Document:

Commercial Lease, dated July 6, 2006

 Exhibit 10.1 
 COMMERCIAL LEASE 
 THIS LEASE (“Lease”) dated this 6th day of July 2006 is made by and between Waldo Development, Inc. (the “Landlord”),
whose mailing address is 585 SW Biltmore Street, Port St. Lucie, Florida 34983 and eMerge Interactive, Inc. (the “Tenant”), whose mailing address is 10305 102nd Terrace, Sebastian, Florida 32958. 
 WITNESSETH: 
 Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, the Premises described below for the term and
subject to the terms, covenants and conditions hereinafter set forth: 
  

	1.	DEFINITIONS. Unless the context otherwise specifies or requires, the following terms shall have the meanings herein specified: 

  

	 	1.1	Base Rent: The base rent set forth in Exhibit “A” attached hereto and made a part hereof (plus all applicable sales tax). Landlord and Tenant agree that the
increase in base rent for years 2 and 3 shall be pegged to the consumer price index, but not to exceed three percent (3%) per year. 

  

	 	1.2	Building: Collectively, the building and other improvements on the Land. 

  

	 	1.3	Commencement Date: April 1, 2006. 

 Common
Areas: All facilities furnished by Landlord and designed for the general use, in common, of occupants of the Building, including Tenant, their respective officers, agents’ employees and customers, including but not limited to any of the
following which may be furnished by Landlord such as parking areas, driveways, entrances and exits thereto and landscape areas. All such areas shall be subject to the exclusive control, administration and management of Landlord and Landlord shall
have the right from time to time to change the area, level, location, amount and arrangement of such parking areas, if any, and other facilities referred to above, to reasonably restrict parking by Tenants and their employees and to make all rules
and regulations pertaining thereto for the proper operation and maintenance of the Common Areas. 
  

	 	1.4	Deposit: The sum of $88,999.62 is presently being held by Landlord for the benefit of Tenant from prior Lease dated April 1, 2003, between previous owner XL Realty Corp.
and Tenant. 

  

	 	1.5	Governmental Authority: Any federal, state, county, municipal or other governmental department, entity, authority, commission, board, bureau, court, agency or any
instrumentality of any of same. 

  

	 	1.6	Governmental Requirement: Any law, enactment, statute, code, ordinance, rule regulation, judgment, decree, writ, injunction, franchise, permit, certificate, license,
authorization, agreement or requirement of any Governmental Authority now existing or hereafter enacted, adopted, promulgated, entered, or issued applicable to the Premises. 

  

	 	1.7	Land: Intentionally Omitted. 

  

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	 	1.8	Premises: The portion of the Building to be occupied by the Tenant, consisting of approximately 10,798 square feet, with the address of 10305 102nd Terrace, Sebastian, Florida 32958. The portion of the Building to be occupied is more fully described as Area #1 4,530 square
feet, Area #3 5,315 square feet, Area #7 (not including phone room) 953 square feet and Area #10 2,952 square feet. Landlord and Tenant agree that Tenant shall have use of Area #9 and its loading dock until such time that landlord has found a
suitable tenant to lease this space to. Area numbered 3, 7, 10 and 9 are fully illustrated in Exhibit “B.” 

  

	 	1.9	Permitted Purpose: The premises shall be lawfully occupied by Tenant for the sole purpose of conducting eMerge’s business in the development of food safety technology
and equipment and livestock management software, to the extent permitted by Governmental Requirements. 

  

	 	1.10	Rent Commencement Date: The Rent Commencement Date shall be the same date as the Commencement Date, April 1, 2006. 

  

	 	•	Term: That time period between the Commencement Date and the Termination Date. Hereafter, all references to the “Term” of this Lease shall be deemed to be a reference as
well to such additional periods of time, if any, for which the Term may be extended. Provided Tenant is not in default of his Lease, Tenant shall have one (1) three-year period to extend the Lease Term, at the same terms and conditions as the
initial Lease Term, except the rent shall be as shown in Exhibit “A” attached hereto. 

  

	 	•	Termination Date: March 31, 2009. 

  

	2.	USE/COMPLIANCE. Tenant shall use the Premises solely for the Permitted Purpose, and for no other purpose whatsoever. The foregoing is a material consideration to Landlord in
entering into this Lease. Tenant shall not do, bring, keep or permit to be done in, on or about the Premises, nor bring, keep or permit to be brought therein, anything which is prohibited by, or will, in any way conflict with any Governmental
Requirement or cause a cancellation or an increase in the rate of any insurance policy covering the Premises. Tenant shall not do or permit anything to be done in, on or about the Premises for any improper, immoral, or unlawful purpose, nor shall
Tenant cause, maintain or permit any nuisance in, or about the Premises or commit or suffer to be committed any waste in, on or about the Premises. 

  

	3.	RENT AND ADDITIONAL RENT. 

  

	 	3.1	The term “Rent” as used in this Lease, shall include the Base Rent, and all other items, costs and expenses identified herein as “Additional Rent”, together with
all other amounts payable by Tenant to Landlord under this Lease. Beginning on the Rent Commencement Date, Tenant shall pay each monthly installment of Rent (plus all sales taxes from time to time imposed by any Governmental Authority in connection
with rents paid by Tenant under this Lease), in advance on the first calendar day of each month during the Term. Monthly installments for any fractional calendar month, at the beginning or end of the Term, shall be prorated based on the number of
days in such month that fall during the Term. Tenant shall pay all Rent, without demand, deduction or set off, to Landlord at the place specified for notice in Section 27 below. 

  

	 	3.2	Tenant also shall pay a late charge (“Late Charge”) equal to five percent (5%) of the amount of any delinquent installment of Rent as an administrative fee with each

  

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 payment of Rent not paid within five (5) days after same is due hereunder. The provisions herein
for a Late Charge shall not be construed to extend the date for payment of any sums required to be paid by Tenant hereunder or to relieve Tenant of its obligations to pay all such items at the time or times herein stipulated. Notwithstanding the
imposition of such Late Charge pursuant to this Section, Tenant shall be in default under this Lease if any or all payments required to be made by Tenant are not made at the time herein stipulated, and neither demand nor collection by
Landlord of any such Late Charge shall be construed as a cure for such default on the part of Tenant. 
  

	 	3.3	Beginning on the Rent Commencement Date, in addition to the Base Rent hereunder, Tenant shall pay, as Additional Rent, 1/12th of his pro-rata share of the “Expenses” (as
hereinafter defined) monthly, in advance, together with the payment of Base Rent. The Tenant has been advised and acknowledges the additional rent at the time of executing this Lease is $1.50 per square foot. It is the intention of all parties to
this lease that it be a net lease. Additional rent for “Year 1” (Exhibit “A”) shall not exceed $16,197.00. 

  

	 	3.4	Landlord shall reasonably estimate the Expenses which will be payable for each year during the Term, in advance. After the end of each year during the Term, Landlord shall furnish
Tenant a detailed statement of the actual Expenses incurred throughout the prior year. An adjustment shall be made between Landlord and Tenant with payment to or repayment by Landlord, as the case may require, to the end that Landlord shall receive
the entire amount actually owed by Tenant for Expenses for such year and Tenant shall receive reimbursement for any overpayments. The rendition of such statements to Tenant shall constitute prima facia proof of the accuracy of such statements and if
such statements show an Expense payment due from Tenant to Landlord then Tenant shall make the payment within fifteen (15) days after receipt of such statements. For purposes of this Section, the term Expenses shall constitute
percent of the aggregate of all of the costs and expenses incurred, borne, or accrued with respect to the ownership, operation, use and maintenance of the Land, the Common Areas and Building, including, without limitation Real Estate Taxes (as
hereinafter defined), utilities, management fees and insurance expenses incurred by Landlord in connection with the Land, Common Areas, and Building. 

  

	 	3.5	For purposes of this Section, “Real Estate Taxes” shall include any form of real estate tax or assessment, general, special, or extraordinary and any license fee,
commercial rental tax, improvement bond(s), levy or tax (other than inheritance, personal income or estate taxes) imposed on the Land and Building from time to time by any Governmental Authority. Tenant shall also pay before delinquency all taxes,
assessments, license fees, and other charges that are levied and assessed against Tenant’s personal property installed or located in or on the Premises. Further, Tenant shall, upon request, deliver to Landlord paid tax receipts evidencing
Tenant’s timely payment of all taxes assessed upon Tenant’s personal property. If applicable, the Landlord and Tenant shall mutually agree on Tenant’s proportionate share of Real Estate Taxes if the Premises and Land are not
separately assessed. 

