Document:

Letter Agreement by and between eMerge Interactive, Inc. and Richard Stroman

 Exhibit 10.37 
  
 October 10, 2002 
  
 VIA HAND DELIVERY 
 Richard Stroman 
  
 Dear Rich: 
  
 Below you will find the addendum to your employment agreement as was approved by the Compensation Committee. This addendum is effective
October 2, 2002, and will be placed in your personnel file and will supercede previous agreements only on the terms identified below: 
  

			
	Option Terms:	  	Should the Company terminate you without cause, the vesting schedule of all of your options will be accelerated to immediately vest an additional 6 (six) months. In this situation, vested
options will remain exercisable for a period of 6 (six) months following the date of termination. In the event of change of control as defined below, options will automatically vest at 100%. In this situation, vested options will remain exercisable
for a period of 12 (twelve) months following the date of termination. Please see the Plan for other terms and conditions.
		
	Salary Continuance:	  	If the Company terminates you without cause, or you are terminated as a result of a change of control as defined below, you will receive a salary and prorated earned bonus (if any)
continuation as severance for a period of 6 (six) months after termination. You must agree not to compete with the Company during the period of your salary continuance.
		
	Change of Control:	  	For purposes of this Agreement, a “Change of Control” shall mean any of the following events:
		
	 	  	 (a)    An acquisition (other than directly from the Company) of any voting securities of the Company (the “Voting
Securities”) by any person” (as the term is used for purposes of Section 13(d) or 14(d) of the Securities Act of 1934, as amended (the “1934 Act”)) immediately after which such Person has “Beneficial Ownership” (within
the meaning of Rule 13d-3 promulgated the 1934 Act) of a majority of the combined voting power of the Company’s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control has occurred,
Voting Securities which are acquired in a “Non-Control Acquisition” (as hereinafter defined) shall not constitute a Change in Control. A “Non-Control Acquisition” shall mean acquisition by (1) an

			
	 	 	 employee benefit plan (or a trust forming a part thereof) maintained by (a) the Company or (b) any corporation or other Person of which a majority of its voting
power or its equity securities or equity interest is owned directly or indirectly by the Company (a “Subsidiary”), (2) the Company or any Subsidiary, or (3) any Person in connection with a “Non-Control Transaction (as hereinafter
defined):

		
	 	 	 (b)    Consummation of:

		
	 	 	 (1)    A merger, consolidation or reorganization involving the Company, unless persons who are stockholders of the Company
immediately before such merger, consolidation or reorganization, directly or indirectly, beneficially owned at least fifty-one percent (51%) of the combined voting power of the outstanding voting securities of the corporation resulting from such a
merger or consolidation or reorganization (the “Surviving Corporation”).

		
	 	 	 A transaction described in this Section (b) (1) shall herein be referred to as a “Non-Control Transaction”‘

		
	 	 	 (2)    A sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a
transfer to a Subsidiary).

  
 Rich, I’m excited about the
future of this organization, and look forward to working with you to realize exceptional rewards of our successes. 
  

	
	Best regards,
	
	 /s/ David C. Warren

	David C. Warren
	Chief Executive Officer

  

					
	Accepted:	  	 /s/ Richard Stroman

	  	Date: 10/29/02Letter Agreement by and between eMerge Interactive, Inc. and David C. Warren

 Exhibit 10.38 
  
 October 10, 2002 
  
 VIA HAND DELIVERY 
 David C. Warren 
  
 Dear David: 
  
 Below you will find the addendum to your employment agreement as was approved by the Compensation Committee. This addendum is effective
October 2, 2002, and will be placed in your personnel file and will supercede previous agreements only on the terms identified below: 
  

					
	Option Terms:	  	Should the company terminate you without cause, the vesting schedule of all your options will be accelerated to immediately vest an additional 12 (twelve) months. In this situation,
all vested options will remain exercisable for a period of 12 (twelve) months following the date of termination. In the event of change of control as defined below, options will automatically vest at 100%. In this situation, vested options will
remain exercisable for a period of 12 (twelve) months following the date of termination. Please see the Plan for other terms and conditions.
		
	Salary Continuance:	  	If the Company terminates you without cause, or you are terminated as a result of change of control as defined below, you will receive a salary and prorated earned bonus (if any)
continuation as severance for a period of 12 (twelve) months after termination. You must agree not to compete with the Company during the period of your salary continuance.
		
