Document:

Exhibit 10.37

August 29, 2006

Ms. Michelle D.
Bergman

192 White Oak Ridge Rd.

Short Hills, NJ 07078

Dear Michelle:

This letter will confirm the continuing terms of employment
between you and Duane Reade Inc. (the “Company”), effective December 13,
2005.

Your new title will be Senior Vice President and
General Counsel, reporting directly to me. You will be based at our
headquarters office located at 440 9th Avenue, New York, NY. Your salary will be $350,000
($13,461.53 paid bi-weekly). Future salary increases will be based on
demonstrated job performance in accordance with Company policy and practice. You
will receive a minimum bonus of $150,000 for fiscal year 2006, subject to your
attainment of mutually agreed upon objectives.

You will continue to be eligible to participate in the
Company’s executive benefit program, subject to the terms of eligibility for
the individual benefit plans. You will receive three (3) weeks of paid
vacation each calendar year subject to the restrictions of your job
requirements. Please be aware that the Company’s vacation policy does not allow
carryover from year to year. Therefore, if the three weeks are not taken they
are forfeited each year.

As an executive of the Company, you will continue to be
eligible to participate in the Company’s performance incentive plan at a target
of one hundred percent (100%) of your annual salary. The program is based on
the attainment of company performance towards EBITDA targets and your
individual performance toward goals mutually set between you and your immediate
manager. Actual incentive payments will be paid yearly, usually at the end of
the first quarter of each year, after Board approval. As with other executive
benefits programs, eligibility and participation are subject to the specific
provisions of the plan.

You will continue to participate in the employee stock
option plan. Subject to the terms and conditions of that plan, you will receive
an additional grant of 6,100 options to purchase Company Stock at a par value
of One hundred dollars ($100.00) per share, bringing your total options to
8,500. Under the current plan provisions, the shares vest at a rate of (20%)
per year of service with the Company, and your initial vesting date is July 30,
2004. They will be 100% vested at the end of five (5) consecutive years of
employment (i.e. July 30, 2009). Nothing in this paragraph shall act as a
guarantee of any specific value of the options or the Company’s stock, other
than as described in the plan relating to such options.

Your employment with the Company will be “at will”,
meaning that either you or the Company are entitled to terminate your
employment at any time for any reason, or no reason, with or without cause. Except
as set forth in the following sentence, in the event the Company terminates
your employment other than for “cause” (as defined) you will be paid severance
equal to one year salary at your then current salary payable in bi-weekly
installments. For purposes of this Agreement “cause” shall mean termination
for: (1) a repeated refusal to comply with a lawful directive of the Chief
Executive Officer; (2) serious misconduct, dishonesty or disloyalty
directly related to the performance of duties for the Company, which results
from a willful act or omission and which is materially injurious to the
operations, financial condition or business reputation of the Company or any
significant subsidiary thereof; (3) being convicted (or entering into a
plea bargain admitting criminal guilt) in any criminal proceeding that may have
an adverse impact on the Company’s reputation and standing in the community; (4) willful
and continued failure to substantially perform your duties under this Agreement;
or (5) any other material breach of the 

Agreement. In the event of
termination for cause, you will be entitled to any unpaid salary through the
date of termination, plus any earned and accrued unused vacation pay or
deferred compensation payments. You will not be entitled to any other
compensation from the Company, including without limitation, severance pay.

You will be reimbursed for all normal business
expenses in accordance with Company policy.

This
letter is intended to memorialize the offer of employment provided by the
Company and if these terms are acceptable to you, to create an at-will
employment relationship under these terms. This letter supersedes and replaces
any and all previous agreements between you and the Company regarding your
employment with the Company. Nothing in this letter is intended or shall have
the effect of modifying or amending the terms, conditions, or requirements of
any benefit plan, retirement plan or welfare plan or arrangement offered by the
Company. During your employment, you will remain subject to, and be required to
abide by, all terms, conditions and requirements of the policies and practices
dictated by the Company for executive employees.