  

	4.	CONSTRUCTION. Tenant to accept the premises “AS IS.” 

  

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	5.	PREPAID RENT; DEPOSIT. Landlord acknowledges receipt from Tenant of the Deposit. The Deposit shall be held as collateral security for the payment of Rent and other sums of
money payable by Tenant under this Lease, and for the faithful performance of all other terms, covenants and conditions of Tenant hereunder; the amount of the Deposit, without interest, shall be repaid to Tenant after the expiration of the Term,
provided Tenant shall have made all payments and performed all terms, covenants and conditions required under this Lease. Upon any Event of Default by Tenant hereunder, all or part of the Deposit may, at Landlord’s sole discretion, be applied
on account of such default, and thereafter Tenant shall promptly restore the resulting deficiency in the Deposit. Tenant hereby waives the benefit of any provision of law requiring the Deposit to be held in escrow or in trust, and the Deposit shall
be deemed to be the property of Landlord and may be co-mingled by Landlord with its own funds. Tenant further acknowledges that the Deposit is not to be construed as prepaid Rent by Tenant for the last rental period of the Term.

  

	6.	UTILITIES. Landlord shall not be required to pay any fees, costs, or expenses associated with the use of any facilities or services of any kind whatsoever such as, but not
limited to, water, sewers, telephone, refuse removal, or electricity, all of which shall be the responsibility of Tenant, at its sole cost and expense. 

  

	7.	MAINTENANCE BY TENANT. Except as set forth below, Tenant shall, at its sole cost and expense, maintain all of the Premises, including, but not limited to, all sprinkler
systems (if any), interior walls, windows, doors, and all portions of the Premises in good and sanitary order, condition and repair. Tenant shall, at its sole cost and expense, keep and maintain all utilities, fixtures, mechanical, electrical and
plumbing systems and equipment located in, on or about the Premises. This requires the Tenant to enter into an annual maintenance agreement with a reputable and licensed commercial HVAC contractor that will provide quarterly maintenance inspections
on all HVAC units. This agreement shall be updated annually and a copy provided to Landlord. If the agreement is not provided to the Landlord, Landlord has the right to purchase an agreement on behalf of the Tenant, and bill the Tenant for the same
in addition to a $100 administration fee. Tenant shall not store any trash, merchandise, crates, pallets or materials of any kind outside the Building in violation of Governmental Requirements. All trash shall be kept in metal containers that are
subject to Landlord’s approval, which approval shall not be unreasonably withheld or delayed. It is the intention of all parties to this Lease that it be a net lease and that Tenant shall pay, in addition to Rent, all costs and expenses related
to the Premises, including without limitation, all taxes, maintenance and repair expenses. No recreational vehicles, boats, motors or other equipment shall be parked or stored outside the Building. It is the Intent of this Lease to prohibit any
outside storage of any type. 

  

	8.	MAINTENANCE BY LANDLORD. Landlord shall, at its sole cost and expense, maintain the roof, HVAC units (except as set forth in paragraph 7), foundation and structural portions
of the walls of the Building and generally maintain the building and landscaping. Except as set forth in the preceding sentence, Landlord shall have no maintenance obligation with respect to the Premises. 

  

	9.	INSURANCE; INDEMNITY. 

  

	 	A.	Tenant, at its sole cost and expense, shall, throughout the Term, procure and maintain: 

  

	 	i.	Comprehensive public liability insurance with respect to the Premises and Tenant’s activities therein and thereabout, insuring against liability for personal injury or death,
property damage or other loss, including liability arising out of Tenant’s indemnity set forth in this Lease (contractual liability endorsement) with deductibles of no more than $1,000 and a combined single limit of not less than $1,000,000.00
per occurrence for bodily injury and property damage; 

  

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	 	ii.	Worker’s Compensation Insurance in at least the statutorily required amounts; and 

  

	 	iii.	Fire and Lightening Extended Coverage, Vandalism and Malicious Mischief, All Risks and Flood Insurance in an amount adequate to cover the replacement costs of all personal property,
decorations, trade fixtures, furnishings, equipment, and all contents of the Premises; and 

  

	 	iv.	Such other insurance as may be reasonably determined by Landlord. 

  

	 	B.	Tenant’s insurance shall be with a Best’s A+ rated company licensed to transact business in the State of Florida. Landlord shall be named as an additional insured under
Tenant’s insurance, and such insurance shall be primary and non-contributing with any insurance carried by Landlord. If, on account of the failure of Tenant to comply with the above, Landlord is adjudged to be a co-insurer by its insurance
carrier, then any loss or damage Landlord may sustain by reason thereof shall be borne by Tenant and shall be immediately paid by Tenant upon receipt of a bill thereof. Tenant’s insurance policies shall contain endorsements requiring thirty
(30) days notice to Landlord prior to any cancellation or any reduction in amount of coverage. Tenant shall deliver to Landlord as a condition precedent to its taking occupancy of the Premises (but not to its obligation to pay Rent), a
certificate or certificates evidencing such insurance acceptable to Landlord, and Tenant shall upon the expiration of such policies, deliver to Landlord certificates of insurance evidencing the renewal of such policies. 

  

	 	C.	Tenant, as a material part of the consideration to be rendered to Landlord, hereby agrees that it will indemnify Landlord and save it harmless from and against any and all claims
actions, damages, liability and expense in connection with loss of life, personal injury and or damage to property arising from or out of any occurrence in, upon or at the Premises and the Land, or the occupancy or use by Tenant of the Premises or
any part thereof, or occasioned wholly or in part by any act or omission of Tenant, its agents, employees, licensees, invitees, third persons in or about the Premises. In case Landlord shall be made a party to any litigation commenced by or against
Tenant, then Tenant shall protect and hold Landlord harmless and shall pay all costs, expenses and reasonable attorney’s fees incurred or paid by Landlord in connection with such litigation. In addition, Tenant, as a material part of the
consideration to be rendered to Landlord, hereby waives all claims against Landlord for personal injury or death, property damage or other loss to Tenant, its agents, employees, licensees, invitees or third persons in or about the Premises and the
Land from any cause, except Landlord’s gross negligence, arising at any time. Notwithstanding anything to the contrary in this Section, the amounts of insurance required of Tenant shall not be construed in any manner whatsoever so
as to limit Tenant’s liability hereunder and Tenant’s indemnification and holding harmless of Landlord shall survive the termination of this Lease. 

  

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	10.	WAIVER OF SUBROGATION. Tenant and Landlord release each other and waive any right of recovery against each other for loss or damage to their respective property, which occurs
on or about the Premises (whether due to the negligence of either party, their agents, employees, licensees, invitees or otherwise), to the extent that such loss or damage is reimbursed by insurance proceeds. Tenant and Landlord agree that all
policies of insurance obtained by either of them in connection with the Premises shall contain appropriate waiver of subrogation clauses. 

  

	11.	REPAIRS. If Tenant fails to make, maintain or keep the Premises in good repair and in accordance with all Governmental Requirements (if any), and such failure continues for
five (5) days after written notice from Landlord, Landlord may perform, but is not obligated to perform any such required maintenance and repairs, and the cost thereof shall be Additional Rent payable by Tenant within ten (10) days of
receipt of an invoice from Landlord. 

  

	12.	TENANT’S PROPERTY. Furnishings, trade fixtures and equipment installed by Tenant shall be the property of Tenant. On expiration of the Term, if there is then no Event of
Default, Tenant may remove any such property and shall repair the Premises to the same condition as when the Term commenced, ordinary wear and tear accepted, or reimburse Landlord for the cost of so repairing the Premises. If Tenant fails to remove
such property as required under this Lease, Landlord may do so and keep and use or dispose of the same in its sole discretion without any liability to Tenant on account thereof, and further may charge the cost of any such removal, storage or
disposition to Tenant. 

  

	13.	ALTERATIONS BY TENANT. Tenant shall not cut, drill into, disfigure, deface, or injure any part of the Premises, nor obstruct or permit any obstruction, alteration, addition,
or installation in the Premises without the prior written consent of Landlord. All alterations, additions or installations, including but not limited to partitions, air conditioning ducts or equipment (except movable furniture and fixtures put in at
the expense of Tenant and removable without defacing or injuring the Building or the Premises), shall become the property of Landlord at the expiration or any earlier termination of the Term. Landlord, however, reserves the option to require Tenant,
at Tenant’s sole cost and expense, upon notice, to remove all fixtures, alterations, additions, decorations or installations (including those not removable without defacing or injuring the Premises) and to restore the Premises to the same
condition as when originally leased to Tenant, reasonable wear and tear excepted. All work performed by Tenant shall be done: (a) in a good and workmanlike manner, (b) with materials of the quality and appearance comparable to those in the
Building, (c) in compliance with all Governmental Requirements, and (d) by contractors or mechanics fully licensed by all applicable Governmental Authorities. Prior to the commencement of any work by or for Tenant, Tenant shall furnish to
Landlord certificates evidencing the existence of worker’s compensation insurance covering all persons employed for such work and with respect to whom death or bodily injury claims could be asserted against Landlord, Tenant, or the Premises.

