Document:

TECHNOLOGY AGREEMENT

         This  Technology  Agreement (the  "Agreement") is entered into this 3rd
day of October 2006 (the  "Effective  Date"),  by and among National  Investment
Managers Inc. (the "NIM") and THE LAMCO GROUP, INC. ("Seller").

                              W I T N E S S E T H:

         WHEREAS,  the LAMCO Group,  Inc. (the  "Seller")  owned an aggregate of
fifty-five  (55) shares of common stock,  $1.00 par value,  of LAMORIELLO & CO.,
INC. ("LCI"), an aggregate of one thousand (1,000) shares of common stock, $1.00
par value,  of CIRCLE  PENSION,  INC.  ("CPI"),  and an aggregate of one hundred
(100) shares of common stock, $1.00 par value, of SOUTHEASTERN PENSION SERVICES,
INC.  (the  "SPSI"  and  together  with LCI and  CPI,  the  "Companies"),  which
ownership represented 100% of the outstanding equity interest of the Companies.

         WHEREAS,  Nicholas  J.  Lamoriello  ("Lamoriello")  owns  100%  of  the
outstanding equity interest of the Seller.

         WHEREAS,  the Seller,  Lamoriello  and the NIM have  entered  into that
certain  Stock  Purchase   Agreement   dated  October  3,  2006  (the  "Purchase
Agreement")  pursuant  to which  NIM  acquired  100% of the  outstanding  equity
interest of the Companies (the "Transaction").

         WHEREAS,  as further  inducement to enter into the Transaction,  Seller
and NIM have agreed to enter into this  Agreement  pursuant to which all parties
acknowledge  that  certain   technology   products  and/or  licenses  have  been
transferred  to the NIM  pursuant to the Purchase  Agreement  and to outline the
terms under which certain  technology  retained by Seller will be made available
to the Companies for a limited period of time.

         NOW, THEREFORE, in consideration of the mutual covenants, payments, and
agreements  set forth in this  Agreement,  NIM and the  Seller  intending  to be
legally bound thereby,  and hereby  warranting  that they each have the capacity
and  authority  to  execute  this  Agreement,  it is  agreed  by and  among  the
undersigned parties, as follows:

         1.  Acknowledgment.  NIM and the  Seller  hereby  acknowledge  that the
technology  products  and/or  licenses  set forth on  Exhibit A will  remain the
property of the Companies after the Closing pursuant to the Purchase Agreement.

                                       1
<PAGE>

         2.  Use  of  the  Seller  Technology.  Seller  agrees  to  provide  the
Companies,  and only the Companies,  with access to its  centralized  technology
infrastructure,  consisting  of its  centralized  data  server  and  storage  to
facilitate  centralized  workflow systems linked to each office and a Voice over
IP Phone system (collectively,  the "CTI") for a period of one (1) year from and
after the date of this  Agreement  (the  "Term").  Such  access and use shall be
provided  to the  Companies  by the  Seller at no cost to the  Companies  or NIM
except as set forth  below.  NIM hereby  agrees to pay its pro rata share of any
costs that are directly  related to the Companies use of the Voice over IP Phone
System.  Seller will invoice NIM for actual cost of phone calls  placed  through
the  system on behalf  of the  Companies.  NIM  further  agrees  that it will be
responsible  on a pro rata basis based on the use of such system for any and all
costs related to system  expansions or upgrades that may need to be  implemented
in order to properly  maintain  the  systems,  as  determined  by Seller and NIM
jointly,  provided,  however, in the event that such cost or improvement is less
$5,000 then Seller may implement  such  improvement  without the consent of NIM.
Such costs include,  without limitation,  costs related to required hardware and
software  and fees charged by technical  personnel  not employed by Seller;  and
license fees for any software upgrades during the Term, provided, however, costs
related to any  expansions  or upgrades to the CTI as used by the Seller must be
approved by the Seller.  Seller  agrees to use its best  efforts to maintain its
CTI are in good working condition during the Term.

         3. Build-out of NIM System.  During the term of this Agreement,  Seller
agrees to provide  assistance  to NIM with respect to the build-out of NIM's own
centralized  workflow  system and Voice over IP Phone  system.  In this  regard,
Seller's  technical  personnel  will work with NIM  personnel  on the design and
implementation  of such  systems.  It is  understood  and agreed  that  Seller's
technical  personnel will not provide  services to NIM on a full-time basis, and
that such  personnel  will  assist NIM subject to their  availability  and prior
commitments.  NIM will pay Seller a fee for such services in  accordance  with a
mutually agreed upon fee schedule.  Additionally, NIM will be solely responsible
for all other costs of building and implementing its systems including,  without
limitation, the costs associated with any and all required hardware and software
and the fees of any technical personnel not employed by Seller.

