Document:

Filed by Bowne Pure Compliance

 

Exhibit 10.29

CERTAIN INFORMATION IN THIS EXHIBIT HAS
BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED WITH RESPECT TO THE OMITTED PORTION.

FIRST AMENDMENT TO AMENDED AND RESTATED

SUPPLY, LICENSE AND DEVELOPMENT AGREEMENT

This First Amendment to the Amended and Restated Supply, License, and Development Agreement dated
December 27, 2005, is dated May 9, 2007 (the “Amended Agreement”) by and between Digital Angel
Corporation (“Digital Angel”) and VeriChip Corporation (“VeriChip”), both Delaware corporations.

RECITALS

Whereas, Digital Angel and VeriChip have previously entered into an Amended and Restated Supply,
License and Development Agreement dated December 27, 2005 (the “Original Agreement”).

Whereas, due to changes in the timing of VeriChip’s IPO, it made its commercial sales launch
approximately twelve months later than such launch had been contemplated when the Original
Agreement was entered into.

Whereas, Digital Angel and VeriChip wish to amend the Original Agreement with regard to order
quantities and timing to reflect the delay in the launch of commercial sales efforts.

AGREEMENT

	 	1.	 	The parties agree to replace the Schedule 5 in the Original Agreement with the new
Schedule 5, which is attached to this Amended Agreement.
	 
	 	2.	 	The parties agree that the Original Agreement term will be extended by one year.
	 
	 	3.	 	All other terms, conditions, representations, warranties and other clauses of the
Original Agreement shall remain unchanged.

IN WITNESS WHEREOF, this Amended Agreement has been executed as of the day and year first above
written.

	 	 	 	 	 
	 	 	DIGITAL ANGEL CORPORATION
	 	 	A Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kevin N. McGrath
	 

	 	 	 	 
	 

	 	Title:
	 	Chief Executive Officer
	 
	 	 	 	 
	 	 	VERICHIP CORPORATION
	 	 	A Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ William J. Caragol
	 

	 	 	 	 
	 

	 	Title:
	 	Chief Financial Officer

 

 

 

SCHEDULE 5 (dated May 9, 2007)

MINIMUM PURCHASE COMMITMENTS

(to and forming a part of the Agreement)

	 	 	 
	Calendar Year 2006

	 	No minimum
	 
	 	 
	Calendar Year 2007

	 	No minimum
	 
	 	 
	Calendar Year 2008

	 	***
	 
	 	 
	Calendar Year 2009

	 	***
	 
	 	 
	Calendar Year 2010

	 	***
	 
	 	 
	Calendar Year 2011

	 	***

Unless the Parties agree to a different Minimum Unit Commitment for Calendar Years 2012 and after,
the Minimum Unit Commitment applicable to Calendar Years 2012 and after shall be *** units per
year.

***CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION.
CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTION.Filed by Bowne Pure Compliance

 

Exhibit 10.30

August 6, 2007

Mr. Kevin McGrath

3778 Coventry Lane

Boca Raton, Florida 33496

Re: Letter Agreement

Dear Kevin:

As discussed, this Letter Agreement sets forth our mutual understanding with regard to your
departure from Digital Angel Corporation (“Digital Angel”) and your resignation as a member of the
Board of Directors (the “Board”) and as President and Chief Executive Officer. In consideration of
our mutual promises and agreements, and the payments set forth herein, we agree as follows:

	 	1.	 	The effective date of your resignation as a director and officer is August 6, 2007.
The Board will name a new President and CEO immediately and you will work with him to
effect a smooth transition until your departure on September 7, 2007. A smooth transition
will include your complete cooperation with the new President and CEO to facilitate
employee, customer, operationally, regulatory, and other normal course of business
initiatives and continuity until September 7, 2007.
	 
	 	2.	 	As consideration for your years of service to Digital Angel, for your efforts in a
smooth transition as set forth above, and for your promises and agreements in this Letter
Agreement, Digital Angel agrees to pay to you $320,000 over the next 12 months in
accordance with its ordinary payroll practices, less required deductions and withholdings,
and to grant to you restricted common stock with a total value of $430,000. The number of
 shares of restricted stock to be granted shall be determined by dividing $430,000 by the
closing price of Digital Angel’s common stock at the close of business on August 8, 2007.
The stock will be issued to you on September 7, 2008 and will bear a standard restrictive
legend providing that such stock may not be sold, transferred, pledged, assigned, or
otherwise encumbered or disposed of by you for a period of one year. Although the
substantive terms of the restricted stock grant shall be as set forth in this paragraph,
the final structure of the stock grant will be finalized by mutual agreement between us,
subject to advice you will seek from your financial advisors.

