Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.99

SECOND AMENDMENT TO COMMON STOCK PURCHASE WARRANT

This Second Amendment to Common Stock Purchase Warrant (this “Amendment”), effective as of
February 29, 2008, by and between Applied Digital Solutions, Inc., a Delaware corporation (the
“Company”), Laurus Master Fund, Ltd. (“Laurus”), PSource Structured Debt Limited, a Guernsey
limited liability closed-ended company (“PSource”) and Valens U.S. SPV I, LLC (“VON” and together
with Laurus and PSource, the “Purchasers” and each, a “Purchaser”), amends that certain Common
Stock Purchase Warrant, issued as of August 24, 2006, as amended on August 31, 2007, by the Company
in favor of Laurus Master Fund, Ltd. and exercisable into up to 1,719,745 shares of Common Stock of
the Company (as amended, modified or supplemented from time to time, the “Warrant”). Capitalized
terms used but not defined herein shall have the meanings given them in the Securities Purchase
Agreement, dated as of August 24, 2006, by and between the Company and Laurus (as amended, modified
or supplemented from time to time, the “Purchase Agreement”).

PREAMBLE

WHEREAS, pursuant to the terms of the Purchase Agreement, the Company issued and sold the
Warrant to Laurus;

WHEREAS, Laurus subsequently assigned a portion of the Warrant to each of VON and PSource, in
the amount of 43,007 shares of Common Stock of the Company and
1,676,738 shares of Common Stock of the Company, respectively; and

WHEREAS, the Warrant was previously amended on August 31, 2007 and the Purchasers and the
Company again desire to amend the Warrant in connection with the Amendment of Warrants and
Conditional Consent to Asset Sales made and entered into effective as of February 29, 2008, by and
among Kallina Corporation, a Delaware corporation, Laurus, VON, Valens Offshore SPV I, Ltd.,
PSource, Valens Offshore SPV II, CORP., a Delaware corporation, and the Company.

NOW, THEREFORE, in consideration of the covenants, agreements and conditions hereinafter set
forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1. The definition of “Exercise Price” in the Warrant is hereby deleted and replaced by the
following:

The “Exercise Price” applicable under this Warrant shall be the price of $0.70 per share for
each share acquired hereunder.

2. This Amendment shall be effective as of the date hereof following the execution and
delivery of this Amendment by each of the Company, Laurus, VON and PSource (the “Amendment
Effective Date”).

 

 

 

3. Except as specifically set forth in this Amendment, there are no other amendments,
modifications or waivers to the Warrant, and all of the other forms, terms and provisions of the
Warrant remains in full force and effect.

4. From and after the Amendment Effective Date, all references in the Purchase Agreement and
the Related Agreements referred to therein to the “Warrant” shall be deemed to be references to the
“Warrant” as modified hereby.

5. This Amendment shall be binding upon the parties hereto and their respective successors and
permitted assigns and shall inure to the benefit of and be enforceable by each of the parties
hereto and their respective successors and permitted assigns. THIS AMENDMENT SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. This Amendment
may be executed in any number of counterparts, each of which shall be an original, but all of which
shall constitute one instrument.

[signature page follows]

 

 

 

IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment or has caused this
Amendment to be executed on its behalf by a representative duly authorized, all as of the date
first above set forth.

	 	 	 	 	 	 	 
	COMPANY:	 	PURCHASER:
	 
	 	 	 	 	 	 
	APPLIED DIGITAL SOLUTIONS, INC.	 	LAURUS MASTER FUND, LTD.
	 