  

	14.	ASSIGNMENT; SUBLETTING. The identity and financial position of the Tenant is a material consideration of Landlord entering into this Lease. Tenant shall not, directly or
indirectly, assign or sublet under this Lease or any part thereof, nor permit all or any part of the Premises to be used or occupied by another, without first obtaining the written consent of 

  

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 Landlord, which shall not be unreasonably withheld. Any assignment or subletting made without such
Landlord’s consent shall be voidable by Landlord. Any consent by Landlord, unless specifically stated therein, shall not relieve Tenant from its obligations under this Lease. To be effective, any assignment or sublease must be in writing and
signed by the Landlord, Tenant and assignee/subtenant, and shall set forth the entire consideration being given and received. The acceptance of Rent from any other person shall neither be deemed to be a waiver of any of the provisions of this Lease
nor be deemed to be a consent to the assignment of this Lease or subletting of the Premises. If Landlord shall consent to any assignment or subletting, the assignee/subtenant shall assume all obligations of Tenant hereunder and neither Tenant nor
any assignee/subtenant shall be relieved of any liability hereunder in the performance of any of the terms, covenants and conditions hereof. In the event Tenant shall request the consent of Landlord to any assignment or subletting of this Lease,
Tenant shall pay, as Additional Rent, all of Landlord’s administrative costs, overhead, reasonable attorneys’ fees and processing costs incurred by Landlord in connection therewith regardless of whether or not Landlord consents to any such
assignment or subletting. 
  

	15.	LIENS. Notwithstanding any provision of this Lease to the contrary, Tenant shall never, under any circumstances, have the power to subject the interest of Landlord in the
Premises or Building to any mechanics’ or materialmen’s liens or liens of any kind nor shall any provision in this Lease ever be construed as empowering Tenant to encumber or cause Tenant to encumber the title or interest of Landlord in
the Premises or Building. In order to comply with the provisions of Section 713.10 Florida Statutes, it is specifically provided that neither Tenant nor anyone claiming by, through or under Tenant, including but not limited
to contractors, subcontractors, materialmen, mechanics and laborers, shall have any right to file or place any kind of lien whatsoever upon the Premises or Building or any improvement thereon, and any such liens are specifically prohibited. All
parties with whom Tenant may deal are put on notice that Tenant has no power to subject Landlord’s interest to any claim or lien of any kind or character, and all such persons so dealing with Tenant must look solely to the credit of Tenant, and
not to Landlord’s interest or assets. Tenant shall put all such parties with whom Tenant may deal on notice of the terms of this Section. If at any time a lien or encumbrance is filed against the Premises or Building as a result
of Tenant’s work, materials or obligations, Tenant shall promptly discharge said lien or encumbrance, and if said lien or encumbrance has not been removed within ten (10) days from the date it is filed, Tenant agrees to deposit with
Landlord cash in an amount equal to one hundred fifty percent (150%) of the amount of any such lien or encumbrance, to be held by Landlord (without interest to Tenant, except as may be required by law) until any such lien or encumbrance is
discharged. 

  

	16.	CASUALTY/DAMAGE AND DESTRUCTION. 

  

	 	16.1	Partial Damage: “Partial Damage” means damage or destruction to the Premises to the extent that the cost of repair is less than fifty percent (50%) of the fair
market value of the Premises immediately prior to such damage or destruction. If at any time during the Term there is Partial Damage, Landlord may, at Landlord’s option, either (i) repair such damage, in which event this Lease shall
continue in full force and effect, or (ii) give written notice to Tenant within thirty (30) days after the date of the occurrence of such damage of Landlord’s intention to terminate this Lease, which termination shall be effective as
of the date of the occurrence of such damage. 

  

	 	16.2	Destruction: “Total Destruction” means damage or destruction to the Premises to the extent that the cost of repair is fifty percent (50%) or more of the fair
market value of 

  

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 the Premises immediately prior to such damage or destruction. If at any time during the Term there is a
Total Destruction, Landlord may, at Landlord’s option, either (i) repair such damage in which event this Lease shall continue in full force and effect, or (ii) either Landlord or Tenant may terminate this Lease as of the date of such
Total Destruction. 
  

	 	16.3	Abatement of Rent: If Landlord repairs or restores the Premises pursuant to the provisions of this Section, the Rent payable hereunder for the period during
which such damage, repair or restoration continues shall be abated in proportion to the degree to which Tenant’s use of the Premises is impaired or, in the case that Tenant repairs or restores the premises, the Landlord shall reimburse Tenant
for the actual cost of such repairs of restoration. Except for abatement of Rent, if any, Tenant shall have no claim against Landlord as a result of any such damage. Furthermore, notwithstanding anything above to the contrary, Tenant shall not be
entitled to any abatement of Rent if such damage is in any way caused by Tenant. 

  

	17.	CONDEMNATION. If all or any part of the Premises shall be taken under power of eminent domain or like power, or sold under imminent threat thereof to any public authority or
private entity having such power, this Lease shall terminate as to the part of the Premises so taken or sold, effective as of the date possession is required to be delivered to such authority or entity. Rent for the remaining Term shall be reduced
in the proportion that the Premises is reduced by the taking. If a partial taking or sale of the Premises (I) reduces the size of the Premises by more than twenty percent (20%), or (ii) renders the Building commercially unviable to
Landlord (in Landlord’s sole discretion), Tenant in the case of (I), or Landlord in the case of (ii), may terminate this Lease by notice to the other party within thirty (30) days after the terminating party receives written notice of the
portion to be taken or sold, such termination to be effective one hundred and eighty (180) days after notice thereof, or when the portion is taken or sold, whichever is sooner. All condemnation awards and similar payments shall be paid and
belong to Landlord, except any amounts awarded or paid specifically for Tenant’s trade fixtures and relocation costs (provided such awards do not reduce Landlord’s award). Without limiting the generality of the foregoing, all leasehold
interest awards shall belong to and be paid to Landlord, and Tenant shall execute any assignment or other documentation requested by Landlord to effectuate such award or payment. 

  

	18.	ACCESS. Tenant shall permit Landlord to enter the Premises at all reasonable times with reasonable notice for the purposes of inspecting, repairing and leasing the Premises
and of ascertaining compliance by Tenant with the provisions of this Lease. Landlord shall use reasonable efforts so as to minimize any inconvenience to or disruption of Tenant. Landlord may show the Premises to prospective purchasers, mortgagees,
or tenants at any time. 

  

	19.	SIGNS. Tenant may install its sign or signs on the Premises, provided it is approved by Landlord and further provided Tenant does so in compliance with Governmental
Requirements, including, without limitation, all requirements imposed by the City of Sebastian, and all restrictions of record. Upon expiration or termination of this Lease, all signs installed by Tenant shall be removed and any damage resulting
there from shall be promptly repaired, or such removal and repair may be done by Landlord and the cost thereof charged to Tenant as Additional Rent hereunder. 

  

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	20.	TENANT’S DEFAULT. 

  

	 	20.1	All rights and remedies of Landlord herein enumerated shall be cumulative, and none shall exclude any other rights or remedies allowed by law or in equity. The occurrence of any of
the following shall constitute an “Event of Default” under this Lease by Tenant: (i) Tenant shall fail to make payment of any monthly installment of Rent, Additional Rent, or any other charges hereunder in the amount as herein
provided within three (3) days from the date any such payment is due; (ii) Tenant shall violate or fail to perform any of the other terms, covenants or conditions herein made by Tenant, and such violation or failure shall continue for a
period of thirty (30) days after written notice thereof to Tenant by Landlord or, if such violation or failure shall reasonably require longer than thirty (30) days to cure, if Tenant shall fail to commence to cure same within thirty
(30) days after receipt of notice thereof and continuously prosecute the curing of the same to completion with due diligence; (iii) Tenant shall make a general assignment for the benefit of its creditors or shall file or have filed
involuntarily against Tenant, a petition for bankruptcy or other reorganization, liquidation, dissolution or similar relief; (iv) a proceeding is filed against Tenant seeking any relief mentioned in (iii) above and said proceeding is not
discharged within forty-five (45) days of the filing thereof; (v) a trustee, receiver or liquidator shall be appointed for Tenant on a substantial part of its property; or (vi) Tenant shall mortgage, assign or otherwise encumber its
leasehold interest other than as specifically permitted under this Lease. 