	
  Sincerely,

  
	
  /s/ Richard W.
  Dreiling

  	
   

  
	
  Richard W.
  Dreiling

  	
   

  
	
  /s/ Michelle D.
  Bergman

  	
   

  
	
  Michelle D.
  Bergman

  

 

 2Exhibit 10.1

AudioStocks, Inc. Agreement

June 25, 2007

SERVICES AGREEMENT

This agreement (the “Agreement”) is entered
into on June 25, 2007 in order to induce AudioStocks, Inc., a Delaware
corporation, whose corporate address is 2038 Corte del Nogal, Suite 110,
Carlsbad, California 92011 (“AudioStocks, Inc.”), to perform
substantially all of the following services (hereinafter “Services”) for
Crdentia Corp., a Delaware corporation, whose corporate address is 5001 LBJ
Freeway, Suite 850, Dallas, Texas 75244 (“Participant”).

A. Services.
During the Term (as defined below) of this Agreement, AudioStocks, Inc.
shall endeavor to provide the following services (the “Services”).
AudioStocks, Inc. shall commence performance of services (“Commence
Performance”) by taking any one of the following actions:

·                Participant will be
introduced to AudioStocks, Inc.’s broker dealer, market maker, investment bank and institutional relationships.

·                AudioStocks may
contract, manage and coordinate with additional firms in an effort to maximize
shareholder development and market awareness and deliver the services through multiple marketing channels.

·                An independent
Certified Financial Analyst will prepare a research report.

·                A feature placement on
the www.AudioStocks.com website.

·                Interviewing key executives one-on-one by an
AudioStocks, Inc. financial reporter. A press release
shall be approved and issued by the Participant over the major news and
financial newswires directing investors to the Participant’s section of
the AudioStocks.com website which will list
a brief profile, key products and services that Participant offers, and have
all of the latest Participant press releases.

·                Up to twelve (12)
AudioNewsTM interviews.

·                Direct e-mail to
targeted opt-in interest-based groups.

·                Daily access to a
personal shareholder communications manager.

·                A corporate fact sheet
will be distributed via e-mail to AudioStocks.com opt-in users.

·                Posting of Participant
corporate documents on the AudioStocks website.

·                Posting of Participant
logo, executive photographs and biographies.

·                AudioStocks, Inc. shall provide Participant
with a confidential electronic link, enabling Participant
to track visitors to the AudioStocks.com website. AudioStocks, Inc. will track
the number of people that have visited Participant’s company link, the
specific titles of and numbers of press releases that have been accessed, and
the number of people that have requested information about Participant.

·                We will assign a member of the AudioStocks
team to act as the Participant’s shareholder communications
account executive. The account executive will be in charge of managing the day-to-day aspects of the AudioStocks strategy,
including receiving telephone inquiries about Participant and following up with those parties that have made
inquiries.

	
  

  	
  AudioStocks,
  Inc.

  	
   

  	
  Participant

  

 

 1
 

B.                                      Consideration. In consideration of AudioStocks, Inc.
providing the aforementioned Services, within 5 business days of the execution
of this Agreement, Participant shall tender payment(s) (hereinafter referred to
as “Compensation”‘) as follows:

(1)                                     Cash Payment.  The
Participant shall cause to be delivered to AudioStocks, Inc.  $80,000
in cash payments as follows:

(a)                                     Cash Payment One.   $40,000
upon execution of the Agreement.

(b)                                    Cash Payment Two.   $40,000
by or before August 25, 2007.

(2)                                     Restricted Common Stock. The Participant shall
cause to be delivered to AudioStocks, Inc., 1,247,500 shares of the Participant’s
restricted common stock (the “Restricted Stock”) as follows:

(a)                                     Restricted Payment One.   975,000
shares upon execution of the Agreement.

(b)                                    Restricted Payment Two.  272,500
shares by or before August 25, 2007.

(3)                                     Common Stock Purchase Warrants. The Participant shall cause to be delivered
to AudioStocks, Inc., Common Stock Purchase
Warrants (the “Warrants” attached hereto as Exhibit A) to purchase
up to 1,000,000 shares of the Participant’s common stock at a purchase price of
$0.60 per share.

C.                                      Term
of the Agreement. This Agreement shall commence on the date first
set forth above and shall terminate 365 days thereafter (the “Term”).
Participant may terminate this Agreement with thirty (30) days notice for any reason. In the event
of a material breach of this Agreement by AudioStocks, Inc., Participant shall
provide AudioStocks, Inc. with notice of the material breach. AudioStocks, Inc.
shall have ten (10) days from such notice to cure the material breach.
Participant may terminate this Agreement immediately if such breach remains
uncured after the expiration of such ten (10) day period.

