Exhibit 10.1

 

AMENDMENT TO REGISTRATION RIGHTS AGREEMENT

 

This AMENDMENT dated as of February 23, 2005 (this “Amendment”) to the
Registration Rights Agreement (the “Agreement”), dated as of January 27, 2005,
by and among eMerge Interactive, Inc. (the “Company”), Omicron Master Trust,
Cranshire Capital, LP and Steelhead Investments Ltd. (the “Investors”) is
entered into by and among the Company and each of the Investor.

 

RECITALS

 

WHEREAS, the Company and each Investor desire that the Agreement be amended as
set forth herein.

 

NOW, THEREFORE, the parties hereby agree as follows:

 

1. Defined Terms. Any and all initially capitalized terms set forth without
definition in this Amendment shall have the respective meanings ascribed thereto
in the Agreement.

 

2. Amendment. The definitions of “Effectiveness Date” and “Filing Date” in
Section 1 of the Agreement are hereby amended and restated to read as follows:

 

“Effectiveness Date” means (a) with respect to the initial Registration
Statement required to be filed pursuant to Section 2(a), the earlier of: (a)(i)
the 120th day following the Closing Date and (ii) the fifth Trading Day
following the date on which the Company is notified by the Commission that the
initial Registration Statement will not be reviewed or is no longer subject to
further review and comments, and (b) with respect to any additional Registration
Statements that may be required pursuant to Section 2(b), the 90th day following
the date on which the Company first knows, or reasonably should have known, that
such additional Registration Statement is required under such Section.

 

“Filing Date” means (a) with respect to the initial Registration Statement
required to be filed pursuant to Section 2(a), the 60th day following the
Closing Date, and (b) with respect to any additional Registration Statements
that may be required pursuant to Section 2(b), the 30th day following the date
on which the Company first knows, or reasonably should have known, that such
additional Registration Statement is required under such Section.

 

3. Effectiveness. This Amendment shall become effective on the date hereof.

 

4. Counterparts. This Amendment may be executed in any number of counterparts
and by different parties on separate counterparts, each of which when so
executed and delivered shall be deemed an original and all of which when taken
together, shall constitute but one and the same instrument.

 

5. Otherwise Not Affected. In the event of any conflict or inconsistency between
the Agreement and the provisions of this Amendment, the provisions of this
Amendment shall govern. Except to the extent set forth herein with respect to
the Agreement, the Agreement shall remain unaltered and in full force and
effect.

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[Signature Page Follows]

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment by their
respective duly authorized officers as of the date first above written.

 

COMPANY: eMerge Interactive, Inc. By:  

/s/ Robert E. Drury

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    Robert E. Drury     Executive Vice President and Chief Financial Officer
HOLDERS: Omicron Master Trust By: Omicron Capital L.P., as advisor By: Omicron
Capital Inc., its general partner By:  

 

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By:     Title:     Steelhead Investments Ltd. By: HBK Investments L.P.,
Investment Advisor By:  

/s/ Kevin O’Neil

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Name:   Kevin O’Neil Title:   Authorized Signatory Cranshire Capital, LP By:  

/s/ Mitchell P. Kopin

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Name:   Michell P. Kopin Title:   President – Downsview Capital     The General
Partner