 

 

 

	 	3.	 	Digital Angel agrees to pay to you all of your accrued benefits through September 7,
2007, including unused vacation time, reimbursement of outstanding business expenses,
accrued but unpaid salary or bonus amounts, and the like.
	 
	 	4.	 	Digital Angel agrees to reimburse to you the cost of COBRA contributions through
September 7, 2008.
	 
	 	5.	 	You hereby agree to waive all claims against Digital Angel (for purposes of this
paragraph 6 and paragraphs 7 and 8 below, “Digital Angel” includes Digital Angel, its
subsidiaries, affiliates, shareholders, directors, officers, employees, or agents) and
release and discharge Digital Angel from liability for any claims or damages that you may
have against Digital Angel as of the date of this Letter Agreement, whether known or
unknown to you including, but not limited to, any claims arising out of your employment
relationship with Digital Angel or termination thereof, or violations of any federal,
state, or local fair employment practices law, including Title VII of the Civil Rights
Act, Section 1981 of the Civil Rights Act of 1866, the Americans with Disabilities Act,
the Family and Medical Leave Act, the Employee Retirement Income Security Act of 1974, the
Age Discrimination in Employment Act, the WARN Act, or any other federal, state or local
employee relations statute, rule, executive order, law or ordinance, tort, express or
implied contract, employment agreement, public policy, or other obligations or any right
under any company pension, welfare or stock plans, bonus plan, vacation or other benefits,
or attorneys fees.
	 
	 	6.	 	You agree that you will not disclose, or cause to be disclosed in any way, any
confidential information, trade secrets or other proprietary information that you in any
way acquired during your employment with Digital Angel, provided however that nothing in
this Letter Agreement would prevent you from complying with any court order or subpoena
compelling you to furnish information or provide testimony relating to Digital Angel. You
further agree that you will return any company documents and/or other property that you
have in your possession or in your control to Digital Angel.
	 
	 	7.	 	You agree that, until September 7, 2008, you will not:

	 	(a)	 	Engage, directly or indirectly, in any business, whether as employee,
officer, director, or owner, that is engaged in any activity that is directly
competitive with any business that Digital Angel currently conducts, limited in
geographic scope to those locations where Digital Angel currently conducts such
business;
	 
	 	(b)	 	Solicit business of the same or similar type being carried out by Digital
Angel, whether or not you had personal contact with such person or entity during your
employment with Digital Angel;
	 
	 	(c)	 	Solicit or employ any person who is an employee of Digital Angel or in any
manner induce any employee of Digital Angel to terminate his or her employment; or
	 
	 	(d)	 	Disparage Digital Angel, so long as Digital Angel does not disparage you.

 

 

 

	 	8.	 	This Letter Agreement constitutes the entire agreement and understanding between us
regarding the terms of your separation from Digital Angel, and all prior agreements
between us, whether written or not, are hereby replaced and superceded in their entirety.

Please sign and return the Letter Agreement to me signifying your agreement to the terms set forth
herein. Thank you.

Sincerely,

/s/ Howard S. Weintraub

Dr. Howard S. Weintraub

Chairman of the Compensation Committee of the

Digital Angel Corporation Board of Directors

AGREED AND ACCEPTED:

/s/ Kevin N. McGrath          

Kevin N. McGrathex10-11.htm

    EXHIBIT
      10.11

    FIRST
      AMENDMENT AGREEMENT TO

    PROMISSORY
      NOTES

    

    This
      FIRST AMENDMENT AGREEMENT TO
      PROMISSORY NOTES (this "Agreement") is made and entered on August 1, 2007,
      to be
      effective as of July 31, 2007 (the “Effective Date”) by and between Nano
      Holdings International, Inc., a Delaware company (“Nano”) and Jenadosa Holdings
      Limited (“Jenadosa”), each individually a “Party,” and collectively the
“Parties.”