D.                                    Compensation Terms. Once Compensation has been issued and
tendered (and physically received by AudioStocks, Inc.), such Compensation
shall be irrevocable and considered earned, due and payable to AudioStocks,
Inc., without any security interests, liens, claims or other encumbrances. AudioStocks,
Inc. does not offer any refunds after ten (10) days subsequent to AudioStocks,
Inc. commencing performance as defined in this Agreement. Any Compensation,
including any securities issued pursuant to this Agreement, shall be freely
assignable by AudioStocks, Inc. Any dispute arising in connection with this Agreement shall be resolved by litigation filed
in Superior Court in the County of San Diego, State of California. Any
such litigation shall be adjudicated in accordance with the laws of the State of California in a “bench trial” before a judge.
Both AudioStocks, Inc. and Participant expressly waive their right to a jury trial.

E.                                      Performance
of Services. AudioStocks, Inc. shall, to the best of its ability,
render the Services in a timely and professional manner consistent with
industry standards and the terms of this Agreement by the completion dates set forth in writing
and mutually and reasonably agreed to by the Parties hereof. AudioStocks, Inc.
agrees that during the term of this Agreement it will not accept work from a

	
   

  	
  AudioStocks, Inc.

  	
   

  	
  Participant

  

 

 2
 

direct
competitor of Participant. AudioStocks, Inc.’s relationship with the
Participant shall be that of an independent contractor and nothing in this
Agreement shall be construed to create a partnership, joint venture, agency or
employer-employee relationship between the parties. AudioStocks, Inc. is not
the agent of Participant and is not authorized and shall not have any authority
to make any representation, contract or commitment on behalf of Participant, or
otherwise bind Participant in any respect whatsoever. Participant acknowledges
and understands that the majority of the services AudioStocks, Inc. will provide pursuant to the Agreement will be
performed within the first sixty days of the term of the Agreement.

F.                                       Outside Consultants. From time to time, the Participant may
require AudioStocks, Inc. to provide introductions to outside third party consultants,
broker dealers, market makers, investment banks
and institutional relationships. AudioStocks, Inc. shall provide the
Participant with introductions and offer insight; however, Participant
acknowledges that the ultimate responsibility of any such relationships shall
remain with the Participant and the third parties. Participant acknowledges and
understands that AudioStocks, Inc. assumes
no responsibility or liability for any actions of a third party consultant
for which AudioStocks, Inc. provides an introduction.

G.                                      Investment Representations. AudioStocks, Inc. is an experienced investor
in securities of companies in the development stage and acknowledges that it is
able to fend for itself, can bear the economic risk of its investment, and has
such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the
investment in the Participant’s shares. AudioStocks Inc. acknowledges
that any investment in the Participant’s shares involves a high degree of risk,
and represents that it is able, without materially impairing its financial
condition, to hold the Participant’s shares for an indefinite period of time
and to suffer a compete loss of its investment.

AudioStocks,
Inc. is an “accredited investor” within the meaning of United States
Securities and Exchange Commission (“SEC”)
Rule 501 of Regulation D, as presently in effect.

AudioStocks,
Inc. understands that the Participant shares it is receiving hereunder are
characterized as “restricted securities” under the federal securities laws
inasmuch as they are being acquired from the Participant in a transaction not
involving a public offering and that under such laws and applicable regulations
such securities may be resold without registration under the United States
Securities Act of 1933, as amended (the “Act”) only in certain limited
circumstances. In this connection, AudioStocks, Inc. represents that it is
familiar with SEC Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Act.
AudioStocks, Inc. understands that the Participant shares it is receiving
hereunder have not been registered under the Act and have not been
registered or qualified in any state in which they are offered, and thus
AudioStocks, Inc. will not be able to
resell or otherwise transfer its Participant shares unless they are registered
under the Act and registered or qualified under applicable state securities
laws, or an exemption from such registration or qualification is
available.

It understood that the certificates evidencing the
Participant shares may bear one or all of the following legends:

(a)   “THESE 
SECURITIES  HAVE  NOT 
BEEN  REGISTERED  UNDER 
THE SECURITIES ACT OF 1933, AS AMENDED.  
THEY MAY NOT BE SOLD, OFFERED FOR SALE, 
PLEDGED  OR  HYPOTHECATED 
IN  THE  ABSENCE 
OF  A  REGISTRATION

 

	
  

  	
  AudioStocks,
  Inc.

