Document:

OPTION
CANCELATION AND RELEASE

 

This
option cancelation and release (the “Agreement”), dated as of July 2, 2015 (the “Effective Date”),
is entered by Bitcoin Shop, Inc., a Nevada corporation (the “Company”), and Michal Handerhan (the “Executive”
and collectively with Company, the “Parties”).

 

WHEREAS,
on November 7, 2014, the Company and Executive entered into a nonqualified stock option agreement (the “Option Agreement”)
whereby the Executive was given the opportunity to purchase up to an aggregate of 2,950,000 shares of the Company’s common
stock, par value $0.001, (the “Common Shares”) at a per share price of $0.10 purchase if certain performance
metrics are achieved as set forth in the Option Agreement, (the “Share Award”); and

 

WHEREAS,
subject to the terms and conditions set forth in this Agreement, the Company and the Executive agree that the Executive shall
return the Share Award to the Company for cancellation in full.

 

NOW,
THEREFORE, in consideration of the mutual conditions and covenants contained in this Agreement, and for other good and valuable
consideration, the sufficiency and receipt of which is hereby acknowledged, it is hereby stipulated, consented to, and agreed
by and between the Parties as follows:

 

1.
Cancellation of Options. On the Effective Date, the Executive shall forfeit the Share Award and such Share Award shall
be deemed cancelled and of no further force or effect.

 

2.
Limited Release. The Executive hereby releases and discharges Company and its heirs, executors, administrators, parent
company, holding company, subsidiaries, successors, assigns, predecessors, past and present, officers, directors, principals,
control persons, past and present employees and registered representatives, insurers, representatives, and attorneys (the “Releasees”),
from and against any and all actions, causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments, extents, executions,
claims, and demands whatsoever, in law, admiralty or equity, against Releasees, that the Executive, on its own behalf and on behalf
of its heirs, executors, administrators, successors and assigns ever had, now have or hereafter can, shall or may, have for, upon,
or by reason of the Share Award, and any and all matters related thereto, whether or not known or unknown. The Release provided
in this Paragraph 2 shall be effective on the Effective Date.

 

    	 

    	 

    

 

3.
No assignment. The Executive represents and warrants that no other person or entity has any interest in the matters released
herein, and that he has not assigned or transferred, or purported to assign or transfer, to any person or entity all or any portion
of the matters released herein.

 

4.
Fees and Expenses. Each party shall be responsible for his or its own attorneys’ fees and costs.

 

5.
Reliance. The Parties acknowledge and represent that: (a) they have read the Agreement; (b) they clearly understand the
Agreement and each of its terms; (c) they fully and unconditionally consent to the terms of this Agreement; (d) they have had
the benefit and advice of counsel of their own selection; (e) they have executed this Agreement, freely, with knowledge, and without
influence or duress; (f) they have not relied upon any other representations, either written or oral, express or implied, made
to them by any person; and (g) the consideration received by them has been actual and adequate.

 

6.
Entire Agreement. This Agreement contains the entire agreement and understanding concerning the subject matter hereof between
the parties and supersedes and replaces all prior negotiations, proposed agreement and agreements, written or oral. Each of the
parties hereto acknowledges that none of the parties hereto, agents or counsel of any party, has made any promise, representation
or warranty whatsoever, express or implied, not contained herein concerning the subject hereto, to induce it to execute this Agreement
and acknowledges and warrants that it is not executing this Agreement in reliance on any promise, representation or warranty not
contained herein.

 

7.
Amendments. This Agreement may not be modified or amended in any manner except by an instrument in writing specifically
stating that it is a supplement, modification or amendment to the Agreement and signed by each of the Parties hereto against whom
such modification or amendment shall be claimed to be effective.

 

8.
Enforceability. Should any provision of this Agreement be declared or be determined by any court or tribunal to be illegal
or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid
part, term or provision shall be severed and deemed not to be part of this Agreement.

 

9.
Governing Law. This Agreement shall be governed, interpreted, and construed in accordance with the laws of the State of
New York.

 

10.
Counterparts. This Agreement may be executed in facsimile counterparts, each of which, when all parties have executed at
least one such counterpart, shall be deemed an original, with the same force and effect as if all signatures were appended to
one instrument, but all of which together shall constitute one and the same Agreement.

 

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    	- 2 -

    	 

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first indicated above.

 

	BITCOIN SHOP, INC.	 	MICHAL HANDERHAN
	 	 	 	 
	By:		 	 
	Name:	Charles Allen	 	 
	Title:	Chief Executive Officer	 	 

 

    	- 3 -EX-10.1

 Exhibit 10.1 

NOTE AMENDMENT AGREEMENT 

This NOTE AMENDMENT AGREEMENT (this “Amendment”), dated as of July 2, 2015 (the “Effective Date”), is
entered into by and among AUTHENTIDATE HOLDING CORP., a Delaware corporation (the “Company”) and Lazarus Investment Partners LLLP, the holder (the “Holder”) of the Prior Note (as such term is defined below). 

WHEREAS, the Company has issued to the Holder a promissory note in the aggregate principal amount of $500,000 (the “Prior
Note”) with a maturity date of July 2, 2015 (the “Maturity Date”); 
 WHEREAS, the Company seeks
Holder’s consent to modify and extend the Maturity Date of the Prior Note to the date specified hereinafter and, in consideration thereof, the Company and the Holder have agreed to the additional terms set forth herein. 

NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged the Company and the Holder agree as
follows: 
 SECTION 1. Definitions. As used herein, terms that are defined herein shall have the meanings as so defined, and
terms not so defined shall have the meanings as set forth in the Prior Note. 
 SECTION 2. Amendments to the Prior Note. The
Prior Note shall be amended as follows: 
 (a) The Prior Note is hereby amended to modify the definition of the term “Maturity
Date” such that from and after the Effective Date of this Amendment, the term “Maturity Date” shall mean July 16, 2015. 

(b) Section 1 of the Prior Note is hereby amended such that from and after the Effective Date, interest on the Prior Note shall accrue at
the annual rate of 12% and that all accrued and unpaid interest on the Prior Note shall be due and payable in cash on the Maturity Date or any earlier date on which the then outstanding principal amount of the Prior Note is repaid. 

(c) Section 3 of the Prior Note is hereby deleted in its entirety and all references elsewhere in the Prior Note to the term
“Accelerated Payment Date” are also hereby deleted from the Prior Note. 
 SECTION 3. No Defaults. The Company and
Holder, by execution of this Amendment, each hereby represent and warrant to the other, that as of the date hereof, no Event of Default has occurred under the Prior Note and no Event of Default exists or is continuing with respect to the Prior Note.

 SECTION 4. Effect of Amendment. Upon the Effective Date of this Amendment, (i) the applicable portions of this
Amendment shall be a part of the Prior Note and the Prior Note shall incorporate the provisions of Section 2 hereof, and (ii) each reference in the Prior Note to “this Note”, “this Agreement”, “hereof”,
“hereunder”, or words of like import, and each reference in any other document or agreement to the Prior Note shall mean and be a reference to the Prior Note as amended hereby. Except as expressly amended hereby, the Prior Note (as it may
have previously been amended) shall remain in full force and effect in accordance with its terms, and is hereby ratified and confirmed by the parties hereto. 

SECTION 5. Consent. Each of the Holder and the Company hereby consents to the terms of the amendments to the Prior Note
contained in this Amendment. This Amendment is not intended to serve as, and shall not be construed by operation of law or otherwise, as a novation of the Prior Note. 

  
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 SECTION 6. Representations and Warranties. Each of the parties hereto represents
and warrants that it is duly incorporated or otherwise organized, validly existing and (to the extent applicable) in good standing under the laws of the jurisdiction of its formation, that it has all requisite power and authority to enter into this
Amendment and that this Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation. The Holder further represents and warrants that (i) it is the beneficial or record owner of the
Prior Note originally issued to it, free and clear of any and all pledges, liens, security interests, mortgage, claims, charges, restrictions, options, title defects or encumbrances and (ii) such Holder has not assigned any interest in the
Prior Note. 
 SECTION 7. Governing Law; Miscellaneous. 

(a) This Amendment shall be governed by and construed in accordance with the laws of the State of New York without reference to principles of
conflicts of law. Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment. This Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each
of which shall be an original and all of which taken together shall constitute one and the same agreement. Executed counterparts may be delivered via facsimile or other means of electronic transmission. 

(b) Each Holder hereby represents that it is the owner of the Prior Note issued to it and that such Prior Note has not been assigned, pledged
or otherwise transferred. Each Holder agrees that this Amendment shall be affixed by each Holder to its Prior Note and become a part thereof. 

(c) This Amendment contains the entire agreement and understanding of the parties with respect to its subject matter and supersedes all prior
arrangements and understandings between the parties, either written or oral, with respect to its subject matter. No provision of this Amendment may be waived, modified, supplemented or amended except in a written instrument signed by the Company and
the Holder. The failure of any party at any time or times to require performance of any provision hereof shall in no manner affect the rights at a later time to enforce the same. No waivers of or exceptions to any term, condition, or provision of
this Amendment, in any one or more instances, shall be deemed to be, or construed as, a further or continuing waiver of any such term, condition, or provision. This Amendment shall be binding upon and shall inure to the benefit of and be binding
upon the parties hereto and their respective successors and assigns. 
 (d) Each Holder has been advised and had the opportunity to consult
with an attorney or other advisor prior to executing this Amendment. The undersigned Holder understands, confirms and agrees that counsel to the Company and its counsel are not acting as counsel to the Holder and the undersigned Holder has not
relied upon any legal advice except as provided by its own counsel. 
 (e) This Amendment is subject to the Company’s receipt of a
comparable amendment agreement executed on behalf of VER 83, LLC with respect to amending the maturity date and interest rate of the promissory note held by it in the aggregate principal amount of $950,000. 

Signature Page Follows. 

  
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 WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective
duly authorized representatives, as of the date first set forth above 
  

			
	AUTHENTIDATE HOLDING CORP.
		
	By:		/s/ Ian C. Bonnet
	Name:		Ian C. Bonnet
	Title:		Chief Executive Officer

 ACCEPTED AND AGREED: 

HOLDER: LAZARUS INVESTMENT PARTNERS LLLP 

			
		
	By:		/s/ Justin Borus
	Name:		Justin Borus
	Title:		Manager

 Principal Amount of Prior Note: $500,000.00 

  
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