	 	 	 	 	 	 
	By:

	 	/s/ Lorraine M. Breece
	 	By:
	 	/s/ Scott Bluestein
	 

	 	 
	 	 	 	 
	Name:

	 	Lorraine M. Breece
	 	Name:
	 	Scott Bluestein
	 

	 	 
	 	 	 	 
	Title:

	 	Senior VP and Acting CFO
	 	Title:
	 	Authorized Signatory
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	VALENS U.S. SPV I, LLC
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Scott Bluestein
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Scott Bluestein
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Authorized Signatory
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	PSOURCE STRUCTURED DEBT LIMITED
	 
	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Scott Bluestein
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Scott Bluestein
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Authorized Signatory
	 

	 	 	 	 	 	 

 

Second Amendment to Common Stock Purchase WarrantFiled by Bowne Pure Compliance

 

Exhibit
10.112

AMENDMENT TO COMMON STOCK PURCHASE WARRANT

This Amendment to Common Stock Purchase Warrant (this “Amendment”), effective as of February 29, 2008,
by and between Applied Digital Solutions, Inc., a Delaware corporation (the “Company”), and Valens
Offshore SPV I, Ltd. (“Holder”) amends that certain Common Stock Purchase Warrant,
issued as of October 31, 2007, by the Company in favor of Holder and exercisable into up to
1,269,431 shares of Common Stock of the Company (as amended, modified or supplemented from time to
time, the “Warrant”).

PREAMBLE

WHEREAS, the Company issued and sold the Warrant to Holder;

WHEREAS, the parties wish to amend the Warrant in connection with the Amendment of Warrants
and Conditional Consent to Asset Sales made and entered into effective as of February 29, 2008, by
and among Kallina Corporation, a Delaware corporation, Laurus Master Fund, Ltd., a Delaware
corporation, Valens U.S. SPV I, LLC, a Delaware corporation, Holder, Valens Offshore SPV II, Corp.,
a Delaware corporation, PSource Structured Debt Limited, a Guernsey limited liability closed-ended
company, and the Company.

NOW, THEREFORE, in consideration of the covenants, agreements and conditions hereinafter set
forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1. The definition of “Exercise Price” in the Warrant is hereby deleted and replaced by the
following:

The “Exercise Price” applicable under this Warrant shall be the price of $0.70 per share for
each share acquired hereunder.

2. This Amendment shall be effective as of the date hereof following the execution and
delivery of this Amendment by each of the Company and Holder (the “Amendment Effective Date”).

3. Except as specifically set forth in this Amendment, there are no other amendments,
modifications or waivers to the Warrant, and all of the other forms, terms and provisions of the
Warrant remains in full force and effect.

4. This Amendment shall be binding upon the parties hereto and their respective successors and
permitted assigns and shall inure to the benefit of and be enforceable by each of the parties
hereto and their respective successors and permitted assigns. THIS AMENDMENT SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. This Amendment
may be executed in any number of counterparts, each of which shall be an original, but all of which
shall constitute one instrument.

 

 

 

IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment or has caused this
Amendment to be executed on its behalf by a representative duly authorized, all as of the date
first above set forth.

	 	 	 	 	 	 	 
	COMPANY:	 	HOLDER:
	 
	 	 	 	 	 	 
	APPLIED DIGITAL SOLUTIONS, INC.	 	VALENS OFFSHORE SPV I, LTD.
	 
	 	 	 	 	 	 
	By:

	 	/s/ Lorraine M. Breece
	 	By:
	 	/s/ Scott Bluestein
	 

	 	 
	 	 	 	 
	Name:

	 	Lorraine M. Breece
	 	Name:
	 	Scott Bluestein
	 

	 	 
	 	 	 	 
	Title:

	 	Senior VP and Acting CFO
	 	Title:
	 	Authorized Signatory
	 

	 	 
	 	 	 	 

 

Amendment to Common Stock Purchase WarrantFiled by Bowne Pure Compliance

 

Exhibit
10.141

AMENDMENT TO REPLACEMENT

COMMON STOCK PURCHASE WARRANT

This Amendment to Replacement Common Stock Purchase Warrant (this “Amendment”), effective as of February
29, 2008, by and between Applied Digital Solutions, Inc., a Delaware corporation (the “Company”)
and Kallina Corporation (the “Holder”) amends that certain Replacement Common Stock
Purchase Warrant, dated as of February 22, 2008, issued by the Company in favor of Holder and
exercisable into up to 1,354,839 shares of Common Stock of the Company (as amended, modified or
supplemented from time to time, the “Warrant”).