  	
   

  	
  Participant

  

 

 3
 

STATEMENT
IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF
COUNSEL SATISFACTORY TO THE PARTICIPANT THAT SUCH REGISTRATION IS NOT REQUIRED
OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.”

(b) Any legend required by
applicable state securities laws.

H.                                    Confidentiality. In the event that Participant discloses
material non-public information to AudioStocks, Inc., AudioStocks, Inc. shall
keep in confidence and shall not, without the Participant’s consent, disclose
to any person (except its own counsel and other advisors or as such counsel has
advised is required by applicable law) any
material non-public information furnished by the Participant to
AudioStocks, Inc. AudioStocks, Inc. and its employees shall not buy or sell
shares of the Participant’s common stock (or derivatives thereof) in the public
markets at any time AudioStocks, Inc. or
any of its employees is in possession of any material non-public information of
the Participant.

I.                                            Compliance with Law.   AudioStocks, Inc. shall comply with all applicable federal, state, county,
and local laws, ordinances, rules regulations, and codes in the performance of
its services hereunder (including the procurement of any necessary permits and
licenses) and AudioStocks, Inc. shall
indemnify and hold the Participant harmless from any and all liability,
expenses or claims arising from the violation by AudioStocks, Inc. of any such
laws, ordinances, rules regulations and codes.

J.                                      Registration Rights. All Compensation, including the Restricted
Stock and Warrants, tendered to AudioStocks, Inc. or its principals or agents
pursuant to this Agreement shall be registered in the next legally permissible
registration statement filed by the Participant. Participant shall pay for all
costs and fees associated with the registration of any AudioStocks, Inc.
Compensation, including the Restricted
Stock and Warrants, held by AudioStocks, Inc. or its affiliates, assignees and
agents.

K.                                    Necessary Acts. Each party to this Agreement agrees to
perform any additional acts that are reasonably necessary to carry out the
provisions of this Agreement.

L.                                     Transfer Agent Instructions. Participant shall execute the attached
transfer agent instruction letter (attached as Exhibit B)
instructing the subsequent split of any certificates issued to
Audiostocks, Inc. as Compensation under this Agreement.

M.                                  Covenant to Issue Opinion
Letter. On demand and at no
cost to Audiostocks, Participant hereby agrees to order and deliver to
Audiostocks, Inc., any opinion letter related to the sale of restricted stock pursuant to the provisions of
Rule 144 of the Securities Act of 1933.

N.                                    Covenant Not to Stop or Delay
Transfer. Participant hereby
covenants and promises that it shall not issue a stop transfer order on any
securities issued pursuant to this Agreement, and that it shall not otherwise impede, delay or commence any
action that would delay the transfer or the ultimate sale, resale or delivery of any common shares,
including restricted common shares, underlying the Compensation.

O.                                   Costs. Participant aggress to pay to AudioStocks,
Inc., in addition to the Compensation described in Section B herein, all costs
and expenses incurred in performing services described in this Agreement. Such
costs and expenses may include, without limitation, telephone, messenger,
delivery,

	
  

  	
  AudioStocks,
  Inc.

  	
   

  	
  Participant

  

 

 4
 

postage, computer research,
travel related expenses such as parking, airfare, meals, and hotel,
photocopying and other such reproduction charges and other similar items.
Audiostocks, Inc. shall be obligated to
confer with the Participant prior to any expenditure in excess of $1000.00 in
the aggregate.

P.                                     Execution of the Agreement. AudioStocks, Inc. and the party executing
this Agreement on behalf of the Participant represent and warrant that they
have the requisite corporate power and authority to enter into and carry out
the terms and conditions of this Agreement, as well as all transactions contemplated herein. All lawfully
required corporate proceedings have been taken and all corporate
authorizations and approvals have been secured which are necessary to authorize
the execution, delivery and performance by Participant and of this Agreement.
This Agreement has been duly and validly executed and delivered by Participant
and constitutes the valid and binding obligations
of Participant, enforceable in accordance with the aforementioned terms. Upon
delivery of this Agreement to AudioStocks, Inc., this Agreement will
constitute the valid and binding obligations of Participant, and will be
enforceable in accordance with their respective terms. Participant warrants that it has consulted with an
independent attorney of its own choosing, representing Participant’s interests,
and after such consultation, has executed this Agreement below.