  

	 	20.2	Notwithstanding the aforementioned, Landlord, in its sole discretion, may, at any time after Tenant’s default or violation of any term, covenant or condition contained herein:

  

	 	20.2.1	Apply the Deposit against the balance of all forms of Rent and Additional Rent due under this Lease; 

  

	 	20.2.2	Terminate Tenant’s right to occupy the Premises; 

  

	 	20.2.3	Enter the Premises and re-let the same or any part of the Premises in the name of Landlord, or otherwise, as Tenant’s agent, for a term shorter or longer than the balance of
the Term, and may grant concessions or free rent in connection therewith, thereby terminating Tenant’s right to possess the Premises, without terminating Tenant’s obligations to pay the entire balance of all forms of Rent and Additional
Rent for the remainder of the Term, plus repairs and expenses (including, but not limited to, the expenses of obtaining possession, brokerage expenses, tenant work modifications, legal fees, and decorating expenses) in connection therewith. Landlord
shall have no obligation to re-let the Premises, and its failure to do so, or failure to collect rent on re-letting, shall not affect Tenant’s liability under this Lease. In no event shall Tenant be entitled to a credit or repayment for
re-rental income which is payable by Tenant under this Lease or which covers a period after the original term of this Lease; and/or 

  

	 	20.2.4	Terminate this Lease and any right of renewal and retake possession of the Premises. 

  

	 	20.3	Any and all property which may be removed from the Premises by Landlord, pursuant to the authority of this Lease or of law, to which Tenant is or may be entitled, may be handled,
removed or stored by Landlord at the sole risk, cost and expense of Tenant, and Landlord shall in no event be responsible for the value, preservation or 

  

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 safekeeping thereof. Tenant shall pay to Landlord, upon demand, any and all expenses incurred in such
removal and all storage charges against such property. Any such property of Tenant not removed from the Premises or retaken from storage by Tenant within thirty (30) days after the end of the Term or of Tenant’s right to possession of the
Premises, however terminated, shall be conclusively deemed to have been forever abandoned by Tenant and may either be retained by Landlord as its property or may be disposed of in such manner as Landlord may see fit in its sole discretion.

  

	 	20.4	Tenant agrees, that if it shall at any time, fail to make any payment or perform any other act on its part to be made or performed under this Lease, Landlord may, but shall not be
obligated to, and after reasonable notice or demand and without waiving, or releasing Tenant from any obligation under this Lease, make such payment or perform such other act to the extent Landlord, in its sole discretion, may deem desirable, and in
connection therewith, to pay expenses and employ counsel. All sums so paid by Landlord and all expenses in connection therewith, together with interest thereon at the highest rate of interest per annum allowed by law from the date of payment, shall
be deemed Additional Rent hereunder and payable at the time of the next installment of Rent thereafter becoming due and Landlord shall have the same rights and remedies for the non-payment thereof, or of any other Additional Rent, as in the case of
default in the payment of Rent. 

  

	 	20.5	Notwithstanding anything to the contrary contained herein, if Landlord elects to terminate this Lease as a result of any of the contingencies specified in this
Section, Landlord shall forthwith, upon such termination, be immediately entitled to recover as damages, and not as a penalty, an amount equal to the Rent and Additional Rent provided in this Lease for the residue of the Term.

  

	 	20.6	If any of Tenant’s checks for Rent are dishonored by Tenant’s bank, the amount due shall be subject to Late Charges as outlined in Section 3.1. In addition thereto,
Tenant shall pay to Landlord a service charge covering administrative expenses relating hereto in the amount of One Hundred Dollars ($100.00) per such check. If during the Term more than two (2) of Tenant’s checks are so dishonored by
Tenant’s bank, then Landlord, in its sole discretion, may require all future Rent of Tenant to be paid by cashiers check or money order only. 

  

	 	20.7	In addition to the Late Charge, any payments required to be made by Tenant under the provisions of this Lease not made by Tenant when and as due shall, from the date when the
particular amount became due to the date of payment thereof to Landlord, bear interest at the rate of eighteen percent (18%) per annum or the maximum lawful rate of interest allowed by law (whichever is lower). Notwithstanding anything to the
contrary in this Lease, Tenant does not intend or expect to pay, nor does Landlord expect to charge, accept, or collect any Rent, Late Charge or interest which collectively would be greater than the highest legal rate of interest which may be
charged under the laws of the State of Florida. 

  

	 	20.8	In the event of a breach or threatened breach by Tenant of any of the terms, covenants and conditions of this Lease, Landlord shall have the right of injunction and the right to
invoke any remedy allowed at law or in equity as if re-entry, summary proceedings and other remedies were not herein provided for. Mention in this Lease of any 

  

 Page 10 

 particular remedy shall not preclude Landlord from any other remedy, in law or in equity. Tenant hereby
expressly waives any and all rights of redemption granted by or under any present or future laws in the event of Tenant’s being evicted or dispossessed for any cause, or in the event of Landlord’s obtaining possession of the Premises, by
reason of the violation by Tenant of any of the terms, covenants or conditions of this Lease or otherwise; and further expressly waives service of any notice of Landlord’s intention to re-enter. Notwithstanding the aforementioned, Tenant shall
pay all and singular the costs, charges, expenses, and attorneys’ fees, reasonably incurred or paid at any time by Landlord, including initial collection efforts and continuing through all litigation, appeals and any post-judgment execution
efforts until fully satisfied, because of the failure of Tenant to perform, comply with and abide by each and every of the terms, covenants and conditions of this Lease. 
  

	21.	QUIET ENJOYMENT. If and so long as Tenant pays all Rent and keeps and performs each and every term, covenant and condition herein contained on the part of Tenant to be kept
and performed, Tenant shall quietly enjoy the Premises without hindrance by Landlord. 

  

	22.	HOLDOVER TENANCY. If Tenant shall hold over after the expiration of the Term, at Landlord’s option, Tenant may be deemed to be occupying the Premises as a tenant from
month to month, which tenancy may be terminated by fifteen (15) days notice. During such tenancy, Tenant agrees to pay to Landlord, monthly in advance, Rent in an amount equal to one hundred fifty percent (150%) of the monthly installment
of Rent which was payable on the last day of the Term, unless a different rate is agreed upon, and to be bound by all of the terms, covenants and conditions herein specified. If Landlord re-lets the Premises (or any portion(s) thereof) to a new
tenant and the term of such new lease commences during the period for which Tenant holds over, Landlord shall be entitled to recover from Tenant any and all costs, legal expenses, attorney’s fees, damages, loss of profits or any other expenses
incurred by Landlord as a result of Tenant’s failure or inability to deliver possession of the Premises to Landlord when required under this Lease. 

  

	23.	AMENDMENT; WAIVER; APPROVAL; CONSENT. This Lease constitutes the entire agreement between the parties. This Lease shall not be amended or modified except in writing signed by
both parties. Failure of Landlord to exercise any of its rights in one or more instances shall not be construed as a waiver of Landlord’s right to strict performance of such rights or as to any subsequent breach of any such rights. Wherever
this Lease requires either the Landlord’s consent or approval, such consent or approval shall only be deemed given when in writing and, unless set forth expressly to the contrary, such consent or approval shall be in the sole discretion of
Landlord 

  

	24.	NOTICES. All notices, communications and statements required or permitted under this Lease shall be in writing, delivered in person or sent by United States Registered or
Certified Mail, return receipt requested, with postage prepaid, or Express Mail or Federal Express (or other similar courier service having a delivery system which provides for or makes available a signed receipt of delivery) or by facsimile
transmission (provided an original copy is thereafter provided in the manner stated in this Section below) addressed to the parties as follows: 

  

			
	AS TO TENANT:	 	WITH A COPY TO:
		
	eMerge Interactive, Inc.	 	
	10305 102nd Terrace	 	
	Sebastian, Florida 32958	 	
		
	and	 	
		
	Norman Miller	 	
	10305 102nd Terrace	 	
	Sebastian, Florida 32958	 	
		
	AS TO LANDLORD:	 	WITH A COPY TO:
		
	Waldo Development, Inc.	 	Joseph R. Casacci, P.A.
	585 SW Biltmore Street	 	14 Rose Drive
	Port St. Lucie, Florida 34983	 	Fort Lauderdale, Florida 33316

  

 Page 11 

 Mail service shall be deemed effective upon the earlier of either seventy-two (72) hours after
deposit in the U.S. mail in accordance herewith or upon receipt or refusal to accept receipt by a reputable courier service. Notices sent by facsimile transmission which are received by 4:00 p.m. (in the addressee’s time zone) shall be
deemed delivered as of the date of such transmission, provided that an original copy of such transmission is delivered to the addressee by a nationally utilized overnight courier service on the day following such transmission. Either party by
written notice to the other may designate additional parties to receive copies of notices sent to it. Such designees may be changed by written notice. Either party may at any time, in the manner set forth for giving notice to the other, designate a
different address to which notices, communication or statements to it shall be sent. 
  

	25.	SCHEDULES; EXHIBITS. All schedules, exhibits and typewritten riders, if any, attached or added hereto are made a part of this Lease by reference and the terms, covenants, and
conditions thereof shall control over any inconsistent provisions in the Sections of this Lease. 

