Document:

Exhibit 10.111

    
      

    

    Exhibit
      10.111

     

    

     

     

    
 

    March
      14,
      2007

    

    Scott
      R.
      Silverman

    Chairman
      and Chief Executive Officer

    VeriChip
      Corporation

    1690
      South Congress Avenue, Suite 200

    Delray
      Beach, Florida 33445

     

    Re:
      Payments
      under Incentive Agreement

    

    Dear
      Mr.
      Silverman:

    

    Enclosed
      with this letter is 503,768 shares (the “Shares”) of common stock of Applied
      Digital Solutions, Inc. (the “Company”) which have been issued under the
      Company’s 1999 Flexible Executive Stock Plan and the Company’s 2003 Flexible
      Executive Stock Plan as partial payment in connection with the Company’s
      obligations under that certain Incentive Agreement dated December 5, 2006,
      between you and the Company (the “Agreement”). The Agreement will remain in full
      force and effect for the remaining portion of the payment thereunder ($2.3
      million). This letter is, among other things, intended to partially satisfy
      certain terms of the Agreement, including the Company’s election to satisfy a
      portion of its obligation now by issuing 503,768 shares with a value as of
      this
      date of $735,501.28 and a cash payment of $264,498.72. These shares are issued
      outright with no risk of forfeiture.

    

    You
      further agree that you will not require the Company to make the remaining
      portion of the payment ($2.3 million) to you until the earlier of April 1,
      2008
      or the receipt of funds by the Company in excess of $4.0 million in a single
      transaction resulting from (i) the issuance of the Company’s equity; or (ii) the
      sale of one of the Company’s assets, including the shares of Digital Angel
      Corporation or VeriChip common stock that the Company owns.

    

    Sincerely,

     

    /s/
      Michael Krawitz

    

    Michael
      Krawitz

     

    Accepted
      and agreed to as of

    the
      14
      day of March, 2007:

    

    

    /s/
      Scott R.
      Silverman                                       
 

    Scott
      R.
      Silverman

     

     

     

    

      1690
        S.
        Congress Avenue    .    Suite
        200    .    Delray
        Beach,
        FL 33445

      voice
        561.805.8000    .    fax
        561.805.8001EXHIBIT 10.2
                                                                    ------------

TEXT MARKED BY [* * *] HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT AND WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

                       AMENDMENT SIX TO LICENSE AGREEMENT

            THIS AMENDMENT ("Amendment") is made and entered into effective as
of December 31, 2006, by and between bebe studio, inc., a California corporation
("bebe") and Signature Eyewear, Inc. a California corporation ("LICENSEE").

                                    RECITALS

            A. bebe and LICENSEE made and entered into that certain License
Agreement, effective as of September 23, 1999, as thereafter amended (the
"License Agreement") relating to specific rights and license to use certain bebe
trademarks in connection with design, manufacture, advertisement, promotion,
distribution and sale of Licensed Products, as defined in the Agreement.

            B. The parties hereto are presently desirous of amending the License
Agreement as follows.

            NOW, THEREFORE, in consideration of the recitals, premises and
mutual covenants contained in this Amendment, the parties agree as follows:

1. Notwithstanding anything to the contrary contained in this Agreement or any
Amendments, this Agreement shall be extended and shall expire on January 31,
2008

2. Minimum Shipments in Exhibit "G" shall be amended to the following:

            Any Minimum Net Sales for the period between December 31, 2006 and
January 31, 2008 shall be [ * * * ].

3. Section 5.2.1 of the License Agreement shall be deleted and replaced with the
following:

            The Minimum Payment for each Contract Year shall be equal to [* * *]
of the Minimum Shipments for such Contract Year.

4. Under Exhibit "F," additional "Territories" include:

            Australia, Chile, Columbia, Dubai, Ecuador, Egypt, Philippines,
Thailand, Venezuela, Singapore, and Indonesia, with the following disclaimer:

            LICENSOR does not represent that it owns the trademark in each of
the above named counties and if it is adjudged that it does not own the mark in
any particular country, the LICENSEE shall not do business under the bebe name
and will indemnify bebe for any breach hereunder.