Q.                                  Miscellaneous.

(1)                                     Modification. This Agreement sets forth the entire
understanding of the parties with respect to the subject matter hereof. This
Agreement may be amended only in writing signed by both Parties.

(2)                                     Notices. Any notice required
or permitted to be given hereunder shall be in writing and shall be mailed or
otherwise delivered in person to the parties at the following address:

(a) if
to the Company to:

Crdentia Corp.

5001
LBJ Freeway, Suite 850

Dallas, Texas 75244

Attn: John Kaiser, CEO

Phone: (972) 850-0780

Fax:     (972) 850-3058

and
(b) if to the Holder, to:

Audiostocks,
Inc.

2038 Corte del Nogal, Suite 110

Carlsbad,
California 92011

Phone:
(760) 804-8844

Fax:     (760) 804-8845

(3)                                 Waiver. Any waiver by either party of a breach of any provision of this
Agreement shall not operate as or be construed to be a waiver of any other
breach of that provision or of any breach of any other provision of this
Agreement. The failure of a party to insist upon strict adherence

	
  

  	
  AudioStocks,
  Inc.

  	
   

  	
  Participant

  

 

 5
 

to any
term of this Agreement on one or more occasions will not be considered a waiver
or deprive that party of
the right thereafter to insist upon adherence to that term of any other term of
this Consulting Agreement.

(4)                                 Severability. If any provision of this Agreement is
invalid, illegal, or unenforceable, the balance of this Agreement shall remain
in effect. If any provision is inapplicable to any person or circumstance, it shall nevertheless remain
applicable to all other persons and circumstances.

SIGNATURE
PAGE FOLLOWS

	
  

  	
  AudioStocks,
  Inc.

  	
   

  	
  Participant

  

 

 6
 

SIGNATURE PAGE

IN WITNESS WHEREOF, this Agreement has been executed
by the parties as of the date first above written.

	
  For AudioStocks, Inc.

  
	
   

  
	
   

  
	
   

  	
  /s/ Luis Leung

  	
   

  
	
  Printed Name

  	
  Luis Leung

  
	
  Title

  	
  President

  
	
   

  	
   

  
	
  For
  Crdentia Corp.

  
	
   

  
	
   

  
	
   

  	
  /s/ James
  TerBeest

  	
   

  
	
  Printed Name

  	
  James TerBeest

  
	
  Title

  	
  Chief Financial
  Officer

  
	
   

  

 

A FACSIMILE COPY OF THIS AGREEMENT SHALL HAVE THE SAME LEGAL
EFFECT AS AN ORIGINAL OF THE SAME. Please Fax to AudioStocks, Inc. at
760-804-8845.

	
  

  	
  AudioStocks,
  Inc.

  	
   

  	
  Participant

  

 

 7
 

EXHIBIT A

Common Stock Purchase Warrant

 8
 

EXHIBIT B

U.S. Stock Transfer Corporation

1745 Gardena Ave.

Glendale,
California 91204-2991

Re:     Transfer
of Shares of Crdentia Corp.

Dear Sir or Madam:

Crdentia Corp. (the “Company”)
recently issued certificate no.                   representing                   restricted shares (the “Certificate”)
in the name of Audiostocks.com, Inc.

Pursuant to the terms of an agreement between
Audiostocks, Inc. and the parties listed below (the “Parties”) and the
attached instruction letter from Audiostocks, Inc., the shares underlying the
Certificate should be re-issued as follows:

	
  Name on Certificate

  	
   

  	
  Number of Shares

  
	
                   

  	
   

  	
   

  
	
                

  	
   

  	
   

  
	
                   

  	
   

  	
   

  
	
                   

  	
   

  	
   

  
	
                   

  	
   

  	
   

  
	
                   

  	
   

  	
   

  
	
                   

  	
   

  	
   

  
	
                   

  	
   

  	
   

  

 

Pursuant to the instruction
letter from Audiostocks, Inc., the re-issued certificates representing the

shares
shall be sent to the following address:

Audiostocks, Inc.

2038 Corte Del Nogal, Suite
110

Carlsbad,
California 92011

These shares shall be validly issued and transferred
into the name of the Parties pursuant to the instructions listed above. The
shares transferred shall contain a restrictive legend in substantially the same
form as now exists on the Certificate.

Sincerely,

	
  Crdentia Corp.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: John Kaiser

  	
   

  
	
  Its: Chief Executive Officer

  	
   

  

 

 9

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