dividends or distributions in connection with liquidation, dissolution or winding up of the Company), or (iv) of rights or warrants, in each such case the number of
Shares issuable upon exercise of this Warrant shall be multiplied by a fraction, the numerator of which is the Current Market Price per share of Common Stock on such record date and the denominator of which is the Current Market Price per share of
Common Stock on such record date less the then fair market value (as determined in good faith by the Board) of said shares, evidences of indebtedness, assets, rights or warrants to be so distributed per share of Common Stock; such adjustment shall
take effect on the record date for such distribution. In such event, the Exercise Price shall be multiplied by a fraction, the numerator of which is the number of Shares issuable upon 

  

 11 

	 	 
the exercise of this Warrant before such adjustment, and the denominator of which is the new number of Shares issuable upon exercise of this Warrant
determined in accordance with the immediately preceding sentence. In the event that such distribution is not so made, the Exercise Price and the number of Shares issuable upon exercise of this Warrant then in effect shall be readjusted, effective as
of the date when the Board determines not to distribute such shares, evidences of indebtedness, assets, rights or warrants, as the case may be, to the Exercise Price that would then be in effect and the number of Shares that would then be issuable
upon exercise of this Warrant if such record date had not been fixed. 

  

	(d)	Certain Repurchases of Common Stock. In case the Company effects a Tender Offer Repurchase of Common Stock, then following the date on which the Expiration Time occurs, the
number of shares issuable upon exercise of this Warrant shall be multiplied by a fraction of which (i) the numerator is the sum of (A) the Aggregate Amount and (B) the product of (1) the number of shares of Common Stock
outstanding as of the Expiration Time, minus shares of Common Stock purchased in the tender offer or exchange offer, and (2) the Closing Price per share of the Common Stock on the first Trading Day immediately following the date on which the
Expiration Time occurs, and (ii) the denominator is the product of (A) the number of shares of Common Stock outstanding as of the Expiration Time (including shares of Common Stock purchased in the tender offer or exchange offer) and
(B) the Closing Price per share of the Common Stock on the first Trading Day immediately following the date on which the Expiration Time occurs. In such event, the Exercise Price shall be multiplied by a fraction, the numerator of which is the
number of Shares issuable upon the exercise of this Warrant before such adjustment, and the denominator of which is the new number of Shares issuable upon exercise of this Warrant determined in accordance with the immediately preceding sentence.

  

	(e)	Business Combinations. Subject to Section 17, in case of any Business Combination or reclassification of Common Stock (other than a reclassification of Common Stock
referred to in Section 13(a)), this Warrant after the date of such Business Combination or reclassification will be exercisable solely for the number of shares of stock or other securities or property (including cash) to which the Common Stock
issuable (at the time of such Business Combination or reclassification) upon exercise of this Warrant immediately prior to such Business Combination or reclassification would have been entitled upon such Business Combination or reclassification; and
in any such case, if necessary, the provisions set forth herein with respect to the rights and interests thereafter of the Warrantholder shall be appropriately adjusted so as to be applicable, to the extent reasonable, to any shares of stock or
other securities or property thereafter deliverable on the exercise of this Warrant. In determining the kind and amount of stock, securities or the property receivable upon consummation of such Business Combination or reclassification, if the
holders of Common Stock have the right to elect the kind or amount of consideration receivable upon consummation of such Business Combination, then the Warrantholder shall have the right to make a similar election upon exercise of this Warrant with
respect to the number of shares of stock or other securities or property which the Warrantholder will receive upon exercise of this Warrant. 

  

 12 

	(f)	Successive Adjustments. Successive adjustments in the Exercise Price and the number of shares of Common Stock issuable upon exercise of this Warrant shall be made, without
duplication, whenever any event specified in Sections 13(a), (b), (c), (d) and (e) shall occur. 

  

	(g)	Rounding of Calculations; Minimum Adjustments. All calculations under this Section 13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest
one-hundredth (1/100th) of a share, as the case may be. Any provision of this Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable shall be made if
the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of a share of Common Stock, but any such amount shall be carried forward and an adjustment with respect thereto shall be made at the time of and together with any
subsequent adjustment which, together with such amount and any other amount or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of Common Stock, or more. 