<PAGE>

5. Except as expressly amended herein, all of the terms, definitions, covenants
and conditions of the License Agreement shall remain in full force and effect
and are hereby ratified and confirmed. The License Agreement as amended
represents the entire understanding and agreement between the parties and
supersedes all prior negotiations, representations, amendments or agreements,
either written or oral. Each of the parties hereto severally agree that they
have read this Amendment, that they understand the contents thereof, and that
each is signing this Amendment as his own free act and deed with full advice of
counsel.

6. In the event of any conflict or inconsistency between this Agreement and the
License Agreement, the provisions in this Agreement shall govern and control.

            IN WITNESS WHEREOF, each of the parties hereto has executed this
Agreement or caused the same to be executed by its duly authorized officer on
the day and year first set forth above.

"bebe"                                           "LICENSEE"
bebe studio, inc.                                Signature Eyewear, Inc.
a California corporation                         a California corporation

By: /s/ Walter Parks                             By: /s/ Michael Prince
    ------------------------                         ------------------------
    Walter Parks                                     Michael Prince
    Chief Operating Officer                          Chief Executive Officer
    and Chief Financial Officer

                                        2EXHIBIT 10.20

    
      

    

    EXHIBIT
      10.20

    

    HUMAN
      RESOURCES DEPARTMENT

    

    INTRA-COMPANY
      COMMUNICATION

    

     

    
      	
              SUBJECT:

            	
              Temporary
                assignment to the UK

            	 	
              DATE:

            	
              January
                2, 2007

            
	 	 	 	 	 
	
              TO:

            	
              Pamela
                J. Hynes

            	 	 	 

    

     

    CONFIDENTIAL

    

    This
      is
      to confirm our mutual understanding of your compensation and benefits package
      in
      connection with your assignment as VP Worldwide Customer Service and EMEA
      Operations. 
      Your
      home base has been established as United Kingdom.

    

    Base
      Salary -
      Effective October 1st,
      2006
      your base salary will be $18,750 per month to reflect a $75,000 annual increase
      related to your United Kingdom assignment. 

    

    Housing
      -
      Included in your salary increase is a monthly housing allowance of
      $1,142.

    

    Pay
      Arrangements
      - As we
      discussed, you will be paid in U.S. dollars and your pay will be deposited
      into
      your U.S. bank account. 

    

    Cost
      Allocation
      - All
      costs in connection with your assignment will be charged to the ININ UK Limited,
      a wholly-owned subsidiary of Interactive Intelligence Inc. (the
      Company).

    

    Tax
      Policy
      - During
      your international assignment in the U.K. you will be subject to U.K. taxes.
      A
      tax consultant, designated by the Company, will assist in preparing and filing
      your U.K. income tax returns. For any business day that you work outside of
      the
      U.K, you will be required to pay U.S. taxes. You will remain in the U.S. Social
      Security administration for the entire period and will not be charged social
      taxes in the U.K.

    

    Pay
      & Benefits
      - You
      will continue to be on the U.S. payroll and enrolled in the same U.S. benefits
      as you were prior to the temporary assignment. 

    

    This
      letter is subject to modification to reflect subsequent changes in Company
      policy. Also, it should be understood that the terms and conditions of your
      assignment, including assignment duration, location, etc., are based upon
      present requirements and are subject to change at the discretion of the
      Company.

    

    Please
      acknowledge receipt of this assignment letter and agreement with its terms
      by
      signing the two originals and returning one to the Director of Human
      Resources.

    

    Sincerely
      yours,

    

    
      	
              /s/
                Stephen R. Head

            	
              1/21/2007

            	 	
              /s/
                Debra Jones

            	
              1/21/2007

            
	
              Stephen
                R. Head

              Chief
                Financial Officer, 

              Vice
                President of Finance and Administration, Secretary and
                Treasurer

            	
              Date

            	 	
              Debra
                Jones

              Director
                Human Resources

            	
              Date

            

    

    

    

    I
      have
      read this assignment letter and agree that it is consistent with my
      understanding of the terms and conditions of my overseas transfer.

    

    

    
      	
              /s/
                Pamela J. Hynes

            	
              1/20/2007

            
	
              Pamela
                J. Hynes

              Vice
                President, Customer Services

            	
              Date

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