Document:

Exhibit
10.3

INTERIM MANAGEMENT AGREEMENT

This Interim Management Agreement (the “Agreement”) is dated as of
September 20, 2006 by and between Crdentia Corp., a Delaware corporation (“Crdentia”), and iVOW, Inc., a Delaware
corporation (the “Company”).

WHEREAS, Crdentia and the Company are parties to that
certain Agreement and Plan of Merger and Reorganization dated of even date
herewith (the “Merger Agreement”),
which describes the terms of the proposed acquisition of the Company by
Crdentia (the “Acquisition”).

WHEREAS, the Parties desire to transfer the direction
and control of the operations of the Company to Crdentia as of the Effective
Date (as that term is defined below) on an interim basis subject to the final
approval of the Acquisition by the stockholders of the Company and the closing
of the Acquisition in accordance with the terms of the Merger Agreement.

WHEREAS, Crdentia and the Company desire to enter into
this Agreement with the purpose and intent of memorializing their agreements
regarding the terms and conditions for the transfer of direction and control of
the operations of the Company to Crdentia on an interim basis, and the related
transactions described herein.

NOW, THEREFORE, in consideration of the premises and
the mutual covenants of the parties set forth herein, and of other good and
valuable consideration, the receipt and adequacy of which each party hereby
acknowledges, the parties hereto agree as follows:

1.             Transfer of Company Operations.  The operation and control of the Company shall
be transferred from the Company to Crdentia in accordance with this Agreement
as of midnight (Pacific Standard Time) on September 20, 2006 (the “Effective Date”).

2.             Representations
and Warranties of Company.  The
Company hereby covenants, represents and warrants as follows:

(a)           The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware.

(b)           The Company has full legal power and
authority to enter into and deliver this Agreement and perform the transactions
contemplated herein.

(c)           All consents, approvals, resolutions,
authorizations, actions or orders required of the Company for the
authorization, execution and delivery of, and for the consummation of the
transactions contemplated by, this Agreement have been obtained, except if and
to the extent that the approval of the stockholders of the Company is required.

(d)           This Agreement when executed and
delivered will constitute the Company’s legal, valid and binding obligation
enforceable in accordance with its terms.

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(e)           The execution and delivery of this
Agreement, and the fulfillment of and compliance with the terms and provisions
hereof, do not conflict with or violate any judicial or administrative order,
award, judgment or decree applicable to the Company, or violate or conflict
with any of the terms, conditions or provisions of the Company’s Certificate of
Incorporation, Bylaws or other organizational documents, or any contract
between the Company and any third person or entity (whether with or without
notice or passage of time).

(f)            The Company has sole and complete
ownership or lawful control over the property and facilities used by the
Company in its operations.

(g)           The Company has operated its property
and facilities, and as of the commencement of this Agreement will be, in
substantial compliance with all applicable federal, state and local laws, rules
and regulations any violation of which could have a material adverse impact on
its business, or its operations, financial condition or business prospects.

(h)           The Company shall have sole and
absolute responsibility for and shall pay when and as due, any and all income
taxes imposed on the Company.

3.             Representations
and Warranties of Crdentia.  Crdentia
hereby covenants, represents and warrants as follows:

(a)           Crdentia is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware.

(b)           Crdentia has full legal power and
authority to enter into and deliver this Agreement and perform the transactions
contemplated herein.

(c)           All consents, approvals, resolutions,
authorizations, actions or orders required of Crdentia for the authorization,
execution and delivery of, and for the consummation of the transactions
contemplated by, this Agreement have been obtained.

(d)           This Agreement when executed and
delivered will constitute Crdentia’s legal, valid and binding obligation
enforceable in accordance with its terms.

(e)           The execution and delivery of this
Agreement, and the fulfillment of and compliance with the terms and provisions
hereof, do not conflict with or violate any judicial or administrative order,
award, judgment or decree applicable to Crdentia, or violate or conflict with
any of the terms, conditions or provisions of Crdentia’s Certificate of Incorporation,
Bylaws or other organizational documents, or any contract between Crdentia and
any third person or entity (whether with or without notice or passage of time).