  

	(h)	Timing of Issuance of Additional Common Stock Upon Certain Adjustments. In any case in which the provisions of this Section 13 shall require that an adjustment shall
become effective immediately after a record date for an event, the Company may defer until the occurrence of such event (i) issuing to the Warrantholder of this Warrant exercised after such record date and before the occurrence of such event
the additional shares of Common Stock issuable upon such exercise by reason of the adjustment required by such event over and above the shares of Common Stock issuable upon such exercise before giving effect to such adjustment and (ii) paying
to such Warrantholder any amount of cash in lieu of a fractional share of Common Stock. 

  

	(i)	Adjustment for Unspecified Actions. If the Company takes any action affecting the Common Stock, other than actions described in this Section 13, which in the opinion of
the Board would materially and adversely affect the exercise rights of the Warrantholder, the Exercise Price for the Warrant and/or the number of Shares received upon exercise of the Warrant shall be adjusted for the Warrantholder’s benefit, to
the extent permitted by law, in such manner, and at such time, as such Board after consultation with the Warrantholder shall reasonably determine to be equitable in the circumstances. Failure of the Board to provide for any such adjustment will be
evidence that the Board has determined that it is equitable to make no such adjustments in the circumstances. 

  

	(j)	Voluntary Adjustment by the Company. The Company may at its option, at any time during the term of this Warrant, reduce the then current Exercise Price or increase the number
of Shares for which the Warrant may be exercised to any amount deemed appropriate by the Board; provided, however, that if the Company elects to make such adjustment, such adjustment will remain in effect for at least a 15-day period,
after which time the Company may, at its option, reinstate the Exercise Price or number of Shares in effect prior to such reduction or increase, as applicable, subject to any interim adjustments pursuant to this Section 13.

  

 13 

	(k)	Statement Regarding Adjustments. Whenever the Exercise Price or the number of Shares into which this Warrant is exercisable shall be adjusted as provided in this
Section 13, the Company shall forthwith file, at the principal office of the Company a statement showing in reasonable detail the facts requiring such adjustment and the Exercise Price that shall be in effect and the number of Shares into which
this Warrant shall be exercisable after such adjustment and the Company shall also cause a copy of such statement to be sent by mail, first class postage prepaid, to each Warrantholder at the address appearing in the Company’s records.

  

	(l)	Notices. In the event that the Company shall propose to take any action of the type described in this Section 13 (but only if the action of the type described in this
Section 13 would result in an adjustment in the Exercise Price or the number of Shares into which this Warrant is exercisable or a change in the type of securities or property to be delivered upon exercise of this Warrant), the Company shall
give notice to the Warrantholder, in the manner set forth in Section 13(k), which notice shall specify the record date, if any, with respect to any such action and the approximate date on which such action is to take place. Such notice shall
also set forth the facts with respect thereto as shall be reasonably necessary to indicate the effect on the Exercise Price and the number, kind or class of shares or other securities or property which shall be deliverable upon exercise of this
Warrant. In the case of any action which would require the fixing of a record date, such notice shall be given at least ten (10) days prior to the date so fixed, and in case of all other action, such notice shall be given at least fifteen
(15) days prior to the taking of such proposed action. Failure to give such notice, or any defect therein, shall not affect the legality or validity of any such action. 

  

	(m)	Miscellaneous. Except as provided in this Section 13, no adjustment in respect of any distributions made to Warrantholders of securities issuable upon exercise of this
Warrant will be made during the term of a Warrant or upon the exercise of a Warrant. 

  

	(n)	No Impairment. The Company will not, by any action, including, without limitation, amendment of its Certificate of Incorporation or through any reorganization, transfer of
assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action, intentionally avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but
will at all times in good faith assist in the carrying out of all the provisions of this Warrant and in taking of all such action as may be necessary or appropriate in order to protect the rights of the Warrantholder against impairment.

  

	(o)	Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to the taking of any action which would require an adjustment pursuant to this Section 13,
the Company shall take any action which may be necessary, including obtaining regulatory, New York Stock Exchange or stockholder approvals or exemptions, in order that the Company may thereafter validly and legally issue as fully paid and
nonassessable all shares of Common Stock that the Warrantholder is entitled to receive upon exercise of this Warrant pursuant to this Section 13. 

