Document:

EXHIBIT
      10.25

     

    

     

    Second
      Addendum to the Technology License Agreement

     

    between

     

    The
      Research Foundation of State University of New York

     

    for
      and on behalf of University at Buffalo

     

    and

     

    Donald
      D. Hickey, M.D.

     

    and

     

    Clas
      E. Lundgren, M.D., Ph.D.

     

    and

     

    Scivanta
      Medical Corporation

     

    This
      Second Addendum (this “Second Addendum”) to the Technology License Agreement (as
      such term is defined below), entered into as of the 23rd day of October, 2008
      (the “Second Addendum Effective Date”), is by and among The Research Foundation
      of State University of New York, for and on behalf of University at Buffalo,
      a
      non-profit corporation organized and existing under the laws of the State of
      New
      York (the “Foundation”), Donald D. Hickey, M.D. (“Hickey”) and Clas E. Lundgren,
      M.D., Ph.D. (a/k/a Claes Lundgren and referenced herein as “Lundgren”) and
      Scivanta Medical Corporation (formerly Medi-Hut Co., Inc.), a corporation duly
      organized under the laws of the State of Nevada, and having its principal place
      of business at 215 Morris Avenue, Spring Lake, New Jersey 07762 (“Licensee”).
      Foundation, Hickey and Lundgren will be collectively referenced herein as
“Licensor.” Capitalized terms used herein, but not otherwise defined herein,
      shall have such meanings as given to such terms in the Technology License
      Agreement.

     

    WHEREAS,
      Licensor and Licensee entered into an exclusive Technology License Agreement
      on
      November 10, 2006, as amended on June 29, 2007 (the “Technology License
      Agreement”), to facilitate the development and commercialization of certain
      technology owned by Licensor so that this technology may be utilized to the
      fullest extent for the benefit of Licensee, Licensor, the inventor(s) and the
      public; and

     

    WHEREAS,
      Licensor and Licensee desire to modify the aforementioned Technology License
      Agreement for the mutual benefit of both parties;

     

    NOW,
      THEREFORE, in consideration of the mutual promises and covenants contained
      herein, and for other good and valuable consideration, the receipt of which
      is
      hereby acknowledged, the parties agree as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              1.

            	
              The
                modifications of the Technology License Agreement herein will be
                effective
                as of the Second Addendum Effective Date and will remain in effect
                for the
                duration of the Technology License Agreement unless further modified
                in
                writing by the parties hereto.

            

    

     

    
      	
              2.

            	
              Section
                3.5 of the Technology License Agreement is deleted in its
                entirety.

            

    

     

    
      	
              3.

            	
              A
                new Section 3.10 is added to the Technology License Agreement as
                follows:

            

    

     

    3.10 Cash
      Payment. Licensee
      will pay Hickey a one-time cash payment of $158,438 on or before the date that
      is thirty (30) days after the first commercial sale of a Licensed Product by
      the
      Licensee. If the Licensee fails to make the full payment pursuant to this
      Section 3.10 on or before the due date, then interest shall accrue on any
      outstanding balance at a rate that is equal to the lesser of the maximum rate
      allowed by law or 1.5% per month, but in any case the cash payment and any
      accrued interest must be paid in full no later than December 31,
      2009.

     

    
      	4.	
              A
                new Section 3.11 is added to the Technology License Agreement as
                follows:

            

    

     

    3.11 Stock
      Grant.
      As of
      October 23, 2008,
      the
      Licensee shall issue 1,001,920 shares of its common stock, par value $0.001
      per
      share (“Common Stock”), as follows: (a) 412,860 shares of Common Stock will be
      issued to the Foundation; (b) 162,500 shares of Common Stock will be issued
      to
      Hickey; and (c) 426,560 shares of Common Stock will be issued to Lundgren.
      Each
certificate
      representing the shares of Common Stock to be issued pursuant to this Section
      3.11 will contain a restrictive legend on transfer and the Licensee will have
      no
      obligation to register any of the shares of Common Stock under the Securities
      Act of 1933, as amended.

     

    
      	4.	
              Section
                6.1 of the Technology License Agreement will be deleted in its entirety
                and replaced with the following:

            

    

     

    6.1
       Patent
      Costs Incurred Pre-Effective Date.
      Licensee
      and Licensor agree that as of October 23, 2008 an aggregate of $120,900 has
      been
      paid by the Licensee to the Licensor as reimbursement of Patent Costs incurred
      by the Licensor prior to the Effective Date of the Technology License Agreement.
      The Licensee and Licensor further agree that as of October 23, 2008, the
      remaining amount due from the Licensee to the Licensor for reimbursement of
      Patent Costs incurred by the Licensor prior to the Effective Date of the
      Technology License Agreement is $108,235. This amount will be paid by the
      Licensee to the Licensor as follows: (a) $39,101 will be paid in cash to Hickey
      on or before October 31, 2008; (b) $34,567 will be paid in cash to Lundgren
      on
      or before October 31, 2008; and (c) $34,567 will be paid in cash to Lundgren
      on
      or before February 1, 2009. 