4.             Management
of Company by Crdentia.

(a)           Authority of Crdentia.  Subject to the covenants, conditions and
restrictions set forth in this Agreement, and subject to existing contractual
obligations of the Company, Crdentia shall have and the Company hereby
delegates to Crdentia, sole and exclusive responsibility, authority and
discretion to (x) conduct, manage, direct and control all aspects of the
business and operations of the Company, and (y) utilize the Company’s cash
and working

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capital to defray any and
all expenses of both Crdentia and the Company. 
Without limiting the generality of the foregoing, Crdentia shall have
the following authority and responsibilities:

(i)            to conduct, manage, direct and
control all aspects of the business and operations of the Company, in the
exercise of Crdentia’s good faith business judgment, consistent with applicable
laws;

(ii)           to administer the Company’s contracts
with customers, service providers and other vendors or purchasers of services
or supplies, including the authority and responsibility to negotiate, enter
into, maintain and amend, any or all of such contracts;

(iii)          to supervise the billing for the
Company services and collect accounts receivable of the Company relating to the
business and operations of the Company; and

(iv)          to rely on information, opinions,
reports or statements, including financial statements and other financial data
and records, prepared or presented to Crdentia by the Company, its officers,
agents or employees, at any time prior to or during the term of this Agreement.

(b)           Non-Assignment of Agreements.  Nothing in this Agreement is intended to be
or shall be construed to constitute an assignment by the Company of any
agreement or contractual obligation, whether express or implied, that exists
between the Company and any other person or entity.  Similarly, nothing in this Agreement is
intended to be or shall be construed to constitute an assumption by Crdentia of
any agreement or contractual obligation, whether express or implied, that
exists between the Company and any other person or entity.

(c)           Limitation of Liabilities.  Crdentia makes no warranties, express or
implied, as to the results of operation of the Company, any actions that will
or will not be taken by Crdentia in the operation of the Company, any services
or supplies that will or will not be provided by the Company, any customers or
clients that will or will not be retained or acquired by the Company or any net
book value, net worth, liquidation value or any other value of the Company or
any of its assets upon termination of this Agreement.  In no event will Crdentia be liable to the
Company, or any person or entity engaged by or under contract with Company, for
any losses, liabilities or damages, including, without limitation, any lost
profits, lost savings or other incidental, special or consequential damages, incurred
by the Company, its agents or employees, as a result of Crdentia’s operation of
the Company in the exercise of Crdentia’s good faith business judgment or
Crdentia’s use of the Company’s cash and working capital pursuant to
Section 4(a) above, even if Crdentia has been advised of the possibility
of such damages, except for any such damages or liability caused by the
unlawful conduct or gross negligence, of Crdentia, or its agents and
employees.  In no event will Crdentia be
liable to the Company for, or be obligated to return, any funds used by
Crdentia to defray Crdentia’s or the Company’s expenses pursuant to
Section 4(a) above.

(d)           Insurance.  Throughout the term of this Agreement,
Crdentia shall provide and maintain comprehensive general liability, workers
compensation and professional liability insurance for all employees of Crdentia
(but not the Company employees), with such limits as the Parties agree are
commercially reasonable.

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(e)           Events Excusing Performance.  Crdentia shall not be liable to the Company
for failure to perform any of the services required herein in the event of any
strike, lock-out, calamity, act of God, failure of supplier, or other event
over which Crdentia has no control, for so long as such event continues, and
for a reasonable period of time thereafter.

(f)            No Limitation on Other Projects.  Nothing contained in this Agreement shall
preclude, limit or otherwise affect the right of Crdentia to engage in, or
possess interests in, other business ventures of every kind and description.

5.             Obligations
of Company.

(a)           Exclusive Manager.  During the term of this Agreement and except
as otherwise provided herein, the Company engages Crdentia to act as the sole
and exclusive manager and administrator of its business and operations.  Crdentia is expressly authorized by the
Company to perform its services hereunder in whatever manner it deems
appropriate to meet the day-to-day requirements of the operations of the
Company, in accordance with standards established by Crdentia, including, without
limitation, performance of some business functions at other locations.  The Company further agrees that during the
term of this Agreement, the Company shall not, without the prior written
consent of Crdentia, contract for or otherwise purchase or provide any of the
management, administrative or other services provided by Crdentia to the
Company hereunder.

(b)           Insurance.  During the term of this Agreement, the
Company agrees to obtain and maintain commercial general liability insurance
covering its operations, and fire and extended casualty insurance covering its
offices and property, upon such terms and with such coverages as the parties
agree is commercially reasonable.

(c)           Cooperation and Further Assurances.  The Company agrees to cooperate with Crdentia,
and to execute such other documents and take such other actions as may be
reasonably necessary or desirable, in connection with the efficient management
of the day-to-day operations of the Company by Crdentia.

