0001214659-10-001475 Sample Contracts

CONSULTING AGREEMENT
Consulting Agreement • May 20th, 2010 • National Patent Development Corp • Miscellaneous manufacturing industries • New York

These Contractor Retention Terms (this “Agreement”) set forth the understanding between you ("you" or “your”) and National Patent Development Corporation (the “Company”) concerning the terms of your retention by the Company as a consultant.

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NON-COMPETITION AGREEMENT
Non-Competition Agreement • May 20th, 2010 • National Patent Development Corp • Miscellaneous manufacturing industries • Delaware

THIS NON-COMPETITION AGREEMENT (this “Agreement”) is made and entered into as of January 15, 2010 by and between The Merit Group, Inc., a South Carolina corporation (“Buyer”) and National Patent Development Corporation, a Delaware corporation (“Seller”; Buyer and Seller are referred to collectively as the “Parties”).

ESCROW AGREEMENT
Escrow Agreement • May 20th, 2010 • National Patent Development Corp • Miscellaneous manufacturing industries • New York

THIS ESCROW AGREEMENT (as the same may be amended or modified from time to time pursuant hereto, this (“Escrow Agreement”) is made and entered into as of January 15, 2010, by and among The Merit Group, Inc., a South Carolina corporation (“Merit”), National Patent Development Corporation, a Delaware corporation (“NPDC”, and together with Merit, sometimes referred to individually as “Party” or collectively as the “Parties”), and JPMorgan Chase Bank, National Association (the “Escrow Agent”).

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