         4. Binding Agreement.  The terms of this Agreement are binding upon and
inure to the benefit of each of the parties hereto, their respective successors,
permitted  assigns,  dependents,  and all other related  persons,  affiliates or
associates.

         5.  Headings.  The  captions  of the  paragraphs  and  sections of this
Agreement are provided solely for  convenience,  and are not intended to, and in
fact, shall not affect the substance or meaning of this Agreement.

         6. Representation.  Each of the parties hereto represents that each has
read and fully understands each of the provisions as contained  herein,  and has
been afforded the  opportunity  to review same with his attorney of choice;  and
further that each of the parties  hereto  represents  that each and every one of
the  provisions  contained in this Agreement is fair and not  unconscionable  to
either party.

         7. Counterparts/Execution. This Agreement may be executed in any number
of   counterparts   and  by  the  different   signatories   hereto  on  separate
counterparts,  each of which, when so executed, shall be deemed an original, but
all such  counterparts  shall constitute but one and the same  instrument.  This
Agreement  may be executed by  facsimile  signature  and  delivered by facsimile
transmission.

                                       2
<PAGE>

         8. Entire  Agreement;  Assignment.  This Agreement and other  documents
delivered in  connection  herewith  represent the entire  agreement  between the
parties hereto with respect to the subject matter hereof and may be amended only
by a  writing  executed  by  all  parties.  Neither  party  has  relied  on  any
representations not contained or referred to in this Agreement and the documents
delivered herewith.  No right or obligation of either party shall be assigned by
that party without prior notice to and the written consent of the other party.

         9. Law Governing this  Agreement.  This Agreement  shall be governed by
and  construed  in  accordance  with the laws of the  State of New York  without
regard to  principles of conflicts of laws.  Any action  brought by either party
against the other  concerning the  transactions  contemplated  by this Agreement
shall be brought only in the state  courts of New York or in the federal  courts
located in the state of New York. The parties and the individuals executing this
Agreement  and other  agreements  referred to herein or delivered in  connection
herewith on behalf of NIM agree to submit to the jurisdiction of such courts and
waive trial by jury. The prevailing  party shall be entitled to recover from the
other  party its  reasonable  attorney's  fees and costs.  In the event that any
provision of this  Agreement  or any other  agreement  delivered  in  connection
herewith is invalid or  unenforceable  under any  applicable  statute or rule of
law, then such provision  shall be deemed  inoperative to the extent that it may
conflict  therewith and shall be deemed modified to conform with such statute or
rule of law. Any such provision which may prove invalid or  unenforceable  under
any law shall not affect the validity or  enforceability  of any other provision
of any agreement.

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

NATIONAL INVESTMENT MANAGERS INC.             THE LAMCO GROUP, INC.

By: /s/Leonard A. Neuhaus                     By: /s/Nicholas J. Lamoriello
Name:  Leonard A. Neuhaus                     Name:  Nicholas J. Lamoriello
Title:  COO/CFO                               Title:

                                       3
<PAGE>

                                    EXHIBIT A

ASC
Controller
Centralized accounting and billing processes and systems
Central document system
Timeslips

                                       4MANAGEMENT AGREEMENT

THIS MANAGEMENT  AGREEMENT (this "Agreement") made, entered into this 3rd day of
October,  2006 (the "Effective Date"), by and between Nicholas J. Lamoriello and
Stephen R. Zito,  each an individual  (hereinafter  referred to  collectively as
"Manager"),  and  National  Investment  Managers  Inc.,  a  Florida  corporation
(hereinafter referred to as "Corporation").

                              W I T N E S S E T H:

         WHEREAS,  Manager has provided  valuable  services to LAMORIELLO & CO.,
INC.,   CIRCLE  PENSION,   INC.  and   SOUTHEASTERN   PENSION   SERVICES,   INC.
(collectively,  the "Companies"),  which Companies the Corporation has this date
purchased  from THE LAMCO  GROUP,  INC.,  and the  Corporation  recognizes  that
Manager  is  fully  cognizant  of the  Companies'  operations  such  that  it is
desirable to retain Manager's services to manage the business of the Companies;

         WHEREAS,  Manager desires to provide such  management  services for the
Companies as an independent contractor,  with the understanding that the Manager
shall not be required to devote full time to the business of the  Companies  and
shall be free to pursue other  personal and business  interests on the terms and
subject to the conditions of this Agreement; and