    

    WITNESSETH:

    

    WHEREAS,
      Jenadosa has
      previously loaned Nano an aggregate of $154,000, including but not limited
      to
      $50,000 in connection with the sale of a promissory note on November 20, 2005,
      $50,000 in connection with the sale of another promissory note on February
      14,
      2006, $5,000 in connection with the sale of a third promissory note on August
      21, 2006, $7,000 in connection with the sale of a fourth promissory note on
      September 20, 2006, and $15,000 in connection with the sale of a fifth
      promissory note on October 13, 2006 (collectively the “Notes,” copies of which
      are attached hereto as Exhibits A through E);

    

    WHEREAS,
      the Notes were due in full on July 31, 2007, together with any accrued and
      unpaid interest (the “Maturity Date”);

    

    WHEREAS,
      any amounts not paid on the Notes when due were to bear interest at the rate
      of
      15% per annum until paid (“Default Interest”);

    

    WHEREAS,
      Nano has not generated as much revenue as it had originally anticipated, and
      as
      such has been unable to pay down the Notes, and/or repay the Notes on the
      Maturity Date; and

    

    WHEREAS,
      the Parties desire to amend the terms of the Notes to extend such Maturity
      Date
      as set forth below.

    

    NOW,
      THEREFORE, in
      consideration of the mutual covenants contained herein, and for other good
      and
      valuable consideration, including $10.00, the receipt of which is hereby
      acknowledged by the Parties, the Parties hereto agree as follows:

    

    1.           The
      Extension. Jenadosa hereby agrees to extend the Maturity Date of
      the Notes, including the due date of any accrued and unpaid interest thereon
      until July 31, 2008, and to waive any event of default which may have occurred
      due to Nano’s failure to pay the Notes on the Maturity Date and/or any Default
      Interest which would otherwise have accrued on such Notes (collectively the
      “Extension”).

    

    2.           Consideration.  Jenadosa
      confirms that it will receive valid consideration from the covenants contained
      herein and the Extension, due to the fact that as a result of such Extension,
      it
      will continue to earn interest on the outstanding amount of the
      Notes.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Nano
      also
      agrees that it will receive valid consideration from the Extension as such
      Extension will allow it a greater amount of time to accumulate a sufficient
      amount of cash to repay such Notes.

    

    3.           Successors
      and Assigns.  This Agreement shall be
      binding upon each of the Parties who execute this Agreement below and their
      respective heirs, legal representatives, successors and assigns.

    

    4.           Headings;
      Gender.  The paragraph headings
      contained in this Agreement are for convenience only, and shall in no manner
      be
      construed as part of this Agreement.  All references in this Agreement
      as to gender shall be interpreted in the applicable gender of the
      parties.

    

    5.           Severability.  In
      the event any one or more of the provisions contained in this Agreement shall
      for any reason be held to be invalid, illegal or unenforceable in any respect,
      such invalidity, illegality or unenforceability shall not affect any other
      provision hereof, and this Agreement shall be construed as if such invalid,
      illegal or unenforceable provision had never been contained herein.

    

    6.           Amendment.  No
      modification, amendment, addition to, or termination of this Agreement, nor
      waiver of any of its provisions, shall be valid or enforceable unless in writing
      and singed by all the parties hereto.

    

    7.           Effect
      of Facsimile and Photocopied Signatures. This Agreement may be
      executed in several counterparts, each of which is an original.  It
      shall not be necessary in making proof of this Agreement or any counterpart
      hereof to produce or account for any of the other counterparts.  A
      copy of this Agreement signed by one Party and faxed to another Party shall
      be
      deemed to have been executed and delivered by the signing Party as though an
      original.  A photocopy of this Agreement shall be effective as an
      original for all purposes.

    

    8.           Entire
      Agreement.  This Agreement constitutes the sole and only
      agreement of the Parties hereto and supersedes any prior understanding or
      written or oral agreements between the Parties respecting the subject matter
      hereof.

    

    

    

    

    

    

    

    [Remainder
      of page left intentionally blank.  Signature page
      follows.]

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement effective
      as of
      the Effective Date set forth above.

    

    Nano
      Holdings International, Inc.

    

    /s/
      David
      Rector                                                 

    David
      Rector

    Chief
      Executive Officer

    

    

    Jenadosa
      Holdings Limited

    

    

    By:
      /s/ Douglas M.
      Tufts                                     

    

    Its:
      Director

    

    Printed
      Name: Douglas M. Tufts

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