  

	(p)	Company Determination Final. The Company shall be responsible for making all calculations called for hereunder. These calculations include, but are not limited to, the
Exercise Price and the number of shares of Common Stock to be issued upon exercise of the Warrants. The Company shall make all these calculations in good faith and, absent manifest error, the Company’s calculations shall be final and binding on
the Warrantholder. 

  

 14 

 14. GOVERNING LAW. THIS WARRANT SHALL BE BINDING UPON ANY SUCCESSORS OR ASSIGNS OF THE COMPANY. THIS WARRANT SHALL
CONSTITUTE A CONTRACT UNDER THE LAWS OF THE STATE OF DELAWARE AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 15. Amendments. This Warrant may be amended and the observance of any term of this Warrant may be waived only with the written consent of the Company and the Warrantholder. 
 16. Notice. All notices hereunder shall be in writing and shall be effective (a) on the day on which delivered if delivered personally or transmitted by
telex or telegram or telecopier with evidence of receipt, (b) one Business Day after the date on which the same is delivered to an internationally recognized overnight courier service with evidence of receipt, or (c) five Business Days
after the date on which the same is deposited, postage prepaid, in the U.S. mail, sent by certified or registered mail, return receipt requested, and addressed to the party to be notified at the address indicated below for the Company, or at the
address for the Warrantholder set forth in the registry maintained by the Company pursuant to Section 9, or at such other address and/or telecopy or telex number and/or to the attention of such other person as the Company or the Warrantholder
may designate by ten-day advance written notice. 
 If to the Company at: 
 Evercore Partners Inc. 
 55 East 52nd Street,
42nd Floor 
 New York, New York 10055 
 Attention: Adam B. Frankel 
 Fax: +1 (212) 857-7426 
 with a copy to: 
 Simpson Thacher &
Bartlett LLP 
 425 Lexington Avenue 
 New York, New York 10017 
 Attention: Kathryn K. Sudol 
 Fax: +1 (212) 455-2502 
 17. Merger or Consolidation of the Corporation. The Company will not merge or
consolidate into, or sell, transfer or lease all or substantially all of its property to, any other Person unless the successor entity, transferee or lessee, as the case may be (if not the Company), expressly assumes the due and punctual performance
and observance of each and every covenant and condition of this Warrant to be performed and observed by the Company. 
  

 15 

 18. Entire Agreement. This Warrant and the forms attached hereto, and the Initial Holders Agreements and the
documents referenced therein, contain the entire agreement between the parties with respect to the subject matter hereof and supersede all prior and contemporaneous arrangements or undertakings with respect thereto. 
 (Remainder of Page Intentionally Left Blank) 
  

 16 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by a duly authorized officer.

  

			
	EVERCORE PARTNERS INC.
		
	By:	 	/s/ Ciara Burnham
	Name:	 	Ciara Burnham
	Title:	 	Senior Managing Director & Head of Corporate Development

 Dated: August 28, 2008 
 (Signature Page to Warrant Agreement) 

 Notice of Exercise of Warrant 
 The undersigned hereby elects to purchase, pursuant to the provisions of the Warrant to purchase shares of Class A Common Stock, par value $0.01 per share (“Shares”), issued by Evercore Partners Inc.
(the “Company”) and held by the undersigned (the “Warrant”), the original of which is attached hereto. Capitalized terms used but not defined herein shall have the meaning assigned to them in the Warrant. In connection with this
Notice of Exercise of Warrant, the undersigned hereby (check the applicable box): 
  

	 ̈	Tenders herewith payment of the Exercise Price in full in the form of cash, certified check or official bank check in the amount of
$                 for                  of such Shares.

  

	 ̈	Confirms that payment of the Exercise Price in full by means of a wire transfer in the amount of
$                 for                  of such Shares has been
made to the Company. 

  

	 ̈	Tenders herewith payment of the Exercise Price in full by the delivery herewith of Senior Notes with an Accreted Principal Amount plus accrued but unpaid interest of
$                 for                  of such Shares.