(d)           Access to Facilities.  During the term of this Agreement, Crdentia
shall have the right to enter and use all the Company offices and facilities at
all times necessary, in the discretion of Crdentia, to perform its duties under
this Agreement, including, without limitation, the right for Crdentia
employees, contractors and agents, and any equipment, inventory or other
supplies or documents owned or leased by Crdentia, to be in such offices and
facilities.

(e)           Access to Records.  During the term of this Agreement, Crdentia,
and its respective designees, shall have the right during the Company’s normal
business hours and upon reasonable prior notice, to inspect, copy and make
extracts from, the Company’s books of account and records, and the Company’s
books of account and records relating to the operations of the Company and
maintained by Company during the period from and including the Effective Date
through and including the termination date of this Agreement, including,
specifically but without limitation, records of billings, collections, expenses
and disbursements, records of meetings of the Company’s stockholders, board of
directors and any and all committees thereof,

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and records of
agreements, instruments, judgments orders and other written obligations of the
Company that materially affect Crdentia’s rights or the performance of its
duties hereunder.

(f)            Adverse Actions.  Except as otherwise permitted in this
Agreement, the Company agrees not to take any action or implement any decision
that would have a material adverse effect on Crdentia’s authority and
discretion to conduct, manage, direct and control all aspects of the business
and operations of the Company, unless the Company obtains the prior written
approval of Crdentia to such action or decision.

(g)           Events Excusing Performance.  The Company shall not be liable to Crdentia
for failure to perform any of the services required herein in the event of any
strike, lock -out, calamity, act of God, failure of supplier, or other event
over which the Company has no control, for so long as such event continues, and
for a reasonable period of time thereafter.

6.             Term
and Termination.

(a)           Term of Agreement.  The term of this Agreement shall commence as
of the Effective Date, and shall extend until the closing of the Acquisition in
accordance with the Merger Agreement, unless earlier terminated pursuant to the
terms of Section 6(b) or Section 6(c) below, or pursuant to mutual
agreement of the parties or any other provision of this Agreement.

(b)           Termination
by Company.  The Company may
terminate this Agreement under the following circumstances:

(i)            the commencement of any voluntary
proceeding by Crdentia under any reorganization arrangement, readjustment,
moratorium law or statute, including, without limitation, the United States
Bankruptcy Code or any successor federal statute, or if any involuntary
proceeding under any reorganization arrangement, readjustment, moratorium law
or statute, including, without limitation, the United States Bankruptcy Code or
any successor federal statute, is commenced against Crdentia, or if Crdentia
makes, negotiates or commences negotiations for partial or complete assignment
of its assets for the benefit of creditors, pursuant to statutory or common
law;

(ii)           Crdentia suffers an appointment of a
receiver, custodian, examiner or a trustee for any of its property or assets;

(iii)          the termination, liquidation or
dissolution of Crdentia;

(iv)          in the event that Crdentia shall
default in the performance of any material duty or obligation imposed upon it
by this Agreement and such default shall continue for a period of
thirty (30) days after written notice thereof has been given to Crdentia
by the Company; or

(v)           upon the termination of the Merger
Agreement in accordance with its terms.

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(c)           Termination
by Crdentia.  Crdentia may terminate
this Agreement under the following circumstances:

(i)            the commencement of any voluntary
proceeding by the Company under any reorganization arrangement, readjustment,
moratorium law or statute, including, without limitation, the United States Bankruptcy
Code or any successor federal statute, or if any involuntary proceeding under
any reorganization arrangement, readjustment, moratorium law or statute,
including, without limitation, the United States Bankruptcy Code or any
successor federal statute, is commenced against the Company, or if the Company
makes, negotiates or commences negotiations for partial or complete assignment
of its assets for the benefit of creditors, pursuant to statutory or common
law;

(ii)           the Company suffers an appointment of
a receiver, custodian, examiner or a trustee for any of its property or assets;

(iii)          the termination, liquidation or
dissolution of the Company, except any such action that causes a third party to
expressly assume the obligations and succeed to the interests of the Company
hereunder;

(iv)          in the event the Company shall default
in the performance of any material duty or obligation imposed upon it by this
Agreement and such default shall continue for a period of thirty (30) days
after written notice thereof has been given to the Company; or

(v)           upon the termination of the Merger
Agreement in accordance with its terms.