     

    
      	
              5.

            	
              Other
                than as specifically modified in this Second Addendum, all other
                terms,
                conditions and covenants of the Technology License Agreement shall
                remain
                in full force and effect.

            

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the undersigned duly authorized representatives of the parties
      have executed this Second Addendum, effective as of the Second Addendum
      Effective Date.

     

    

    
      	
              SCIVANTA
                MEDICAL CORPORATION

            	
              THE
                RESEARCH FOUNDATION OF

            
	
            	
              STATE
                UNIVERSITY OF

            
	
            	
              NEW
                YORK

            
	 	 
	
              By: 
                /s/ David R.
                LaVance               
                

            	
              By: 
                /s/ Woodrow W.
                Maggard             
                

            
	
              David
                R. LaVance

            	
              Woodrow
                W. Maggard

            
	 	 
	
              Title:
                President and Chief Executive Officer

            	
              Title:
                Associate Vice Provost, STOR

            
	 	 
	 	 
	
              DONALD
                D. HICKEY, M.D.

            	
              CLAS
                E. LUNDGREN, M.D., Ph.D.

            
	 	 
	
              By: 
                /s/ Donald D. Hickey, M.D.       
                

            	
              By:
                 /s/ Clas E. Lundgren, M.D.,
                Ph.D.    

            
	
              Donald
                D. Hickey, M.D.

            	
              Clas
                E. Lundgren, M.D., Ph.D.

            

    

    
 

     

    
      
         

      

      
        3Unassociated Document

     

    ACORN
      ENERGY, INC.

    

    PROMISSORY
      NOTE

     

    
      	 	
              Montchanin,
                Delaware

            
	
              US$
                [___________] 

            	
              August
                13,  2008

            

    

     

    FOR
      VALUE
      RECEIVED, Acorn Energy, Inc., a corporation
      organized under the laws of Delaware (the
      “Borrower”), hereby promises to pay to the order of [__________] (the “Holder”)
      the principal sum of [__________] Dollars
      (US$[__________]) (the “Principal Amount”), together with interest
      thereon,
      in
      accordance with the provisions of this Note. The Principal Amount, or so much
      thereof as shall not have been repaid or prepaid pursuant hereto, shall be
      payable in full, together with all accrued and unpaid interest hereunder, on
      August 13,
      2009
      (the “Maturity Date”).

    

    This
      Note
      is one of five notes of like tenor (each a “Repayment Note”) issued in
      connection with a note transfer under that certain Securities Purchase Agreement
      dated of even date herewith (the “Securities Purchase Agreement”) by and among
      the Borrower, Coreworx Inc. and the Sellers named in the Securities Purchase
      Agreement.

    

    The
      following additional terms shall govern this Note:

    

    ARTICLE
      1

    PAYMENT
      RELATED PROVISIONS

    

    1.1. Interest
      Rate.
      Simple
      interest on the unpaid Principal Amount shall accrue from the date hereof until
      the Principal Amount is repaid or prepaid in full at a rate per annum equal
      to
      eight percent (8.0%) and shall be due and payable quarterly in arrears on each
      of November 13, 2008, February 13, 2009, May 13, 2009 and on the Maturity Date,
      accelerated or otherwise. If interest or principal of this Note shall not be
      paid when due, whether at stated maturity, by acceleration or otherwise, the
      outstanding principal shall bear interest to the extent permitted by applicable
      law, at a rate per annum equal to twelve percent (12%) during the period from
      the date of such default in payment to the date such overdue payment has been
      paid. Such interest shall accrue from the date of such default in payment to
      the
      date payment of such overdue principal has been made. Interest on overdue
      principal shall be payable on demand. Interest shall be computed on the basis
      of
      the actual number of days elapsed over a year comprised of 365
      days.

    

    1.2 Prepayment.
      Any and
      all amounts owing under this Note may be prepaid in whole or in part, without
      penalty.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ARTICLE
      2

    EVENT
      OF
      DEFAULT

    

    The
      occurrence of any of the following events of default (“Event of Default”) shall,
      at the option of
      the
      Holder hereof, make
      all
sums
      of
      principal and interest then remaining unpaid hereon and all other
      amounts
      payable hereunder immediately due and payable, all without demand, presentment
      or notice, or grace period (except as provided herein), all of which hereby
      are
      expressly waived, except as set forth below:

    

    2.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any principal or interest
      hereon when due and such failure continues for a period of ten (10)
      days
      after the date the
      Borrower
      has received notice of such failure.