	Change of Control:	  	For purposes of this Agreement, a “Change of Control” shall mean any of the following events:
			
	 	  	(a)	  	An acquisition (other than directly from the Company) of any voting securities of the Company (the “Voting Securities”) by any person” (as the term is used for purposes of Section
13(d) or 14(d) of the Securities Act of 1934, as amended (the “1934 Act”)) immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of a majority of the
combined voting power of the Company’s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control has occurred, Voting Securities which are acquired in a “Non-Control
Acquisition” (as hereinafter defined) shall not constitute a Change in Control. A “Non-Control Acquisition” shall mean an acquisition by (1) an employee benefit plan (or a trust forming a part thereof) maintained by (a) the Company or
(B)

							
	 	 	 	  	any corporation or other Person of which a majority of its voting power or its equity securities or equity
interest is owned directly or indirectly by the Company (a
“Subsidiary”), (2) the Company or any
Subsidiary, or (3) any Person in connection with a “Non-Control Transaction (as hereinafter defined):
			
	 	 	(b)	  	Consummation of:
				
	 	 	 	  	(1)	 	A merger, consolidation or reorganization involving the Company, unless persons who are stockholders of the Company immediately before such merger, consolidation or reorganization, directly or
indirectly, beneficially owned at least fifty-one percent (51%) of the combined voting power of the outstanding voting securities of the corporation resulting from such a merger or consolidation or reorganization (the “Surviving
Corporation”).
				
	 	 	 	  	 	 	A transaction described in this Section (b) (1) shall herein be referred to as a “Non-Control Transaction”‘
				
	 	 	 	  	(2)	 	A sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a transfer to a Subsidiary).

  
 David, I’m excited about the
future of this organization and look forward to working with you. 
  
 On behalf of
the Board, 
  

	
	 /s/ Tom Tippens

	Tom Tippens
	Chairman and Chief Executive Officer

  

					
	Accepted:	  	 /s/ David C. Warren

	  	    Date: 10/16/02Letter Agreement, dated June 7, 2004

 Exhibit 10.39 
  
 COMPANY PRIVATE 
  
 June 7, 2004 
  
 Mr. Robert Drury 
 131 Little Lane 
 Haverford, PA 19041 
  
 Dear Bob, 
  
 eMerge Interactive, Inc. is pleased to offer you the position of Senior Executive
Vice-President and Chief Financial Officer . This position reports directly to me. I believe this company has tremendous potential for success and that you are an individual who will have significant positive impact in driving the company forward.
The terms and conditions of this employment offer are as follows: 
  

			
	Interim Conditions:	  	You will begin work as Senior Executive Vice-President and Chief Financial Officer on June 14, 2004 under an Employment Agreement for an initial period to be determined. It is acknowledged
that you will continue to have obligations to your current employer for an indefinite period of time (estimated to be 6 months) and eMerge will be entitled to 50+% of your time. At the end of this obligation period, we will enter into discussions to
have you assume the eMerge Chief Financial Officer position full-time and dedicate 100% of your effort to our needs.
		
	Base Salary:	  	As CFO you will be paid a salary of $10,000 per month for the six-month+ period of the Agreement and will be eligible for an incentive bonus of 25% of your salary subject to achievement of
Company targets. During this initial six-month period, you have agreed to maintain your existing employer’s Benefits Package.
		
	 	  	When you assume the full-time position of CFO, your annual salary will be $200,000 and you will be eligible for a 45% Annual Incentive Bonus also subject to the achievement of Company targets
and the company’s Executive Benefits Package.
		
	Equity:	  	Subject to Board approval, an option to purchase 200,000 shares of the Company’s common stock, with an exercise price equal to the Fair Market Value of the Company’s common stock on
the date of grant, which “grant date” shall be defined as the later of your first day of employment as CFO or approval by the Company’s compensation committee.

 Robert Drury 
 June 7, 2004

 2. 
  

			
	Option Terms:	  	Options will be issued pursuant to and governed by the terms of the company’s 1999 Equity Compensation Plan (the “Plan”). Your options will vest 25% when you assume the
full-time CFO position and the balance of the options will vest 25% per year beginning with the first anniversary of the grant date (100% vesting over 4 years); option term is 10 years; unvested options will terminate immediately upon termination,
subject to the salary continuance provision below. All options will terminate one year after your death or termination for disability, or 3 months after termination of employment for any reason other than cause, and as of your last day of employment
if terminated for cause. Please see the Plan for other terms and conditions.
		