PREAMBLE

WHEREAS, Digital Angel Corporation, a Delaware corporation (“Digital Angel”), issued a warrant
to Holder, dated August 31, 2007 (the “Original Warrant”), to purchase from Digital Angel up to
967,742 fully paid and nonassessable shares of common stock, $0.005 par value per share, at the
exercise price of $1.69 for all shares acquired thereunder.

WHEREAS, effective December 28, 2007, Digital Angel Acquisition Corp., a Delaware corporation,
merged with and into Digital Angel, with Digital Angel surviving and becoming a wholly-owned
subsidiary of the Company, pursuant to that certain Agreement and Plan of Reorganization, dated
August 8, 2007, as amended, among the Company, Digital Angel and Digital Angel Acquisition Corp.
(the “Merger Agreement”).

WHEREAS, pursuant to the Merger Agreement, each of the then-outstanding warrants to purchase
shares of Digital Angel common stock were converted into a warrant to purchase that number of whole
shares of Common Stock (as defined herein) of the Company determined by multiplying the number of
shares of Digital Angel common stock subject to such Digital Angel warrant by 1.4 shares, at an
exercise price per share of Common Stock of the Company equal to the exercise price per share of
such Digital Angel warrant immediately prior to the effective time of the merger divided by 1.4,
rounded up to the nearest whole cent (the “Merger Consideration”).

WHEREAS, as a result of the foregoing, the Original Warrant was cancelled and the Warrant,
containing substantially similar terms as the Original Warrant, except to reflect the Merger
Consideration, was issued by the Company to the Holder.

WHEREAS, the parties wish to amend the Warrant in connection with the Amendment of Warrants
and Conditional Consent to Asset Sales made and entered into effective as of February 29, 2008, by
and among Holder, Laurus Master Fund, Ltd., a Delaware corporation, Valens U.S. SPV I, LLC, a
Delaware corporation, Valens Offshore SPV I, Ltd., a Cayman Islands company, Valens Offshore SPV
II, Corp., a Delaware corporation, PSource Structured Debt Limited, a Guernsey limited liability
closed-ended company, and the Company.

 

 

 

NOW, THEREFORE, in consideration of the covenants, agreements and conditions hereinafter set
forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

1. The definition of “Exercise Price” in the Warrant is hereby deleted and replaced by the
following:

The “Exercise Price” applicable under this Warrant shall be the price of $0.70 per share for
each share acquired hereunder.”

2. This Amendment shall be effective as of the date hereof following the execution and
delivery of this Amendment by each of the Company and Holder.

3. Except as specifically set forth in this Amendment, there are no other amendments,
modifications or waivers to the Warrant, and all of the other forms, terms and provisions of the
Warrant remains in full force and effect.

4. This Amendment shall be binding upon the parties hereto and their respective successors and
permitted assigns and shall inure to the benefit of and be enforceable by each of the parties
hereto and their respective successors and permitted assigns. THIS AMENDMENT SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK. This Amendment
may be executed in any number of counterparts, each of which shall be an original, but all of which
shall constitute one instrument.

[signature page follows]

 

2

 

IN WITNESS WHEREOF, each of the parties hereto has executed this Amendment or has caused this
Amendment to be executed on its behalf by a representative duly authorized, all as of the date
first above set forth.

	 	 	 	 	 	 	 
	COMPANY:	 	HOLDER:
	 
	 	 	 	 	 	 
	APPLIED DIGITAL SOLUTIONS, INC.	 	KALLINA CORPORATION
	 
	 	 	 	 	 	 
	By:

	 	/s/ Lorraine M. Breece
	 	By:
	 	/s/ Scott Bluestein
	 

	 	 
	 	 	 	 
	Name:

	 	Lorraine M. Breece
	 	Name:
	 	Scott Bluestein
	 

	 	 
	 	 	 	 
	Title:

	 	Senior VP and Acting CFO
	 	Title:
	 	Authorized Signatory
	 

	 	 
	 	 	 	 

 

Amendment to Replacement Common Stock Purchase Warrant

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