    

    2.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant or other term or condition of this
      Note
      in any material respect and such breach, if capable of cure, continues for
      a
      period of twenty (20) days after written notice to the Borrower from the
      Holder.

    

    2.3 Insolvency
      Proceeding.
      If the
      Borrower shall become insolvent or involved in any liquidation or termination
      of
      its business, adjudication as bankrupt, assignment for the benefit of creditors,
      invoking of the provisions of any law for the relief of debtors, or the filing
      against it of any similar proceeding; provided however, that with respect to
      a
      filing against it, no Event of Default shall arise unless the Borrower fails
      to
      have such filing dismissed within sixty (60) days.

    

    2.4 Default
      on Other Repayment Notes.
      If an
      Event of Default has occurred under any other Repayment Note.

    

    2.5 Breach
      under Securities Purchase Agreement.
      The
      Borrower breaches any material covenant or other term or condition of the
      Securities Purchase Agreement in any material respect and such breach, if
      capable of cure, continues for a period of twenty (20) days after written notice
      to the Borrower from the Holder.

     

    ARTICLE
      3

    MISCELLANEOUS

    

    3.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege.
All
      rights
      and
      remedies
      existing hereunder are cumulative to, and not exclusive of, any rights or
      remedies otherwise available.

    

    3.2 Notices,
      Etc.
      All
      notices required or permitted to be given pursuant to this Note shall be given
      in writing in the English language, shall be transmitted by personal delivery,
      by registered or certified mail, return receipt requested, postage prepaid,
      or
      by overnight mail or by recognized overnight courier, with receipt confirmed,
      or
      by facsimile, telecopier or other electronic means. All such notices or
      communications shall be deemed given when actually delivered by hand, facsimile,
      telecopier, other electronic means or overnight courier, or, if mailed, five
      days after deposit in the U.S. or Canadian mail. For the purposes hereof, the
      address of
      the
      Holder shall be as set forth in the books and records of the Borrower. The
      address of
      the
      Borrower shall be 4 W. Rockland Road, Montchanin, Delaware 19710, Attention:
      Chief Executive Officer. Both the Holder and the Borrower may change the address
      for notice by service of notice to the other as herein provided.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    3.3 Amendment
      Provision.
      The term
“Note” and all references thereto, as used throughout this instrument, shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented. This Note may not be amended
      without the written consent of the Holder.

    

    3.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and permitted
      assigns; and shall inure to the benefit of the Holder and its successors and
      assigns. The Holder may assign this Note to an affiliate.

    

    3.5 Cost
      of Collection.
      If an
      Event of Default occurs in the payment of this Note, Borrower shall
      pay
      the
      Holder hereof reasonable costs of collection, including reasonable attorneys’
fees.

    

    3.6 Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of Delaware without regard to principles of conflicts of law of such
      state.

     

    3.7 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the
      maximum permitted by such law, any payments in excess of such maximum shall
      be
      credited
      against
      amounts owed by the Borrower to the Holder and thus refunded to the
      Borrower.

    

    3.8 Currency.
      All
      payments of principal and interest in respect of this Note shall be paid in
      lawful currency of the United States of America, by personal or bank check
      or by
      wire transfer to Holder’s account pursuant to wire transfer instructions to be
      delivered to Borrower.

    

    3.9 Loss
      of Note. 
      The
      Borrower covenants to the Holder that upon receipt of evidence reasonably
      satisfactory to the Borrower of the loss, theft, destruction, or mutilation
      of
      this Note and, in the case of any such loss, theft or destruction, upon receipt
      of an indemnity reasonably satisfactory to the Borrower, or in the case of
      any
      such mutilation upon surrender and cancellation of such Note, the Borrower
      will
      make and deliver a new Note, of like tenor, in lieu of the lost, stolen,
      destroyed or mutilated Note

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    IN
      WITNESS WHEREOF, Borrower
      has caused this Note to be signed in its name by a duly authorized officer
      on
      the date first above written.

    

    
      	 	
              ACORN
                ENERGY, INC.

            	 
	 	 	 	 
	 	 	 	 
	
            	
              
                By:
                  

              

            	                
              	 
	 	
              Name:
                

            	
              Michael
                Barth

            	 
	 	
              Title:
                

            	
              Chief
                Financial Officer

            	 

    

     

    
      
         

      

      
        4

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