  

	26.	LIMITATION OF LANDLORD’S LIABILITY. The term “Landlord” as used herein shall mean only the owner or owners, at the time in question, of the fee title to
the Premises. In the event of any transfer of such title or interest, Landlord herein named (and in the case of any subsequent transfers, then the grantor) shall be relieved from and after the date of such transfer of all liability in respect of
Landlord’s obligations thereafter to be performed, provided that any funds in the hands of Landlord or the then grantor at the time of such transfer, in which Tenant has an interest, shall be delivered to the grantee. The obligations contained
in this Lease to be performed by Landlord shall, subject to the above, be binding on Landlord’s successors and assigns, only during their respective periods of ownership. The obligations of Landlord under this Lease do not constitute personal
obligations of Landlord or the individual partners, shareholders, directors, and officers, and Tenant shall look solely to Landlord’s then existing interest in the Premises, and to no other assets of Landlord, for satisfaction of any liability
in respect of this Lease, and will not seek recourse against the individual partners, shareholders, directors, officers, or any of their personal assets for such satisfaction. 

  

	27.	LANDLORD’S RESERVED RIGHTS. With prior written notice to Tenant, but without being required to obtain Tenant’s consent, and without liability to Tenant,
landlord shall have the right to (i) sell the Premises (or any portion(s) thereof) and assign this Lease, the Deposit and Prepaid Rent to the purchaser, and upon such assignment Landlord shall be released from all of its obligations under this
Lease and Tenant agrees to attorn to such purchaser, or any other successor or assign of Landlord through foreclosure or deed in lieu of foreclosure or otherwise, and to recognize such person as successor Landlord under this Lease; provided that the
successor Landlord assumes in full all Landlord’s obligations under this Lease. 

  

 Page 12 

	28.	ESTOPPEL CERTIFICATE. Within ten (10) days after written request of either party hereto (the Requesting Party), the other party hereto (the Responding Party) shall
execute and deliver at no charge to the Requesting Party or its designee, a written statement certifying (i) that this Lease is unmodified and in full force and effect, or is in full force and effect as modified and stating the modifications;
(ii) the amount of Rent and the date to Rent have been paid in advance; (iii) the amount of any security deposited with Landlord; and (iv) that the Requesting Party is not in default hereunder or, if the Requesting Party is claimed to
be in default, stating the nature of any claimed default. Any such statement by the Responding Party may be relied upon by a purchaser or lender of the Premises, or any subtenant or assignee of this Lease. 

  

	29.	ACCORD AND SATISFACTION. No receipt and retention by Landlord of any payment tendered by Tenant in connection with this Lease shall give rise to or support or constitute an
accord or satisfaction, or a compromise or other settlement, notwithstanding any accompanying statement, instruction or other assertion to the contrary (whether by notation on a check or in a transmittal letter or otherwise), unless Landlord
expressly agrees to an accord and satisfaction, or a compromise or other settlement, in a separate writing duly executed by Landlord. Landlord may receive and retain, absolutely and for itself, any and all payments so tendered, notwithstanding any
accompanying instructions by Tenant to the contrary. Landlord will be entitled to treat any such payments as being received on account of any item or items of Rent, interest, expense or damage due in connection therewith, in such amounts and in such
order as Landlord may determine in its sole discretion. 

  

	30.	SEVERABILITY. The parties intend this Lease to be legally valid and enforceable in accordance with all of its terms, covenants and conditions to the fullest extent permitted
by law. If any term, covenant or condition hereof shall be invalid or unenforceable, the parties agree that such term, covenant or condition shall be stricken from this Lease, the same as if it never had been contained herein. Such invalidity or
unenforceability shall not extend to any other term, covenant or condition of this Lease, and the remaining terms, covenants or conditions hereof shall continue in effect to the fullest extent permitted by law, the same as if such stricken term,
covenant and condition never had been contained herein. 

  

	31.	SUBORDINATION. The rights of Tenant hereunder are and shall be, at the election of any mortgagee, subject and subordinate to the lien of any mortgage or mortgages, or the
lien resulting from any other method of financing or refinancing, now or hereafter in force against the Premises (or any portion(s) thereof), and to all advances made or hereafter to be made upon the security thereof and all renewals, modifications
or extensions thereof (collectively, the “Superior Instruments”). This Section shall be self-operative and no further instrument of subordination shall be required by any mortgagee, but Tenant agrees upon request of Landlord,
from time to time, to execute whatever documentation may be required to further effect the provisions of this Section. Landlord agrees to use reasonable efforts to obtain a Non-Disturbance Agreement, in customary and usual form and
content, from any mortgagees. 

  

	32.	TIME. Time is of the essence of this Lease with respect to Tenant’s obligations hereunder and applies to all terms, covenants, and conditions contained herein with
respect to Tenant’s obligation hereunder. All “days” set forth in this Lease shall be deemed to be “calendar days” unless specifically stated to the contrary. 

  

	33.	SUCCESSORS AND ASSIGNS. All terms, conditions to be observed and performed by Landlord and Tenant hereunder shall be applicable to and binding upon their respective heirs,
administrators, executors, and permitted successors and assigns. All expressed covenants of this Lease shall be deemed to be covenants running with the land. 

  

 Page 13 

	34.	CAPTIONS AND SECTION NUMBERS. The captions and section numbers are for convenience of reference only and in no way shall be used to construe or modify the provisions set
forth in this Lease. It is understood and agreed that verbs and pronouns in the singular number are uniformly used throughout this Lease regardless of gender, number of the parties hereto. 

  

	35.	AUTHORITY. The person executing this Lease, on behalf of Tenant, does hereby covenant and warrant that Tenant is duly authorized to transact business, is in good standing and
existing, that Tenant is qualified to do business in the State of Florida, Tenant has full right and authority to enter into this Lease, and that the persons signing on behalf of Tenant were authorized to do so. 

  

	36.	APPLICABLE LAW. This Lease shall be construed according to the laws of the State of Florida. Should any provision of this Lease require judicial interpretation, it is agreed
by the parties hereto that the court interpreting or construing the same shall not apply a presumption that any such provision shall be more strictly construed against the party who itself or through its agent prepared the same, as all parties have
participated in the preparation of the provisions of this Lease and that all terms, covenants and conditions were negotiable. 

  

	37.	BROKER INDEMNIFICATION. As part of the consideration for the granting of this Lease, Tenant represents and warrants to the Landlord that no broker or agent negotiated or was
instrumental in negotiating or consummating this Lease on Tenant’s behalf. 

  

	38.	SURRENDER OF PREMISES. Tenant agrees to surrender to Landlord, at the end of the Term or upon any earlier termination of this Lease, the Premises in (i) as good
condition as the Premises were at the Commencement Date, ordinary wear and tear excepted; (ii) Tenant shall remove its trade fixtures, furnishings and equipment from the Premises and shall repair any damage caused by such removal; and
(iii) Tenant shall also remove all rubbish from the Premises. Tenant hereby expressly authorizes Landlord, as agent of Tenant, to remove such rubbish and make such repairs as may be necessary to restore the Premises to such condition at the
sole cost and expense of Tenant. 

  

	39.	ATTORNEYS’ FEES. If either party herein brings an action to enforce the terms hereof or declare rights hereunder, the prevailing party in any such action, on trial or
appeal, shall be entitled to its costs and reasonable attorney’s fees, including all appeals from the non-prevailing party. 

  

	40.	LANDLORD’S DEFAULT. Should Landlord be in default under any of the terms, covenants or conditions of this Lease, Tenant shall give Landlord prompt written notice
thereof, and Tenant shall allow Landlord a reasonable length of time in which to cure such default, which time shall not, in any event be less than thirty (30) days from the date of Landlord’s receipt of such notice. If the default cannot
be cured within such thirty (30) days, no event of default shall be deemed to have occurred so long as Landlord shall commence the curing of such default within the thirty (30) day period and shall thereafter diligently continue the curing
of same. In the event Landlord fails to cure any such default within the period prescribed in this Section, or fails to diligently cure any such default, then, after written notice from Tenant to Landlord, Tenant may perform any such
obligations of Landlord. 

  

 Page 14 

	41.	FORCE MAJEURE. Landlord shall not be required to perform any term, covenant or condition in this Lease so long as such performance is delayed or prevented by force majeure,
which shall mean acts of God, labor disputes (whether lawful or not), material or labor shortages, restrictions by any Governmental Authority, civil riots, floods, hurricanes, and any other cause not within the control of Landlord.

  

	42.	TENDER AND DELIVERY OF LEASE. Submission of this Lease does not constitute an offer, right of first refusal, reservation of or option for the Premises or any part thereof.
This Lease becomes effective as a lease upon execution and delivery by both Landlord and Tenant. 

