0001144204-08-025361 Sample Contracts

PURCHASE AGREEMENT
Assignment and Assumption Agreement • May 1st, 2008 • Sagemark Companies LTD • Services-specialty outpatient facilities, nec • Florida

AGREEMENT made as of the 14th day of April, 2008 by and between PREMIER PET IMAGING OF JACKSONVILLE, LLC, a Florida limited liability company with offices at 4710 N.W. Boca Raton Blvd., Suite 200, Boca Raton, Florida 33431 (“Seller”), ASCENT DIAGNOSTIC IMAGING OF JACKSONVILLE, LLC, a Florida limited liability company with offices at 2100 S.E. Ocean Blvd., Suite 102, Stuart, Florida 34996 (the “Buyer”), and THE SAGEMARK COMPANIES LTD., a New York corporation duly qualified to transact business in the State of Florida and parent of Seller with offices at 4710 N.W. Boca Raton Blvd., Suite 200, Boca Raton, Florida 33431 (“Sagemark”). For the limited purposes provided herein, Sagemark shall be a party to this Agreement.

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ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • May 1st, 2008 • Sagemark Companies LTD • Services-specialty outpatient facilities, nec

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT, herein "Agreement," dated this 24th day of April, 2008, is by and between Assignor and Assignee and regards Assignor's assignment to Assignee and Assignee's assumption, effective as of the Effective Date, of all of Assignor's rights, duties and obligations under the Contracts.

ASSIGNMENT AND ASSUMPTION AGREEMENT
Assignment and Assumption Agreement • May 1st, 2008 • Sagemark Companies LTD • Services-specialty outpatient facilities, nec

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT, herein "Agreement," dated this 24th day of April, 2008, is by and between Assignor and Assignee and regards Assignor's assignment to Assignee and Assignee's assumption, effective as of the Effective Date, of all of Assignor's rights, duties and obligations under the Contracts.

AGREEMENT FOR CANCELLATION OF LEASEHOLD INTEREST
Cancellation of Leasehold Interest • May 1st, 2008 • Sagemark Companies LTD • Services-specialty outpatient facilities, nec

This Agreement for Cancellation and Surrender of Lease, dated this 31st day of March, 2008 is made and entered into by and between Tamarac Center, LLC, a Florida Limited Liability Company hereinafter referred to "Landlord" and The Sagemark Companies, Ltd., a New York Corporation referred to as "Tenant".

WAIVER
Waiver • May 1st, 2008 • Sagemark Companies LTD • Services-specialty outpatient facilities, nec

This shall confirm that Fagien hereby waives his entitlement to all compensation payable to him by Sagemark for services rendered by Fagien under the Reading Agreement, through and including the date hereof.

TERMINATION AGREEMENT
Termination Agreement • May 1st, 2008 • Sagemark Companies LTD • Services-specialty outpatient facilities, nec • New York

WHEREAS, Employee and Sagemark are parties to that certain Employment Agreement dated October 25, 2005, as amended (the “Employment Agreement”); and

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