7.             General Provisions.

(a)           Independent Relationship.  The parties to this Agreement shall be and
remain independent legal entities, without obligation to each other or to any
third person or entity, except as may be expressly set forth in this
Agreement.  The parties do not intend
this Agreement, or any aspect of the operation of the Company, to form a partnership,
joint venture or any other form of legal association under any applicable
law.  The parties to this Agreement do
not intend to be partners to one another, or partners as to any third person or
entity not a party to this Agreement. 
Except as otherwise expressly set forth in this Agreement, or as
otherwise may be required by applicable law, no party shall be held to be a
fiduciary or trustee, or to have any fiduciary obligation, to any other party.

(b)           Assignment.  Neither party shall have the right to assign
its rights and delegate its duties hereunder without the prior consent of the
other party.

(c)           Entire Agreement; Modification.  There are no other agreements or
understandings, written or oral, between the parties regarding the subject
matter of this Agreement, other than as set forth herein.  All exhibits referred to in this Agreement
are intended to and shall be incorporated into this Agreement by reference and
shall be deemed to be a part of this Agreement. 
This Agreement shall not be modified or amended except by a written
document executed by both parties.  Each
written modification shall be attached hereto.

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(d)           Notices.  All notices required, desired or permitted to
be given under this Agreement shall be in writing and shall be deemed to have
been duly made and given when given in person, by facsimile, by nationally
recognized overnight courier or when sent by United States mail, postage
prepaid, registered or certified mail, return receipt requested, or by
overnight delivery addressed as follows:

	
  If to Crdentia:

  	
   

  	
  Crdentia Corp.

  
	
   

  	
   

  	
  Attention:
  James D. Durham

  
	
   

  	
   

  	
  5001 LBJ Freeway

  
	
   

  	
   

  	
  Suite 850

  
	
   

  	
   

  	
  Dallas, Texas
  75244

  
	
   

  	
   

  	
   

  
	
  With a copy to:

  	
   

  	
  Morrison & Foerster LLP

  
	
   

  	
   

  	
  Attention:
  Steven G. Rowles

  
	
   

  	
   

  	
  12531 High Bluff
  Drive, Suite 100

  
	
   

  	
   

  	
  San Diego,
  California 92130

  
	
   

  	
   

  	
   

  
	
  If to the
  Company:

  	
   

  	
  iVOW, Inc.

  
	
   

  	
   

  	
  11455 El Camino
  Real, Suite 140

  
	
   

  	
   

  	
  San Diego,
  California 92130

  

 

Any such notice sent by United States mail shall be
deemed to have been given forty-eight (48) hours after posting (if
addressed and prepaid as set forth above) and notices which are personally
delivered or by facsimile or delivered by overnight delivery shall be deemed to
have been given when delivered.  Each
party may change the address to which its notices are to be delivered
hereunder, by giving notice as hereinabove provided.

(e)           Binding on Successors.  This Agreement shall be binding upon the
parties, and the parties’ respective successors, assigns, heirs and
beneficiaries.

(f)            Waiver of Provisions.  Any waiver of any term or provision hereof
must be made in writing, and signed by the parties hereto.  Any such waiver shall not be construed as a
waiver of any other term or provision hereof, not expressly provided for a
written waiver signed by the parties.

(g)           Governing Law.  This Agreement is to be construed in
accordance with and governed by the internal laws of the State of Delaware
without giving effect to any choice of law rule that would cause the
application of the laws of any jurisdiction other than the internal laws of the
State of Delaware to the rights and duties of the parties. In addition, each of
the parties hereto (a) irrevocably and unconditionally consents to submit
itself to the jurisdiction of the Court of Chancery of the State of Delaware in
the event any dispute arises out of this Agreement or the transactions
contemplated by this Agreement, (b) agrees that it will not attempt to deny or
defeat such personal jurisdiction by motion or other request for leave from any
such court, (c) agrees that it will not bring any action relating to this
Agreement or the transactions contemplated by this Agreement in any court other
than the Court of Chancery of the State of Delaware, and each of the parties
irrevocably waives the right to trial by jury, (d) waives, to the fullest
extent permitted by law, the defense of an inconvenient forum to the
maintenance of such

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action on the Court of
Chancery of the State of Delaware, and (e) each of the parties irrevocably
consents to service of process by first class certified mail, return receipt
requested, postage prepaid, to the address at which such party is to receive
notice.