  

	43.	HAZARDOUS WASTE 

  

	 	43.1	Tenant represents and warrants to Landlord that Tenant’s use and activities on the Premises shall be conducted in compliance with all applicable environmental ordinances,
rules, regulations, statutes, orders, and laws of all local, state, or federal agencies or bodies with jurisdiction over the Premises or the activities conducted on the Premises (hereinafter collectively referred to as the “Environmental
Laws”). In the event any of Tenant’s activities require the use of “hazardous” or “toxic” substances, as such terms are defined by any of the Environmental Laws, then Tenant represents and warrants to Landlord that
Tenant has received all permits and approvals required under the Environmental Laws with respect to such toxic or hazardous substances. Tenant covenants and agrees to maintain the Premises in a “clean” condition during the term of this
Lease, as extended or renewed. As used in this paragraph, the term “clean” shall mean that the Premises are in complete compliance with the standards set forth under the Environmental Laws and any standards set forth in this Lease.

  

	 	43.2	In the event Tenant breaches any of its representations, warranties, or covenants and agreements contained in this paragraph or fails to notify Landlord of the release of any
hazardous or toxic substances from the Premises, then such breach or failure to notify shall be deemed a default under this Lease and Landlord shall have all rights and remedies available to it, including, but not limited to, the right to terminate
this Lease or initiate a clean-up of the Premises, in which case Landlord shall be reimbursed by Tenant for, and indemnified by Tenant from, any and all costs, expenses, losses, and liabilities incurred in connection with such clean-up of the
Premises (including all reasonable attorneys’ and paralegals’ fees at trial and all appellate levels) by Tenant. In the alternative, Landlord may require Tenant to clean-up the Premises and to fully indemnify and hold Landlord harmless
from any and all losses, liabilities, expenses (including but not limited to reasonable attorneys’ and paralegals’ fees at trial and all appellate levels), and costs incurred by Landlord in connection with Tenant’s clean-up action.
Notwithstanding anything herein, Tenant agrees to pay, and shall indemnify Landlord from and against, any and all losses, claims, liabilities, costs, and expenses (including reasonable attorneys’ and paralegals’ fees at trial and all
appellate levels) incurred by landlord as a result of any breach by Tenant of this paragraph, and/or as a result of any contamination of the Premises due to Tenant’s use of hazardous or toxic substances on the Premises.

  

	44.	OPTION TO EXTEND. Tenant is given the option to extend the term of all the provisions contained in this Lease for one (1) additional period of three (3) years
(“Extended Term”) following expiration of the initial term, by giving notice of exercise of the option (“Option Notice”) to Landlord at least ninety (90) days before the expiration of the term; provided that,

  

 Page 15 

 if Tenant is in default on the date of giving the Option Notice, the Option Notice shall be totally
ineffective, or if Tenant is in default on the date the Extended Term is to commence, the Extended Term shall not commence and this Lease shall expire at the end of the initial term. Tenant shall have no other right to extent the term beyond the
Extended Term. 
  

	45.	RADON GAS. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are
exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit.

  

	46.	OFAC COMPLIANCE. (a) Tenant represents and warrants that (a) Tenant and each person or entity owning an interest in Tenant is (i) not currently identified on
the specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control, Department of the Treasury (“OFAC”) and/or on any other similar list maintained by OFAC pursuant to any authorizing statute,
executive order or regulation (collectively, the “List”), and (ii) not a person or entity with whom a citizen of the United States is prohibited to engage in transactions by any trade embargo, economic sanction, or other prohibition
of United States law, regulation, or Executive Order of the President of the United States, (b) none of the funds or other assets of Tenant constitute property of, or are beneficially owned, directly or indirectly, by any Embargoed Person (as
hereinafter defined), (c) no Embargoed Person has any interest of any nature whatsoever in Tenant (whether directly or indirectly), (d) none of the funds of Tenant have been derived from any unlawful activity with the result that the
investment in Tenant is prohibited by law or that the Lease is in violation of law, and (e) Tenant has implemented procedures, and will consistently apply those procedures, to ensure the foregoing representations and warranties remain true and
correct at all times. The term Embargoed Person” means any person, entity or government subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C. § 1701 et
seq., the Trading with the enemy Act, 50 U.S.C. App. 1 et seq., and any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by law or Tenant is in violation of law.

  

	47.	JURY WAIVER; COUNTERCLAIMS. LANDLORD AND TENANT HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM INVOLVING ANY MATTER WHATSOEVER ARISING OUT OF OR IN
ANY WAY CONNECTED WITH (i) THIS LEASE, (ii) THE RELATIONSHIP OF LANDLORD AND TENANT, (iii) TENANT’S USE OR OCCUPANCY OF THE PREMISES OR (iv) THE RIGHT TO ANY STATUTORY RELIEF OR REMEDY. THIS WAIVER IS MADE KNOWINGLY,
INTENTIONALLY, AND VOLUNTARILY BY TENANT. TENANT FURTHER ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED (OR HAS HAD THE OPPORTUNITY TO BE REPRESENTED) IN THE SIGNING OF THIS LEASE AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT COUNSEL, SELECTED OF ITS
OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL. THIS PROVISION IS A MATERIAL INDUCEMENT TO LANDLORD IN AGREEING TO ENTER INTO THIS LEASE. TENANT ACKNOWLEDGES THAT IT HAS READ AND UNDERSTANDS THE MEANING AND
RAMIFICATIONS OF THIS WAIVER PROVISIONS AND AS EVIDENCE OF THIS FACT SIGNS IT INITIALS OR THE INITIALS OF ITS DULY AUTHORIZED REPRESENTATIVE IN THE SPACE IMMEDIATELY BELOW. 

  

 Page 16 

 IN WITNESS WHEREOF, the respective parties have signed, sealed and delivered this Lease on the date and year written
below. 
  

							
		 		 	LANDLORD:
			
		 		 	 WALDO DEVELOPMENT, INC., a
 Florida
Corporation,

				
		 		 	By:	 	 /s/ JAMES A. DOVAS

	Witnesses:	 		 	Print Name:	 	James A. Dovas
		 		 	Title:	 	President
	By:	 	 /s/ TREVA S. GILKEY
	 	Date:	 	July 6, 2006
	 	 		 	
	Print Name:	 	Treva S. Gilkey	 		 	
				
	By:	 	 /s/ FREILK MOSQUEDA
	 		 	
	Print Name:	 	Freilk Mosqueda	 		 	
			
		 		 	TENANT:
			
		 		 	eMerge Interactive, Inc.
				
		 		 	By:	 	 /s/ DAVID C. WARREN

	Witnesses:	 	Print Name:	 	David C. Warren
		 	 Title:
 Date:
	 	 President & CEO
 July 6,
2006

	By:	 	 /s/ CHRISTINE SMITH
	 	 
	Print Name:	 	Christine Smith	 		 	
				
	By:	 	  
	 		 	
	Print Name:	 	  
	 		 	

  

 Page 17Cooperative Marketing Agreement

 Exhibit 10.2 
 EMERGE INTERACTIVE, INC. 
 AND 
 POWER GENETICS COMPANY 
 COOPERATIVE MARKETING AGREEMENT

 This Cooperative Marketing Agreement (the “Agreement”) is made this 7th day of July, 2006 (the “Effective Date”), by and
between eMerge Interactive, Inc., a Delaware corporation, having its principal place of business at 10305 102nd
Terrace, Sebastian, Florida, 32958 (“eMerge”), and Power Genetics Company, a Nebraska corporation, having its principal place of business at 416 Center Avenue, Holbrook, Nebraska, 68948 (“PG”). 
 WHEREAS, eMerge has developed and markets the CattleLog Pro software and hardware systems, CattleLog Data Services and eMerge auditing and listing services
(collectively, the “eMerge Products”) for use in the livestock industry; 
 WHEREAS, eMerge and PG desire to undertake a cooperative marketing
initiative and agree to develop promotional programs that utilize the eMerge Products; and 
 WHEREAS, the parties agree to cooperate in the marketing and
development of promotional programs that utilize the eMerge Products. 
 NOW, THEREFORE, in consideration of the mutual covenants set forth below, and other
good and valuable consideration, the receipt and sufficiency of which are acknowledged, eMerge and PG hereby agree as follows: 
  

	1.	Marketing and Promotion. 

  

	 	1.1	Right to Market. During the Term and subject to the terms of this Agreement, eMerge hereby grants to PG a non-exclusive right to market, promote and sell the eMerge Products.

  

	 	1.2	Marketing Efforts. PG shall use commercially reasonable efforts to, on an ongoing basis, market, promote and sell the eMerge Products to PG customers.

  

	 	1.3	Retained Rights. Notwithstanding Section 1.2, eMerge shall retain all rights to market, sell and license the eMerge Products directly or indirectly to any party.