  

	 ̈	Confirms that payment of the Exercise Price in full by means of the delivery of Senior Notes with an Accreted Principal Amount plus accrued but unpaid interest of
$                 for                  of such Shares has been
made to the Company. 

  

	 ̈	Authorizes the Company to withhold, from the Shares that would otherwise be delivered to the Warrantholder upon such exercise,
                 Shares which, collectively, are equal in value to the aggregate Exercise Price as to which the Warrant is hereby being exercised based on the
Closing Price of the Common Stock on the Trading Day immediately prior to the date hereof of $                . 

 [To be signed only upon transfer of Warrant] 
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                         the right represented by the within Warrant to purchase
                 shares of the Class A Common Stock, par value $0.01, of Evercore Partners Inc. to which the within Warrant relates, and appoints
                 attorney to transfer said right on the books of Evercore Partners Inc. with full power of substitution in the premises. 
 Dated: 

					
			
	 	 		 	
		 		 	(Signature must conform in all respects to name of Warrantholder as specified on the face of the Warrant)
			
	 	 		 	  
		 		 	Address
	In the presence ofExecutive Employment Agreement, Lowell M. Fisher, Jr.

 Exhibit 10.59 
 LMF Employ Agree 
  Page
 1
 of 5 
  

 EXECUTIVE EMPLOYMENT AGREEMENT 
 Lowell M. Fisher 
 Whereas Certified Diabetic Services, Inc., a State of Delaware
Corporation (“the Company”) is in the business as a diabetic supplies mail order business complemented by other mail order business, products and services for it clients; and 
 Whereas Lowell M. Fisher, age 72, (“Executive”) located at 7149 Steepleview Road, Woodbury, Minnesota
55125 has been providing services under an existing contract that commenced October 31st, 2004 and expires March 31st, 2005. The Executive has been operating as its Chairman of the Board, during that time, positioning the company for the raise of capital, negotiating with
investors and investment funds, organizing the governance issues, working with lending institutions, developing the business plan, developing and maintaining the operating systems and accounting systems, working with counsel to defend the Company
from past employee legal action, and providing general broad management services to increase shareholder value for the Company; and 
 Whereas, the Company
wishes to retain the services of the Executive and the Executive wishes to have his services be retained by the Company. 
 Now, therefore, the parties agree
as follows: 
 Term of this Agreement: The terms and conditions of this agreement and the
employment of the Executive shall continue for three (3) consecutive one (1) year periods commencing on April 1st, 2005 and
terminating on March 31st , 2008. 
 Services of
the Executive: Executive is hereby expected to perform services for the Company for the term of the agreement in such capacity as by title and duties, Chairman of the Board of Directors whose responsibilities are defined in the Hand Book for
Directors, responsible for conducting and organizing the board meetings, is responsible for outside professionals consisting of legal counsel, monthly accounting review and auditor functions. In addition to the Board responsibilities, the Executive
is to perform operational and general management duties including upgrading existing operational control systems, developing management information systems, negotiate with investors and funding sources, provide strategic direction and over all
management direction to the President and CEO reporting to the Chairman of the Board. 
 Change of
Control: In the event of a change of control of the Company as defined by either the tax code, SEC regulations, company Articles of Incorporation, its By-Laws or change of control from the sale, merger or takeover of 15% of the Company by
individuals or another entity for whatever reason, this agreement shall remain in full force and effect until its natural termination on March 31st, 2008. 