         NOW, THEREFORE,  in consideration of the premises, the mutual covenants
of the parties herein contained and other good and valuable  consideration,  the
receipt and sufficiency of which are hereby  acknowledged by each of the parties
hereto, it is agreed as follows:

1. MANAGEMENT SERVICES. (a) The Corporation hereby engages the Manager to manage
the business and operations of the  Companies'  retirement  plan  administration
services  business  (the  "Companies  Business")  and Manager  hereby  agrees to
provide such services. The Corporation acknowledges and agrees that Manager will
not devote its full time to providing  services hereunder and that such services
will  be  provided  subject  to  Manager's  reasonable  availability  and  prior
commitments.

         (b) The  Manager  shall  have  primary  authority  with  respect to the
management,  direction and operation of the Companies' Business, subject only to
the direction and oversight of the Corporation's Chief Executive Officer ("CEO")
and the Board of Directors (the  "Board").  The Manager shall prepare and submit
to the  Corporation  for final approval an annual budget  ("Budget") for each of
the Companies,  setting forth the estimated receipts and expenditures  (capital,
operating, and other) of each Company for the balance of the current fiscal year
and annually thereafter at least sixty (60) days prior to the end of each fiscal
year. After review and agreement by the Corporation, the Manager shall implement
the Budget for each of the Companies and shall be  authorized,  without the need
for further approval, to incur the obligations provided for in each such Budget.
In the event of any material  change in any item indicated in the Budget for any
of the Companies, Manager shall promptly prepare and submit to the Corporation a
revised Budget  reflecting  such material change for review and agreement by the
Corporation.  The Manager  shall have the  authority to take actions  reasonably
necessary to carry out such budgeted and agreed upon expenditures.

<PAGE>

2.  RELATIONSHIP  BETWEEN  PARTIES.  During the term of this Agreement,  Manager
shall be deemed to be an independent contractor. Manager shall not be considered
as having an employee  status  vis-a-vis  the  Corporation,  or by virtue of the
management relationship hereunder (the "Management  Arrangement") being entitled
to participate in any plans,  arrangements or  distributions  by the Corporation
pertaining to or in connection with any pension,  stock,  bonus, profit sharing,
welfare  benefits,  or  similar  benefits  for  the  regular  employees  of  the
Corporation. The Corporation shall not withhold any taxes in connection with any
compensation  due Manager  hereunder,  and Manager will be  responsible  for the
payment of any such taxes and hereby agrees to indemnify the Corporation against
nonpayment thereof.

3. EXPENSE  REIMBURSEMENT.  The Manager shall not receive any  compensation  for
services provided  hereunder.  However,  the Corporation agrees to reimburse the
Manager for all of its expenses  incurred in  connection  with the  provision of
services hereunder.

4. TERM OF  MANAGEMENT  ARRANGEMENT.  (a)  Management  Arrangement  shall  begin
effective  as  of  the  Effective  Date  and  shall  continue  for a  period  of
twenty-four (24) months from the Effective Date (the "Management  Period").  The
Corporation may, upon written notice to Manager, immediately terminate Manager's
services for Cause and thereby  terminate the Management  Period.  "Cause" shall
exist if (i) Manager  materially  breaches any provision of this Agreement,  and
such breach remains  unremedied to the reasonable  satisfaction of the Board for
forty five (45) days after notice  thereof is given to Manager;  (ii) Manager is
convicted  of or pleads "no  contest"  to, a felony,  or any other  conduct of a
criminal nature (other than traffic  violations);  (iii) Manager is found guilty
of a material violation of laws related to retirement plan administration by any
judicial,  governmental or professional  organization  having  jurisdiction and,
based on that  violation,  is  suspended  or barred  from doing  business in the
retirement plan  administration  industry;  (iv) Manager is grossly negligent in
the performance of, or willfully  disregards,  his  obligations  hereunder,  (v)
Manager intentionally imparts material confidential  information relating to the
Corporation or any affiliate to competitors or to other third parties other than
in the course of carrying out Manager's  duties;  (vi) Manager fails to obey the
lawful directions of the CEO or the Board or willfully  violates any Corporation
policy  known to Manager or (vii)  Manager  engages in conduct  that  brings the
Corporation  or its  affiliated  into public  disgrace or disrepute and does not
correct such conduct within ten (10) days of notice thereof from Corporation.

