Clearpoint Business Resources, Inc
TERMINATION AGREEMENT
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.3 </B></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B><U>TERMINATION AGREEMENT </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-Height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2">This
TERMINATION AGREEMENT (the &#147;<B><U>Agreement</U></B>&#148;) is made and executed this 28</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2"> day of February, 2008, by and between ClearPoint
Business Resources, Inc., a Delaware corporation (the &#147;<B><U>Company</U></B>&#148;) and TZG Enterprises, LLC, a Delaware limited liability company (&#147;<B><U>TZG</U></B>&#148;). The Company and TZG may be referred to herein each as a
&#147;<B><U>Party</U></B>&#148; and collectively as the &#147;<B><U>Parties</U></B>.&#148; </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>B A C K G R O U N D </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Company and TZG are parties to a Franchise Agreement &#150; Management Agreement, dated August&nbsp;13, 2007, as amended by the Addendum,
dated August&nbsp;27, 2007 (collectively, the &#147;<B><U>Franchise Agreement</U></B>&#148;); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Company and TZG desire to
mutually terminate the Franchise Agreement as set forth herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE, in consideration of the mutual promises, terms and
conditions hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and TZG, intending to be legally bound, hereby agree as follows: </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. <U>Termination</U>. The Company and TZG hereby terminate the Franchise Agreement in its entirety. All rights, duties, obligations, liabilities or other provisions of
the Franchise Agreement that govern the Parties&#146; conduct after termination shall continue in effect according to their terms following termination including, but not limited to, Sections 5(e), 5(j), 5(m), 7 and 16 of the Franchise Agreement
(the &#147;<B><U>Surviving Provisions</U></B>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">2. <U>Release by the Company</U>. The Company and its directors, officers, employees, subsidiaries,
affiliates, agents, representatives, shareholders, successors and assigns (the &#147;<B><U>Company Releasing Parties</U></B>&#148;), hereby release, remise and forever discharge TZG and its directors, officers, employees, subsidiaries, affiliates,
agents, representatives, shareholders, successors and assigns (the &#147;<B><U>TZG Released Parties</U></B>&#148;), from any and all claims, damages, losses, injuries, suits, debts, liabilities, sums of money, accounts, covenants, controversies,
demands, actions, rights and causes of action of whatever kind or nature, at law or in equity, known or unknown, asserted or unasserted, suspected or unsuspected, foreseen or unforeseen, anticipated or unanticipated, accrued or unaccrued, made,
brought, or which could have been made or brought, that the Company Releasing Parties may have had or may presently have, against the TZG Released Parties solely in connection with or pertaining to the Franchise Agreement; <U>provided</U>,
<U>however</U>, nothing in this Section&nbsp;2 shall operate to release any obligations of TZG arising under the Surviving Provisions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. <U>Release by
TZG</U>. TZG and its directors, officers, employees, subsidiaries, affiliates, agents, representatives, shareholders, successors and assigns (the &#147;<B><U>TZG Releasing Parties</U></B>&#148;), hereby release, remise and forever discharge the
Company and its directors, officers, employees, subsidiaries, affiliates, agents, representatives, shareholders, successors and assigns (the </FONT>
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<FONT FACE="Times New Roman" SIZE="2">&#147;<B><U>Company Released Parties</U></B>&#148;), from any and all claims, damages, losses, injuries, suits, debts, liabilities, sums of money, accounts,
covenants, controversies, demands, actions, rights and causes of action of whatever kind or nature, at law or in equity, known or unknown, asserted or unasserted, suspected or unsuspected, foreseen or unforeseen, anticipated or unanticipated,
accrued or unaccrued, made, brought, or which could have been made or brought, that the TZG Releasing Parties may have had or may presently have, against the Company Released Parties solely in connection with or pertaining to the Franchise
Agreement; <U>provided</U>, <U>however</U>, nothing in this Section&nbsp;3 shall operate to release any obligations of the Company arising under the Surviving Provisions. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">4. <U>Miscellaneous</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">a. <U>Effective Date</U>. The provisions of this Agreement shall be effective as
of February&nbsp;18, 2008. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">b. <U>Governing Law</U>. This Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Pennsylvania without regard to conflicts of laws principles or which party is deemed to have drafted this Agreement or any provision hereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">c. <U>Entire Agreement</U>. This Agreement embodies the entire understanding of the parties and supersedes all prior understandings and agreements among the parties, written or oral. No modification or amendment of
this Agreement shall be valid or binding unless such modification or amendment is in writing and is signed by each of the parties hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">d. <U>Counterparts</U>. This Agreement may be executed in counterparts, each of which shall be binding as of the date hereof, and all of which shall constitute one and the same instrument. Each such copy shall be deemed an original, and it
shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>[SIGNATURES ON
FOLLOWING PAGE] </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, the parties have caused this Termination Agreement to be duly executed as of the day
and year first set forth above. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>COMPANY:</B></FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">CLEARPOINT BUSINESS RESOURCES, INC.</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Kurt Braun</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Name: Kurt Braun</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Title: CFO</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>TZG:</B></FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">TZG ENTERPRISES, LLC</FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Todd Warner</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Name: Todd Warner</FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Title: CEO</FONT></TD></TR>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>

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