	 	  	Example: 200,00 shares granted on start date – 6/14/04
		
	 	  	50,000 options vest at the date of assuming full-time CFO Role (11/04)
		
	 	  	50,000 options vest at June 14, 2005
		
	 	  	50,000 options vest at June 14, 2006
		
	 	  	50,000 options vest at June 14, 2007
		
	 	  	eMerge will also extend the time period in which you can exercise the options on your Directors’ shares to insure that the Stock Option Grants you have earned as a Director on the Board
will carry forward into your CFO role.
		
	 	  	Should the Company terminate you without cause, the vesting schedule of all of your options will be accelerated to immediately vest an additional 6 (six) months. In this situation, vested
options will remain exercisable for a period of 6 (six) months following the date of termination. In the event of change of control as defined below, options will automatically vest at 100%. In this situation, vested options will remain exercisable
for a period of 12 (twelve) months following the date of termination. Please see the Plan for other terms and conditions.
		
	Salary Continuance:	  	If the Company terminates you without cause, or you are terminated as a result of a change of control as defined below, you will receive a salary and prorated earned bonus (if any)
continuation as severance for a period of 6 (six) months after termination. You must agree not to compete with the Company during the period of your salary continuance.

 Robert Drury 
 June 7, 2004

 3. 
  

					
	Change of Control:	  	For purposes of this Agreement, a “Change of Control” shall mean any of the following events:
			
	 	  	(a)	  	An acquisition (other than directly from the Company) of any voting securities of the Company (the “Voting Securities”) by any person” (as the term is used for purposes of Section
13(d) or 14(d) of the Securities Act of 1934, as amended (the “1934 Act”)) immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 promulgated the 1934 Act) of a majority of the combined
voting power of the Company’s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control has occurred, Voting Securities which are acquired in a “Non-Control Acquisition” (as
hereinafter defined) shall not constitute a Change in Control. A “Non-Control Acquisition” shall mean acquisition by (1) an employee benefit plan (or a trust forming a part thereof) maintained by (a) the Company or (b) any corporation or
other Person of which a majority of its voting power or its equity securities or equity interest is owned directly or indirectly by the Company (a “Subsidiary”), (2) the Company or any Subsidiary, or (3) any Person in connection with a
“Non-Control Transaction (as hereinafter defined):
			
	 	  	(b)	  	Consummation of:
		
	 	  	(1) A merger, consolidation or reorganization involving the Company, unless persons who are stockholders of the Company immediately before such merger, consolidation or
reorganization, directly or indirectly, beneficially owned at least fifty-one percent (51%) of the combined voting power of the outstanding voting securities of the corporation resulting from such a merger or consolidation or reorganization (the
“Surviving Corporation”).
		
	 	  	A transaction described in this Section (b) (1) shall herein be referred to as a “Non-Control Transaction”‘
		
	 	  	(2) A sale or other disposition of all or substantially all of the assets of the Company to any Person (other than a transfer to a Subsidiary). Other Agreements: Your offer is
contingent on your execution of our standard non-disclosure and assignment of inventions agreement (the “NDA”), which will include an agreement not to solicit or hire any of the company’s employees within one year after termination of
your employment.

 Robert Drury 
 June 7, 2004

 4. 
  

			
	Benefits:	  	Bob, when you begin your full-time CFO position, you will be eligible to participate in the Company’s Medical, and Dental Insurance on your 1st day of full-time employment and Life
Insurance on your 31st day of full-time employment. Eligibility in the Company’s 401(k) plan will occur on the 1st of the quarter following the completion of 90 days of full-time employment.
		
	Employment Type:	  	At will.

  
 Bob, this offer is valid until Friday,
June 11, 2004 and contingent upon the completion and negative results of a pre-employment drug screen paid for by the Company. 
  
 Please signify your acceptance of this offer by signing below and returning by fax at 772-594-3220 to the attention of Pam Gallagher, Human Resources Administrator.

  
 I look forward to working with you to bring eMerge to its fullest potential.

  
 Best Regards, 
  

	
	 /s/ David Warren

	David Warren
	CEO and President

  

			
	Enclosures:	  	Drug Free Workplace Policy
	 	  	Drug Screen Chain of Custody Form
	 	  	Non-Disclosure and Invention Assignment Agreement

  

					
	Accepted:	  	 /s/ Robert Drury

	  	Date: 6/14/04

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