  

	2.	Stock Incentives for Milestones. 

  

	 	2.1	Milestone Events. 

  

	 	a.	PG shall be issued up to 66,667 shares of eMerge Common Stock, par value $0.01 per share (“eMerge Common Stock”) upon the completion of certain milestone events
detailed in Exhibit A attached hereto (the “Milestone Events Schedule”) over the period from Effective Date through December 31, 2007, provided, however, that any issuance of such shares shall be contingent upon
the execution and delivery by PG of a subscription agreement substantially similar in form and substance to Exhibit B attached hereto (the “Subscription Agreement”) and any deviations therefrom shall be satisfactory to eMerge. Upon
issuance, such 

  

 Page 1 

 shares will be validly issued, fully paid and nonassessable; provided, however, that such
shares may be subject to restrictions on transfer under state and/or federal securities laws as set forth in the Subscription Agreement or as otherwise required by such laws at the time a transfer of such shares is proposed. 
  

	 	b.	The number and kind of securities issuable to PG pursuant to this Agreement shall be subject to adjustment from time to time upon the happening of any of the following. In
case eMerge shall (i) pay a dividend in shares of eMerge Common Stock or make a distribution in shares of eMerge Common Stock to holders of its outstanding eMerge Common Stock, (ii) subdivide its outstanding shares of eMerge Common Stock
into a greater number of shares, (iii) combine its outstanding shares of eMerge Common Stock into a smaller number of shares of eMerge Common Stock, or (iv) issue any shares of its capital stock in a reclassification of the Common Stock,
then the number of shares issuable immediately prior thereto shall be adjusted so that PG shall be entitled to receive the kind and number of shares or other securities of eMerge which it would have owned or have been entitled to receive had such
shares been issued in advance thereof. An adjustment made pursuant to this paragraph shall become effective immediately after the effective date of such event retroactive to the record date, if any, for such event. 

  

	 	c.	For purposes of clarity, PG must complete all of those items comprising a particular Milestone Event before the issuance of eMerge Common Stock shall occur.

  

	 	d.	As of the date hereof, eMerge has 4,113,502 shares of Common Stock, par value $0.01 per share, issued and 4,030,578 shares of Common Stock, par value $0.01 per share,
outstanding. 

  

	 	2.2	Records and Reporting. PG shall keep and maintain written records pertaining to its activities to market, promote and sell the eMerge Products during the Term. Such records
will be recorded in sufficient detail to permit eMerge to confirm the accuracy of each Milestone Event. 

  

	 	2.3	Exception. Notwithstanding any provision to the contrary in this Agreement, including Section 2 hereof, under no circumstances shall eMerge be required to issue
those shares of eMerge Common Stock set forth in Section 2.1 upon the completion of any Milestone Event to the extent that following such issuance, the Subscriber would, individually or as part of a “group” (as such term is
used in Section 13(d) of the Exchange Act), directly or indirectly own 20% or more of the outstanding eMerge Common Stock or 20% or more of the voting power outstanding, in either case without prior stockholder approval.

  

	3.	Charges Applicable to PG Customers. 

  

	 	3.1	The eMerge Products. PG customers purchasing the eMerge Products as a result of PG’s sales and promotion efforts, as described herein, excluding eMerge customers
existing prior to the Effective Date, will be charged the rates outlined in Exhibit C attached hereto (the “Pricing Schedule”). 

  

 Page 2 

	 	3.2	Adjustment. Notwithstanding the foregoing, eMerge shall have the right to adjust, at any time and in its sole discretion, the pricing terms, including the charges set forth
in Section 3.1, applicable to the eMerge Products or any other products and services. 

  

	4.	Relationship Between the Parties. The parties agree and acknowledge that the relationship of the parties is in the nature of an independent contractor. This Agreement shall
not be deemed to create a partnership or joint venture and neither party shall be deemed to be the other party’s agent, partner, employee or representative and under no circumstances shall any of the employees of one party be deemed the
employees of the other for any purpose. This Agreement shall not be construed as authority for either party to act for the other party in any agency or other capacity or to make commitments of any kind for the account of, or on behalf of, the other
party, except to the extent, and for the purposes, expressly provided for and set forth herein. 

  

	5.	Expenses. Each party shall bear in entirety its own costs and expenses, including all costs for marketing, promotion, advertising, promotional materials, professional
education, public relations, outside services and expenses incurred by a party which relate directly to this Agreement and other activities related to this Agreement. 

  

	6.	Term and Termination. 

  

	 	6.1	Initial Term and Renewal Terms. This Agreement shall commence on the Effective Date and, unless earlier terminated or extended pursuant to this Section 6, shall
expire twenty-four (24) full calendar months after the Effective Date (including any renewals, the “Term”). This Agreement will automatically renew for successive one (1) year terms unless either party provides written notice to
the other party of its intention not to renew at least sixty (60) days prior to the expiration of the then-current term. 

  

	 	6.2	Termination for Cause. 

  

	 	a.	Either party may terminate this Agreement upon written notice to the other party if the other party materially breaches any of the provisions of this Agreement and fails to
cure such breach within thirty (30) days following written notice from the non-breaching party specifying the breach. 

  

	 	b.	Either party may terminate this Agreement upon written notice to the other, if such other party is or becomes insolvent, appoints a receiver or trustee over itself or its assets, or
if any petition, proceeding or other action under any bankruptcy laws is filed by such other party, and not dismissed or otherwise favorably resolved within sixty (60) days. 

  

	 	6.3	Termination for Convenience. Either party may, at its sole discretion and without prejudice to any other right or remedy, terminate this Agreement for convenience, effective
thirty (30) days following written notice to the other party; provided, however, that the termination right granted in this Section 6.3 may only be exercised upon the completion of all Milestone Events set forth in
Section 2.1 above. 

  

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	 	6.4	Termination of Rights. Upon termination or expiration of this Agreement, all rights granted and appointments made hereunder shall cease and be of no further force or effect,
and PG shall have no further right to market, promote or sell the eMerge Products. 

  

	 	6.5	Survival. The termination of this Agreement shall not relieve either party of any obligation or liability accrued prior to termination. Additionally, the following provisions
shall survive any termination, expiration, or cancellation of this Agreement: Sections 1.3, 3.2, 7, 9, 10, 11, 12, 13.2, 13.5 and 13.6. 

  

	7.	Intellectual Property. The parties acknowledge and agree that (i) all intellectual property in any eMerge Products, software, systems and documentation and other preexisting
Materials of eMerge (collectively, the “eMerge Property”), as between eMerge and PG, shall be the property of eMerge; (ii) all intellectual property in any PG products, software, systems and documentation and other preexisting Materials of
PG (collectively, the “PG Property”), as between PG and eMerge, shall be the property of PG; (iii) any intellectual property in any improvement, modification, derivation, revision, condensation, transformation, expansion or adaptation of
any eMerge Property, which may be developed by eMerge in the course of this Agreement, whether alone or jointly with PG (collectively, an “eMerge Work”), as between eMerge and PG, shall be the property of eMerge; (iv) any intellectual
property in any improvement, modification, derivation, revision, condensation, transformation, expansion or adaptation of any PG Property, which may be developed by PG in the course of this Agreement, whether alone or jointly with eMerge
(collectively, a “PG Work”), as between PG and eMerge, shall be the property of PG; and (v) to the extent the parties develop, individually or jointly, any intellectual property in connection with PG’s marketing, promotion and selling
efforts under this Agreement that does not constitute an eMerge Work or a PG Work, the parties shall agree as to the ownership of such intellectual property in a separate agreement. “Materials” means literary works or other works of
authorship, such as software code (source and object code), software programs, program listings, programming tools, methodology, user manuals, reports, drawings, and other written documentation and machine-readable text and files.

  

	8.	eMerge Trademarks. 

  

	 	8.1	License to Trademarks. eMerge grants to PG a limited, irrevocable, non-exclusive right and license during the Term to reproduce the eMerge trademarks as necessary for the
sole purpose of allowing PG to market and promote the eMerge Products, all in accordance with the terms of this Agreement and eMerge’s policies regarding the reproduction of the trademarks. All use of the trademarks shall be in accordance with
eMerge’s specifications and shall inure to the benefit of eMerge. Upon termination or expiration of this Agreement, PG shall immediately cease its use and reproduction of the trademarks. PG shall not take any action that may jeopardize
eMerge’s intellectual property rights or acquire any right in the trademarks. 

  

	 	8.2	Trademark Notices. PG shall include a notice in the following form on any brochures, documentation, web pages, screen displays, or other materials that promote or market the
eMerge Products or any PG product or services that incorporates or utilizes the eMerge Products in which any eMerge trademark is displayed: “[Insert Trademark] is a trademark of eMerge Interactive, Inc.” 

  

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	9.	Confidentiality. 