         (b) Reference is hereby made to that certain Stock  Purchase  Agreement
pursuant to which the  Corporation  acquired  ownership  of the  Companies  (the
"Purchase Agreement").  Capitalized terms used in this Section 4(b) that are not
otherwise  defined in this Agreement shall have the meanings ascribed to them in
the  Purchase  Agreement.  The  Corporation  acknowledges  and agrees that if it
should  attempt to terminate this  Agreement  without CAUSE,  then the Companies
shall be deemed to have  attained the "Target  EBITDA" for both of the first two
(2) 12-month  periods  following the Closing Date under the Purchase  Agreement,
and the  Corporation  shall  immediately  pay to the Seller and its employees an
aggregate  Bonus of  $200,000.  In such event,  the  Corporation  shall  further
instruct the Escrow  Agent under the Purchase  Agreement to release the Escrowed
Shares to the Seller.

5. CONFIDENTIALITY COVENANTS.

         5.1 Acknowledgments by the Manager.  The Manager  acknowledges that (a)
during the Management  Period and as a part of the Management  Arrangement,  the
Manager will be afforded access to Confidential  Information (as defined below);
(b) public  disclosure of such  Confidential  Information  could have an adverse
effect on the  Corporation  and its  business;  and (c) the  provisions  of this
Section 5 are reasonable and necessary to prevent the improper use or disclosure
of Confidential Information.

                                       2
<PAGE>

         5.2 Agreements of the Manager. In consideration of the compensation and
benefits to be paid or provided  to the  Manager by the  Corporation  under this
Agreement, the Manager covenants as follows:

                  (a) During and following the  Management  Period,  the Manager
will hold in confidence the Confidential Information and will not disclose it to
any person except with the specific prior written  consent of the Corporation or
except as otherwise expressly permitted by the terms of this Agreement.

                  (b) Any trade secrets of the  Corporation  will be entitled to
all of the protections and benefits under New York law and any other  applicable
law. If any information that the Corporation deems to be a trade secret is found
by a court of  competent  jurisdiction  not to be a trade secret for purposes of
this Agreement, such information will, nevertheless,  be considered Confidential
Information  for  purposes  of this  Agreement.  The Manager  hereby  waives any
requirement that the Corporation submit proof of the economic value of any trade
secret or post a bond or other security.

                  (c) None of the foregoing obligations and restrictions applies
to any part of the Confidential Information that the Manager demonstrates was or
became generally  available to the public other than as a result of a disclosure
by the Manager.

                  (d)  The  Manager  will  not  remove  from  the  Corporation's
premises  (except to the extent such removal is for purposes of the  performance
of the  Manager's  duties at home or while  traveling,  or  except as  otherwise
specifically  authorized by the  Corporation)  any document,  record,  notebook,
plan, model,  component,  device, or computer software or code, whether embodied
in a disk or in any other form  (collectively,  the  "Proprietary  Items").  The
Manager recognizes that, as between the Corporation and the Manager,  all of the
Proprietary  Items,  whether or not developed by the Manager,  are the exclusive
property of the Corporation. Upon termination of this Agreement by either party,
or upon the request of the Corporation during the Management Period, the Manager
will return to the  Corporation  all of the  Proprietary  Items in the Manager's
possession or subject to the Manager's control, and the Manager shall not retain
any copies,  abstracts,  sketches,  or other  physical  embodiment of any of the
Proprietary Items.

         5.3 Disputes or  Controversies.  The Manager  recognizes  that should a
dispute or  controversy  arising from or relating to this Agreement be submitted
for  adjudication to any court,  arbitration  panel,  or other third party,  the
preservation of the secrecy of Confidential Information may be jeopardized.  All
pleadings,  documents,  testimony, and records relating to any such adjudication
will be  maintained  in secrecy  and will be  available  for  inspection  by the
Corporation,  the Manager,  and their respective attorneys and experts, who will
agree, in advance and in writing,  to receive and maintain all such  information
in secrecy, except as may be limited by them in writing.

         5.4  Definitions.  For the  purposes of this  Section 5,  "Confidential
Information" shall mean any and all:

                  (a) trade secrets  concerning  the business and affairs of the
Corporation,  product specifications,  data, know-how,  formulae,  compositions,
processes, designs, sketches, photographs, graphs, drawings, samples, inventions
and ideas,  past,  current,  and planned research and  development,  current and
planned  manufacturing  or distribution  methods and processes,  customer lists,
current and  anticipated  customer  requirements,  price lists,  market studies,
business plans, computer software and programs (including object code and source
code), computer software and database  technologies,  systems,  structures,  and
architectures  (and related  formulae,  compositions,  processes,  improvements,
devices, know-how,  inventions,  discoveries,  concepts, ideas, designs, methods
and information, and any other information,  however documented, that is a trade
secret under New York law;

                                       3
<PAGE>

                  (b)  information  concerning  the  business and affairs of the
Corporation  (which  includes   historical   financial   statements,   financial
projections  and budgets,  historical  and  projected  sales,  capital  spending
budgets  and  plans,  the  names and  backgrounds  of key  personnel,  personnel
training and techniques and materials, however documented; and

                  (c) notes, analysis,  compilations,  studies,  summaries,  and
other material prepared by or for the Corporation  containing or based, in whole
or in part, on any information included in the foregoing.