(h)           Severability.  The provisions of this Agreement shall be
deemed severable and if any provision hereof shall be held invalid, illegal or
unenforceable for any reason, the remainder of this Agreement shall be and
remain effective and binding upon the parties.

(i)            Attorneys’ Fees.  If legal action is commenced by either party
to enforce or defend its rights under this Agreement, or to interpret or
enforce this Agreement, the prevailing party in such action shall be entitled
to recover its costs and reasonable attorneys’ fees from the other party, in
addition to any other relief granted.

(j)            Time of the Essence.  Time is hereby expressly declared to be of
the essence in this Agreement.

(k)           Confidentiality.  Except for disclosure to its attorneys and
consultants, or as necessary for the conduct of its business, neither party
shall disclose to any third party (other than the Company) any provision of
this Agreement, or any financial or other information regarding the other party
obtained by disclosing party, regardless of when obtained, without the prior
written consent of the other party.  The
confidentiality and non-disclosure provisions of the Term Sheet shall remain in
full force and effect.

(l)            Remedies Cumulative.  No remedy set forth in this Agreement or
otherwise conferred upon or reserved to any party by law, shall be considered
exclusive of any other remedy available to such party.

(m)          Language Construction.  The language in all parts of this Agreement
shall be construed, in all cases, according to its fair meaning, and not for or
against either party.

(n)           Counterparts; Facsimile.  This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. This Agreement may be
executed by facsimile (with originals to follow by United States mail), and
such facsimile shall be conclusive evidence of the consent and ratification of
the signatories hereto.

[Remainder of Page Intentionally Left Blank]

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IN WITNESS
WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

 

 

	
  Crdentia

  	
  CRDENTIA CORP.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
    Name:

  
	
   

  	
   

  	
    Title:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Company

  	
  iVOW, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
    Name:

  
	
   

  	
   

  	
    Title:

  

 

 

[SIGNATURE PAGE TO
INTERIM MANAGEMENT AGREEMENT]

 

 9United States Securities & Exchange Commission EDGAR Filing

Exhibit 10.11

THIRD AMENDMENT TO BINDING LETTER AGREEMENT

The Binding Letter Agreement dated December 21, 2005 (“Agreement”) by and between DataWind Net Access Corporation, a Delaware corporation (“DataWind”) and EdgeTech Inc., now EGTH Inc., a Florida corporation (“Edgetech”), which was amended with the Amendment To Binding Letter Agreement dated March 8, 2006 and the Second Amendment to the Agreement dated July 18, 2006, is hereby further amended with this Third Amendment to the Agreement dated September 15, 2006 (“Third Amendment”). 

For good and valuable consideration, the receipt and sufficiency of which is acknowledged by each of the parties hereto, the parties hereby agree to further amend the Agreement as follows:

1.

Edgetech will open a letter of credit in favor of DataWind for Products (as defined in the Agreement) in the minimum amount of $1,000,000 by October 2, 2006; if a letter of credit in such amount is opened by such date, all performance criteria for the period ending December 31, 2006 for all of Edgetech’s five exclusive vertical markets shall then be deemed fulfilled. The letter of credit shall be broken into two components, one for the amount of $300,000 for the LCD screens, and the remaining amount of $700,000 for the completed product. The letter of credit shall further have a latest ship date for final product shipment and expiry date 150 days from the date of its opening. Partial shipment of finished products will be made as finished products are available for shipment.

2.

Edgetech will make a payment to DataWind of $100,000 by October 10, 2006, which will fulfill any and all current or future amounts for the aggregate-one-time-fee under clause 4(c) of the Agreement. Datawind acknowledges timely receipt of payment by Edgetech for all payment amounts due through the date hereof pursuant to clause 4(c) of the Agreement, as amended. 

3.

As confirmed in clause 4(c) of the Agreement, EdgeTech shall automatically and without any further notice lose its distribution rights to vertical markets (iv) and (v) described therein if clauses 1 and 2 of this Third Amendment are not fulfilled by their respective deadlines set forth therein. 

Except as expressly amended herein, the Agreement, as amended, and all its terms and conditions shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this THIRD AMENDMENT TO THE AGREEMENT as of the date first written above.

					
	DataWind Net Access Corporation

	 

	EGTH Inc. (formerly EdgeTech Inc.)

	By:

	/s/ SUNEET S. TULI

	 	By:

	/s/ LEV PARNAS,

	 	SUNEET S. TULI, CEO

	 	 	LEV PARNAS, CEO

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