  

	 	9.1	Confidential Information. “Confidential Information” means all information related to the business of the disclosing party that would reasonably be considered
proprietary or confidential, including, but not limited to, the object code and source code of the software, system architecture, documentation, trade secrets, algorithms, pricing information, business methods, business and technical plans, research
and test results, including the results of any performance or benchmark tests or evaluation of systems, employee lists and data, customer lists and data, financial information, technical information, business plans, organization plans, and internal
policies. 

  

	 	9.2	Exclusions. Confidential Information does not include information that the receiving party can demonstrate through written documentation (i) is or becomes publicly
available through no act or omission of the receiving party; (ii) the disclosing party discloses to a third party without restriction on further disclosure; (iii) is rightfully disclosed to the receiving party by a third party without
restriction on disclosure; (iv) is independently developed by the receiving party without access to the disclosing party’s Confidential Information; or (v) is previously known to the receiving party without nondisclosure obligations.

  

	 	9.3	Nondisclosure. Each party agrees that it will not disclose to any third party any Confidential Information belonging to the other party without the other party’s prior
written consent. Each party agrees that it will not use the Confidential Information of the other party except as authorized in this Agreement. Each party further agrees that it will maintain the confidentiality of all Confidential Information of
the other party and prevent the unauthorized disclosure or use of any Confidential Information by its clients, customers, employees, subcontractors, representatives or any other persons. In no event shall any party use less care to maintain the
Confidential Information of the other party than it uses to maintain the confidentiality of its own similar non-public information. Each party further agrees to notify the other in writing of any misuse or misappropriation of the other party’s
Confidential Information that may come to its attention. Upon termination of this Agreement or at any time upon request by the owner thereof, and except as otherwise specifically stated herein, the recipient shall return all Confidential Information
of the other party in its possession or control. 

  

	 	9.4	Required Disclosure. Notwithstanding the provisions of this Section 9, eMerge may disclose any Confidential Information if such disclosure is required under
applicable law or regulation, the rules of the New York Stock Exchange or pursuant to the terms of a valid, effective subpoena or order issued by a court or governmental agency of competent jurisdiction. 

  

	 	9.5	Inside Information. PG hereby acknowledges that it is aware, and that PG will advise its representatives who receive the Confidential Information, that the United States
securities laws prohibit any person who has material, nonpublic information concerning the matters which are the subject of this 

  

 Page 5 

 Agreement from purchasing or selling securities of eMerge and from communicating such information to any
other person under circumstances in which it is reasonably foreseeable that such person (including any of PG’s representatives) is likely to purchase or sell such securities. 
  

	10.	Representations and Warranties. 

  

	 	10.1	eMerge Disclaimer of Warranties. EXCEPT FOR ANY EXPRESS WARRANTIES MADE IN THIS SECTION 10, EMERGE MAKES NO WARRANTIES WHATSOEVER, EITHER EXPRESS OR IMPLIED, WITH
REGARD TO THE EMERGE PRODUCTS, SYSTEMS, SOFTWARE, DOCUMENTATION OR ANY SERVICES COVERED BY THIS AGREEMENT, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. EMERGE DOES NOT
WARRANT, GUARANTEE, OR MAKE ANY REPRESENTATIONS THAT THE EMERGE PRODUCTS ARE ERROR-FREE OR REGARDING THE USE, OR THE RESULTS OF THE USE, OF THE EMERGE PRODUCTS IN TERMS OF CORRECTNESS, ACCURACY, RELIABILITY OR OTHERWISE. 

  

	 	10.2	PG Disclaimer of Warranties. EXCEPT FOR ANY EXPRESS WARRANTIES MADE IN THIS SECTION 10, PG MAKES NO WARRANTIES WHATSOEVER, EITHER EXPRESS OR IMPLIED, WITH REGARD TO
THE SERVICES COVERED BY THIS AGREEMENT, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

  

	11.	Limitation of Liability. 

  

	 	11.1	Exclusion of Liability. NEITHER PARTY WILL BE LIABLE, UNDER ANY CONTRACT, WARRANTY, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHER THEORY, FOR ANY SPECIAL, PUNITIVE, INDIRECT,
INCIDENTAL OR CONSEQUENTIAL DAMAGES INCLUDING, BUT NOT LIMITED TO, LOSS OF OR DAMAGE TO DATA, LOSS OF ANTICIPATED REVENUE OR PROFITS, WORK STOPPAGE OR IMPAIRMENT OF OTHER ASSETS, WHETHER OR NOT FORESEEABLE AND WHETHER OR NOT THE PARTY HAS BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL EMERGE’S LIABILITY UNDER THIS AGREEMENT EXCEED AN AMOUNT EQUAL TO THE VALUE, DETERMINED AS OF THE EFFECTIVE DATE, OF THE EMERGE COMMON STOCK ACTUALLY ISSUED BY EMERGE TO PG UNDER
THIS AGREEMENT. 

  

	12.	Indemnification. Each party will defend, indemnify and hold harmless the other party, its affiliates, and the respective current, future and former officers, directors,
employees, successors and assigns of each of the foregoing, and each of the foregoing persons or entities (the “Indemnitees”) on demand, from and against any and all claims, liabilities, fines, interest, costs, expenses, damages and losses
(“Indemnified Losses”) incurred by the Indemnitees to the extent that such Indemnified Losses arise out of or are related to the conduct, negligence, willful misconduct, misrepresentation, breach of warranty or other breach of this
Agreement on the part of the indemnifying party or any of its current, future and former officers, directors, employees or other agents. 

  

 Page 6 

	13.	General. 

  

	 	13.1	Force Majeure. Neither eMerge nor PG shall be liable to the other for delays in the performance of or completion of this Agreement, if such delay is caused by riots, wars,
terrorism, government regulations, fire, flood, or other acts of God; provided, however, that the party whose performance is prevented shall use reasonable diligent efforts to cure such failure and mitigate the results of such failure.

  

	 	13.2	Applicable Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Florida, without regard to principles of choice of
law (whether of the State of Florida or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. The Uniform Computer Information Transactions Act as enacted in any jurisdiction (“UCITA”) shall not
apply to this Agreement or any performance hereunder, and the parties expressly opt out of the applicability of UCITA to this Agreement. 

  

	 	13.3	Notices. All notices and correspondence relating to this Agreement shall be considered effective five (5) days after delivery by registered or certified mail with return
receipt requested and correctly addressed to the parties as set forth in this Agreement or at such other address as designated. Notices delivered to eMerge shall be directed to the attention of the Corporate Legal Administrator, eMerge Interactive,
Inc., 10305 102nd Terrace, Sebastian, FL, 32958, and notices delivered to PG shall be directed to the attention of
Jason Anderson, Power Genetics Company, 416 Center Avenue, Holbrook, Nebraska 68948. 

  

	 	13.4	Assignment. Neither Party may assign this Agreement without the prior written consent of the other, which consent shall not be unreasonably withheld. The assigning Party
shall remain fully liable for and shall not be relieved from the full performance of all obligations under this Agreement. 

  

	 	13.5	Entire Agreement. This Agreement contains the full and final agreement between the parties to this Agreement with respect to the subject matter of this Agreement. This
Agreement supersedes all prior negotiations, representations and agreements, written or oral, regarding the subject matter hereof, and the parties hereto shall not be bound by any terms, conditions, statements, warranties or representations, oral or
written, not contained in this Agreement. 

  

	 	13.6	Severability. If any provision of this Agreement shall be declared by any court of competent jurisdiction to be illegal, void or unenforceable, all other provisions of this
Agreement shall not be affected and shall remain in full force and effect to the fullest extent permitted by applicable law. 

  

	 	13.7	Amendment and Waiver. Any waiver, amendment or modification of any provision of this Agreement must be in writing. No waiver or consent shall constitute a continuing waiver
or consent or commit a party to provide a waiver in the future except as specifically set forth in writing. The failure of either party to exercise any right provided for by this Agreement shall not be deemed a waiver of such right.

  

 Page 7 

	 	13.8	Counterparts; Facsimiles. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. A facsimile copy of this Agreement, including any and all signature pages, shall be deemed an original. 

 THIS SPACE INTENTIONALLY LEFT BLANK 
  

 Page 8 

 WITNESS the signature of the duly-authorized representative of each party, as of
the Effective Date. 
  

									
	eMerge Interactive, Inc.	 		 	Power Genetics Company
					
	By:	 	 /s/ DAVID C. WARREN
	 	 	 	By:	 	 /s/ JASON ANDERSON

	 	 	(Signature)	 	 	 	 	 	(Signature)
					
	Name:	 	 David C. Warren
	 		 	Name:	 	 Jason Anderson

		 	(Print or Type)	 		 		 	(Print or Type)
					
	Title:	 	 President & CEO
	 		 	Title:	 	 Secretary

		 	(Print or Type)	 		 		 	(Print or Type)
					
	Date:	 	July 7, 2006	 		 	Date:	 	July 7, 2006

  

 Page 9

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