 LMF Employ Agree 
 
Page
 2
 of 5 
  

 Compensation: The Company agrees to pay the Executive
$180,000 per year during the first annual year, 2005, and continuing through the third consecutive year through March 31st, 2008. Any increases in compensation during the term of this agreement are to be determined by the Board of Directors. Unpaid compensation of any sort in this
agreement shall be accrued and mutually agreed to be paid as is economically reasonable by the Company, further, upon the natural termination of this agreement, any unpaid compensation shall be paid over a mutually agreed upon period of time. In the
event of retirement or resignation by the Executive or termination by the Company with or without cause, before the natural termination of this agreement, all compensation ceases. 
 Insurance: The company agrees to pay all of the Executive’s family health and hospitalization insurance (“the Plan”) expenses with the exception of those portions of the Plan that are determined
to be paid by the Executive. In the event that certain medical coverage is not within the plan and those items missing are not covered by the Plan including family out of plan coverage for dental, eye, and dermatology expenses are agreed to be paid
by the Company for the term of this agreement. In addition, if and when the Executive reaches retirement as determined by covered by Medicare Part A and B, the company shall provide at its expense a full supplemental policy for the life of the
Executive. The Company, if financially reasonable as determined by the Board of Directors, at its expense shall provide Key Man life insurance directing the Company to be its beneficiary and an amount of life insurance of an equal amount to Key Man
insurance for the Executive as an individual shall be paid for by the company for the life of the Executive directing the Spouse or Life Estate to be the beneficiary. 
 Bonus Plan: 
 In addition to the above compensation, the
Company agrees to set up an annual performance bonus pool of funds that include the Executive, other key executives and employees in the Company. The bonus pool plan, as yet undetermined for 2005, is to be set during the 4th quarter of the previous year by the board of Directors, the Executive and the President CEO. The Executive has a shared responsibility with the President /
CEO for the development of the overall plan for the company. The Executive, the President / CEO and the Board of Directors must agree that the performance goals are achievable for the Company as set forth in each yearly plan. In addition, the
Executive and the President / CEO are to insure that other executives and employees that are to be included in the bonus pool, agree to the goals as set forth in the plan. The amount of the bonus pool to be paid to the Executive is based upon the
outcome and performance of the Company and is part of the overall bonus pool. The bonus pool goals are to include a net profit goal for the company and the bonus pool can be paid only after and when the net income goal is achieved. The amount of the
bonus pool to be paid shall not reduce the amount of net profit earned by the company and must be earned over and above the net profit of the Company. 
 401K Plans: 
 The Executive shall be enrolled in the 401K plans provided for by the Company. The Executive shall be deemed 100% vested in
401K Plans after attaining the age of 60. 

 LMF Employ Agree 
 
Page
 3
 of 5 
  

 Tax and Accounting Service: 
 The Company at its expense shall provide fully paid annual tax accounting and general accounting advice at no cost to the Executive, however amount of these services shall not exceed $2,000 per year. 
 Moving Expenses: 
 The Company desires that the Executive move and
change residence from the Executive’s home location in the State of Minnesota to becoming a resident of the State of Florida. Therefore, the Executive shall be compensated for any such moving expenses consisting of the following and including
any of the Executive’s interim rental housing prior to locating. These expenses include, but are not limited to, closing costs on the new home at the new location, selling commissions of the existing home in Minnesota, complete packing service
and shipping of the contents to Florida home, replacement insurance of all contents of the Executive’s Minnesota home, shipment and unloading of all of the contents of the Executive’s Minnesota home within the new location, plus any
storage and storage insurance before or after shipment from the former place of residence or to the new place of residence and the expense of one trip to Minnesota to close up the residence and execute the sale. Closing cost reimbursement of the new
location shall not exceed $10,000, selling expenses on the existing Minnesota residence shall not exceed reimbursement in the amount of $25,000. The expense of moving the Executive shall be determined by the Executive obtaining and selecting the
lowest of two bids from moving companies which are to include the expense of shipping all personal and household goods, damage and loss insurance, the packing and cost of any storage for the Executive’s personal and household goods. 

Communication Expenses: The Company shall pay all expenses for desktop and laptop computers, monitors, cabling, wiring and equipment required to provide wired
and wireless communication of email, web access and any remote connections to and from the office within the Executive’s residence. In addition, the company shall pay the monthly expenses for cellular phones and any high-speed communications
service charges to deliver these services. The company shall not pay for landline or landline long distance calls considered as personal that belong to the Executive. The Executive shall deduct any such land line personal calls for communication
expenses. 
 Travel Expenses: Reasonable and normal expenses for travel including vehicle, train, air and ground expenses shall be reimbursed by the
Company to the Executive on a prompt basis. The Executive is responsible for providing the proper receipts and documentation as acceptable to the Company accounting and audit rules and regulations for all such travel. Spousal travel is permitted,
providing that the Executive is responsible for those expenses that may be in addition to the Executive’s travel expense. In the event that the Executive is traveling for business 3 consecutive days or over a week-end, all of the expense of
Spousal travel shall be paid for by the Company. Business class shall be used by the Executive when travel exceeds 4 consecutive hours. In addition, the company shall pay to the Executive an auto allowance in an amount not to exceed $1,500 per month
to be used for an auto lease, licenses and insurance. State, local and Federal taxes shall be paid for by the Company and grossed up to provide for this allowance to be tax-free to the Executive. 