6. INTENTIONALLY LEFT BLANK.

7. NOTICES. All notices, consents,  waivers, and other communications under this
Agreement must be in writing and will be deemed to have been duly given when (a)
delivered by hand (with written confirmation of receipt),  (b) sent by facsimile
(with  written  confirmation  of  receipt),  provided  that a copy is  mailed by
registered  mail,  return  receipt  requested,  or  (c)  when  received  by  the
addressee,  if  sent  by a  nationally  recognized  overnight  delivery  service
(receipt  requested),  in each case to the  appropriate  addresses and facsimile
numbers set forth below (or to such other  addresses and facsimile  numbers as a
party may designate by notice to the other parties):

      (a) if to the Corporation, to it at: with a copy to:

        National Investment Managers Inc.    Gregory Sichenzia, Esq.
        420 Lexington Avenue, Suite 2420     Sichenzia Ross Friedman Ference LLP
        New York, New York  10170            1065 Avenue of the Americas
        Attn:  Leonard Neuhaus, COO/CFO      New York, NY 10018
        Phone:  (212) 389-7832               Fax: (212) 930-9725
        Facsimile: (212) 389-7831

      (b) if to Manager, to them at: with a copy to:

        c/o Nicholas J. Lamoriello           E. Colby Cameron, Esq.
        11801 Coniston Way                   Cameron & Mittleman LLP
        Windemere, Florida 34786             56 Exchange Terrace
        Phone: (407) 531-5500                Providence, Rhode Island 02903
        Facsimile:  (407) 909-9487           Phone:  (401) 331-5700
                                               Facsimile:  (401) 331-5787

                                       4
<PAGE>

8. BINDING EFFECT. This Agreement shall extend to, shall inure to the benefit of
and  shall  be  binding  upon  all the  parties  hereto  and  upon  all of their
respective heirs, successors and representatives.

9. ENTIRE AGREEMENT.  This Agreement,  including the agreements  incorporated by
reference,  contains the entire  Agreement among the parties hereto with respect
to the matters  contemplated  hereby and  supersedes  all prior  agreements  and
undertakings  between the parties with respect to such matters.  This  Agreement
may not be  amended,  modified  or  terminated  in whole or in part,  except  in
writing, executed by each of the parties hereto.

10. SEVERABILITY. Should any part of any provision of this Agreement be declared
invalid by a court of competent  jurisdiction,  such  decision or  determination
shall not affect the validity of any remaining  portion of such provision or any
other  provision and the  remainder of the Agreement  shall remain in full force
and  effect  and  shall be  construed  in all  respects  as if such  invalid  or
unenforceable  provision or portion  thereof were not contained  herein.  In the
event of a declaration of invalidity,  the provision or portion thereof declared
invalid shall not  necessarily  be  invalidated  in its  entirety,  but shall be
observed  and  performed  by the  parties to the  Agreement  to the extent  such
provision is valid and enforceable.

11. SECTION HEADINGS.  The section headings contained herein are for convenience
of  reference  only and  shall not be  considered  any part of the terms of this
Agreement.

12.  CHOICE  OF LAW.  This  Agreement  shall be  interpreted  and  performed  in
accordance  with  the laws of the  State of New  York,  and the  parties  agree,
notwithstanding  the  principles  of conflicts of law, that the internal laws of
the State of New York shall  govern and  control the  validity,  interpretation,
performance, and enforcement of this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       5
<PAGE>

         IN  WITNESS  WHEREOF,  Manager  has  hereunto  put  his  hand,  and the
Corporation  has caused this  instrument to be executed in its corporate name by
its duly authorized officer, all as of the day and year first above written.

                                              MANAGER:

                                              /s/Nicholas J. Lamoriello
                                              Nicholas J. Lamoriello

                                              /s/Stephen R. Zito
                                              Stephen R. Zito

                                              CORPORATION:

                                              National Investment Managers Inc.

                                     By:      /s/Leonard A. Neuhaus
                                              Leonard A. Neuhaus, COO.CFO

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]