 LMF Employ Agree 
 
Page
 4
 of 5 
  

 Vacation: The Executive shall be entitled to a fully paid yearly vacation consisting of thirty (30) days
excluding the normal holiday closing of the Company between Christmas and New Years of each year which are not to be considered as part of the 30 days. Except by written approval of the Board of Directors, no more than fifteen (15) days may be
taken by the Executive as contiguous to each other and must have one month separation between any fifteen (15) days contiguous. Vacation unused by the Executive may be accrued from year to year at the discretion of the Executive. The Executive
may be compensated with fully vested stock options at the end of each fiscal year for any unused vacation during one single year, at the option of the executive. The stock options shall be equal in value to the compensation and price of the option
shall be based upon the average of the 90 day trailing price of the stock as calculated at the end of each fiscal year. 
 Termination: The Company
may terminate the Executive at any time, for cause, by written notice from the Board of Directors 
 Company Stock and Stock Options: The Executive
may from time to time purchase or may be awarded or presently may hold stock, warrants or stock options of the Company. The Stock, Warrants or Stock Options may be exercisable on a cashless-transaction basis where the Executive receives the
difference between the optimum market price for the option and the exercise price of the options less any applicable taxes, as required, to be deducted by the Company. 
 The Stock options are to have 10-year life and are not redeemable or to be cancelled by the Company upon termination of the Executive by either the Company or the Executive. All of the features including the 10-year
life for Executive options, the non-redeemable features and the cashless transaction features shall supersede any current or future stock, warrants or stock option policies or other agreements of the Company regarding Company stock, warrants, or
stock options. 
 Limited effect by Waiver of the Company: Should the Company waive or breach of any provision of this agreement by the Executive,
that waiver shall not operate or be construed as a waiver of further breach by the Executive. 
 Severability: If, for any reason, any provision of
this agreement is held invalid, all other provisions of this agreement shall remain in effect. If this agreement is held invalid or cannot be enforced, then to the full extent permitted by law any prior agreement between the Company (or any
predecessor thereof) and the Executive shall be deemed reinstated as if this agreement had not been executed. 
 Assumption of Agreement by Company’s
Successors and Assignees. The Company’s rights and obligations under this agreement will become the obligation of and be binding upon the Company’s successors and assignees. 

 LMF Employ Agree 
 
Page
 5
 of 5 
  

 Oral Modifications Not Binding: This agreement is the entire agreement of the Company and the Executive. Oral
modifications have no effect. It may be altered only by a written agreement approved by the Board of Directors and accepted by the Executive. 
 Indemnification: The Company shall in all instances and under all circumstances indemnify the Executive from any and all of his actions in performing his duties with the exception of felonious acts as proven guilty by a court of law.

 Governing Law: This agreement shall be governed by and construed in accordance with the laws of the State of Florida, County of Collier.

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of April 1,
2005, as of the 20th Day of July, 2005. 
 This
Executive Employment agreement between Certified Diabetic Services and Mr. Lowell Fisher, Chairman of the Board of Directors, has been ratified by a unanimous vote of the Board of Directors, Mr. Fisher removed himself from voting, at a
special meeting of the Board of Directors on July 20, 2005. See attached minutes of the meeting of the Board of Directors of July 20, 2005. 
  

									
	COMPANY	 		 	EXECUTIVE
	Certified Diabetic Services, Inc.	 		 	Lowell M. Fisher
	Mr. Brent Peterson, Secretary	 		 		 	/s/ Lowell M. Fisher
	By order of the Board of Directors	 		 	By:	 
				
	Its:	 	Secretary /s/ Brent Peterson	 		 	Certified Diabetic Services, Inc.

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